gold waiting for bulls
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #12,204
- Oct 19, 2011 9:23am Oct 19, 2011 9:23am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
- #12,207
- Oct 19, 2011 11:50am Oct 19, 2011 11:50am
I agree but everyone must feel the firt margin call to think about it.
Whenever I was saying on forex.Margin call? No!
Month ago and margin call
This time I trade gold.
And I hope it will be sucess.
I trade only to live from it and make my capital bigger and bigger.
For me capital is only for more trades.
I trade only 0.1 lots.When Price fall 50$ I buy.When fall 50$ again I buy.I hate buysing on the top but i am doing it.
Well i have to teach more and more.This will be long ride...Learning and learning
Gold is easy to trade with some...
This is a very complex question, however.
A discussion paper based on a statistical study of intraday/interday volatility (using Garman Klass estimator) finds a correlation with price sensitive information from other asset markets.
In other words, gold price is not discovered independently (by gold traders themselves). To a large extent, price discovery is shrouded in mystery (NOT transparent). Public reporting regulations would be a huge benefit to small-scale traders as we will finally have a glimpse at who the major players are and how they are affecting price discovery.
Bankers, producers, and even mining companies play in the futures market and often hedge with sell positions for price stability. If price discovery were wholly determined by investment demand as an inflation hedge (exclusively upward pressure), it would be much more difficult to sell physical gold for these mining companies, jewellers, and others. I personally think there are problems when you have inside players affecting price discovery - for example, you can guarantee someone is playing the derivatives market with this information.
Here is the conclusion of the discussion paper:
"The stochastic nature of volatility in the gold market is therefore consistent with the complex interaction of price sensitive information from other asset markets rather than the price discovery actions of traders within the gold market itself. These findings are of considerable importance for gold investors and traders. Arbitrage between gold products for example, will be more difficult than otherwise expected based on historic short-term correlation and long term cointegration relationships. Thus, derivatives portfolios should be constantly rebalanced to accommodate the changing dynamics from these same short-lived price interactions with other asset
markets" (Batten & Lucey, 2007, p. 5).
http://www.tcd.ie/iiis/documents/dis.../iiisdp225.pdf
- #12,208
- Oct 19, 2011 12:35pm Oct 19, 2011 12:35pm
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Starting to look a bit wobbly. 4H is forming a bit of an H&Sish type pattern which if it plays out the neckline will coincide with the 23.6 fib ret at around 1624.
If they're going to push it down to get a better entry to long I kind of wish they'd get it over and done with.. That being said I can see it ranging on until after the weekend when this EU thing supposedly gets sorted...
I'm happy for it to bounce between 2 fib levels and pick off $5-10-20 moves
If they're going to push it down to get a better entry to long I kind of wish they'd get it over and done with.. That being said I can see it ranging on until after the weekend when this EU thing supposedly gets sorted...
I'm happy for it to bounce between 2 fib levels and pick off $5-10-20 moves
Anything can happen.
- #12,210
- Edited 6:10pm Oct 19, 2011 5:55pm | Edited 6:10pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
...
Here is the conclusion of the discussion paper:
"The stochastic nature of volatility in the gold market is therefore consistent with the complex interaction of price sensitive information from other asset markets rather than the price discovery actions of traders within the gold market itself. These findings are of considerable importance for gold investors and traders. Arbitrage between gold products for example, will be more difficult than otherwise expected based on historic short-term correlation and long term cointegration relationships....
*Note: Ads Selling stuff on site.*
*I am not affiliated in any way.*
http://futures.tradingcharts.com/mar...php3?market=GC
My suggestion, before you start asking me how to 'Read' the plethora (lots) of Info there, would be to explore it Before you type... "Silly Q. but what does .xx. mean.
Currently; Spot Gold is Trading @ 1,642.29. (Down $17.00 at the Close) {The Web Link will have changed by the time you get there so I took a Scr.Sht.
Futures are down an avg. of 5.00 or there abouts.
Does That tell you anything?
}
A Metric Tonne of Trading Info waaayyy outside of FX.
Bill
- #12,211
- Oct 19, 2011 6:07pm Oct 19, 2011 6:07pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #12,212
- Oct 19, 2011 6:39pm Oct 19, 2011 6:39pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
I expect ~ 1,635 to Hold The Bull to defend a trench.
1,665 may cause a hiccup Retrace south but 1,706 is still in play.
B
1,665 may cause a hiccup Retrace south but 1,706 is still in play.
B
- #12,216
- Oct 19, 2011 8:19pm Oct 19, 2011 8:19pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
