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

  • #19,781
  • Jul 8, 2012 8:28pm Jul 8, 2012 8:28pm
Quoting donnyv
........ Basically, if their proposal comes into play, watch out for an unusually HUGE spike upwards!
I repeat, I don't see why?

And I did read the article.
  • #19,782
  • Jul 8, 2012 10:40pm Jul 8, 2012 10:40pm
Hey LP!

Happy Fourth ! - How goes it?

Market view?

XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,783
  • Jul 8, 2012 10:46pm Jul 8, 2012 10:46pm
.33 would be 33 cents.

And the price is currently 27.16

Burned account = too high leverage or too high lots.

Which one is it and you will have the answer.

The charts are not much besides sideways noise at the moment.UP Down Up down Up...
Quoting kamen
what the hell silver price low as low 0.33..it burn already my account..how about you guy?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,784
  • Jul 8, 2012 10:51pm Jul 8, 2012 10:51pm
Quoting XTrade
Hey LP!

Happy Fourth ! - How goes it?

Market view?

XT
been extremely busy.
I was just looking over recent posts along with your charts.
I was just reviewing charts to post what im looking at from my angle.
  • #19,785
  • Edited 11:59pm Jul 8, 2012 11:22pm | Edited 11:59pm
Quoting XTrade
History repeats itself.

....................................................................
Just as may closed with rotation back to monthly pivot 1608 area , june also extended out and did the same rotating back to monthly, quarterly and single year pivot 1600-1604 area.
Bias is down from 1600-1611 area.
I have 3rd quarter support at your 1522-5 area, the 100 wk. sma.
Next time frame I have single year lows at 1296 where your blue line 200 wk. sma is heading.
First things first on the weekly
1632
1595
1548
monday daily
1618
1595
1570

Silver a bear since 34.50 area, have some powder for July lows 25.50 area, eyes open to 25.50 response, and 3x that if we go to single year lows 22.50 area.
july monthly pivot 28.90-93
weekly
28.90
27.41-45
25.95
  • #19,786
  • Jul 8, 2012 11:28pm Jul 8, 2012 11:28pm
Quoting XTrade
.33 would be 33 cents.

And the price is currently 27.16

Burned account = too high leverage or too high lots.

Which one is it and you will have the answer.

The charts are not much besides sideways noise at the moment.UP Down Up down Up...
What i mean silver price open at 0.33cent drop more usd 20.my broker said it spike they guarantee want give back my money and open position.but really dont know..do you have any experience on this?
  • #19,787
  • Jul 9, 2012 12:31am Jul 9, 2012 12:31am
Quoting Becel
QE is actually taking toxic assets off banks balance sheets which is supposed to allow the banks to lend more freely. The problem is:

1. The banks are heavily insolvent.
2. Public sector debt is so high that banks cant justify lending more money to people that are up to their eyeballs in debt already.
3. The banks are little more than large hedge funds because of the repeal of Glass Steagal. They would rather free up capital to speculate with customer deposits than to lend.
4. They can always borrow at zero percent and buy thirty year...
Thanks Becel...V.Good Post.

Very informative leading statements that should cause/jolt people to be aware of the great illusion that we all participate in, but so few are aware of its true reality and purpose.

DrX
P.S. tried to send by PM
  • #19,788
  • Jul 9, 2012 12:51am Jul 9, 2012 12:51am
I am unsure of what exactly happened but see that you are not saying 33.00 now.

What I do KNOW

IS

Silver DID GAP DOWN ON OPEN
SPREADS are higher during Aussie.

This could have affected / closed your position if you had a stop somewhere in between and in that case no they will not refund your money.

