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

  • #12,981
  • Nov 10, 2011 12:30pm Nov 10, 2011 12:30pm
why you above about 1800?
Quoting Wheels
Xtrade has not been talking about going short (did I miss a post?), deep pockets or not. Trying to guess small corrections in obvious up trends is a one way ticket to losing trades.

These are shark invested waters.

Leverage is the enemy.

Dips will not be predictable, but my money is still on gold above 1800.
  • #12,982
  • Nov 10, 2011 12:44pm Nov 10, 2011 12:44pm
Quoting stevebalmmer
why you above about 1800?
Hmmm?

My analysis is fundamental and news oriented. I tend to think spot price is influenced particularly by certain key players and my subjective analysis of ongoing price action is that gold is still in play for another rise sooner or later.

My full explanation would be slightly more academic and I won't bore everyone with such a long post, but there are a number of reasons why gold and silver will still be in play over the next two years. I could be wrong though. Can't remember whether this was a CITI analyst, but I remember a quote that stated the only thing worse than technical analysis is fundamental analysis.

Though I personally find technical analysis more speculative, I tend to think they are both a guessing game. Anything can change tomorrow.

Were you asking if I am already long above 1800s? Definitely not.
  • #12,983
  • Nov 10, 2011 1:01pm Nov 10, 2011 1:01pm
you are not invest this time!
please tell me more.
jim rogers says, Gold go higher to 2000.
Quoting Wheels
Hmmm?

My analysis is fundamental and news oriented. I tend to think spot price is influenced particularly by certain key players and my subjective analysis of ongoing price action is that gold is still in play for another rise sooner or later.

My full explanation would be slightly more academic and I won't bore everyone with such a long post, but there are a number of reasons why gold and silver will still be in play over the next two years. I could be wrong though. Can't remember whether this was a CITI analyst, but I remember a quote that...
  • #12,984
  • Nov 10, 2011 5:31pm Nov 10, 2011 5:31pm
Talk to me in 5 years, edit: (or in 2 quarters) then we'll see where this bubble is.

till then f-ck off if you don't like it.

Or don't buy it, keep putting your money under your mattress in what? Yen? CHF? USD?

Fiat currency is a bubble. Kept afloat by GVMNTS that are in a race to debase YOUR SPENDING POWER - BUB _

I suppose you are in the camp that thinks the GVMNTS have YOU in their best interest and really could give two sh!ts?

Right. And you have PAPER NOTES, backed by NOTHING.

X

It's COST not that I am a stickler for English... But........................
Quoting dbfusion
simple .

Gold is a bubble .

you buy a product which coasted the maker "the miners" average 700 USD per ounce at good 1800 USD.

and they keep bullshitting you its a safe haven all over the media.

even after losing 20% of its value in 2 weeks !! , some retards still think its safer to transfer their hard earned cash into gold than keeping Euro or USD at higher price than all time high price which was reached less than three months ago.

Pathetic !!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,985
  • Nov 10, 2011 5:32pm Nov 10, 2011 5:32pm
There is lots of posts about where gold is going in the long term and reasons why or why not is should go up. No one says it better than this guy so if you have not visited goldsilver.com... check this out, it's worth your 90 minutes and you may want to watch it twice.

http://goldsilver.com/video/debt-col...-mike-maloney/
  • #12,986
  • Nov 10, 2011 5:36pm Nov 10, 2011 5:36pm
Nice little diperoo,

Back on support.

I did mention to Buma - you could short at the top of my daily candle.

And see how far it get's you. AND what did we get????

A short..
And A long entry.

Correct.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,987
  • Nov 10, 2011 5:36pm Nov 10, 2011 5:36pm
Quoting Ravissek
I have no balls to keep my shorts.Closed short on -6$
Me neither! I think thats your first short on gold? Im looking forward 1800
  • #12,988
  • Nov 10, 2011 6:44pm Nov 10, 2011 6:44pm
Quoting XTrade
Nice little diperoo,

Back on support.

I did mention to Buma - you could short at the top of my daily candle.

And see how far it get's you. AND what did we get????

A short..
And A long entry.

