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

  • #8,541
  • Aug 4, 2011 10:22pm Aug 4, 2011 10:22pm
Nice little dipperoo to buy.... Silver tooo


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

My brokerr is trading at a B I G F A T 0

Leverage XAU = 1600 for a MICRO
and
XAG = 400 USD for a MICRO
-------------------------------------------

RIDICULOUS - I can make far more trading physical.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,542
  • Aug 4, 2011 10:29pm Aug 4, 2011 10:29pm
That's day range trading, TILF YOU CAN DO BETTER THAN 10 BUX...........

Quoting Tilf

So overall I am still taking buys but only for $10-$15 max TP's.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,543
  • Aug 4, 2011 10:33pm Aug 4, 2011 10:33pm
H-

COME ON. The DOW just ERASED ALL THE GAINS FOR THE YEAR. Gold sheds not even 50 bucks after a due pullback to sma or TL and you are comparing the two? Nonsense.

The day gold sheds 500 is the day it is not a safe haven.

IT is actually QUITE the reverse and more bought than sold. In fact a pullback at these heights is normal. We could see further profit taking and fear to hold cash. Yet. These are just buying opps. Nothing more. Don't you think these people with all their hard earned money in 401ks WISH IT was in GOLD???

500 point meltdown on the dow.

Quoting highlander2
Well in my opinion, gold is not the safe haven that it is thought of as by many, often on bad days it falls just as hard as anything else on top of this I dont feel gold has "true value, if you want this then buy land. However just because i think this it doesnt mean Im right, its just my opinion.

At the end of the day gold is down and thats that, more sold than bought, and Like beeb says, NFP tomorrow, so people could be taking profits after what has been a good rally.

Anyways the markets are facinating at the moment, cant wait for NFP...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,544
  • Aug 4, 2011 10:42pm Aug 4, 2011 10:42pm
The US and the Eurozone and the Brits too have F'd things up royally.
so much so that they are basically on a razor's edge.

GOLD has no board of directors. it is coveted and has been for 5000+ years.
This will not stop.

Just watch the sparks fly when the NFP likely DUMPS tomorrow.

2 things will happen - Everything will sell off and the USD and Swissy may rise.
Or GOLD will break the hell out creaming 1700.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,545
  • Aug 5, 2011 12:33am Aug 5, 2011 12:33am
OK.
Here it is.

We'll Use 2003 as the point of investment.

Dow vs Gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold_shitty_dow_relation.GIF Size: 136 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,546
  • Aug 5, 2011 1:56am Aug 5, 2011 1:56am
Quoting beeb
Since your last comment here on 24th July - apart from a single word that meant nothing - gold has moved up $80 and not a peep from you. As soon as it moves down in the natural ebb and flow of the market, in a move that was telegraphed, you pop up again....

Sorry - you're on ignore from now on...

beeb
Thanks Boss,
Don't bother, just dock my pay and everyone else's who isn't posting within your time frames.
  • #8,547
  • Edited 3:38am Aug 5, 2011 2:39am | Edited 3:38am
Quoting GoldBear
Thanks Boss,
Don't bother, just dock my pay and everyone else's who isn't posting within your time frames.

I have no "time frames" - and you seem to have nothing to say:

1. You call yourself "GoldBear".
2. You don't seem to know why except for a confused comment that "I simply am bearish on gold based upon the baseline rate change of amongst all other commodities and gold hasn't just had a long session in USD but it's had a long session, in all currencies and in all economys."
3. Gold moves up and you disappear.
4. Gold moves down and instead of informative comments, charts or analysis, all we get is a snarky, self-satisfied, "told-you-so" type post.......

Forget it - on ignore....

beeb
  • #8,548
  • Aug 5, 2011 4:45am Aug 5, 2011 4:45am
Quoting jezek5
Silver looking like she's out of the gate,4 hr chart,
dotted line is the gate.
Refused at the gate,"bad girl",but look where the buying
came back in,right at my older breakout level,somebody
wants this stuff thats for sure.
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 20 KB
You can remain irrational longer than you can remain solvent.
  • #8,549
  • Aug 5, 2011 4:59am Aug 5, 2011 4:59am
Quoting XTrade
That's day range trading, TILF YOU CAN DO BETTER THAN 10 BUX...........
haha true but I'm not as good as you
Trends I Love Finding
  • #8,550
  • Aug 5, 2011 5:13am Aug 5, 2011 5:13am
Quoting Tilf
Here is the chart. If you follow the candlesticks breakout pattern then the target would have been 1688. For me the first target (green) was 1678ish and second (red) was 1681.60.

