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

  • #2,021
  • Nov 15, 2010 8:29am Nov 15, 2010 8:29am
I wish for another "visit" to 1340, so i can add some more, before claiming back up to 1400...
  • #2,022
  • Nov 15, 2010 10:01am Nov 15, 2010 10:01am
Oil not particularly supportive of strong gold atm

EUR at day low. DXY broken above the OCT18th high of abtou 78.42


where to next?

some more consolidation first. Perhaps this will move by wed.

in a seasonallly strong period for aud, gold. and fundamentals resulting from QE still present.
I have no enemy; I make Incautiousness my Enemy.
  • #2,023
  • Nov 15, 2010 12:25pm Nov 15, 2010 12:25pm
Not much cooking today fellas....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,024
  • Nov 15, 2010 12:29pm Nov 15, 2010 12:29pm
True...maybe we'll have more action tomorrow, i'll close "the shop" for today.

See you guys tomorrow!
  • #2,025
  • Nov 15, 2010 12:37pm Nov 15, 2010 12:37pm
silver is today really quiet
  • #2,026
  • Nov 15, 2010 12:42pm Nov 15, 2010 12:42pm
silver decreased 10 % from the top of 29 $ . i hope that this 26 is the bottom. than it can increase steadily.
  • #2,027
  • Nov 15, 2010 2:14pm Nov 15, 2010 2:14pm
Quoting fammira
hi xtrade,

yes, I am still convinced that anything above 1300 is not a good long entry point on gold.
I know that markets can stay irrational for long, but we'll soon start talking about rate hikes in Europe and US.

Even before that, market next year will start focusing on growth again and probably USD will recover, several central banks won't need to diversify to face a weak dollar any longer, thus gold demand will decrease rapidly.

Now neither China is interested in the gold bubble, because though the country needs to diversify, it has to face...
hi fammira
whats your opinion about us qe and seul summit effects on gold prices in near future?
thanks in advance
  • #2,028
  • Nov 15, 2010 4:38pm Nov 15, 2010 4:38pm
Quoting Eren10
silver decreased 10 % from the top of 29 $ . i hope that this 26 is the bottom. than it can increase steadily.
Well silver is volatile... it could go back to 20 and this would be normal for the silver market. I remember silver at 16-17-18-19 just couple of months ago. Make your count and this is clearly more than 50% at 29$. Obviously the trend is up but as this continue, the more volatility can come in.
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,029
  • Nov 15, 2010 6:58pm Nov 15, 2010 6:58pm
We had a record "dollar +" move day in silver last week.

I am long Gold from 1359. We are at a so far respected shoot off H4 trendline,
from a looking to break 1375 in the near term,

yet will take some profits @ 1364....

Let's see how tonight is!

Going to check the news rack... be back soon..
X

Quoting Bootleger
Well silver is volatile... it could go back to 20 and this would be normal for the silver market. I remember silver at 16-17-18-19 just couple of months ago. Make your count and this is clearly more than 50% at 29$. Obviously the trend is up but as this continue, the more volatility can come in.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,030
  • Nov 15, 2010 7:00pm Nov 15, 2010 7:00pm
Although short term. Potential double "bottom" or double bounce off the TL formed on lower Time frames - ie: 15 and 30 minute.

edit: potential short term / minor resistance @ 1362.50
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,031
  • Nov 15, 2010 10:36pm Nov 15, 2010 10:36pm
Quoting riko2705
hi fammira
whats your opinion about us qe and seul summit effects on gold prices in near future?
thanks in advance
hi, G20 is the same old rethorical meeting, no impact on forex market

qe2 should be dollar bearish on the medium term, therefore buying EUR, GBP and gold could be good on this drop, but the feeling is that USD could have some more strenght on the short term so there could be better entry points that would not ruine the uptrend in risk currencies and gold, where correction could be bit stronger, I'd definitely be a buyer around 1315 - 1320 if it goes there
  • #2,032
  • Nov 16, 2010 4:25am Nov 16, 2010 4:25am
Quoting fammira
hi, G20 is the same old rethorical meeting, no impact on forex market

qe2 should be dollar bearish on the medium term, therefore buying EUR, GBP and gold could be good on this drop, but the feeling is that USD could have some more strenght on the short term so there could be better entry points that would not ruine the uptrend in risk currencies and gold, where correction could be bit stronger, I'd definitely be a buyer around 1315 - 1320 if it goes there
thank you
  • #2,033
  • Nov 16, 2010 8:36am Nov 16, 2010 8:36am
Waiting 1326.00 for long ........
  • #2,034
  • Nov 16, 2010 10:23am Nov 16, 2010 10:23am
Quoting Hazarder
Waiting 1326.00 for long ........
even 1326 looks to dangerous now, because a lot people are talking about gold bubble. and the increasing dollar has also decreasing effect.

mine silver is also gone sl reached, traded even without watching to the charts, really stupid
  • #2,035
  • Nov 16, 2010 10:29am Nov 16, 2010 10:29am
http://www.marketwatch.com/story/gol...bex-2010-11-16

The CME Group, which owns Nymex, late Monday raised margin requirements for its most popular gold, silver, platinum and palladium futures contracts.

For the 100-ounce gold contract, the most popular, initial and maintenance requirements rose 5.9%.
Silver maintenance requirements increased nearly 12%, while silver initial requirement rose 11.5%.
The increases come a week before investors will have to choose to roll over their contracts to February or March or take delivery. Some may choose not to put up more money and liquidate their positions.
“It’s going to be shoot first and ask questions later,” said George Gero, senior vice president at RBC Wealth Management in New York.
I have no enemy; I make Incautiousness my Enemy.
  • #2,036
  • Nov 16, 2010 10:47am Nov 16, 2010 10:47am
for Gold on H1 graph the decreasing trend can be seen. maybe after 1329 can be increase a bit. but it is in decreasing channel
  • #2,037
  • Nov 16, 2010 10:48am Nov 16, 2010 10:48am
how;s it going in here.

gold looking week today. USD up across the board. Scalping short. stopped out of last position
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,038
  • Nov 16, 2010 10:54am Nov 16, 2010 10:54am
looking for a pop north for a couple pips.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,039
  • Nov 16, 2010 11:39am Nov 16, 2010 11:39am
seems to be a pause here at daily 55ema which is near the 38.2%fib from H1427:L1159.9
I have no enemy; I make Incautiousness my Enemy.
  • #2,040
  • Nov 16, 2010 12:12pm Nov 16, 2010 12:12pm
back from 1330 to 1337... is 1325 going to resist ?
US Dollar is trash... Get out of that Ponzi scheme !!!
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