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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #1,121
  • Jul 29, 2010 9:26pm Jul 29, 2010 9:26pm
I have some 2009 American Silver Eagles or ASE's. THey did stop minting though,
are there any 2010s?

Also - I WONDER, what would happen if the US mint went to the COMEX and tried to take delivery of some metals.....

Hmmmm Could be bad news for JPMs short.

Maybe the two are in eachother's pocket.. Never know.


________________________________________________

On another note.

GOLD needs to take out 1169/70
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,122
  • Jul 29, 2010 10:46pm Jul 29, 2010 10:46pm
I'm going to test out a long here..

Looking to break out thru the resistance. @ 1168 high
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,123
  • Jul 29, 2010 11:12pm Jul 29, 2010 11:12pm
This price action is killing me!

Working on a quick chart and experimenting with some things...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,124
  • Jul 29, 2010 11:14pm Jul 29, 2010 11:14pm
Quoting XTrade
I'm going to test out a long here..

Looking to break out thru the resistance. @ 1168 high
Thank you very much Sir,

Totally Agree,


It could not breach 1156 - 1159

So, change my ST & MT View

Booked profits for All my Shorts @ 1164


IMO,

Reverse to go Long for ST & MT Targets


1/ Buy 1/3 @ 1165

2/ Buy 1/3 @ 1155 (hard)

3/ Buy 1/3 @ 1145 (very hard)


Stop loss for All Long @ 1135

Targets : 1174 - 1184 - 1194 - 1204 - 1214 - 1224


Why not try a Long with Low Risk Entry ?

For ST Trade, Stop loss just Below 1155 ?

For MT Trade, Add Longs at every 10 USD, Stop loss just Below 1135 ?



Good luck
  • #1,125
  • Edited 11:54pm Jul 29, 2010 11:41pm | Edited 11:54pm
1168 Resistance has been breached and tested on shorter time frame charts.

The first H1 candle has formed above resistance.

Looks like 3 times was a charm!

Looking up.... Targets to come

edit: first psych problem is 1170 & we need a solid H1 candle close above 1168.6x
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,126
  • Jul 30, 2010 12:28am Jul 30, 2010 12:28am
my L1166 filled on tues and added at L1160.

Set 1178 first target.

Bottoms tested. Giving these Ls a chance to prove.

Sell sights at 1188.

18and 45 dma moving into convergence and cross over at about 1190
I have no enemy; I make Incautiousness my Enemy.
  • #1,127
  • Jul 30, 2010 4:38am Jul 30, 2010 4:38am
Quoting XTrade
I have some 2009 American Silver Eagles or ASE's. THey did stop minting though,
are there any 2010s?

Also - I WONDER, what would happen if the US mint went to the COMEX and tried to take delivery of some metals.....

Hmmmm Could be bad news for JPMs short.

Maybe the two are in eachother's pocket.. Never know.


________________________________________________

On another note.

GOLD needs to take out 1169/70
I was looking on ebay for silver dollars. The prices with postage is usually around £18 - £20.
Translate that into $ and you are looking at $30.
Way too much when the spot price is $17.50.

Ok these coins sell easy on ebay so you would be able to sell again at a similar price.
So I looked at the US Mint website and went to see how much their gold and silver coins were.
I couldn't see, they had suspended the manufacture until they had some gold and silver to make them with.

P.S.
Yeah go to Comex - why don't they go to Comex? The demand for the Eagles is huge. It would be a sound financial move.

They already know Comex doesn't have any silver, they just pretend they do.
  • #1,128
  • Jul 30, 2010 5:15am Jul 30, 2010 5:15am
After breach of resistance and 2 tests.

The price is up we are working on 1170 now
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,129
  • Jul 30, 2010 5:18am Jul 30, 2010 5:18am
I don't know my friend, why don't they? It seems like the logical option...

If I was the US MINT - I would go to COMEX and BUY multiple contracts at a LOW price then let them expire. Pay delivery costs. Mint coins and sell to the Public.

The demand is clearly there....

Quoting six gun

P.S.
Yeah go to Comex - why don't they go to Comex? The demand for the Eagles is huge. It would be a sound financial move.

