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

  • #13,661
  • Nov 25, 2011 5:16am Nov 25, 2011 5:16am
Yes it seems that short EUR = free money at the moment. Not looking to pick any kind of reversals on anything until I see big strong green candles on higher timeframes.
Anything can happen.
  • #13,662
  • Nov 25, 2011 5:26am Nov 25, 2011 5:26am
Quoting Goldmansacks
(sorry to be morally defunct)
I would call it using your investment nouse to take advantage of market conditions / situations that others have recklessly put themselves (and seemingly now pretty much the rest of the world) in. Plenty of big players profited from the misery of people who lost pretty much everything over the last few years, it's not like you are foreclosing on anyone, you are just taking advantage of an investment opportunity that has been created by the greed of others. Well researched!
  • #13,663
  • Nov 25, 2011 6:12am Nov 25, 2011 6:12am
Quoting XTrade
Referencing my last post on this topic (like one or two back) the lines I drew should be fairly self explanatory. And I need to get ready for dinner.
Thank you, Sir!

I understand that at times correlation is obvious, but at times there is none. Thus when and why are the questions I must find answers for.
Patience is magic
  • #13,664
  • Nov 25, 2011 7:36am Nov 25, 2011 7:36am
Quoting Goldmansacks
...... and yes I know it is part of the problem, and I am not overly proud, but..........
You still would be risking $1000. What problem? Because of the possible high payout.

Don't believe the moralising of others. We each make our own choices. Not society. Ya know Islam does not believe in interest and actually in the bible it is a no-no. Where would the western world be if that thinking had never changed.

We'd all be living like in Afghanistan.
  • #13,665
  • Nov 25, 2011 7:40am Nov 25, 2011 7:40am
Quoting CathS
I would call it using your investment nouse to ........


But the govmint is goona get cha - especially if some "OWS" have their way.
  • #13,666
  • Nov 25, 2011 8:03am Nov 25, 2011 8:03am
Quoting Goldmansacks
I agree about the gambling bit....


but (I have no shame it seems) did you know you can now as a retail customer buy into an equivalent of a CDS? you can buy into something called a Credit Event Binary Option, whereby you can for example at the moment open a contract for $1,000 , expiry for say December 2013, based on Bank of America having a "Credit event" between now and Dec 2013, and yeah it pays out $100,000 if it happens.... $0 if it does not, but not a bad punt in my opinion... I am just in the process of talking to the...
No need to be sorry. Speculating on gold is no more moral than buying a $1000 CDS unless you are in a position to generate rumours and influence others through insider activities.

I genuinely do not believe people are immoral for abiding by and taking advantage of a shift in the rules. Did you introduce the CDS, Goldman?

Some might argue that your participation equates to complacency that makes you just as immoral as the fat cats that came of with this notion, but my point was that the introduction of CDS in the early 1990s contributed to fiscal instability which is obviously rampant today, rather than a moral decline.

I take responsibility for the initial off topic comment, but having responsible rules (regulations) and notions of morality in the Western world does not mean we are going to turn into a society that oppresses women and stones "infidels" to death like Afghanistan.

It just means we need to put a check on our instincts. Greed may be a positive force in the market place of the 1800s, but the game has changed and we are teetering toward fiscal calamity.

To reiterate, you are not morally defunct for following rules established. The question is whether or not the latest rules of the game are steering the western world toward a cliff, or at least toward some unnecessarily excessive instability. Those responsible for the CDS are in my mind among the more parasitic participants in the market place (perhaps more so than those lazy welfare bums).

I respect and appreciate the difference of opinion from others, though.
  • #13,667
  • Nov 25, 2011 8:07am Nov 25, 2011 8:07am
"Capitalism without bankruptcy is like Christianity without hell."

I don't care about what financial instruments these shyster bankers come up with as long as they go bankrupt when they blow up. You can't have a moral system of risk vs. reward if there is only reward and no risk because you are going to get bailed out.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13,668
  • Edited 8:24am Nov 25, 2011 8:12am | Edited 8:24am
Quoting LasVahGoose
........... You can't have a moral system of risk vs. reward if there is only reward and no risk .........
That I totally agree with. No "too big to fail". But if they want to risk it then let them. Good riddence if they fail.

No nanny-state for me.
  • #13,669
  • Nov 25, 2011 8:36am Nov 25, 2011 8:36am
Quoting SunTrader
You still would be risking $1000. What problem? Because of the possible high payout.

Don't believe the moralising of others. We each make our own choices. Not society. Ya know Islam does not believe in interest and actually in the bible it is a no-no. Where would the western world be if that thinking had never changed.

We'd all be living like in Afghanistan.
You better do a little more research on the subject.

Was it Interest that took you out of the dark ages? or was it Knowledge? We Muslims started going down when we left our command which says, "Seek Knowledge".
We have become the laziest people in the world that is what pushing us down the drain.

And for your information, Pushtun people(Afghanistan) are quite into Interest, more than other Muslims.

Do you know when you were dwelling in dark age the Muslims were busy getting Educated, Islamic Spain is an example for you.

We are off-topic but let me clear you on this, your debt problem:
http://en.wikipedia.org/wiki/List_of..._external_debt
can easily be resolved if you come to Islamic Banking, Banking system based upon Profit & Loss sharing.

You alone have $47,500 on your head, i have $343
  • #13,670
  • Nov 25, 2011 8:49am Nov 25, 2011 8:49am
Quoting forexfacts
You better do a little more research on the subject......
All well and good. But saying the Muslim world used to be on top of the world knowledge wise is a hollow victory. I didn't say Afghanistan does not charge interest, it is an outlaw stoneage world and does what it wants to.

