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

  • #6,101
  • May 9, 2011 8:48am May 9, 2011 8:48am
Quoting LasVahGoose
You're an idiot if you think the metals were in a bubble and has now burst.
Here is the back up and proof!
  • #6,102
  • May 9, 2011 8:50am May 9, 2011 8:50am
Same old BS - about how he did this and said that.
Quoting six gun
LOL
I have no idea what he is saying but I must have agreed with you at some point.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,103
  • May 9, 2011 8:54am May 9, 2011 8:54am
1518 is the next target...
  • #6,104
  • May 9, 2011 8:57am May 9, 2011 8:57am
Quoting XTrade
Same old BS - about how he did this and said that.
Haha you must be angry since some began adding to their longs a bit earlier in 1460 and now are sitting on profit
  • #6,105
  • May 9, 2011 8:57am May 9, 2011 8:57am
These are not your words.
Is this a joke?

You know exactly what I am referring to.

Now, I will remind you, and anyone else interested, if you make it onto my ignore list you can't post.

Thus that would be vacation one.

Quoting Fmfx
Here is the back up and proof!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,106
  • May 9, 2011 9:00am May 9, 2011 9:00am
Honestly what the f#$k are you talking about?
Are you a teenager?

Warning 2.
I have already wasted enough time and space on this topic.
3 =s a vacation. Good Luck.
X-



Quoting Fmfx
Haha you must be angry since some began adding to their longs a bit earlier in 1460 and now are sitting on profit
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,107
  • May 9, 2011 9:04am May 9, 2011 9:04am
Trapped between 1507/8 and 1500 appx right now.

If 1500 goes there is immediate support at 1496.

-----------------------------------------------------

Silver has created somewhat of a floor in the 34.75 area currently trading at 36.77

Indian buying season is in full swing and the Chinese are rumored to be buying loads of physical silver -- looking for article
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,108
  • May 9, 2011 9:08am May 9, 2011 9:08am
calm blue oceans guys. as long as we are making money
  • #6,109
  • May 9, 2011 9:29am May 9, 2011 9:29am
USD looks to be strengthening against majors as the morning picks up a bit.

AUD / USD shed half last nights gains and is just sort of sitting around
1.0700

Not much in the way of news today. So back to the charts.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,110
  • May 9, 2011 9:30am May 9, 2011 9:30am
Quoting XTrade
This would be xpressed as such

1503 to 1505 = 2.00 USD OR 200 pips

Each USD = 100 pips.
Yeah i thought that was the correct way, but i alway count a 1$ move as 10 pips for the sake of keeping trading records. if not the results could look crazy. just my way..
  • #6,111
  • May 9, 2011 9:42am May 9, 2011 9:42am
guys i can understand one thing why is the dollar and metals both moving up today ???
MMMYYYKKK
  • #6,112
  • May 9, 2011 9:47am May 9, 2011 9:47am
The USD and Gold no longer share the strict inverse correlation they once did.

There are far more factors driving the price of Gold today than in the days of old when it was Dollar up Gold down and vice versa.

Thus, don't expect Gold to fall just because the USD strengthens against the Euro.

Prime example. Last year when the Euro was diving in free fall the dollar was rising, yet, the Europeans were buying gold for protection from the falling Euro..

Make sense?
Quoting myk
guys i can understand one thing why is the dollar and metals both moving up today ???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,113
  • May 9, 2011 9:54am May 9, 2011 9:54am
Gold's Resilience Supported by Central Bank Purchases
"Gold extended gains above 1500 with the benchmark Comex contract rising to a 2-day high of 1510.7. While bargain-hunting was seen across the complex after the selloff last week, gold trading has been particularly resilient since last Friday. Indeed, gold is also viewed as a safe asset as sovereign debt conditions in the European periphery returned to focus. Apart from debt problems in the 17-nation region, the US is facing huge deficit problems, triggering reserve managers to diversify away from USD holdings. This offers another opportunity for gold.

At unveiled in the official website, South Africa's central bank increased gold reserves by $421M, or +4.15% m/m, to $6.18B in April. Gross reserve climbed +2.70% m/m to $50.60B. ............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,114
  • May 9, 2011 9:58am May 9, 2011 9:58am
http://www.zerohedge.com/article/spr...lver-inventory
  • #6,115
  • May 9, 2011 10:12am May 9, 2011 10:12am
Quoting XTrade
Trapped between 1507/8 and 1500 appx right now.

If 1500 goes there is immediate support at 1496.

-----------------------------------------------------

Silver has created somewhat of a floor in the 34.75 area currently trading at 36.77

Indian buying season is in full swing and the Chinese are rumored to be buying loads of physical silver -- looking for article
http://www.zerohedge.com/article/chi...lver-overnight
  • #6,116
  • May 9, 2011 10:18am May 9, 2011 10:18am
X Trade........do u have any idea of offline MA crossover alert provider for gold and silver on 15 min and 60 min time frame by email or SMS . I cant keep my terminal ON for 24 hrs, so no use of any EA based alert.
  • #6,117
  • May 9, 2011 10:56am May 9, 2011 10:56am
waiting for breakout.............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,118
  • May 9, 2011 11:00am May 9, 2011 11:00am
what kind of broker are you using? Do you have a smartphone?

As someone else mentioned I think you can set up an EA on an MT4 broker that will alert you. If the terminal is off it may still.

And what are the MA's that you are looking for to cross? on H1?

M15 is very choppy and I personally wouldnt trust a crossover system on this timeframe.

Quoting balanisuresh
X Trade........do u have any idea of offline MA crossover alert provider for gold and silver on 15 min and 60 min time frame by email or SMS . I cant keep my terminal ON for 24 hrs, so no use of any EA based alert.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,119
  • May 9, 2011 11:31am May 9, 2011 11:31am
Quoting XTrade
The USD and Gold no longer share the strict inverse correlation they once did.

There are far more factors driving the price of Gold today than in the days of old when it was Dollar up Gold down and vice versa.

Thus, don't expect Gold to fall just because the USD strengthens against the Euro.

Prime example. Last year when the Euro was diving in free fall the dollar was rising, yet, the Europeans were buying gold for protection from the falling Euro..

Make sense?
Yea you are right thx bro
MMMYYYKKK
  • #6,120
  • May 9, 2011 11:34am May 9, 2011 11:34am
Quoting XTrade
waiting for breakout.............
Are you looking for a break upwards or downwards ? thx
MMMYYYKKK
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