Thanks X.
I made a Poor election of words with the hedge thing.
I made a Poor election of words with the hedge thing.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedHi Mr. XTrade,
As I am still noob in XAU metal, I like to know more on the Bernanke speech coming. If he talk about more hawkish favour on U.S. economy, will we see massive sell-off repeated last week? And possible trigger price below 1660 or may be 1600?
I really like to know more, as I am really green on this issue.
breezeIgnored
DislikedA.M. Kitco Metals Roundup: Comex Gold Sharply Lower, At 7-Week Low, As More Near-Term Chart Damage Inflicted
http://www.kitco.com/reports/KitcoNe...0314JW_am.html
++ Could be a silent bull forming, shoulda bought platinum
Market Nuggets: Platinum Premium To Gold Rises To $30/Oz In Futures Markets
(Kitco News) - Platinum futures are now roughly $30 an ounce higher than gold after platinum this week regained its historical premium to the yellow metal...
http://www.kitco.com/reports/KitcoNe...s20120314.html
Gold...Ignored
DislikedYou keep sticking with bulls from 1700 area. Why not realize market is down 60 points and heading lower ?
I am sorry but i believe your analysis is worthless and still sticking with bulls as your all trades are stopped out. You should sit and relax while keep predicting for bulls.Ignored
DislikedGold made a break through of a really good support level, short after bouncing off of it. So now we need to find the new support level, and I think we are coming up to it.
There seems to be two close choices here:
- either gold is going use the purple line (double tap support area)
- or fall a little further into a zone of Fibonacci Retracement Lines (marked by the greyed circle).
Will be keeping an eye on divergence for any trend reversals and trend continuation signals.Ignored
DislikedYou keep sticking with bulls from 1700 area. Why not realize market is down 60 points and heading lower ?
I am sorry but i believe your analysis is worthless and still sticking with bulls as your all trades are stopped out. You should sit and relax while keep predicting for bulls.Ignored
DislikedNot to scare u guys,
I am taking a long position too myself, but im beginning to get scared when i see this chart.
Looking at the daily chart, isnt that almost a perfect head and shoulder aiming to go to 1500s?Ignored
Dislikedhi breeze
if u remember i did talk about the FOMC and said if we have a hawkish statement from the feds we will dive south and we did ,
now what we are looking in a feds statement ,is the US economy is recovering or not will the feds raise rate or not , berny did hint they might raise rates befor the 2013 and the US is recovering and the employment rate is down NFP was good for the past 3 months stocks are flying high dow and es , berny will speak today lets wait and see if he conferim all above...Ignored
DislikedA note to all budding traders.
EXAMPLE ONE:
The other reason for hedging is for large international corporations and governments, farmers and the like to protect a massive loss on an international purchase.
Say I have to buy 1000 Mercedes Benz in Euros (I have USD) and pay the shipping in Euros
However I am uncertain that in a year where the price of the Euro will be
so, if the Euro rises when it comes time to pay (unless there is a pre arranged price) I am out a sizeable amount more money than I would have been if I had not hedged....Ignored