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XAU/USD Spot Gold

  • #981
  • Sep 24, 2011 1:36pm Sep 24, 2011 1:36pm
Quoting grashid
..they dunno what is the real game mate...especially those some who have vouch and 10V+..they keep dreaming with their vouch n proud on that...for what? tought they dunno everythings....

as a simple manner, chart could give some hint since 1850-1880 where i did shouting to watch carefull on long n am starting to re activate back my gold thread back. why? simple its the time for me to collect a huge money as well to let people to think back..what the heck keep buying gold at 1800-1900 area.....as this is what i read in a lot of public...
Hi mate:

Yes, I do remember and I was banned from their thread for the exact same reason: warning people about a potential crash after the silly, too fast, suspicious and unfounded rise. The relative stability of silver could have given them some hints too (I don't trade silver myself and see it's value under $20 anyways).

It is interesting now one of those people is gone for good and the other claims he is too busy to post (the thread owner).

I do wish people and specially newbies learn from this recent crash. I feel for them but oh well, learning is always expensive
  • #982
  • Sep 25, 2011 2:26am Sep 25, 2011 2:26am
Quoting Fmfx
Hi mate:

Yes, I do remember and I was banned from their thread for the exact same reason: warning people about a potential crash after the silly, too fast, suspicious and unfounded rise. The relative stability of silver could have given them some hints too (I don't trade silver myself and see it's value under $20 anyways).

[b]It is interesting now one of those people is gone for good and the other claims he is too busy to post (the thread owner).
I do wish people and specially newbies learn from this recent crash. I feel for them but oh...
....
  • #983
  • Sep 25, 2011 6:35am Sep 25, 2011 6:35am
i wonder when this liquidation of Gold will stop ????
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #984
  • Sep 25, 2011 6:50am Sep 25, 2011 6:50am
so... according to you, where's the bottom? rough estimate? 1300? 1000? 500?
  • #985
  • Sep 25, 2011 4:07pm Sep 25, 2011 4:07pm
Quoting TradingB
so... according to you, where's the bottom? rough estimate? 1300? 1000? 500?
Nobody knows (and I do not care personally) but if there were buyers at 1900, it is almost 300 dollars cheaper now so you could do the math yourself (if you can ignore the media and public noise).

If people only follow charts, yes, you should be always buying when it goes up and stop buying when it is cheaper

I am more of the school of thought: BUY LOWER' SELL HIGHER. has always worked for the past few years
  • #986
  • Sep 25, 2011 4:10pm Sep 25, 2011 4:10pm
I'm a believer in cheap can become cheaper and expensive can become more expensive.
  • #987
  • Sep 25, 2011 5:12pm Sep 25, 2011 5:12pm
Quoting Fmfx
Hi mate:

Yes, I do remember and I was banned from their thread for the exact same reason: warning people about a potential crash after the silly, too fast, suspicious and unfounded rise. The relative stability of silver could have given them some hints too (I don't trade silver myself and see it's value under $20 anyways).

It is interesting now one of those people is gone for good and the other claims he is too busy to post (the thread owner).

I do wish people and specially newbies learn from this recent crash. I feel for them but oh well,...


Hi all,

Elliott wave wise there might a small chance, that we might see a last run against 2000. But I simply think, that way too many people were sure that Gold would reach the magic number. So the surprise was inn.

Ideally, Gold should drop back to the area of the preceding fourth wave or right into the heart of the wave 3. So we are talking about a drop to between 1000-600 (or even 500 are possible).

I stopped warning the Gold bulls, since they all seem to ignore the message or shoot the messenger.

Good luck in the coming week,


Markus
  • #988
  • Sep 25, 2011 5:15pm Sep 25, 2011 5:15pm
Quoting Fmfx
Nobody knows (and I do not care personally) but if there were buyers at 1900, it is almost 300 dollars cheaper now so you could do the math yourself (if you can ignore the media and public noise).

