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

  • #8,701
  • Aug 9, 2011 12:09am Aug 9, 2011 12:09am
Good old Cable.

I will link some of the posts to your ICCE section in the first thread.

Use barchart or netdania for silver.

Quoting Bemac
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.
Attachment
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. [indent] 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...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,702
  • Aug 9, 2011 12:18am Aug 9, 2011 12:18am
silver building a base at 38.675? touched it and turned up many times..?

Mitch
  • #8,703
  • Aug 9, 2011 12:18am Aug 9, 2011 12:18am
btw great trading.!
Quoting myk
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
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,704
  • Aug 9, 2011 12:26am Aug 9, 2011 12:26am
I use to always say " buy gold and silver ", but if this current market condition continues ( gold up, silver down/flat), I might have to change what I say......
  • #8,705
  • Aug 9, 2011 12:37am Aug 9, 2011 12:37am
wow. I did not see this coming but it's a good thing I'm doing physical as well. Possible reentry?
  • #8,706
  • Aug 9, 2011 12:37am Aug 9, 2011 12:37am
Wow, my only regret is that i was waiting for a retracement @1580 and closed alot of my positions, now i will definitely keep this ones above 1800 and buy some more if we go down...i agree with my fellow colleague Bemac that in the near future we will see >2000.
Attached Image (click to enlarge)
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  • #8,707
  • Aug 9, 2011 12:42am Aug 9, 2011 12:42am
Does this article makes sense?

http://www.kitco.com/ind/maund/aug082011_silver.html

Kinda scary.
  • #8,708
  • Aug 9, 2011 1:00am Aug 9, 2011 1:00am
Quoting hareanone
Does this article makes sense?

http://www.kitco.com/ind/maund/aug082011_silver.html

Kinda scary.
Scary for silver...
  • #8,709
  • Aug 9, 2011 1:32am Aug 9, 2011 1:32am
nuff said
bought aud at exactly 1.00, nice 100 pips pocketed, I not trade - otherwise the aussies are running to get their pips back off me.

silver is looking for a trend.
Attached Image (click to enlarge)
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trading is my zen
  • #8,710
  • Aug 9, 2011 1:37am Aug 9, 2011 1:37am
S&P futures cut losses, down 0.9% after earlier losses of 3%
Shanghai share index reverses into positive territory
Australian market up 1%

First signs of change.
MMMYYYKKK
  • #8,711
  • Aug 9, 2011 2:24am Aug 9, 2011 2:24am
Quoting musclemike
Wow, my only regret is that i was waiting for a retracement @1580 and closed alot of my positions, now i will definitely keep this ones above 1800 and buy some more if we go down...i agree with my fellow colleague Bemac that in the near future we will see >2000.

mike - is that a live account or a demo?

either way it's a bit embarrasing...

beeb
  • #8,712
  • Aug 9, 2011 2:56am Aug 9, 2011 2:56am
Quoting beeb
mike - is that a live account or a demo?

either way it's a bit embarrasing...

beeb
it's a demo. no swap. no commission. if it's real I'd love to use that broker!
trading is my zen
  • #8,713
  • Aug 9, 2011 3:57am Aug 9, 2011 3:57am
my confidence in silver is shaken........
  • #8,714
  • Aug 9, 2011 4:21am Aug 9, 2011 4:21am
OMG 1776 .

Resistance 1791-92 ... what can I do about it? ..Nothing

ok its 1780 by the time I pressed submit
Trends I Love Finding
  • #8,715
  • Aug 9, 2011 4:23am Aug 9, 2011 4:23am
Why would you want to use that broker shi-lo?
They have a huge mt4 lawsuit against them for scamming clients with large accounts and slipping them out of trades. As well as raising the margin req for the weekend making accounts suddenly margin call.

Stay away from MT4. I only use it cause it is the only way to trade gold or was the only way to trade gold cheaply. Now it makes no sense.
Quoting ShirleyLo
it's a demo. no swap. no commission. if it's real I'd love to use that broker!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,716
  • Aug 9, 2011 4:26am Aug 9, 2011 4:26am
Today i ride well with the roller coaster. just missed 1732.
instead i got 1754
  • #8,717
  • Aug 9, 2011 4:30am Aug 9, 2011 4:30am
GC just done $300 since the beginning of July - ascent is currently too steep IMHO - would suggest being wary of any longs at these levels without a retracement - regardless, suggest use of stops is essential...

beeb
  • #8,718
  • Aug 9, 2011 4:31am Aug 9, 2011 4:31am
Looks like the recent hovering around 1750 was the "dip" I should have bought more in to, instead of worrying that it would drop further!
  • #8,719
  • Aug 9, 2011 4:33am Aug 9, 2011 4:33am
Beeb Here is a half million dollar demo I just opened.

I can only afford two standard lots. Below is the margin used.

I believe one standard = 177,000 at current- USD in margin now in USD accounts.

I can trade micros for 1700 usd of margin for .01 lots.
FX DOT COM. won't charge commissions but there should be a negative swap for gold / usd.

Quoting beeb
mike - is that a live account or a demo?

either way it's a bit embarrasing...

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: us margin.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,720
  • Aug 9, 2011 4:45am Aug 9, 2011 4:45am
He's not really saying anything we don't already know.

A test of the broken resistance around 20 / 21 is not out of the question.

Yet I don't feel comparing silver to the stock market is particularly smart. Nor are the circumstances now in 2011 nearly the same as they were when it hit 7.xx in 2008. There was a massive shortage and then a flood of new silver. Supply flooded demand and the price dropped. Not to mention the severe years of manipulation keeping the price below 20.

Public involvement is part of what will help drive the price up. Yet most of the average public still has no clue about investing in silver or gold much besides selling it for a quick fiat fix to a cash for gold around the block thinking they just made out when meanwhile they were just robbed.

Time will tell. If there is a long enough consolidation / sideways period the gains will eventually be pared likely in the 25 to 35 usd Range and a new trend will emerge.

my 2 cents.

Quoting hareanone
Does this article makes sense?

http://www.kitco.com/ind/maund/aug082011_silver.html

Kinda scary.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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