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

  • #8,681
  • Aug 8, 2011 9:20pm Aug 8, 2011 9:20pm
lil breakout eh!

1740!!
Attached Image (click to enlarge)
Click to Enlarge Name: gld braking1740.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,682
  • Aug 8, 2011 9:23pm Aug 8, 2011 9:23pm
no sure what to make of it yet, except all the dough is pouring into gold. When gold corrects a bit silver may rise.. Just a thought.

Quoting Mitchoss
silver is very worrying, there are volumes coming in, but no price movement..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,683
  • Aug 8, 2011 9:29pm Aug 8, 2011 9:29pm
GOLD HAS GONE CRAZY AND SCARY
MMMYYYKKK
  • #8,684
  • Aug 8, 2011 10:03pm Aug 8, 2011 10:03pm
absolutely incredible. going to punch through 1750.. and I would imagine that will squeeze commercial shorts even more causing an even bigger explosion.. maybe these commercials are trying to control silver, but soon they will have to let go.. JPM included.
  • #8,685
  • Aug 8, 2011 10:14pm Aug 8, 2011 10:14pm
I feel... Boshed...
April tis year when we were at 1432 I said 1600 by September. Got a little flak but also some respect.
Didn't plan on this.

2,000.00 By Xmass is no longer lunacy.
Yes: There will be some Large Drops.
psst. I might be the cornflake that starts it.
But 2,500 is now being reviewd.

B
  • #8,686
  • Aug 8, 2011 10:19pm Aug 8, 2011 10:19pm
can you just run silver up to about 42bux please. cheers


Quoting Bemac
I feel... Boshed...
April tis year when we were at 1432 I said 1600 by September. Got a little flak but also some respect.
Didn't plan on this.

2,000.00 By Xmass is no longer lunacy.
Yes: There will be some Large Drops.
psst. I might be the cornflake that starts it.
But 2,500 is now being reviewd.

B
  • #8,687
  • Aug 8, 2011 10:34pm Aug 8, 2011 10:34pm
AND WE LOVE IT HAHAH MUHAHAHA BAHAHAHAH


Quoting myk
GOLD HAS GONE CRAZY AND SCARY
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,688
  • Aug 8, 2011 10:36pm Aug 8, 2011 10:36pm
Nope, it's right on track even with a correction...
See you there!

Quoting Bemac
I feel... Boshed...
April tis year when we were at 1432 I said 1600 by September. Got a little flak but also some respect.
Didn't plan on this.

2,000.00 By Xmass is no longer lunacy.
Yes: There will be some Large Drops.
psst. I might be the cornflake that starts it.
But 2,500 is now being reviewd.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,689
  • Aug 8, 2011 10:44pm Aug 8, 2011 10:44pm
1756, this is just amazing.

I really cannot believe I see guys here and on other threads saying that gold is a bubble and that it will go down soon..lol..
The Black Swan: The Impact of the Highly Improbable
  • #8,690
  • Aug 8, 2011 11:01pm Aug 8, 2011 11:01pm
I am loving this "resistance" XTrade, but surely being so far out of the bollingers raises the likelihood of a nasty pullback before too long - although I have been thinking that for over 24 hours now!
  • #8,691
  • Aug 8, 2011 11:06pm Aug 8, 2011 11:06pm
Quoting MapleLeaf
1756, this is just amazing.

I really cannot believe I see guys here and on other threads saying that gold is a bubble and that it will go down soon..lol..
the gap seems to be a breakaway gap rather than an exhaustion gap. the difference between the two is that a breakaway gap happens usually during the start of a new trend. exhaustion gap happens during maturity. yes the trend was there since june... but there is a huge influx of new participants in the gold market. those who doubted gold in the past have been slapped silly with its current momentum and decided to jump on board instead of waiting for stocks to gain some life again.

there are new participants that revitalized this market. that's why i think gold has just begun to turn on the after burners, nitros...etc
  • #8,692
  • Aug 8, 2011 11:07pm Aug 8, 2011 11:07pm
Quoting Mitchoss
can you just run silver up to about 42bux please. cheers
As ludacris as it sounds, I don't have a Silver Chart. It'll take me a ; oh, wait a minute.I do have one.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr for mitchoss aug 8 11.gif Size: 44 KB

B
Hey !
I just thought about this. I posted this in PF a bit ago but why can't you be involved too...

