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

Who wants to post a trade for the account.

I am going to scalp some so the account is visible.

We have 1 mil.

Think of position trading. I am not going to waste my time running this thing for scalping or day trading.

SWING or POSITION

In essence this last downswing / correction / bernaked / screwing with markets was mostly pathetic.

The central BANKS - IE: THE FED, THE BOJ, THE BOE, THE SNB, THE ECB, even the IMF and the BIS DO NOT want an extremely HIGH gold price due to the fact that all it does is further expose the FIAT PAPER PONZI SCHEME THAT the GLOBAL ECONOMY is BASED ON.

PAPER money is WORTHLESS.

Sure it's Great to trade and make a profit, but in the end IT IS A piece of paper that claims it's value in the shortest sweetest terms possible "just cause."

Why do you think before we could count GOLD has been sought after?

Here is some reading.

FIAT CURRENCY
Hyperinflation
http://upload.wikimedia.org/wikipedi..._utan_1946.jpg
Hyperinflation in Zimbabwe
Recession
deflation
Gold Standard. -- NO ONE IS SAYING IT IS POSSIBLE ANY MORE SO SAVE IT. There IS however a MIXTURE of different metals that could be used to give MONEY REAL VALUE. - Oh, I forgot we are in a recession for fun...


MANY OF YOU HAVE NO C L U E ABOUT THIS> NOW READ
EXECUTIVE ORDER 6102
"Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation."

Great idea right???? MORE////////////////////

"Rationalization

The order was rationalized on the grounds that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.[1] The New York Times, on April 6, 1933 p. 16, wrote under the headline "Hoarding of Gold", "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 fine or ten years imprisonment or both."[2]"

PLEASE, PLEASE, PLEASE, YOU and Your stinking GVMNT were FLAT OUT BROKE. SO, you thought it kind to ROB THE PEOPLE.... AND, if they DIDN"T comply - FINE EM'. WHAT A JOKE.. But gold has no value right?

MORE................

"Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $371.10 today[3]) per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.[citation nee"
http://en.wikipedia.org/wiki/Executive_Order_6102

Now go and partyyyyyyyyyyyyyyy

it"s friday!!!!!!!!!
X

No FX brokers.

Maybe Ninja Trader or CQG - not sure if CME does - they might.

A lot of futures platforms only offer the means to place trades and the charting is done by a third party software.

There is a lot more to be aware of when trading futures.
It is far more expensive to trade than FX or at least the most liquid contracts are.

Beeb or Pomegranate may have better answers. Beeb is not posting so wait for Mr. Pomm to come around.

You have to be aware of rollovers, expirations, margin, and a slew of different codes and other important things.

if you don't know much about it, get a firm handle on FX first.

Thanks XTrade.



I'm not interested in trading gold futures.

My real intention was trying to find out if gold futures can provide us reliable volume data through a demo account.


I wanted to try futures volume analysis and fx trading.

Just a crazy idea.

Keep in mind price breached 1700 yet quickly regained 1705+ support and settled above 1700.

Weekly bull flag looks to be negated.

INV HS still possible -

Symmetrical triangle formed over 5 weeks most certainly still in play.

An 80 USD drop in the scheme of things is minuscule, yet a nice short at that.

Looks like more of a panic sell, profit taking, and stop triggering than an actual downtrend start or reversal for that matter.
X

It seems you are trying to trade order flow or VSA.
VOLUME SPREAD ANALYSIS.

Take a look a MalcomB's thread on VSA if he is still posting in it. Or look up LUBO LABO here on FX FACTORY he may be able to help you.
Otherwise just search for a good volume indicator. Another thing that FX brokers (most of them) lack - is a price ladder. Look that up too.

Otherwise look up VSA and BIG ORDER FLOW.

There should be a way to get realtime volume through the CME.But this is FUTURES volume not spot.

The problem is that any spot FX broker can only show you the volume for that broker. In this case try the above, or open an account with the BIGGEST worldwide broker offering spot gold. Not promoting them but someone like FXCM or Dukascopy comes to mind.

