DislikedThe implication was that THAT LEVEL was fundamentally a good buy......that's all.
Are you just saying that gold is a good buy on fundamentals unconnected with the level?
beebIgnored
PBh
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedThe implication was that THAT LEVEL was fundamentally a good buy......that's all.
Are you just saying that gold is a good buy on fundamentals unconnected with the level?
beebIgnored
DislikedNope, you are right. I'm here to learn. I know how to trade a lot of things but gold (without strong fundamentals).
PBhIgnored
DislikedJust when the Euro banks were thinking they got a breather. UBS =
http://www.usatoday.com/money/indust...der/50411164/1
Keep this and other similar stories from the past in mind when someone talks of the so-called "smart money".Ignored
DislikedWell, risk appetite is returning to the market. Many central banks want to weaken the USD. And a weaker USD Index means, higher gold. Doesn't it?Ignored
DislikedNo!!!
Correlation and non-correlation work until they do not.
Look back over the last decades and you can easily spot it.
I think that right now Gold is seen as the safe harbor. In an risk on event like today people rush primarily into stocks etc and out of Gold.Ignored
DislikedLibyans (possibly) selling gold.
http://www.reuters.com/article/2011/...7KE51520110915
Not any time soon from the looks of it.Ignored
Dislikedno more
how about this?
the risk to the downside is very much attached, with a break below psycho level $1800 would push the price towards $1790, round number $1750 and ultimately our psycho level $1700.
wait for next fallIgnored
Dislikedwell folks, the buy trade i took at 1809 was a loss.
a loss of - 35 pips.
feel very bad, as i havent lost 35 pips in one go in a long long time....
but not to worry. i will make it back. i promise.
let the market fall, it will just mean we can enter our longs at better positions.
at the moment its definately a sell still.
have faith folks...............Ignored