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Gold futures & XAU 78 replies

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

wow, Thanks for the link Caths, here it is:

Inserted Video
Quoting CathS
I saw this on the EurAnalysis thread (posted by Knoholygrail & PipTrapper), and think it's worthwhile listening to - if the events suggested here pan out market volitility will skyrocket, but ultimately it will be bullish for commodities - gold is mentioned specifically several times.

Of course I couldn't work out how to post it in a better format, but the interview in question is currently sitting very prominently on the first page of the jsmineset website (some dinosaurish things are hard to overcome )

http://www.jsmineset.com/...
Thanks, it's very interesting, makes sense and that's worrying...

W
Quoting Walt
Thanks, it's very interesting, makes sense and that's worrying...

W
it's just opinion.... the market will show us all the way.
1745 is make or break.
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Don't get mad, get even!
i can not good englisch, what say ellis martin in the interview?


thx
Quoting stevebalmmer
i can not good englisch, what say ellis martin in the interview?


thx
5 banks in the US possibly going down.
if i am not mistaken
Have I got something on my face, SOLDIER?
Quoting stevebalmmer
i can not good englisch, what say ellis martin in the interview?


thx
5 big banks are going to default, $ going down.
and gold can go up!

Quoting forexfacts
5 big banks are going to default, $ going down.
  • #15,929
  • Quote
  • Edited 10:51am Jan 31, 2012 10:10am | Edited 10:51am
Quoting XTrade
Remember what the DXY is based on,

...
That is why I look, for a longterm view, at TWI - the Fed's Dollar Trade Weighted Index.

Drawback is it is updated like COT, late. Once a week every Tuesday afternoon for the previous week.
is this a good indicator of Gold?
give it a live chart?
steve

Quoting SunTrader
That is why I look, for alongterm view, at TWI - the Fed's Dollar Trade Weighted Index.
Ellis Martin, who dat?

Google had to dig a little.

Went to his website and found Interview subjects such as:

Dudley Baker's Strategy for 1000-2000% Potential Returns on Stock Investments, as well as bulletin board and OTC penny stock discussions

Also for the written Sinclair interview it opens with:

I'm Ellis Martin with an editor's note for The Ellis Martin Report. Usually when I do a phone interview with a guest analyst and sponsor companies I'll spend time editing it down, sprucing it - in other words he gets paid to publicize companies.


Red flags to me. Just sayin'
still sidelined for now.. looks like a markup on the dollar so the strong holders can get rid of more supply
Hi everyone, look at the way price hit trend line exactly and retraced.
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thats the question, is it go up or down at the trendline?
Quoting fuse
Hi everyone, look at the way price hit trend line exactly and retraced.
Quoting stevebalmmer
thats the question, is it go up or down at the trendline?
I guess it will test the trend line then decide. My guess is it will continue down, I took a short at the first resistance 1,732.70 SL 1,740.00 will see how it goes.
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Quoting Dyekid217
still sidelined for now.. looks like a markup on the dollar so the strong holders can get rid of more supply
Strong holders hold. They don't get rid of supply after a two week drop.

I'm thinking a bottom if only short term is being put in as all the main dollar pairs in oversold levels (although as always it doesn't mean they can't get more oversold):
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Well then where does redistribution come into play only at tops??
USD oversold is, could this mean, nevertheless the gold again go up should ?
Quoting SunTrader
Strong holders hold. They don't get rid of supply after a two week drop.

I'm thinking a bottom if only short term is being put in as all the main dollar pairs in oversold levels (although as always it doesn't mean they can't get more oversold):
Quoting Dyekid217
Well then where does redistribution come into play only at tops??
Tops mostly form due to a lack of buyers. Not an abundance of sellers. Vice versa for bottoms.

But look at DXY for the last two weeks. Nothing but down days and some unchanged bars. Somebody had to be selling. I believe it was the smart money. And unless they believe the selling will accelerate (always a possibility) they would now be buying against the crowd, weak buyers, that is now selling.
the way I look at it is that there was a huge news release today that manipulated the market (hence the mark-up on the dollar) forcing weak holders into the long market while february could see new dollar lows.

plus the usd has already broken last months lows with the dollar bearish throughout the entire month of jan.

I dont see support here just yet because of a news release. I never trade the news. but regardless of whatever today does I'm interested in the coming weeks rather than just 1 day.

I won't be bullish on the dollar until next monthly candle confirms the reversal. So if the dollar continues to fall throughout feb i'll be looking to long on xau/usd

plus the lack of buyers would show low volume not high volume... the high volume on the 4hr has caused price to reverse?? i dont see buyers here..

screenshot soon hold up
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