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

  • #9,741
  • Sep 6, 2011 3:04am Sep 6, 2011 3:04am
Quoting Tilf
Long time since my last post. Been reading here though but did not have anything good to contribute.

I have a feeling we'l see the ISM read under 50. If that is to happen, there might well be a smack down into XTrade's expected support 1875 before the numbers are out.
wow.. smack down.. its hit 1866
  • #9,742
  • Sep 6, 2011 3:06am Sep 6, 2011 3:06am
Ehhh where did this sudden drop suddenly come from?
  • #9,743
  • Sep 6, 2011 3:07am Sep 6, 2011 3:07am
This is doing my head in!!
  • #9,744
  • Sep 6, 2011 3:07am Sep 6, 2011 3:07am
its 1859$
  • #9,745
  • Sep 6, 2011 3:12am Sep 6, 2011 3:12am
Swiss national bank sets a minimum target rate at 1.20 eur. euro jumps
  • #9,746
  • Sep 6, 2011 3:12am Sep 6, 2011 3:12am
gotta love the organized take downs these companies do. then buy the naked shorts back at a lower price and enjoy the long side aswell.

The news of the swiss buying euro's big time isnt new news is it?
  • #9,747
  • Sep 6, 2011 3:23am Sep 6, 2011 3:23am
What a BIG TIME for USD/CHF! Does anyone have an idea about numbers that can cause such a move?

I like such moves in metals, but it is rather surprise for me in case of CHF.
  • #9,748
  • Sep 6, 2011 3:58am Sep 6, 2011 3:58am
Anybody knows if the snb is selling Gold to maintain their peg? Otherwise: with the Chf gone, will Gold be the (remaining) safe haven?
Fail better.
  • #9,749
  • Sep 6, 2011 4:09am Sep 6, 2011 4:09am
Quoting LarryDarrell
Anybody knows if the snb is selling Gold to maintain their peg? Otherwise: with the Chf gone, will Gold be the (remaining) safe haven?
I guess so yes.
(also read this as, I really do hope so)
  • #9,750
  • Sep 6, 2011 4:16am Sep 6, 2011 4:16am
Safe Haven demand into gold and swissy should be back during NY session and close.

These guys are pro with it lol. They smack it down during london and then gold is back up to where it was during closing. Makes you feel like it was not an up day!

Looking to go long in the next 3-4 hrs with a stop (not sure where yet).
Trends I Love Finding
  • #9,751
  • Sep 6, 2011 4:21am Sep 6, 2011 4:21am
What you guys think of the double top?

http://forum.lowyat.net/index.php?ac...ost&id=2422065
  • #9,752
  • Sep 6, 2011 4:33am Sep 6, 2011 4:33am
Quoting dremstar
What you guys think of the double top?

http://forum.lowyat.net/index.php?ac...ost&id=2422065
That shows gold is a bull always heading for new high.
  • #9,753
  • Sep 6, 2011 4:48am Sep 6, 2011 4:48am
Quoting dremstar
What you guys think of the double top?
Certainly worth bearing in mind when combining it with other analysis......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,754
  • Sep 6, 2011 4:57am Sep 6, 2011 4:57am
Gotta say WOW 1000 pips on Eur /CHF and 700 on swissy - Euro enjoys 300

See the first video HANS told us about this well in advance. I think he even nailed the peg when asked.

Made gold drop off the high and offered up some entries.

Watch the first one. back to bed.

Quoting XTrade
Here are some good videos - fairly quick. This fellow From MS - "Hans" really knows his stuff. I trade Swissy often especially when wanting to short USD.

He discusses how the solo intervention of one central bank in a currency can be futile. Hence last BOJ intervention. Last one is on Yen. Be careful, shorts, they are ready to intervene again. The BOJ. Actually last link is an article. -- edit added one on Gold.

Pegging the Swissy to the Euro - pitfalls
http://www.reuters.com/video/2011/08...eoId=218256204

Swiss...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,755
  • Sep 6, 2011 4:59am Sep 6, 2011 4:59am
doubt they are selling AU - didnt read full article tho
http://www.fxstreet.com/news/forex-n...3-743e3b33e246
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,756
  • Sep 6, 2011 5:15am Sep 6, 2011 5:15am
189x area is being re-test few time. if can't break, we will be seeing bearish for a while
  • #9,757
  • Sep 6, 2011 6:01am Sep 6, 2011 6:01am
Hell of a Thred,,....lot of sharp smarts.. here..
  • #9,758
  • Sep 6, 2011 6:49am Sep 6, 2011 6:49am
Quoting dremstar
What you guys think of the double top?

http://forum.lowyat.net/index.php?ac...ost&id=2422065
wait for closing prices. if today ends up with a bearish candle stick with closing prices below 1870ish i would consider it a bearish sign for gold at least for this week. if prices stay above 1905 i would consider it a bullish sign.

remember when gold dropped to 1702 about a week back, it look liked 3 long bearish candle sticks (3 black crows) which signifies a bearish sign. however it closed above the opening creating a reversal candles stick pattern (bullish hammer/pin).

gold is tricky that way. its not wise to judge the current candle stick of the daily chart if it hasn't closed yet. lower time frames may give you a clue though where it's going to close though.

as people would say... that's my 2 pips.

to our mentors and other fellow "padawans", do i sound logical in saying this? i need criticism so i can learn
  • #9,759
  • Sep 6, 2011 6:53am Sep 6, 2011 6:53am
R2 1920 has been breached.

1937
1950
pullback
2000

sorry no chart, on mac!

a great day with Swiss woop woop, I only bought EU and UC dragged it up with it
trading is my zen
  • #9,760
  • Sep 6, 2011 7:58am Sep 6, 2011 7:58am
Like many said, we'll have to wait to see if it is a double top ! Still, this Swiss Franc news is very bullish for gold as it shows how you can't just hold paper with these government interventions.

Gold and silver are the real measurements of the currencies.
US Dollar is trash... Get out of that Ponzi scheme !!!
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