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

Nice photo ...

how do silver and gold corelate?

Trading is not only about good predictions.
It is about focus & self control.
I am not good in that aspects....

It seems to me as of late when one is being sold off the other follows.
theres no exact range or pip correlation that I know of .

For example silvers daily low area (today 23.01)although the weekly trend is down, would be a good place to attempt to go against the trend and go long on gold .

Gold has captured the headlines, ticking off one new record high after another, but volatility in bullion is near a five-year low, which for some investors makes it a less exciting prospect. Returns on silver, they say, could be greater.Indeed, there are symptoms of spreading silver fever. Sales of silver coins are set to hit a record high this year, while investors have snapped up more than 1,500 tonnes of silver through exchange-traded funds (ETFs) in the past two months alone. That is more than 5 per cent of total annual silver supplies.


http://www.cnbc.com/id/39777069

now were talking.
Im glad they kept it quit, still dirt cheap.
It wont be for long .

Despite foreign exchange tensions between the western nations and China and emerging countries, there is no full-scale currency war yet, according to a senior foreign exchange strategist. Marc Chandler, senior vice president for global currency strategy for Brown Brothers Harriman, said in an interview with Kitco News that currency wars are dangerous and hark back to the type of "beggar thy neighbor" competitive devaluation that exacerbated the Great Depression. To go to that extent would hurt world growth. Should a currency war develop, the results would be negative for the global and U.S. economies, he said.
Chandler said a currency war requires retaliation and so far the countries that are protesting the appreciation of their currencies have not engaged in retaliation.
Chandler noted that Washington economist C. Fred Bergsten, director of the Peterson Institute for International Economics, wrote in a recent article that when Japan buys $25 billion to cool down the yen, the U.S. should do the opposite and sell $25 billion. "That would be a currency war," Chandler said, noting it hasn't happened yet.
So far, the Asian countries that are protesting the strength of their currencies have seen their currency rising, Chandler said. Only the Hong Kong dollar, which is pegged to the U.S., has been lower - that was only by a tiny fraction. Asian currencies are all higher against the dollar, he said, and are higher against the euro.
"It's not just a weak dollar story; it's an appreciating Asian story," Chandler said.
He said the big obstacle for the Asian countries is not to try and depress their currencies to promote exports, noting these are emerging market nations.
"They can barely absorb their own savings, which is why they typically export their savings to the U.S. and Europe," Chandler said. "But now not only do they have to deal with their own savings, they have a piece of the world savings." Such heavy flows are overwhelming them and creating the exact type of recent assets bubble the U.S. and Europe saw and are still dealing with, Chandler said.
With more quantitative easing expected by the U.S. Federal Reserve next month, Chandler was asked about the complaints that capitalism is being destroyed by currency printing presses running overtime. What about the laissez-faire doctrine for which many in the financial and business sectors pine?
Chandler thinks the concept of laissez-faire isn't true to history. "I don't think we've ever had laissez-faire," he said, suggesting it is "a golden age that never existed."
"There is a fine line between laissez-faire, the minimal state and anarchy," he said.
Many argue that strong rules are needed in the financial arena, Chandler said, but also noting that some also believe not enough of the regulations already in place were enforced.
He noted that despite regulations, many develop ways to "game the system."
Many countries say "do not trade our currency outside our country," he said but noted that the market has created a parallel with non-deliverable forward instruments that are cash settled and can be traded away from the regulators. "Foreign exchange is the last unregulated market," Chandler said.
Chandler said he isn't sure if capitalism means no regulation, noting it has had a history of regulation for the last 200 years. In the future, he said, there will be "more regulation and the places for people to operate in laissez-faire mode probably will be shrinking."

....on friday or even on asian session.
Possible target - downto 1311 (who knows?)

Usdjpy look up. Eur&gbp down.

Watch xaueur - 9 week low!

oh yes lets see that 1300 and maybe further down

oh my... XAU is still ranging... I don't know where the market is heading, so i'm just watching the chart
anyone can help me?

Hmmm.....i don't see 'ranging'

Gold is falling....!! See u at 1287

American boys & girls are sleepeng in their beds but we're already
at new low near the trendline! No any spikes down!

1287 is very possible today.

My scenario:
From here (1317) back to 1323 then 1311. If spike - back to 1317, if no -> lower, downto 1287 & 1264 (not today, of course

Hey guys you really should look at oil and compare those moves to the gold moves. What ever happens in gold is really what is happening to the dollar, just compare thos two to euro/usd.

???^^

I will take a long vacation it seems , no more entries for me, on weekly we're still in the upwards channel and it might hit 1220 support, if it brakes that we might have some surprises (but i doubt it) the thing is i don't see any S/R at the level we are right now (1317)n only a psychological support @1300

yip and eu going down
so we start selling

have a nice we bro, 1312 next S lvl

Hi Fawaol

do u reckon 1311 as strong support. i was planning to go long there with sl around 1309

Kind of makes me think there is really only one price, the dollar price.

Never add to a loosy position....So i do it to.....

Don't worry it's just a game!

Rephrasing Shakespear (and Gandolf):

"If we win it will be the end, if we lost we will face another task"

That is about me !!!!
))))))))))))))))))))))))))))))))))))))))))))))))))))))))))