The Black Swan: The Impact of the Highly Improbable
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #3,468
- Mar 11, 2011 12:35pm Mar 11, 2011 12:35pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Closing in on 1421 - 1416 toasted easily as it was minor. Next resistance
comes in at 1425.
Thus 1405 long is $15 USD in PROFIT and counting.
What are you talking about? A bunch of us here are making money.
As far as those who don't trade gold or just like to think they are going to call
a "reversal" on a 10 year bull run keep dreaming. It doesn't happen over night. If that is what you are referring to.
I AGREE. One person was banned already from the thread for constant punting and no backup while we made new record highs he was selling.
comes in at 1425.
Thus 1405 long is $15 USD in PROFIT and counting.
I cashed in my other longs and was flat. Yesterday I decided to buy around levels we are at now.
1405 triggered and 1412.
Minor resistance for "right now" comes in at 1416/17 area.
Seems as though support area 1400 / 1405 intact for now.
If it breaks buys set for 1380
As far as those who don't trade gold or just like to think they are going to call
a "reversal" on a 10 year bull run keep dreaming. It doesn't happen over night. If that is what you are referring to.
I AGREE. One person was banned already from the thread for constant punting and no backup while we made new record highs he was selling.
So, who said GOLD was going down non-stop and was going to pass the 1400 barrier?
I tell anyone lurking on this post, to don't follow anyone here. Most people were proven wrong already. The week is ending.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,469
- Mar 11, 2011 12:40pm Mar 11, 2011 12:40pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,471
- Mar 11, 2011 12:55pm Mar 11, 2011 12:55pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
WOW 
A 2 USD count em one two DOLLAR day for silver!
back above 36. Daily pinbar.
A 2 USD count em one two DOLLAR day for silver!
back above 36. Daily pinbar.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,477
- Edited 4:27pm Mar 11, 2011 3:50pm | Edited 4:27pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
So inflation in the silver price is running at 100% in 6 months when real annual inflation is who knows these days 6%?
That is speculation and nothing to do with inflation. Although the cheap dollars washing around are giving the banks more gambling money to go and bet some more in the latest bubble.
Gold and Silver are also money, so they also need to be looked at a little differently from pork bellies or wheat or Lead.
My know nothing cousin asked last week if he should buy silver, that is good enough singal for me to be bearish
He may have heard the Buy Silver Crash JP Morgan campaign.
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #3,478
- Mar 11, 2011 4:25pm Mar 11, 2011 4:25pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
1. There is no deadline for them to break to new alltime highs. Unless did I miss the memo?
2. CNBC is clueless when we are or are not in a bubble. No great authority at all.
It's not that they are clueless, it is that they purposely misinform the masses. Not picking on CNBC either, just an example of Financial Media outlets in general. Is it a 100% contrarian indicator? Probably not, but something to be mindful of.
3. Try that in India.
Good point, there are countries that see that Gold has value and is part of their everyday culture.
4. I don't watch it but what about Glenn Beck's TV and radio shows and others hawking the stuff.
He's a sicko that is trying to take over the patriot movement in the US. Also the company that he is doing business with is ripping people off big time. Evil.
5.
June 2006 Time magazine puts on the front cover time to buy a home (or something like that) and many folks say June 2006 was the true Peak of the housing bubble. Not the first time magazine covers were late to the party.
6. But there are people having "Gold" parties at home for themselves and their neighbors to cash in their Gold to their nearest gold dealer.
Gold for Cash is something to be mindful of for sure. The really smart players will stop buying when it gets near the top. The real players in this business are smart, the not so smart players will keep buying at the peak.
Just sayin' there are always two ways to look at things. Do I think Gold won't go higher ..... soon? No. I think it will. But I will trade based on what the market is doing, not what I think it will/should do.
edit: not that you said "it will/should" - someone else did that.
True, tis what makes a market.
Don't wish it were easier, wish you were better. ~ Jim Rohn