Correct.
yes we did, x. and yes i did miss another short on gold, because im not meant to do so in accordance to discipline. ill double first my account then trade gold. looks tempting and on the wild side, and u can also lose a lot.

thats why its something new to me
i could even short it right now if its a currency i would! its perfect pa setup but gold... yeah gold... its gold.

i might find a broker for silver also when i have larger capital. silver i think i can hndle better than gold. the volatility is better and the swings are better than gold. in my opinion

x, i have a question: did u win more than u lost in gold? if u keep buying gold isnt it whatdya cal it... gold requires patience and tolerance especially for the whole trend tradeers rather than scalpers. so x, how do u trade gold? ive read i think 80% of ur high prboablity methods, but really, in ur persepctive of ur trades, how can one be successful trading gold?

and i wont take an anwser like: "make profit"..

thanx
Have I got something on my face, SOLDIER?
  • #12,989
  • Nov 10, 2011 8:01pm Nov 10, 2011 8:01pm
I was serious and made 15 points on the trade. ichimoku power. sold at 1766 bought back at 1741

Quoting SunTrader
You're not serious are you?

IMO risk off = Euro down, Dollar higher which is driving Gold down.
  • #12,990
  • Nov 10, 2011 8:03pm Nov 10, 2011 8:03pm
1730 bounce off the 100 SMA Daily.

Best entry.

1750 Pivot.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,991
  • Nov 10, 2011 8:08pm Nov 10, 2011 8:08pm
B.

Don't short Now. You will likely get burned. Trade GOLD small at first then go big, but give yourself about a Y E A R. at least to even consider that.

The short entry was at the top of the breakthrough bar.

We are currently testing the top of the weekly channel after the meager breakout.

I like it though. A pullback before moving higher is healthy. This SHOULD BE A GOOD RUN FELLAS. (and GALS)

Look for longs on the dips. Like today.

X


Quoting bumapatria
yes we did, x. and yes i did miss another short on gold, because im not meant to do so in accordance to discipline. ill double first my account then trade gold. looks tempting and on the wild side, and u can also lose a lot.

thats why its something new to me
i could even short it right now if its a currency i would! its perfect pa setup but gold... yeah gold... its gold.

i might find a broker for silver also when i have larger capital. silver i think i can hndle better than gold. the volatility is better and the swings are better than gold....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,992
  • Nov 10, 2011 8:15pm Nov 10, 2011 8:15pm
This dip is perfectly in line with a take off TL.

Here is the simplest of charts

HOUR 4
Attached Image (click to enlarge)
Click to Enlarge Name: gold in line nov.GIF Size: 26 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,993
  • Nov 10, 2011 8:15pm Nov 10, 2011 8:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: goldhammer.jpg Size: 87 KB


4 HR hammer candle atm the moment.

Quoting XTrade
1730 bounce off the 100 SMA Daily.

Best entry.

1750 Pivot.
  • #12,994
  • Nov 10, 2011 8:23pm Nov 10, 2011 8:23pm
The USD may or MAY NOT have an affect on Gold.

No longer as I have repeated since I started this thread is the simple

Conclusion or Deduction of High USD= Low Gold

G O L D - has become a much more independent and affected by GLOBAL means

not just the simple USD.


----------------------------------------

For instance, when the Euro hit new lows where did GOLD go?
When the dollar hits lows where does gold go?
When Gold and Oil drive the commod rage where does the price go?

------------------------------------------

It is a WIN WIN.

To those who don't like it, well don't cash in. But don't come here and spout your bitching mouths off....

Otherwise, I wish Bemac was on, BAN HAMMER!!!!!
Cause I am evil............

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,995
  • Nov 10, 2011 8:36pm Nov 10, 2011 8:36pm
Yes, or I would not be here. If you have an interest in GOLD and have been following the charts I DO NOT SUGGEST YOU TRADE SILVER DUE TO LOWER MARGIN... Trade GOLD first. Then as you follow Gold watch silver. Then begin to take small positions.
First D E M O trade it.

If you want post and ask about your demo trades, but, due to the fact there are people risking money, disclose the fact it is a demo.
Thats all i ask. You can learn a lot here. If you allow yourself to.

It is partially my fault we don't discuss SILVER as much. Yet, it is much harder to trade than Gold and I would say requires even more patience.

I am long Silver from 30 on PAPER. & 7 USD in hand. Per OZT - 700 per ozt Gold Physical.

