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

  • #7,241
  • Jun 17, 2011 5:55am Jun 17, 2011 5:55am
Quoting mmudasir
today we will see to break 1540 and further
why do u say that ? what is ur prognosis ?
  • #7,242
  • Jun 17, 2011 6:08am Jun 17, 2011 6:08am
Quoting TheArcher
why do u say that ? what is ur prognosis ?
reasonis my chart and technical analysis
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  • #7,243
  • Jun 17, 2011 8:50am Jun 17, 2011 8:50am
Quoting mmudasir
reasonis my chart and technical analysis
Nice read!
  • #7,244
  • Jun 17, 2011 10:02am Jun 17, 2011 10:02am
Quoting mmudasir
today we will see to break 1540 and further now at 1526
Not sure 'Yet' about the "Further" bit but I concur with 1,540.00
Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold 15 min jun 16.gif Size: 39 KB


B
  • #7,245
  • Jun 17, 2011 10:35am Jun 17, 2011 10:35am
Quoting Bemac
Not sure 'Yet' about the "Further" bit but I concur with 1,540.00
Attachment

B
not a strong signal but it pointing to 1551 now it is 1540
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  • #7,246
  • Edited 11:39am Jun 17, 2011 10:44am | Edited 11:39am
Quoting mmudasir
not a strong signal but it pointing to 1551 now it is 1540
My Daily Chart suggests that if the Ceiling @ 1,548 Breaks, 1,555.xx is the Target.

Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold daily jun 16.gif Size: 40 KB


B
  • #7,247
  • Jun 17, 2011 11:16am Jun 17, 2011 11:16am
Quoting Bemac
My Daily Chart suggests that if the Ceiling @ 1,48 Breaks, 1,555.xx is the Target.

Attachment

B
I concur (a little humour me thinks). Technically, who could argue with this?

Whilst we continue to have negative real interest rates, then expect gold and silver to go much higher (along with all other commodities).

Unfortunately, and I don't say this with any relish, America has become a police state. Where have all the freedoms and civil liberties gone? The constitution of America should have been protected by the people for the people. Instead, America is run and controlled by a few very powerful elite, as the torch passes again from Britain to America to now Asia. Who ever thought inflation was caused by supply and demand. Inflation is CAUSED by the corrupt fractional reserve system and by the massive amounts of "quantitative inflation" being conjured up (digitally) by the press of a private for profit cartel button. America, in effect, is exporting it's inflation to the rest of the world through it's reserve currency, protected at all cost by it's military. There can be no austerity when it comes to the military.

Yes, it is true. America is becoming like ancient Rome. How very apt.

This means all paper currencies (fiat) are in a downward spiral (some more than others).

I wonder when the good American people are going to wake up and hold on to the very values that were founded in the constitution?

I guess it is too late. By 2016 we will witness the horendous outcome as good people do nothing and the elite bail out.

End of rant.

KR
  • #7,248
  • Jun 17, 2011 11:19am Jun 17, 2011 11:19am
Quoting Bemac
My Daily Chart suggests that if the Ceiling @ 1,48 Breaks, 1,555.xx is the Target.

Attachment

B
let see what will hapen
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  • #7,249
  • Jun 17, 2011 11:23am Jun 17, 2011 11:23am
Quoting Knight Rider
I concur (a little humour me thinks). Technically, who could argue with this?

Whilst we continue to have negative real interest rates, then expect gold and silver to go much higher (along with all other commodities).

Unfortunately, and I don't say this with any relish, America has become a police state. Where have all the freedoms and civil liberties gone? The constitution of America should have been protected by the people for the people. Instead, America is run and controlled by a few very powerful elite, as the torch passes again from Britain...
p.s. I'm still in that euro trade. Took an hourly dibs at 9am GMT today for VERY limited risk (rarely do I play this particular trade). I wonder how long this will run with a trailing stop loss?
  • #7,250
  • Jun 17, 2011 11:27am Jun 17, 2011 11:27am
http://www.kitco.com/reports/KitcoNe...616AS_CME.html
  • #7,251
  • Jun 17, 2011 11:50am Jun 17, 2011 11:50am
Quoting alex_a_342
http://www.kitco.com/reports/KitcoNe...616AS_CME.html
That's Huge. Consider how much more Gold that lets the Big Boys get involved in.{interesting that they got the two most popular Small Cap Trader Indicies involved too}

Not Sure whether "They" are about to Short the Gold Market to give it an enema but If they Add To Longs... "Ground Control to Major Tom..."
They wont Play it in a Day. Step cautiously & try to read them. There will be a "Setup" before they launch.

B
  • #7,252
  • Jun 17, 2011 11:52am Jun 17, 2011 11:52am
Quoting alex_a_342
http://www.kitco.com/reports/KitcoNe...616AS_CME.html
This was expected and is a positve for this discussion group, me thinks.

