railroad tracks seen on 30min, looks to be setting up for a key reversal day, though i'm a buyer at 1566
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #15,103
- Jan 6, 2012 9:00am Jan 6, 2012 9:00am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
time to TP those higher longs i took earlier - closed now. left with lowest still open
and here is my oil trade on a h/s neckline retrace and a eu support retrace
but my money maker was usdx
that little arrow i drew saved me from losing.
nice call on the bear move south btw have fun gold bears
and here is my oil trade on a h/s neckline retrace and a eu support retrace
but my money maker was usdx
that little arrow i drew saved me from losing.
nice call on the bear move south btw have fun gold bears
Have I got something on my face, SOLDIER?
- #15,106
- Jan 6, 2012 9:27am Jan 6, 2012 9:27am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts
- #15,109
- Jan 6, 2012 1:04pm Jan 6, 2012 1:04pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
DID enyone noticed end of correlation eurusd/xauusd? Look at euro drop
yeah x said (its true and not just solely true JUST because x said it
) that gold is a whole different "currency" and not paper currency like EUR or USD or GBPs etc. Gold is not printed but harvested from the earth. with more and more gold gone from the earth, prices should rise due to increasing demand. more importantly, gold can reach its "safe haven value" if it continues to maintain this non correlation to anything. but the thing is that the whole worlds financial crisis is still very much in play. climax is barely there i think. but based on the kondratieff cycle this year 2011 - 2012 should be the point of the climax and when that happens, at that valley of economic turmoil IS the point of most financial opportunity , and that is why gold is possible of rising since we are near the peak of the crisis based on that cycle.
but when really is the peak? the cycle has a deviation of around 1 year. so theres no bad reason that gold could drop too.
heres a chart i did on another broker who has longer history of long term gold on their chart s on the weekly.
to me its really a steep angle the gold uptrend. its steeper and steeper and steeper by time passing.
what can we expect to happen 1-4 weeks from now? continuation? more likely yes due to the flagging sort of formation and price falling to rise at the timeline maybe. and price maintaing the 1x1 line angle hold.. but the thing about selling gold is that ure going to get a move that reverses what a bul market did in 3 days all in 1.
any thoughts on 1-4 weeks time posibliyty on gold?
will appreciate bull/or even bear possibilities - id like to hear the sentiment in the room
Have I got something on my face, SOLDIER?
- #15,110
- Jan 6, 2012 7:19pm Jan 6, 2012 7:19pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #15,113
- Jan 7, 2012 8:26am Jan 7, 2012 8:26am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts
- #15,114
- Jan 7, 2012 10:00am Jan 7, 2012 10:00am
Silver Price history, what does it tell: what goes up must come down ?
Attachment
Even when the paper is constantly loosing its value ?
Attachment
Fact is, the new normal is here - (replacing the last new normal). People will try to cram this new model of volatility into templates based on past market behaviour, but it will be mistaken.
As they say, past results do not guarantee future performance.
While I agree with the vast majority of what Suntrader has said recently (especially love the lies, damn lies, and statistics comment), it is folly to continue looking into the past to determine the future performance of commodities that will become increasingly difficult and expensive to extract.
The amount of dollars earned is an especially astute point because it is indicative of inflation and indirectly reiterates the argument that at this price, gold has barely kept pace with the inflation of everything else.
Inflation and the fact that precious metals are more expensive to extract should make a new floor in the price.
Wherever this floor lies is unknown to me, but I'm going to stick with the price fixing scenario. Eventually these guys will be holding the hot potato when the music stops. When the music stops, we will find a new ceiling - followed by a new floor above the $25-29 level.
- #15,116
- Edited 10:31am Jan 7, 2012 10:12am | Edited 10:31am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Silver Price history, what does it tell: what goes up must come down ?
Attachment
Even when the paper is constantly loosing its value ?
Attachment
i am interested in ur first chart. in market geometry one could use a parabola for trading and its actually more of market symettrry...
here is an example -
i only use it in low timeframes like the hourly charts though, never looked at such big long term charts and cannot confirm the validiity as i never tried so but it would look to deadly and drive silver back to a 1 digit value IF it is valid.
i am not too sure that could happen but who knows..
if we take that chart and draw a parabola... thats too huge of a crash. last time was so severe it drove (based on ur chart) from $50s value to 5-8 bucks in 3 years, therefore if we use the the same analogy - in 2015 silver would be at 1 digit value.
and that is if that parabola (try to imagine it based on his chart) is valid.
imagine this is a silver chart :
its actually gbpdollar on 1 hour but nonetheless
Have I got something on my face, SOLDIER?
Yes i agree the new norms are here (at least in the physical world) today i went to a Gold and Silver jeweller and had a chat with him, he said that $1600 and $28 are just as normal now as $400 and $5 - $6 used to be, so it is like that in the world where these metals are consumed, don't know whats on the mind of those who Move the Markets, lets see 
- #15,119
- Jan 7, 2012 10:35am Jan 7, 2012 10:35am
Yes i agree the new norms are here (at least in the physical world) today i went to a Gold and Silver jeweller and had a chat with him, he said that $1600 and $28 are just as normal now as $400 and $5 - $6 used to be, so it is like that in the world where these metals are consumed, don't know whats on the mind of those who Move the Markets, lets see
Who do you think owns these stores? Would you open up a business that buys physical gold and silver if you didn't have solid information?
New normal is here. Single digit silver is out of the question unless some serious fraudulent activity and directed price fixing is underway.
unless some serious fraudulent activity and directed price fixing is underway.
They rule the world (at least thats what they think, the ruler is Almighty Alone).
They make any unlawful thing lawful.
They'll lie on our face and still stay in power, white lies.
But eventually they'll want their real wealth, "real wealth" lol (metals and stones they make piles of) to grow.
But they are great manipulators so exact opposite of what we think can happen, these prices could be enough for them in the metals, so nothing can be said with surety, they might start shorting from here, who knows? still from a bird's eye view (as they are human too) at least Silver is at a price too good to let go.
Bumapatria, Welcome back man