DislikedWhat's wrong with demo accounts? You want to learn to trade risking real money?
I think that's sadIgnored
Demos are for pussies
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
DislikedWhat's wrong with demo accounts? You want to learn to trade risking real money?
I think that's sadIgnored
Disliked<conspiracy theory>I wonder if they're pushing it up in preparation for a massive short tomorrow...</conspiracy theory>Ignored
Dislikedi am going short from 1700
i just dont see this move as 'real', especially at the time of US marketsIgnored
Dislikedi am going short from 1700
i just dont see this move as 'real', especially at the time of US marketsIgnored
DislikedLet's look at gold more holistically here.
1) Backwardation of WTI crude, meaning front month contract higher than later months suggesting a real supply squeeze not paper generated moves.
http://uk.reuters.com/article/2011/1...79O0T720111025
2) See the CRB index of which gold is a significant part.
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From this, would not want to short gold until CRB breaks 315 area, before this you are gambling i am long indefinately from 1695..Ignored
DislikedBut then again why do i always forget the ailing Dollar and the Euro, the Indian demand, those are real world factors and cannot be ignored.Ignored
DislikedThe problem is that previous correlations have been eroded.
No real reason why gold should shoot to the moon today so I think your skepticism is warranted.
That said, one cannot logically predict anything in a market run by <conspiracy> banksters </end conspiracy>.
Price action is dominated by a small core of interconnected banks and hedge funds. They sit on each others' boards and they invest in each others' businesses. Manipulation and insider trading may not even be intentional. Just an inevitable side effect of social clustering...Ignored