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

  • #2,921
  • Feb 16, 2011 1:02pm Feb 16, 2011 1:02pm
Well there's always another trade out there......

Here's one of the things I'm looking at. 20min GC Modified Schiff from Jan 27 low......the Median Line and the Lower Parallel holding price for the moment....

beeb
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  • #2,922
  • Feb 16, 2011 1:15pm Feb 16, 2011 1:15pm
Quoting lilpip
key areas, will we continue with trend, break and head towards monthly highs or rotate back to 1357 monthly trend guide or weekly 1343-45 ?
first, lets see how 1367-69 area responds.

projected weekly highs areas reached on gold, silver, also u/j 84.00 area and e/u weekly lows 3440 reached.
as long as were above monthly trend guide, quarterly and yearly it spells bulls to me. Lets see if she can breakout of this 1374-75 area.

keep buying that physical silver.

http://kingworldnews.com/kingworldne...New_Highs.html
  • #2,923
  • Feb 16, 2011 1:30pm Feb 16, 2011 1:30pm
I think you're right there lilpip - I find silver is just nuts to trade, but definitely one to accumulate......
  • #2,924
  • Feb 16, 2011 1:36pm Feb 16, 2011 1:36pm
AUD JUST tested the broken triangle and pushed up another 40 pips!!!!!

Swissy dumping again!! whooohooo
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,925
  • Feb 17, 2011 5:36am Feb 17, 2011 5:36am
Guys,

I was checking the D1 chart. The price action in February is a mystery to me - it has the same volatility as the holiday months ! It can't be. This is ruining my profits.

I see the same behavior from 2010 repeating now. After a 3-months consolidation period between May and July, where we had 2 peaks, there was a 2-months rally with extremely low volatility, as if a vacuum cleaner were slowly sucking all gold from the market.

Between Oct 2010 and Jan 2011 we had a consolidation period with 4 peaks. And again a rally with low volatility started.

If the history repeats, we will have a straight move up in the next 45-60 days. Target: 1450? 1500?

My 2 cents.
"The reason I was born and came into the world is to testify to the truth."
  • #2,926
  • Feb 17, 2011 5:47am Feb 17, 2011 5:47am
It's an interesting point but I must admit I don't put too much credence in the "fractal" view of markets...
I find the reaction off the 150 day MA since early 2009 far more convincing for the bullish view.......

beeb
  • #2,927
  • Feb 17, 2011 7:19am Feb 17, 2011 7:19am
http://www.zerohedge.com/article/sur...cious%E2%80%9D
  • #2,928
  • Feb 17, 2011 7:28am Feb 17, 2011 7:28am
Off-topic: will NBC broadcast live the Bernanke report today, if not where can i watch it? Thanks
  • #2,929
  • Feb 17, 2011 7:35am Feb 17, 2011 7:35am
Quoting XTrade
I had a resting order to sell USD CHF and it was on the ask chart not the bid,


it didn't get lifted cause of the DAMN 2 pip difference and what would have been a gross 240 pip trade turned into a 30 pip trade.

Needless to say I am pissed.....

But what can you do.

I love these type of days. All the major moves
done within 3 hours.

Oh btw knockin on 1380's door now!!!!!!!!
Oh yes we are knocking at that door right now !! Bulls are there
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,930
  • Feb 17, 2011 7:48am Feb 17, 2011 7:48am
Silver 15 cents away from 31 bucks and gold now at 1382, let's go baby
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,931
  • Feb 17, 2011 8:10am Feb 17, 2011 8:10am
Quoting musclemike
Off-topic: will NBC broadcast live the Bernanke report today, if not where can i watch it? Thanks
I saw many live broadcasts on CNBC, so I'm quite sure they will show it today. At least pieces of them.
"The reason I was born and came into the world is to testify to the truth."
  • #2,932
  • Feb 17, 2011 8:19am Feb 17, 2011 8:19am
Quoting beeb
It's an interesting point but I must admit I don't put too much credence in the "fractal" view of markets...
I find the reaction off the 150 day MA since early 2009 far more convincing for the bullish view.......
"Fractal"? I didn't know about such a beautiful term

Anyway, it's just "speculation" from my side, but it looks quite interesting. And the price action is slowing giving me hope of closing my longs at 1400 without having to scalp them. We just crossed above 1380, that's good. I even added 2 more ounces long @1377.
"The reason I was born and came into the world is to testify to the truth."
  • #2,933
  • Feb 17, 2011 8:22am Feb 17, 2011 8:22am
WGC: 2010 First Full Year That Central Banks Were Net Buyers Of Gold In Two Decades

During 2010, the world’s central banks bought 87 metric tons of gold more than they sold.


This is far below the average of 400 to 500 tons per year of official-sector sales from 1989 to 2007, said the report. This tally dropped by roughly half in 2008, before plummeting further to sales of 30 metric tons for the full year 2009.

http://www.kitco.com/reports/KitcoNe...S_WGC_No2.html
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,934
  • Feb 17, 2011 8:25am Feb 17, 2011 8:25am
harvest3r you may find this interesting - i did the free trial a couple of years ago and found it unhelpful as I thought he was always right AFTER the event.....


http://www.fractalmarketreport.com/index.php

DISCLOSURE: no connection etc etc

beeb
  • #2,935
  • Feb 17, 2011 10:54am Feb 17, 2011 10:54am
Nice...

Inserted Video
"The reason I was born and came into the world is to testify to the truth."
  • #2,936
  • Feb 17, 2011 11:13am Feb 17, 2011 11:13am
Quoting harvest3r
Nice...

http://www.youtube.com/watch?v=HgU7HEBGtG4
Its no all time high
Never whishing, always trading.
  • #2,937
  • Feb 17, 2011 11:13am Feb 17, 2011 11:13am
Silver not losing strength at all... now at 31.30 !!! BOOM
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,938
  • Feb 17, 2011 11:15am Feb 17, 2011 11:15am
gold trade looking good, nice healthy up trend. will be moving to BE soon(1363) first target 89.
  • #2,939
  • Feb 17, 2011 11:32am Feb 17, 2011 11:32am
Quoting Hova
Its no all time high
oh, come on, don't be so picky! You understood what I meant

But you are right. We cannot remove that 1979-1980 scheme from the records...
"The reason I was born and came into the world is to testify to the truth."
  • #2,940
  • Feb 17, 2011 11:40am Feb 17, 2011 11:40am
Quoting harvest3r
oh, come on, don't be so picky! You understood what I meant

But you are right. We cannot remove that 1979-1980 scheme from the records...
Sure i did, but i think its important to know
Never whishing, always trading.
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