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

  • #1,321
  • Sep 25, 2010 5:18pm Sep 25, 2010 5:18pm
I really think that you are right Kenny, the trading is our friend. Also, it is good to trade what we have in our "Present Time". However, remember the same boys (speculation, greed, and fear) that are causing this amazing overbought price situation are the same boys that will cause the strongest pull back ever.

Blessings,

Quoting KennyZ
Not 50K but certainly 5K in longer term is very possible.

Oil and Gold two different instruments in many ways, While oil price based on mainly real supply and demand, on the other hand gold price is based on speculation - greed and fear.

In any case I never base my trades on predictions or indicators. I just follow the PA in "Present Time" with the help of TL, S&R and MM.

If it's going up, why not just follow it until it hits the ceiling, rather than trying to predict a ceiling price. Before shorting, I'd prefer to see that solid ceiling...
  • #1,322
  • Sep 25, 2010 6:52pm Sep 25, 2010 6:52pm
There will always be pullbacks and these are buying opportunities in the gold market. Gold is in a bull market on the long run and this is far from over. Actually, I would be quite happy to get a big pullback to the 1000 level for example... I would be there as a buyer
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,323
  • Sep 26, 2010 3:08pm Sep 26, 2010 3:08pm
My 2500 call is completely serious.

5000 in the next 5/10 years is possible as well.

What we need to discuss here is that indicators will on explain the fundamental driving factors behind the Price of GOLD.

Bottom LinE___________________

Platinum has already seen prices over 2000 per troy oz. Granted there were mining issues and auto production was high at the time. eY no chart can tell you that nor indicator. Gold is still a commodity although used as a Global currency, this should not be forgotten.

NO, NO NO central bank "right now" wants a "too" strong currency.
The rase to debase is on. Look at the BOJ intervention. The Swiss are rumored to be dumping CHF to buy Euros as well.

We can discuss tonight. I am going out with the ladies.
See ya later.
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,324
  • Sep 26, 2010 3:16pm Sep 26, 2010 3:16pm
Quoting XTrade
My 2500 call is completely serious.

5000 in the next 5/10 years is possible as well.

What we need to discuss here is that indicators will on explain the fundamental driving factors behind the Price of GOLD.

Bottom LinE___________________

Platinum has already seen prices over 2000 per troy oz....
The BOJ intervention showed us the weakness of the US Dollar, hitted a 15 year low. The US Dollar was literally collapsing and falling down like a stone... artificially propping up the price on the short run won't change the trend on the long run
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,325
  • Sep 27, 2010 12:36am Sep 27, 2010 12:36am
Gold may be poised for a breakout here. Looks like it wants to pop the top. Let's see.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,326
  • Sep 27, 2010 7:43am Sep 27, 2010 7:43am
That 1300 might be taken out at the NY opening. AT least, it seems so
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,327
  • Sep 27, 2010 4:00pm Sep 27, 2010 4:00pm
Didn't BO finally... let's be patient!
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,328
  • Sep 27, 2010 11:32pm Sep 27, 2010 11:32pm
XAU is getting low now. It's a signal for us that XAU is in a downtrend / taking profit?
15 minutes - 2 hours chart are showing the price will go down.
based on historical chart, XAU will climb up in Tuesday after US market open. Any suggestion & opinion will help? Thanx.
  • #1,329
  • Sep 28, 2010 12:27am Sep 28, 2010 12:27am
Quoting kandi
XAU is getting low now. It's a signal for us that XAU is in a downtrend / taking profit?
15 minutes - 2 hours chart are showing the price will go down.
based on historical chart, XAU will climb up in Tuesday after US market open. Any suggestion & opinion will help? Thanx.
no, today option expiring

so probably we could have a later spike up to 1300 and above, before retrace again towards these levels and maybe below...
  • #1,330
  • Sep 28, 2010 10:08am Sep 28, 2010 10:08am
Not today my friend! Gold has just EXPLODED on weak US data to yet another record high!!!!

We are still in intact bull run to 1350



Quoting fammira
no, today option expiring

so probably we could have a later spike up to 1300 and above, before retrace again towards these levels and maybe below...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,331
  • Sep 28, 2010 10:09am Sep 28, 2010 10:09am
Here is a quick chart

http://www.kitco.com/images/live/nygold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,332
  • Sep 28, 2010 10:14am Sep 28, 2010 10:14am
Hi guys, just woke up. Pretty happy to see that break out... for those of you who though it was over, there some gasoline left in that move up
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,333
  • Sep 28, 2010 10:26am Sep 28, 2010 10:26am
Hello,

Yes not bad, in earlier trade there was a nice dip to 1280. Then the abysmal news came out. I'd say we are primed for 1350 in this recent leg up.



Quoting Bootleger
Hi guys, just woke up. Pretty happy to see that break out... for those of you who though it was over, there some gasoline left in that move up
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,334
  • Sep 28, 2010 10:42am Sep 28, 2010 10:42am
Quoting XTrade
Hello,

Yes not bad, in earlier trade there was a nice dip to 1280. Then the abysmal news came out. I'd say we are primed for 1350 in this recent leg up.
Yes I saw that on my graph that 1280 level. It was seen as a bargain hunting buying opportunity... we're 25$ higher.

We'll see how it goes from that point
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,335
  • Sep 28, 2010 12:49pm Sep 28, 2010 12:49pm
1301.60 IS SUPPORT FOR NOW PULL BACK IS immanent toward that 1300 zone to rise further GOD knows where


BUT I WILL HIT AND RUn

COMMENTS WELCOME......



RESISITANCE PLEASE
We cannot direct the winds but we can adjust our sail.
  • #1,336
  • Sep 28, 2010 1:17pm Sep 28, 2010 1:17pm
First resistance 1310-1311 and next big step is 1325
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,337
  • Sep 28, 2010 2:37pm Sep 28, 2010 2:37pm
Quoting XTrade
Not today my friend! Gold has just EXPLODED on weak US data to yet another record high!!!!

We are still in intact bull run to 1350
no not today, but very soon.

I am a seller now and up to 1318, then we go down, you'll see
  • #1,338
  • Sep 28, 2010 7:48pm Sep 28, 2010 7:48pm
Gold still isnt giving an inch...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,339
  • Sep 28, 2010 10:56pm Sep 28, 2010 10:56pm
XAU is on the run. Nice move after consumer confidence released worst than expected. I'll take buy position and hold until it reach 1330. Any suggestion and comment will help. Thanks.
  • #1,340
  • Sep 28, 2010 11:04pm Sep 28, 2010 11:04pm
Gold above 1310 and silver 15-20 cents to the 22 level... I like that
US Dollar is trash... Get out of that Ponzi scheme !!!
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