12jan12
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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #15,282
- Jan 12, 2012 8:09am Jan 12, 2012 8:09am
Long on this bounce:
http://img404.imageshack.us/img404/9030/hereb.png
Life's a bitch....so be a dog and cover it!
- #15,283
- Jan 12, 2012 8:10am Jan 12, 2012 8:10am
Agree, the current markup needs some correction before the bulls take complete command.
Not sure about the wars though
Not sure about the wars though
....I'm a bear of gold in the short term.
Long term, I'm a bull. This fits in well with the infaltionary megatrend that we are currently witnessing.
I think within the next few days we will see some huge spikes down, along with stock markets and other commodities.
USD will go much higher in meantime, which will depress hard assets in the short term, but not the long term.
After this, you want to be a long time short of all paper assets (last chance imho).
Then, we will get super high inflation, but on a global scale. Expect wars and...
Patience is magic
- #15,287
- Jan 12, 2012 8:15am Jan 12, 2012 8:15am
....I'm a bear of gold in the short term.
Long term, I'm a bull. This fits in well with the infaltionary megatrend that we are currently witnessing.
I think within the next few days we will see some huge spikes down, along with stock markets and other commodities.
USD will go much higher in meantime, which will depress hard assets in the short term, but not the long term.
After this, you want to be a long time short of all paper assets (last chance imho).
Then, we will get super high inflation, but on a global scale. Expect wars and...
Life's a bitch....so be a dog and cover it!
- #15,291
- Jan 12, 2012 8:29am Jan 12, 2012 8:29am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,292
- Edited 9:01am Jan 12, 2012 8:47am | Edited 9:01am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
hard to catch tops on gold -
easy on crude.
hard to find good correlation to gold (except silver)
here is crude vs gold correltion chart obviously off.
PS - i refuse gold to tame me. i will understand it more research about it more and will traed both long and short according to factors i have on hand. I will tame gold. in time. All shorts stopped out.
well done bulls !
easy on crude.
hard to find good correlation to gold (except silver)
here is crude vs gold correltion chart obviously off.
PS - i refuse gold to tame me. i will understand it more research about it more and will traed both long and short according to factors i have on hand. I will tame gold. in time. All shorts stopped out.
well done bulls !
Have I got something on my face, SOLDIER?
- #15,293
- Edited 8:58am Jan 12, 2012 8:48am | Edited 8:58am
- | Joined Sep 2009 | Status: Trader | 1,784 Posts
- #15,295
- Jan 12, 2012 9:17am Jan 12, 2012 9:17am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
I would like to share some of my learnings with the forum. I see a lot of people here trying to grab the tops and the bottoms, and I used to as well and got burned more times than I care to admit. Once in a while I caught one and it was great and that is what keeps pulling you in, but then you set your stops tight trying to catch the end of the trend and get stopped time and time again. One great analogy that I have adopted is one of the fish. You don't eat the tail or the head of a fish, the meat is in the body. Trading is the same. While...
I am a contrarian by nature worked out in EVERYTHING euro, gbp, crude, dow... BUT gold. - but this great post will help change me - becoem a better minded gold trader.
thats it - im going back to channel system i use for trendchaisng (which i gave up on ) but was the one that caught a nice long remember? at 1610?
i closed it before it even reached 50...
for melancholic(and educational)purposes here is the long.
u know it really makes u wonder - what the hell did i just do? i went short on all that - while i couldve profited a 50 buck move from those 2 longs x 2 would equal to 100 buck move (logically).
something to ponder about for everyone.
Gold is not a beast when u think about it. its just - different.
its hard to be contrarian on one and be all smooth and cool on the other. its hard having 2 mindsets for 2 instruments - but its not impossible. i will make this with effort.
Have I got something on my face, SOLDIER?
- #15,296
- Edited 10:08am Jan 12, 2012 9:37am | Edited 10:08am
- | Joined Sep 2009 | Status: Trader | 1,784 Posts
- #15,297
- Jan 12, 2012 9:41am Jan 12, 2012 9:41am
I would like to share some of my learnings with the forum. I see a lot of people here trying to grab the tops and the bottoms, and I used to as well and got burned more times than I care to admit. Once in a while I caught one and it was great and that is what keeps pulling you in, but then you set your stops tight trying to catch the end of the trend and get stopped time and time again. One great analogy that I have adopted is one of the fish. You don't eat the tail or the head of a fish, the meat is in the body. Trading is the same. While...
- #15,298
- Jan 12, 2012 9:44am Jan 12, 2012 9:44am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