Chart 2: My short term buy targets with TP about 10-15$ for the nearest supports. I missed out on the 1640 buy as well
Missed out on both the buys. I am waiting for some consolidation here but it seems unlikely given NFP. If there is a better jobs report I might get to buy at 1640 (triple bottom) or 1630-35 area. Will see about that. I am looking at 1676 to be resistance until NFP.

Itching to take a short at 1676 with stop at ATH.

Added some previous similar patterns which ultimately led to ath.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 22 KB
Click to Enlarge Name: 2.gif Size: 23 KB
Click to Enlarge Name: 3.gif Size: 24 KB
Trends I Love Finding
  • #8,551
  • Aug 5, 2011 5:18am Aug 5, 2011 5:18am
Quoting Tilf
Xtrade hope you do not mind me asking this. Back in Aug 2007 gold had dipped to 640 (we never saw that since then). The reason was because portfolio managers were selling off gold to cover their losses on stocks.

I know the scenario is way different since then but I have been reading the news and a lot of the buyers have been portfolio managers from U.S and Europe.

Is it likely given the current crisis to see such a sell off? Not that I want to see one.
Well this did happen ultimately..for a single day. Short term markets flows. Long term trend is not violated until 1480.
Trends I Love Finding
  • #8,552
  • Aug 5, 2011 7:34am Aug 5, 2011 7:34am
The numbers came out good lol. Seems like it will remain sideways for some time before moving in one direction.
Trends I Love Finding
  • #8,553
  • Edited 8:35am Aug 5, 2011 8:11am | Edited 8:35am
Quoting Tilf
The numbers came out good lol. Seems like it will remain sideways for some time before moving in one direction.
bought at 1660. liquidated my loses as soon as the NFP came out. liquidated too early though. newbie mistake. could have liquidated it at a much less loss. got caught up in the intraday price action

anyways i guess gold is favored to go down this morning after a better than expected report on nfp. from 18k to 117k is a pretty big jump. forecast is only 89k.

do you guys think it's going to test 1640? or does it have a better chance of trading sideways?
  • #8,554
  • Aug 5, 2011 9:15am Aug 5, 2011 9:15am
Quoting patguchi
bought at 1660. liquidated my loses as soon as the NFP came out. liquidated too early though. newbie mistake. could have liquidated it at a much less loss. got caught up in the intraday price action

anyways i guess gold is favored to go down this morning after a better than expected report on nfp. from 18k to 117k is a pretty big jump. forecast is only 89k.

do you guys think it's going to test 1640? or does it have a better chance of trading sideways?
my opinion if 1665 is not taken out its gona touch 1632 today 4 hours candle still very bearish
MMMYYYKKK
  • #8,555
  • Aug 5, 2011 9:20am Aug 5, 2011 9:20am
Quoting myk
opened short @1655 Target 1530

CLOSED AT 1645 yesterday Changed targets due to high volatility and new high of 1682
MMMYYYKKK
  • #8,556
  • Edited 9:45am Aug 5, 2011 9:34am | Edited 9:45am
Anything of value to say / add here or just the same bs?

Warning. (should that be one or two?)

Quoting GoldBear
move along, nothing to see here, haha
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,557
  • Aug 5, 2011 9:54am Aug 5, 2011 9:54am
No affect from NFP-
quick lil chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gold h1.GIF Size: 26 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,558
  • Aug 5, 2011 9:58am Aug 5, 2011 9:58am
Not sure why you closed P?

You could be 4 USD in profit with a buy at 1660...

14 UsD dip nothing to worry about. Gotta keep your lots small gold is very volatile and headline driven on weeks like this.


Quoting patguchi
bought at 1660. liquidated my loses as soon as the NFP came out. liquidated too early though. newbie mistake. could have liquidated it at a much less loss. got caught up in the intraday price action

anyways i guess gold is favored to go down this morning after a better than expected report on nfp. from 18k to 117k is a pretty big jump. forecast is only 89k.

do you guys think it's going to test 1640? or does it have a better chance of trading sideways?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,559
  • Aug 5, 2011 10:04am Aug 5, 2011 10:04am
Gold Dow again
Much uglier on lower TF.

For Dow that is.


Quoting XTrade
OK.
Here it is.

We'll Use 2003 as the point of investment.

Dow vs Gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold dow correlation2.GIF Size: 129 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,560
  • Aug 5, 2011 10:05am Aug 5, 2011 10:05am
It's Friday almost noon.

Don't expect much more for the day... Just maybe a fizzle out. (consolidation)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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