Little debt with also little earning power is another hollow victory.
  • #13,671
  • Nov 25, 2011 9:17am Nov 25, 2011 9:17am
Quoting SunTrader
All well and good. But saying the Muslim world used to be on top of the world knowledge wise is a hollow victory. I didn't say Afghanistan does not charge interest, it is an outlaw stoneage world and does what it wants to.

Little debt with also little earning power is another hollow victory.
It is a Lengthy subject and can take Forever to satisfy you, which you may never will, but did you know, out of 5 Pillars of Islam, Zakat (Charity) is Compulsory upon every individual holding 87.5 grams of gold or Equivalent wealth in cash or possessions.

At the rate of 2.5% (1/40) of your wealth Each Year.

For years i like most of the Muslims today, did not used to pay this Compulsory Charity, the year i have started doing it, God Almighty has made me a happy man, strange but a Fact that i know, you may not understand but i have experienced

Today we are busy doing things like these instead of doing the Compulsory obligation:

http://abcnews.go.com/Business/FunMo...ory?id=4301197

We are way off-topic now, i am sorry!
  • #13,672
  • Nov 25, 2011 9:24am Nov 25, 2011 9:24am
Again - sorry for starting this exchange Xtrade.

Anyone notice the latest perk up.

I'm curious (and not in an actionable way) to see what happens on the next M15 bar.

Would be interesting to see a break through 1700.
  • #13,673
  • Nov 25, 2011 9:32am Nov 25, 2011 9:32am
Quoting forexfacts
It is a Lengthy subject and can take Forever to satisfy you, which you may never will, ...
You are right but what does this have to do with modern society allowing for interest on money loaned? We all can have or not have our religiouis beliefs. It is a free world, at least for most of us, when it comes to beliefs.

The modern world learned much of what came from the ancient world but we also moved on and learned much much more.

We should also move on ... back to Gold.
  • #13,674
  • Nov 25, 2011 9:37am Nov 25, 2011 9:37am
Quoting SunTrader
You are right but what does this have to do with modern society allowing for interest on money loaned? We all can have or not have our religiouis beliefs. It is a free world, at least for most of us, when it comes to beliefs.

The modern world learned much of what came from the ancient world but we also moved on and learned much much more.

We should also move on ... back to Gold.
Yes, back to gold Seek Knowledge, i'll keep asking questions have a good day!
  • #13,675
  • Nov 25, 2011 9:42am Nov 25, 2011 9:42am
Quoting Wheels
Again - sorry for starting this exchange Xtrade.

Anyone notice the latest perk up.

I'm curious (and not in an actionable way) to see what happens on the next M15 bar.

Would be interesting to see a break through 1700.
Not a huge push upward sustained on M15, but still watching. I can't tell if it is slowing down and meeting resistance.

I sure hope you are right about the coming drop SunTrader. I realize you aren't making a call cast in stone.

I would be delighted if price dropped to extreme lows. The silver I own is for the long haul (win or lose), and an entry on gold from a new low would be awesome, not to mention the fact that I would love to take a nice profit on my hedging sell.
  • #13,676
  • Nov 25, 2011 10:27am Nov 25, 2011 10:27am
Some reading material for all.

http://www.bloomberg.com/news/2011-1...mmodities.html

http://www.zerohedge.com/news/curren...-october-alone
  • #13,677
  • Nov 25, 2011 6:57pm Nov 25, 2011 6:57pm
Quoting LasVahGoose
"Capitalism without bankruptcy is like Christianity without hell."

I don't care about what financial instruments these shyster bankers come up with as long as they go bankrupt when they blow up. You can't have a moral system of risk vs. reward if there is only reward and no risk because you are going to get bailed out.
Just ThFacts man.
I agree.
Why do I have to risk it All & they take a couple of Years(or decades of) Profit & Huge Paychecks & then say...
Oooops...We're outta here; But if you want to give us More Money we can save 100 more parasite Jobs; for a while...

GoodOnYay Goose:

B
  • #13,678
  • Nov 27, 2011 4:57am Nov 27, 2011 4:57am
Quoting Bemac
.....
Reminder: Check to see if your MT4 Provider added Gold/Euro to your list of "Pairs"
... a belated "thankyou" (about 10 pages late)...and.... "Stay on track BUT Remember to Drop it cause The Kids just want MOM. You know what I mean." - yes I do, but thanks for the rerminder, they and I appreciate it!!
  • #13,679
  • Nov 27, 2011 11:38am Nov 27, 2011 11:38am
Been weeks and weeks I haven't checked out you brilliant people at this thread! Been extremely busy trading physical bullions, found myself trading foreign currencies too.... well, bad spreads for physical trading I must say, but it's safer. Neglecting my XAU derivatives account, but will be back next year!

So what's with the constant price..I guess gold's kind of stabilising its price... anybody wiping out 2000/tr ounce hope for gold by end of 2011 yet?
trading is my zen
  • #13,680
  • Nov 27, 2011 11:40am Nov 27, 2011 11:40am
Quoting forexfacts
It is a Lengthy subject and can take Forever to satisfy you, which you may never will, but did you know, out of 5 Pillars of Islam, Zakat (Charity) is Compulsory upon every individual holding 87.5 grams of gold or Equivalent wealth in cash or possessions.

At the rate of 2.5% (1/40) of your wealth Each Year.

For years i like most of the Muslims today, did not used to pay this Compulsory Charity, the year i have started doing it, God Almighty has made me a happy man, strange but a Fact that i know, you may not understand but i have experienced...
Yes. out of topic. and very sensitive too. Start a new thread.
trading is my zen
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