If people only follow charts, yes, you should be always buying when it goes up and stop buying when it is cheaper

I am more of the school of thought: BUY LOWER' SELL HIGHER. has always worked for the past few years


You should have tried out your method in the crashes of 2000-2003 to see yourself dumbfounded.
  • #989
  • Sep 25, 2011 8:03pm Sep 25, 2011 8:03pm
Quoting infinitus
You should have tried out your method in the crashes of 2000-2003 to see yourself dumbfounded.
I was not trading gold at that time but even then, people with enough capital have multiplied their money several folds
  • #990
  • Sep 26, 2011 12:40am Sep 26, 2011 12:40am
LOL... what a bubble
  • #991
  • Sep 26, 2011 1:59am Sep 26, 2011 1:59am
I guess most people (specially the public) will steer away from trading gold and silver for a LOOOONG time

$2000 by the end of September... yeah, right but only 75% f it: $1500
  • #992
  • Edited 2:54am Sep 26, 2011 2:08am | Edited 2:54am
http://www.forexfactory.com/showthre...07#post4986707

Sorry mate... I truly feel for you. I am banned from posting there (because of warning people of a possible gold crash) but your post really hit me
  • #993
  • Edited 3:15am Sep 26, 2011 2:56am | Edited 3:15am
Now that most people are waiting for 1500 to go long gold, we can almost be sure the gold has hit the bottom already and will be mid 1600 this week. Exactly like when the majority were waiting for the 2000.

It really shows the power of BRN like 1500, 2000, etc and the media brainwashing system...
  • #994
  • Sep 26, 2011 3:11am Sep 26, 2011 3:11am
Quoting Fmfx
I was not trading gold at that time but even then, people with enough capital have multiplied their money several folds
Oh,

it was not directly mentioned towards Gold but in general.

But it depends, lastly, on the leverage you take :-)
  • #995
  • Sep 26, 2011 3:16am Sep 26, 2011 3:16am
Quoting Fmfx
Now that most people are waiting for 1500 to go long gold, we can almost be sure the gold has hit the bottom already and will be mid 1600 this week. Exactly like when the majority were waiting for the 2000.

It really shows the power of BRN like 1500, 2000, etc and the media brainwashing system...
There we are, 1615 already...

Gotta love the market and learn: Go long when most people and media say NO and vice versa...
  • #996
  • Sep 26, 2011 4:00am Sep 26, 2011 4:00am
Quoting Fmfx
There we are, 1615 already...

Go long when most people and media say NO and vice versa...
I 1000% Agree with you on this . though i made a stupid mistake of buying at 1794 . Patience is the key
  • #997
  • Sep 26, 2011 4:29am Sep 26, 2011 4:29am
Quoting khan101
I 1000% Agree with you on this . though i made a stupid mistake of buying at 1794 . Patience is the key
Wait mid November ish... That is how I have been doing this for a long time: pretty much doing the opposite to what most people suggest.

In other words: ignore the noise
  • #998
  • Sep 26, 2011 4:44am Sep 26, 2011 4:44am
Quoting Fmfx
Wait mid November ish... That is how I have been doing this for a long time: pretty much doing the opposite to what most people suggest.

In other words: ignore the noise
mate what do you expect in mid nov
  • #999
  • Sep 26, 2011 5:25am Sep 26, 2011 5:25am
Quoting Fmfx
I only trade gold LONGTERM and use my gold positions as a support and and protection against my other trades which are mostly currencies. I do this in all of my accounts and have long positions from 1300s, 1400s and 1500s in all of them. Even if we go back to 1300 (hopefully) I will add more to my longs because I know that we have seen 1900 :-)

This is how most hedge funds and big money trade gold and what you observed in the past week, is the exact reason why trading gold short term is not their favorite and has a lots of danger. For example...

wow man.. you must be rich to have so many "longs" in so many "accounts" and trading so many "currencies".. thats incredible.. Its an honour to talk to a rich trader like you. You have everything under control.

How much money you have in your forex accounts? MINIMUM 1 million I guess?

Man, how come you dont have 10+ vouchers?

BTW, what do you think about indicators? Do they work or they are useless and lag? Really wondering.
The Black Swan: The Impact of the Highly Improbable
  • #1,000
  • Edited 1:05pm Sep 26, 2011 6:43am | Edited 1:05pm
My trade account got blank just today... and thinking to add some to buy gold and lots of it :'(
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