Quoting bumapatria
x, i have a question: did u win more than u lost in gold? if u keep buying gold isnt it whatdya cal it... gold requires patience and tolerance especially for the whole trend tradeers rather than scalpers. so x, how do u trade gold? ive read i think 80% of ur high prboablity methods, but really, in ur persepctive of ur trades, how can one be successful trading gold?

and i wont take an anwser like: "make profit"..

thanx
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,996
  • Nov 10, 2011 8:42pm Nov 10, 2011 8:42pm
Quoting XTrade
Yes, or I would not be here. If you have an interest in GOLD and have been following the charts I DO NOT SUGGEST YOU TRADE SILVER DUE TO LOWER MARGIN... Trade GOLD first. Then as you follow Gold watch silver. Then begin to take small positions.
First D E M O trade it.

If you want post and ask about your demo trades, but, due to the fact there are people risking money, disclose the fact it is a demo.
Thats all i ask. You can learn a lot here. If you allow yourself to.

It is partially my fault we don't discuss SILVER as much. Yet, it is...
thanx xtrade, will do. i have been watching gold charts since morning and tried to sit on my hands not to do anything, and true enough it paid off. i need to know how it dances and moves in difference to whwat i am used to. gold is not my field yet, and to truly know her, i must do it step by step, too rough shell slap me.
Have I got something on my face, SOLDIER?
  • #12,997
  • Nov 10, 2011 8:48pm Nov 10, 2011 8:48pm
http://www.kitco.com/kitco-gold-index.html

says it all

Quoting XTrade
The USD may or MAY NOT have an affect on Gold.

No longer as I have repeated since I started this thread is the simple

Conclusion or Deduction of High USD= Low Gold

G O L D - has become a much more independent and affected by GLOBAL means

not just the simple USD.


----------------------------------------

For instance, when the Euro hit new lows where did GOLD go?
When the dollar hits lows where does gold go?
When Gold and Oil drive the commod rage where does the price go?

------------------------------------------

It is a WIN WIN.

To those...
  • #12,998
  • Nov 10, 2011 8:54pm Nov 10, 2011 8:54pm
my thoughts on gold currently.

trend is up, trend is our friend, and as xtrade said, buying the dips might be the lowest risk here.



right now i believe is a abc correction in place and should hit old resistance, and buyers most liekly defend their zone by making it support.
Attached Image (click to enlarge)
Click to Enlarge Name: lets se.gif Size: 21 KB


xtrade another question, say i buy gold at e.g. 1700, what is a reliable stop loss? most dont use SL, but i would find that hard to deal with, as i am a trader not much of an investor. can i have some insight on MM and traded management and risk management with gold? any expereince u have u would like to recommend? any eventualities i shoud look out for? what is the black swan possbilities? how do we minimize our risk exposure to that? is there a trap for buyers people usually take and lose? wat are in ur opinion the do's and dont's in gold? market is dynamic there is no rules, but what is ur usual routine?

thanx
Have I got something on my face, SOLDIER?
  • #12,999
  • Nov 10, 2011 9:20pm Nov 10, 2011 9:20pm
Quoting bumapatria
my thoughts on gold currently.

trend is up, trend is our friend, and as xtrade said, buying the dips might be the lowest risk here.



right now i believe is a abc correction in place and should hit old resistance, and buyers most liekly defend their zone by making it support.
Attachment

xtrade another question, say i buy gold at e.g. 1700, what is a reliable stop loss? most dont use SL, but i would find that hard to deal with, as i am a trader not much of an investor. can i have some insight on MM and traded management and risk...
Hmmm... This actually smells somwhat like Bait but If you can't see the 1,763 barrier on Your Chart, perhaps you should ask your broker where to Stop.

Guys: Seriously: How can you Possibly Calculate Lot Size if you haven't already calculated "Risk To"

B
  • #13,000
  • Nov 10, 2011 9:25pm Nov 10, 2011 9:25pm
Shoot from the Hip or Pre Plan?

I often react quickly but never (I wish) from the Hip.
So... How can we Plan Ahead for possible Turning Points?
Look to the History & Current PA.
Keep an eye on the Current Bid Line in History
Expect & compensate for Rookie E-Noise extending price Beyond targeted locations. Please say thank you before you Exit. But Exit on your Plan.

I have ICCE & a pretty comfortable handle on 'Y' Axis
Getting close to cracking the 'X' axis.
Please give me time.

btw. Gold Trouble Areas for the Bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: _nov 10 r levels left.gif Size: 39 KB


B
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