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

  • #8,321
  • Jul 23, 2011 11:17am Jul 23, 2011 11:17am
Why would I mind you posting? Post away! Nice charts and analysis are always welcome

Welcome, stop by anytime you like.
X
Quoting jezek5
Almost a breakout to the top side but being Friday
i guess that was looking for to much,my guess is it
was mostly shorts getting out due to no follow through
to the downside.
Nice strong bullish outside bar on the daily with a close in line with
highest close recorded makes me still bullish on this.
Hi XTrade,hope you don't mind me posting ,really nice place you've got here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,322
  • Edited 12:44pm Jul 23, 2011 11:18am | Edited 12:44pm
US NATIONAL DEBT " currently 11 trillion dollars as of March, 2009." THIS WAS iN 2009
In the lower left corner you will notice a little red spec. that is a person. And the rest is palettes of money.

http://www.pagetutor.com/trillion/pa...10000_x_11.jpg
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,323
  • Jul 23, 2011 12:30pm Jul 23, 2011 12:30pm
Great link for visual of the debt, sorta the same thing Xtrade just posted.

http://www.wtfnoway.com/
  • #8,324
  • Jul 23, 2011 12:43pm Jul 23, 2011 12:43pm
Sure looks like a bullish flag to me.

Quoting Bemac
What is this I see before me?
Opportunuity & a Poss New High.
Am I Wrong?
Maybe. That's a Truth on every Trade I ever accepted or bullied.
This one Might be the Crime of the Century.
If this goes north... Start saving Water.
Attachment

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,325
  • Jul 23, 2011 1:03pm Jul 23, 2011 1:03pm
This is A FUN ONE TOO.

http://www.usdebtclock.org/

The "Debt Clock"

Quoting M504
Great link for visual of the debt, sorta the same thing Xtrade just posted.

http://www.wtfnoway.com/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,326
  • Edited 8:39pm Jul 23, 2011 8:21pm | Edited 8:39pm
I don't understand the point of a visual representation when we can all( for the most part ) read.
It is like seeing a diagram of the entire population next to the debt divided by their amount.
(300 million people standing next to one persons debt)
Quoting XTrade
US NATIONAL DEBT " currently 11 trillion dollars as of March, 2009." THIS WAS iN 2009
In the lower left corner you will notice a little red spec. that is a person. And the rest is palettes of money.

http://www.pagetutor.com/trillion/pa...10000_x_11.jpg
  • #8,327
  • Edited 12:46am Jul 24, 2011 12:23am | Edited 12:46am
You or I will NEVER see 10 trillion plus dollars in our lifetime. IN USD that is.
Do you have any idea how many cubic Feet/Yards/ or Meters that is?
How many trees?

The word "TRILLION" and "multiple billions" of debt etc. are thrown around as if they bear no meaning. The idea of the visual is to SHOW what is actually being discussed.

Furthermore, the industry in which we trade FOREX has a (or the real non retail market) a PLUS TRILLION DOLLAR a day turn. That is an ass load of money bub.

A picture is worth a 1000 words, or in this case trillions.
Don't get it, don't know what ta tell ya mate.

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

I saw a post of yours to loosely quote you
"gold market is all commercial" (wrong) "Look at a ten year Rhodium chart"

It's a commodity and the rarest of precious metals on the planet.
There are reasons, shall we start with, simple supply and demand, secondly, mine malfunctions, thirdly SPECULATION!!!

Here it is anyway.
http://www.kitco.com/LFgif/rd92-pres.gif

So what about the rhodium chart? Do you know why it was 10k at one point and now
Quoting GoldBear
I don't understand the point of a visual representation when we can all( for the most part ) read.
It is like seeing a diagram of the entire population next to the debt divided by their amount.
(300 million people standing next to one persons debt)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,328
  • Jul 24, 2011 11:25am Jul 24, 2011 11:25am
These are far better!