They already know Comex doesn't have any silver, they just pretend they do.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,130
  • Jul 30, 2010 5:18am Jul 30, 2010 5:18am
'bout time too.

unfortunately have to leave it as i have to work again.
I have no enemy; I make Incautiousness my Enemy.
  • #1,131
  • Jul 30, 2010 5:26am Jul 30, 2010 5:26am
Looking at 1180 as well Jim
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,132
  • Edited 12:35pm Jul 30, 2010 12:29pm | Edited 12:35pm
US News and the breach of resistance 1168 have allowed Gold some upward momentum.

Now that the reports are in line with the techs we should be taking 1200 again in the next sessions!


Quoting XTrade
Looking at 1180 as well Jim
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,133
  • Jul 30, 2010 12:30pm Jul 30, 2010 12:30pm
Trade Closed at target 1180.25
from 1168.

Appx 1200 pips.

Not holding over the weekend.

Quoting XTrade
I'm going to test out a long here..

Looking to break out thru the resistance. @ 1168 high
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,134
  • Jul 30, 2010 12:30pm Jul 30, 2010 12:30pm
Quoting jimobiwan
my L1166 filled on tues and added at L1160.

Set 1178 first target.

Bottoms tested. Giving these Ls a chance to prove.

Sell sights at 1188.

18and 45 dma moving into convergence and cross over at about 1190
Trades closed at 1178 as planned.Nice to have this work out while at work.

Will look afresh and plan for monday.
I have no enemy; I make Incautiousness my Enemy.
  • #1,135
  • Jul 30, 2010 12:33pm Jul 30, 2010 12:33pm
Did anyone catch the break on silver?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,136
  • Jul 30, 2010 12:34pm Jul 30, 2010 12:34pm
Good analysis! Nice to stick to the plan and have it go "as planned"


Quoting jimobiwan
Trades closed at 1178 as planned.Nice to have this work out while at work.

Will look afresh and plan for monday.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,137
  • Jul 30, 2010 12:40pm Jul 30, 2010 12:40pm
Quoting XTrade
Good analysis! Nice to stick to the plan and have it go "as planned"
Thanks for the encouragement. Being on the forum helps a great deal. I'm glad i found this forum. Its like i have to be responsible when i declare what i've done AND THEN the PA plays out. As opposed to silently doing my thing.
I have no enemy; I make Incautiousness my Enemy.
  • #1,138
  • Jul 30, 2010 1:11pm Jul 30, 2010 1:11pm
the analisys of gold and silver are similar?

what I do on gold, can I do on silver?
  • #1,139
  • Jul 30, 2010 1:40pm Jul 30, 2010 1:40pm
We just completed (a few minutes ago) a perfect bullish flag on the AUD/USD

I will add a chart to this post - over the weekend
Flag "pole" appx 100 pips - Flag "down channel" - Breakout served up from bottom of flag "100" pips referenced from the flagpole.

Looking to ultimately retest .9400

Cable - Med term next traget zone strong resistance / (old support)
big 5800 -

Euro - Potential 3300

this is all of course if we stay on track with minor corrections.

Need to run. Be back over the weekend.

Good luck with last Hours of session.
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,140
  • Aug 1, 2010 2:56am Aug 1, 2010 2:56am
Quoting XTrade
We just completed (a few minutes ago) a perfect bullish flag on the AUD/USD

I will add a chart to this post - over the weekend
Flag "pole" appx 100 pips - Flag "down channel" - Breakout served up from bottom of flag "100" pips referenced from the flagpole.

Looking to ultimately retest .9400

Cable - Med term next traget zone strong resistance / (old support)
big 5800 -

Euro - Potential 3300

this is all of course if we stay on track with minor corrections.

Need to run. Be back over the weekend.

Good luck with last Hours of session.
X...

my AUD still running strong. Last week i was looking to take it at 9110 and wait for a pulll back to 8850 to reenter but it never made it so high.

So will reassess if i should still take it at 9110. Seasonals are usually down in this period.

I was also thinking of S NZD at 9440 but it never went that high either.
I have no enemy; I make Incautiousness my Enemy.
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