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

Quoting XTrade

That's fine if you are not a part of that camp, yet I still contend there is more money to be made buying Gold than shorting. Thus, I don't waste much time with shorts unless I am scalping.
for those who read this post by XT (thanks to put it much better than I have, sweety!):

Trust me it works. scalping. leverage. ignorance. at the very right moments.
trading is my zen
Quoting bbakker
That is not a correction, but a full blown bear if you ask me. It seems that people have different definitions for corrections. A correction for me is to the previous swing low at $1475. If it breaks this swing low and prints further lows, then that is a bear market for me.

Update: Maybe not a bear market as it would still have the bull trendline in its way if it broke down below $1475. But, if it then breaks the trendline...

Still would like to know your entries for buying and if you use a stop loss or not, because it is such a strong bull...
Excuse me. I haven't read All Posts over the last 24 Hrs or so but This one ... Well... It stirred me.
1,550. 1,514. 1,500. THEN Possibly 1,475.

B
Quoting lilpip
although its not a given to continue up as its common to extend out to quarterly highs and rotate back.
bias is with the trend, up from yearly break at 1551 area.
Mondays trend guide up from 1575
daily
1609-13
1575
1548

mon.daily
40.05-30
37.30-75
35.49
bias is still up from pivots this week.
daily close above silvers monthly pivot (38.91) is noted.
Hi folks, I am Ben(Binyamin is my jewish name), I have been trading gold and silver too for quite sometime but only with trend following systems. Anyway, here is an article y'all might be interested in reading. Perhaps some of you that are experienced with the fundies can prognosticate from it.

http://www.prisonplanet.com/18-signs...the-water.html

PS: If I shouldn't post links in this thread please let me know.

I also like most of you believe that precious metals and commodities are in a strong bull.

Thanks.
Riding the order flow
It is clear that people can't read and in all honestly I couldn't give a fcuk what people think these days on FF.


If you look at the chart that I posted in more detail, you will see my lines where I said price would bounce. Here is a reminder of my chart that I posted earlier -


Attached Image (click to enlarge)
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All this fcuking slamming is doing my nut in and my participation on this forum was already dwindling. So I would like to thank you all from the heart of my bottom, for giving me plenty of reasons as to why I should stop participating in threads like this.

Attached Image
http://www.reuters.com/article/2011/...76J1FL20110720


" About two-thirds of China's reserves are estimated to be invested in dollar assets, ranking Beijing as the biggest creditor to the United States.

While China is keen to cut its reliance on the dollar by investing its reserves in other assets, its currency regulator acknowledged the crucial role of Treasuries by saying it is "an important investment product for both U.S. domestic and international institutional investors." "
trading is my zen
Quoting USD-Bear
There are a few fundamental flaws in your arguments imo beeb.
Here in Holland we have a saying "Nobody is getting poor by taking profit".
My view is that if you proclame this constantly in investments everyone is getting poor by taken profit. The reason is that it is very likely that re-investing will not result in such successful investments and finally and in gathering cheap rubbish which is not good.
So I agree on your 20% ten year success story if it would be a stock where intrinsic value is being build (higher cash-flow, buying other companies...
Do you realise a ponzi scheme consists of betraying investors by letting them think the company has assets it does not have. There is nobody out there claiming to have a gold mine that does not exist.

Gold is a finite resource and the paper money you use is made from material which grow on trees, There has been a bubble in terms of dollars in circulation and gold has only risen to reflect that.

Gold is just inflation proof money. any currency you want to use comes off a printing press at an alarming rate and so prices of commodities like gold will always cost more in the long term.
My friends, I think we all agree that the discussion here has generated excellent profits.

What seems we all agree is that the gold bull is a huge, lomge that this be stopped. But the times as he tired, have a nap, take a breath to continue. In these charts we see small bulls and bears fighting.

The gold values ​​over time, it is a quality economic, natural, just as an object of art is valued over time.

The falls are small or prominent, but bring in good profits. My son will gain a better gift because of the fall of gold from 1600 to 1590, reaching 1550, my wife gets a new purse or a set of MAC makeup ... With 1500 I get a new watch.

Profits are small, because we know that the bull will continue their long journey, but small profits consistently make all the difference.

I ask for a license to a proud father, is the one year anniversary of my son, now 2 August.
Come to the US and say hello! You can pick up some American Silver Eagles!

Quoting Bemac
I like this Thread but the Streams & Rivers of North America are calling.

Out for a bit.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Yes China also owns a slew of our debt!

Quoting ShirleyLo
http://www.reuters.com/article/2011/...76J1FL20110720


" About two-thirds of China's reserves are estimated to be invested in dollar assets, ranking Beijing as the biggest creditor to the United States.

While China is keen to cut its reliance on the dollar by investing its reserves in other assets, its currency regulator acknowledged the crucial role of Treasuries by saying it is "an important investment product for both U.S. domestic and international institutional investors." "
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Looks like the dip may test H4 50 sma...

appx there now - area around 1580 / 75
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Glad to see your coming here has proven fruitful.
G/L


Quoting Albedo
My friends, I think we all agree that the discussion here has generated excellent profits.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
why you in bullish any big reason you have
Quoting XTrade
Yes China also owns a slew of our debt!
LOL well yes! I'm off overseas tomorrow, bought a heap lot of USD at low price

Remember though, any intervention on USD might means sharp down for gold...simply.
trading is my zen
any one have idea is the future trading like wheat corn cotton sugar technical same as gold and forex pair? have any one experience for these future pairs so please guide me i m looking very hardly these pairs for a last month
Trading by EA
Quoting mmudasir
any one have idea is the future trading like wheat corn cotton sugar technical same as gold and forex pair? have any one experience for these future pairs so please guide me i m looking very hardly these pairs for a last month
gold is not enuf for you?!!
trading is my zen
Quoting ShirleyLo
gold is not enuf for you?!!
NO
Trading by EA
I am by no means an expert on Elliot Wave Theory but here, I will attempt to do a wave count on Silver. It seems that the correction for silver is over ( 12345 up wave, followed by abc correction). It will be followed by the next up wave of silver.

I missed the entry at point C. The next point at which I will enter silver is at the first pullback.
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Quoting Albedo

The falls are small or prominent, but bring in good profits. My son will gain a better gift because of the fall of gold from 1600 to 1590, reaching 1550, my wife gets a new purse or a set of MAC makeup ... With 1500 I get a new watch.
YES, got my Kelly bag from gold too! YAY!!!

YIKES fundamental update (me no like when fundamentals mess up charts)

"It’s Eurozone Showtime, Top Leaders Meet to Discuss Debt Crisis"

http://www.google.com/hostednews/ap/...5065d7b387c638
trading is my zen
1600 becomes ressistance...hopefully...waiting for another 40-50$ dip to add more long...
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