Quoting M504
Great link for visual of the debt, sorta the same thing Xtrade just posted.

http://www.wtfnoway.com/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,329
  • Jul 24, 2011 1:28pm Jul 24, 2011 1:28pm
Quoting XTrade
"gold market is all commercial" (wrong) "Look at a ten year Rhodium chart"

It's a commodity and the rarest of precious metals on the planet.
  • #8,330
  • Jul 24, 2011 1:50pm Jul 24, 2011 1:50pm
Quoting Tilf
Hi guys,

My first contribution here. Hope it is understandable. My technique is way traditional compared to this thread. I HATE candlesticks/bar chart (sorry if you love it). There is a lot of noise in there and it somehow confuses me more than anything.

Anyways, in the chart there is a pennant with a blue highlight...I call it the DEMAND ZONE.

Also there is a red color channel which is the SUPPLY ZONE.

If I am in buy I get cautious in that region and take profits there. Vice versa with the buy zone (although I rarely take short positions...
A lot of uncertainty now in the markets regarding the debt deal. Seems like US is heading towards default sooner than expected (hope not). Gold can easily climb past the selling channel based on no debt deal.
Trends I Love Finding
  • #8,331
  • Jul 24, 2011 2:24pm Jul 24, 2011 2:24pm
gold bear - the fundametals for gold are in the thread. suggest you save peoples' time by reading them. if you then have some points you wish to comment on, i'm sure there would be plenty of interest.....

beeb
  • #8,332
  • Jul 24, 2011 2:28pm Jul 24, 2011 2:28pm
If you do not have a handle on Gold's place in the Market...
Don't Trade it.

For .f..ks. Sake.... Did you think this was going to be a 'Walk in the Park'?
Get to Work or Get Out while you can.

Not intended as a Slam on Anyone. Just the Facts as I see them.

B
  • #8,333
  • Jul 24, 2011 2:58pm Jul 24, 2011 2:58pm
I didn't know I wasn't...
Quoting beeb
gold bear - the fundametals for gold are in the thread. suggest you save peoples' time by reading them. if you then have some points you wish to comment on, i'm sure there would be plenty of interest.....

beeb
  • #8,334
  • Jul 24, 2011 4:21pm Jul 24, 2011 4:21pm
Quoting Bemac
Somewhere near here.

Attachment Globe Agrees. This is a Shift.
OPPORTUNITYISNOWHERE
Yes we may see 1,550 again.


B
monthly close above 1551 and bias is up from my angle.
gold yearly breakout 1551
although silver ran her pattern already shes above yearly breakout 34.60 as gold is hers.
  • #8,335
  • Jul 24, 2011 5:12pm Jul 24, 2011 5:12pm
gold open @ new high.. wow
  • #8,336
  • Jul 24, 2011 5:23pm Jul 24, 2011 5:23pm
gold 1615 :|!!
  • #8,337
  • Jul 24, 2011 6:09pm Jul 24, 2011 6:09pm
Range BROKEN!!!!!!!!!!!

Breakout ! Uptrend Enforced 1700 HERE WE COME!!!

LOL I have to keep moving my index finger further and further over the numbers to get the price right!

IT LOOKS LIKE SOME SHORT STOPS JUST GOT RAN... Sorry Bears.
Attached Image (click to enlarge)
Click to Enlarge Name: gold breakout.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,338
  • Jul 24, 2011 6:19pm Jul 24, 2011 6:19pm
Gold could continue to rise towards 1,620-35 before stalling.
Monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: gld.png Size: 23 KB
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #8,339
  • Jul 24, 2011 6:20pm Jul 24, 2011 6:20pm
im surprised the mighty silver hasnt had a run at 41 yet

seems quiet
  • #8,340
  • Jul 24, 2011 7:14pm Jul 24, 2011 7:14pm
Quoting Bemac
Somewhere near here.

Attachment Globe Agrees. This is a Shift.
OPPORTUNITYISNOWHERE
Yes we may see 1,550 again.
I personally (atm) see 1,50 Gold the same way I see $1.15 / Gallon gasoline.
GONE. I thiknk that this may be a channel SOUTH. To relieve some presure.
My BULL has been Sated.
Let's Mix it up from here.


B
Nicce, but doesn't feel right.
Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold weekly 24 july.gif Size: 42 KB

Won't wipe a Drop to 1,590 from my cards just yet.
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