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

  • #11,641
  • Oct 5, 2011 4:25am Oct 5, 2011 4:25am
iam out at 1601. + 25 pips.

need to go out for the day. see ya all later.
  • #11,642
  • Oct 5, 2011 4:38am Oct 5, 2011 4:38am
Quoting Ravissek
I want only 1700.
This means you have averaged down your breakeven point to below 1700 already? You must have a lot of buys already and more than doubled your long exposure during the last weeks.

I would be VERY interested to know how many ounces you are long already and/or maybe you could post a screenshot of your entries and/or the open trades list? I'm sure others would like to see this too.
  • #11,643
  • Oct 5, 2011 4:48am Oct 5, 2011 4:48am
Quoting 7bit
This means you have averaged down your breakeven point to below 1700 already? You must have a lot of buys already and more than doubled your long exposure during the last weeks.

I would be VERY interested to know how many ounces you are long already and/or maybe you could post a screenshot of your entries and/or the open trades list? I'm sure others would like to see this too.
I have two accounts now.
2microlots opened on first on 1670
and 1,4lots opened on other acc.
Just waitin
I have done weekly money make target so I dont care off the price now.
next weekend I will be interested in
  • #11,644
  • Oct 5, 2011 5:05am Oct 5, 2011 5:05am
Quoting Ravissek
and 1,4lots opened on other acc.
1.4 lots are 140 ounces? (I only trade at Oanda, so I don't know how your br0ker handles it)
  • #11,645
  • Oct 5, 2011 5:18am Oct 5, 2011 5:18am
what do you see now, gold taking a dip to 1500 or 1400, 1300, 1200 ?

In my opinion it is going to stay around Indian Rs.30,000/Tola (around $ 1550 - 1650), what do you people say?
  • #11,646
  • Oct 5, 2011 5:28am Oct 5, 2011 5:28am
I'm waiting for silver to fall through the floor today.. I think now it's <30.00 the bears might be in the driving seat..
Anything can happen.
  • #11,647
  • Oct 5, 2011 5:36am Oct 5, 2011 5:36am
Quoting forexfacts
what do you see now, gold taking a dip to 1500 or 1400, 1300, 1200 ?

In my opinion it is going to stay around Indian Rs.30,000/Tola (around $ 1550 - 1650), what do you people say?
Personally I think a retest of the 200mda is possible, plus maybe a bit of a shark hunt past that figure...I have positioned myself with stops between 1270-1330 , which I may have to move lower depending on what happens next... I see bull action soon however, but I cannot help think that "they" will knock the price down further first taking some weak stops out and enabling "them" to enter Longs at better prices...and then I think slowly (months) we will go 2000+ hopefully with less volatility.... but all of that could change in the blink of an eye... am watching the Euro zone situation, Greece, The PA of the dollar, and what the SP500 & DJ30 are doing, because if they got hit hard I can imagine another larger liquidation in gold to cover margins...

Having said all of that though I would not be surprised that much if it hit 1100, all depends on what happens with the markets at large...

tbh I would prefer something to happen, ranging makes me sleeeeepy

my two pennies worth.... which is about all it is worth....
  • #11,648
  • Oct 5, 2011 5:43am Oct 5, 2011 5:43am
Quoting ddinnov
I'm waiting for silver to fall through the floor today.. I think now it's <30.00 the bears might be in the driving seat..
Where do you see the floor ? 26.00? or 21.XX? or ?
  • #11,649
  • Oct 5, 2011 5:44am Oct 5, 2011 5:44am
Quoting dogbreath
...... The question is then.....when does that go back to normal....i.e. flight from risk = gold ..... not dollars.....
There are 2 parts to the gold equation. Flight risk is one.

The other is inflationary expectations. Guess which direction this is headed?
  • #11,650
  • Oct 5, 2011 6:31am Oct 5, 2011 6:31am
Quoting dogbreath
The question is then.....when does that go back to normal....i.e. flight from risk = gold ..... not dollars.
When all speculators have taken their profits (or their losses), when the gold price is back at normal levels (normal == the prices at which it is traded most of the time).

Then Gold will behave normal again.
  • #11,651
  • Oct 5, 2011 7:02am Oct 5, 2011 7:02am
Quoting Goldmansacks
Personally I think a retest of the 200mda is possible, plus maybe a bit of a shark hunt past that figure...I have positioned myself with stops between 1270-1330 , which I may have to move lower depending on what happens next... I see bull action soon however, but I cannot help think that "they" will knock the price down further first taking some weak stops out and enabling "them" to enter Longs at better prices...and then I think slowly (months) we will go 2000+ hopefully with less volatility.... but all of that could change in the blink of...
I think you are right on the money....."they" are massaging the market to their benefit. so I think you are right....it will drop so they can get out of their positions....then they are set for some good longs.
Life's a bitch....so be a dog and cover it!
  • #11,652
  • Oct 5, 2011 7:07am Oct 5, 2011 7:07am
Looking to short at current levels will keep an eye on ADP data
  • #11,653
  • Oct 5, 2011 7:21am Oct 5, 2011 7:21am
Looks like it will roll over to find some demand @ 1535 area. I think many people who got burned are on the sidelines at the moment. That said though price is at the bottom of a channel / trend line is has been climbing since the beginning of the year...

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  • #11,654
  • Oct 5, 2011 7:24am Oct 5, 2011 7:24am
"They" are just like the rest of us.

They don't know what they are doing some of the time.

Uncertainty is a part of trading "we" all have to deal with.
  • #11,655
  • Oct 5, 2011 7:25am Oct 5, 2011 7:25am
Quoting SunTrader
"They" are just like the rest of us.

They don't know what they are doing some of the time.

Uncertainty is a part of trading "we" all have to deal with.

hehehe....yes sir
Life's a bitch....so be a dog and cover it!
  • #11,656
  • Oct 5, 2011 7:45am Oct 5, 2011 7:45am
Looks like gold liked the non-farm emp #, lets see what she thinks about the non-manufacturing PMI shortly.....
  • #11,657
  • Oct 5, 2011 8:10am Oct 5, 2011 8:10am
Any intelligent comments on when it would be a good moment to BUY?
I'm looking at buying gold and closing it at just above/below 2000 (depending on how it got there)

It's hard to get the perfect moment of course, else we would all be millionaires but do you think it will drop much more (to lets say the 1535 posted somewhere above, or perhaps lower) or will it start to go up again from around the area it's currently at?

I personally think 2000+ is a fact in the "near" future (like a good amount of weeks, perhaps a month or 2-3) but I find it hard to decide what the right time is to buy.
  • #11,658
  • Oct 5, 2011 8:11am Oct 5, 2011 8:11am
Yes, Gold liked but S&P 500 futures not really.
  • #11,659
  • Oct 5, 2011 8:17am Oct 5, 2011 8:17am
Quoting Rzr
........ I personally think 2000+ is a fact in the "near" future (like a good amount of weeks, perhaps a month or 2-3) but I find it hard to decide what the right time is to buy.
If you think this is so why think about when to buy? Think about how much to buy.

Unless you think .......... you might be wrong about the near future possiblilty.
  • #11,660
  • Oct 5, 2011 8:18am Oct 5, 2011 8:18am
One way a retest of 1535 could play out could play out :
retest of the channel top/ trend line, then drop through the lower support range to retest 1535 for a potential buy til the end of the year. See my post above for a daily chart of the same area.
Good luck everyone!


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