There are some expensive brokers like

Interactive Brokers --- NO AFFILIATION
and ...... uggg. Can't remember the other.
Maybe TD,

That will allow you to trade Bonds, Options, Futures, FX, and Stox all from one account. They will use various liquidity providers depending on the market in which you are trading.

You don't need to be a volume pro to be a successful gold trader....

X, Sir sometimes i feel we become too much biased, we need some Balance.

Yes gold has to go over $2000 and it is moving toward it but at what speed do we want it to go see $2500 or $3000?

Just a few years back it was $400.

Dollar's purchasing power has not fallen that much.

Gold is indeed going through a correction of Decades, but that doesn't mean that the price of Bread has gone from $1 to $5 in this period of $400 to $1900 gold

Correction of high speed up, to high speed down from $1800 to $1700, what is the big deal in it? i still want it to see at $1650 (it won't profit me, it will be a loss) but there it will find some feet to stand up.

And Silver needs more correction, because the market is gold driven, if we want gold to shoot, Silver should go down a bit in my opinion, then again rise with gold

Suggest spending some time listening to this:

http://kingworldnews.com/kingworldne...ld_Market.html

SI Daily:

http://www.screencast.com/t/G1GFQJcNvUJx

Closer:

http://www.screencast.com/t/oflnKrDs8cYU

GC Daily:

http://www.screencast.com/t/x79bzHhqXIJY

beeb

Thank you, Mr. Beeb.

breeze

Part and Parcel of Trading, Speculation & Manipulation

Gold likely do a head & shoulders pattern with the E-waves corrective mode within the range between support and resistance?

My experience is the opposite. They are one the of the least expensive futures brokers.

$4.60 round turn, for example for GC.

Agreed.

I do not want to see the price too overblown myself and prefer a more steady upwards movement with correction when necessary.

At current the upwards momentum was meager at best and the correction was overblown. We are oversold.

There were no new highs made.

Yet this is why I remind people that gold is very headline driven, as well as fear and greed and manipulation.

Now, if the chart cannot regain some bullish ground we may be due for a further correction to perhaps the 1500 level.

1650 would be optimal as it would be a test of the broken DTL that formed the symmetrical triangle.

This move down was based on a few things as I mentioned previously.

All the patterns and PA have been pointing towards a further continuation of a bull move.

In the scheme of things the correction was small. Yet this will indeed scare away some of the large cap speculators who can drive the price.

I am a bull trader due to the past 10 years of a run + we have had.

If the time comes to take serious position shorts I will do so and give signals, yet at the same time welcome the correction as an opportunity to buy more physical gold and silver.

EDIT: IT was OVER a DECADE ago the price was 400

For those of you who are too lazy - from Link one of beeb's post.

Thanks for posting buddy! Hope to hear more from you.

"This morning, in an exclusive interview, London whistleblower Andrew Maguire told King World News that the launch of a physical gold and silver exchange in China was interfered with and subsequently killed by a New York based entity with very powerful Chinese connections. Maguire also said Wednesday’s smash in gold and silver was blatant manipulation. Here is what Maguire had to say about the situation: “Well, Eric, it couldn’t have been more blatant (intervention in the gold market) could it? Talk about not worrying about hiding your footprints. This was obviously sanctioned somewhere at a higher level because the amounts of contracts, paper contracts that hit the market, all at once, within seconds of each other, this was not normal trading.”

Andrew Maguire continues:

“This (manipulation) was 100% to protect resistance levels that were about to be breached. However, I don’t think for a minute this has fooled anybody. Anyone in the physical market was waiting for something like this. You only have to have enough of the weak money in there and sure enough they will flush it out.

They (commercials) have been meeting these guys (futures buyers) head on, one for one, short for long, for the last couple of weeks. We’ve been seeing it build up and all they (commercials) have done is cash it in....

Continue reading the Andrew Maguire interview below..."

To clarify,
Some FX brokers will let you trade CFDs which mimic commodities with a 200 $ account.

IB will not let you start an account with 200$.

Thus, I mean expense in terms of startup risk capital.

I know I sound like a broken record re Bemac's ICCE, but I'd really like to know how he gets the manipulators to follow his charts so well - the gold one in particular! LOL