***************
http://www.james16group.us/forums/im...cons/icon1.png Lets get this ICCE thing Straight.

OK. Here's what I want to do. 'bnars on this later maybe but for now I need a Blind Blind Test. (I'm sittiing the test)

You guys pick one & I'll Trade it with Full Disclosure.

Criteria:
Daily Chart. (4Hr will also suffice).
Clean (Nothing on it or any additional windows.)
Some sort of, what I call compression, Sideways Action that can be seen while The Last Bar is still on screen.
We are going to do this if it kills me. ( http://www.james16group.us/forums/im...lies/smile.png )

Let's Trade ICCE As I See it.
What d' ya think? Wanna take a ride?

ps. I may not respond to all posts as fast as I (or You) would like but there's a reason...

B

So...
Talk amongst yourselves for a moment & give me a Pair.
*************

  • #8,693
  • Aug 8, 2011 11:08pm Aug 8, 2011 11:08pm
Quoting CathS
I am loving this "resistance" XTrade, but surely being so far out of the bollingers raises the likelihood of a nasty pullback before too long - although I have been thinking that for over 24 hours now!

It looks like this situation is "special" and no technical analysis can understand it... sometimes you need to look more on fundamentals, rather than technical, like in this specific situation with GOLD.
The Black Swan: The Impact of the Highly Improbable
  • #8,694
  • Aug 8, 2011 11:10pm Aug 8, 2011 11:10pm
1770!! WOW!!!

someone said 1800 this week?
The Black Swan: The Impact of the Highly Improbable
  • #8,695
  • Aug 8, 2011 11:14pm Aug 8, 2011 11:14pm
Quoting Mitchoss
can you just run silver up to about 42bux please. cheers

right.. i really don't understand why SILVER is not reacting at all.. maybe something is in the works..
The Black Swan: The Impact of the Highly Improbable
  • #8,696
  • Aug 8, 2011 11:26pm Aug 8, 2011 11:26pm
btw. My method shows very little resistance only a few minor speedbumps from here to >2,000.
Scary, I know but in April '11 @ 1432 I said 1,600 & was laughed at.
I didn't let it bother me.
Wanna take a ride?

B
  • #8,697
  • Aug 8, 2011 11:31pm Aug 8, 2011 11:31pm
Quoting XTrade
AND WE LOVE IT HAHAH MUHAHAHA BAHAHAHAH
lol i was loving it too but its going to blast thts what i am worried off which goes straigh up come straight down .btw i have longs from 1495 but these are my last longs have chopped them but still have a few lots open which i m watching carefully
MMMYYYKKK
  • #8,698
  • Aug 8, 2011 11:41pm Aug 8, 2011 11:41pm
lets speculate about silver on why its not moving up

1) artificial suppresion?
2) everybody's throwing away silver and buying gold?

any other possible reasons?
  • #8,699
  • Aug 8, 2011 11:48pm Aug 8, 2011 11:48pm
Quoting hareanone
lets speculate about silver on why its not moving up

1) artificial suppresion?
2) everybody's throwing away silver and buying gold?

any other possible reasons?
SILVER IS 60 % used in industries so if economies deflate it will go down sharply secondly gold is considered save haven silver is not worthy of that title .and i am afraid soon gold wont be considered as well 2008 silver dipped 70% on economic breakdown
MMMYYYKKK
  • #8,700
  • Aug 9, 2011 12:07am Aug 9, 2011 12:07am
Good Idea.

I am certainly going with NO. 1 with a tad of two mixed in.

YET, there is as beeb mentioned the industrial side.

However, that didn't stop Copper from almost crossing 4 usd today - which to my knowledge is FAR more industrial than Silver, Jeese, pennies are only a little sandwich of CU of zinc these days.

Has anyone seen the new US pennies and how cheap they look?
Artwork is horrible too.

http://www.kitconet.com/charts/metal..._cp450x275.gif



Quoting hareanone
lets speculate about silver on why its not moving up

1) artificial suppresion?
2) everybody's throwing away silver and buying gold?

any other possible reasons?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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