I would like to comment on stocks in this thread, if this is okay with the wider community?

IMHO stocks are not the same as trading commodities. If you want to trade commodities, then imho I would suggest reading Gann ("How to..."). The wise amongst you will understand how these principles relate to modern day trading and how history does indeed play a critical role in trading today.

With stocks (not commodities), I would suggest a good strategy would be too buy low and sell high "relatively" according to a proven strategy which (I might add) only works in a cyclical bull market. One might want to look at a certain indicator (normally I hate indicators) to discover how you could plot a stock's relative performance over at least ten years. Then (as the adage goes) you buy low and sell high - RELATIVELY.

Corrections in a bull market (up trend, higher highs) are a great thing, are they not?

Good luck.

KR
giving back to the forex community.
  • #7,253
  • Jun 17, 2011 11:55am Jun 17, 2011 11:55am
I'm closing All My Long Gold Positions Right Now.

I suspect I can replenish them on (Sun)Monday @~ 1,500.xx
If I'm Wrong, I'll get back in around Even.

B
  • #7,254
  • Jun 17, 2011 12:06pm Jun 17, 2011 12:06pm
Quoting Knight Rider
I concur (a little humour me thinks). Technically, who could argue with this?

Whilst we continue to have negative real interest rates, then expect gold and silver to go much higher (along with all other commodities).

Unfortunately, and I don't say this with any relish, America has become a police state. Where have all the freedoms and civil liberties gone? The constitution of America should have been protected by the people for the people. Instead, America is run and controlled by a few very powerful elite, as the torch passes again from Britain...
Sorry. The title of this thread was meant to be "Gladiator". I got distracted in humour. Are we not "Gladiators" when we enter our trades? The real reason behind this very apt title was to do with the film. The final words of his admirer, as he lay quite dead on the ground, should ring true to a few of you Americans. Sadly, food stamps, tv and the latest celebrities' shortcomings distract and program the many - just as the "Gladiator" entertainment distracted the masses in ancient Rome.

KR
  • #7,255
  • Jun 17, 2011 12:42pm Jun 17, 2011 12:42pm
http://www.screencast.com/t/LL15mT1m

240min GC still behaving well. For the bullish case would like to see a close over the UP which would then allow price to have a go at the yellow SP and UP next week....

beeb
  • #7,256
  • Jun 17, 2011 1:23pm Jun 17, 2011 1:23pm
Hi guys,
Hope you dont mind me posting this question here.

If my broker lists the spread as 50 (the first post tells me that it means 50cents), does that mean the total cost will be 50 cents or is it 50 cents per.....'something'?

Hope that makes sense. Thanks in advance.
  • #7,257
  • Jun 17, 2011 1:48pm Jun 17, 2011 1:48pm
Quoting Forexable
Hi guys,
Hope you dont mind me posting this question here.

If my broker lists the spread as 50 (the first post tells me that it means 50cents), does that mean the total cost will be 50 cents or is it 50 cents per.....'something'?

Hope that makes sense. Thanks in advance.
ask your broker (it's why they have help desks).....anything else is a guess.

beeb
  • #7,258
  • Jun 17, 2011 1:56pm Jun 17, 2011 1:56pm
Happy Friday everyone. Been trading a bit light this week or just out of some currencies.

Still alive on Gold and silver and they are poised to close out the rest of the week (Comex closed) "spot" week higher.

Perhaps we are in for renewed strength next week..

Current.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,259
  • Jun 17, 2011 2:09pm Jun 17, 2011 2:09pm
WHat do you mean?

The spread is 50 cents - Per lot, of what size you trade.


Let's say you are trading EUR USD and the spread is 2 pips for a standard 100,000 of currency lot.

That would make the pip value $10 USD per pip.

If you bought 10 standards your initial trade enter cost would be 10 x 10 so
you would be -100 OTB to take the trade. And each pip would make or break you 100 bucks.

With one standard it would be 10 bucks.

Same with Gold. One standard is 50 cents spread per lot. On a standard lot 100,000 USD worth of XAU that 50 cents then equals $50 Bucks

1 mini - 10,000 worth of XAU @ .50 cent spread = 5.00 USD

Multiply that by the lots.

NOT TO PICK ON YOU - BUT I HAVE ANSWERED THIS QUESTION MORE THAN 10 times IN THIS THREAD. READ OR SEARCH THE THREAD
Quoting Forexable
Hi guys,
Hope you dont mind me posting this question here.

If my broker lists the spread as 50 (the first post tells me that it means 50cents), does that mean the total cost will be 50 cents or is it 50 cents per.....'something'?

Hope that makes sense. Thanks in advance.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,260
  • Jun 17, 2011 2:16pm Jun 17, 2011 2:16pm
if it breach the resistance of 1540 which i didnt find it will break.it can go down to 1586 again first target.at this level go short with tak profit at least 1506 with stoploss 1546

xtrade are you agree with this??
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