Quoting kamen
What i mean silver price open at 0.33cent drop more usd 20.my broker said it spike they guarantee want give back my money and open position.but really dont know..do you have any experience on this?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,789
  • Jul 9, 2012 12:52am Jul 9, 2012 12:52am
Need to read thanks for post;
Quoting donnyv
In a nutshell, The Basel group is proposing Gold [among a list of other assets] be treated as the highest form of collateral in the $650 trillion over-the-counter derivatives market. The aim is basically to standardise margin requirements, forcing banks to hold collateral to reduce probability of another Lehman dilemma. Basically, if their proposal comes into play, watch out for an unusually HUGE spike upwards!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,790
  • Jul 9, 2012 12:53am Jul 9, 2012 12:53am
Thanks - always lovely!

Quoting lilpip
Just as may closed with rotation back to monthly pivot 1608 area , june also extended out and did the same rotating back to monthly, quarterly and single year pivot 1600-1604 area.
Bias is down from 1600-1611 area.
I have 3rd quarter support at your 1522-5 area, the 100 wk. sma.
Next time frame I have single year lows at 1296 where your blue line 200 wk. sma is heading.
First things first on the weekly
1632
1595
1548
monday daily
1618
1595
1570

Silver a bear since 34.50 area, have some powder for July lows 25.50 area, eyes open to...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,791
  • Jul 9, 2012 12:57am Jul 9, 2012 12:57am
Market sooo slow actually looking at M5

and

for the scalpers a nice little break.

Just re-positioned for the week and sorry,
added currency as a test to see how and if it will relate to gold.

A. For AUD - huge Gold exporter and "commodity currency"
B. USD/CHF SELL- in delayed reaction to last weeks skewed NFP market reaction.

TP Gold - Long again
TP Silver - Long again
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,792
  • Jul 9, 2012 2:39am Jul 9, 2012 2:39am
Quoting beeb
I use Ensign charting with Esignal feeds so unless you do as well, the answer is obviously "No".......

beeb
Hey beeb thanks for the reply
I can use the same setup as yours if its available as demo.
is it correct place to look for

http://www.esignal.com/
http://www.ensignsoftware.com/features/datavendors.php
Thanks
  • #19,793
  • Jul 9, 2012 2:49am Jul 9, 2012 2:49am
this is what i'm talking about...
Attached Image (click to enlarge)
Click to Enlarge Name: silver daily.gif Size: 13 KB
  • #19,794
  • Jul 9, 2012 2:57am Jul 9, 2012 2:57am
Quoting jaimini
Hey beeb thanks for the reply
I can use the same setup as yours if its available as demo.
is it correct place to look for

http://www.esignal.com/
http://www.ensignsoftware.com/features/datavendors.php
Thanks
Yup

beeb
  • #19,795
  • Edited 4:20am Jul 9, 2012 2:58am | Edited 4:20am
Quoting kamen
this is what i'm talking about...
I reckon there is an outside possibility that instead of the price of silver having going to zero there might be a slight problem with your data feed. Just a possibility.....

beeb
  • #19,796
  • Jul 9, 2012 3:22am Jul 9, 2012 3:22am
Quoting XTrade
I use MT4 to trade Gold because it is the only platform in the US I can still do so on. I ALSO DO SO WITH ABSOLUTELY NO LEVERAGE. I also use it for charting and I consistently wipe my charts to nothing and redraw the same channel to perfect it.

Unfortunately it seems the first and longest candle chart is a bit sloppy but you will get the point.

Here is a key to the charts.

Blue lines rising = regular price movement channel
Red lines rising = channel price blowouts/ reaction highs or lows "dips" etc.

Gray lines are support and resistance...
Hi
thanks for this broader outlook.
can you help me in using SMA
I tried to add them on my charts but they looks different
i think i'm not giving proper values to period, shift, method parameters
Thanks
  • #19,797
  • Edited 4:31am Jul 9, 2012 4:21am | Edited 4:31am
Quoting SunTrader
I repeat, I don't see why?

And I did read the article.

Banks that deal in OTC derivatives will need to stock pile on collateral to satisfy regulators tightening their grips. This means gold [alongside other proposed assets] will be held as collateral and not for speculative purposes. In an estimated $650 trillion market, implications will be very positive for Gold. Also in line with another proposal to upgrade Gold to a Tier 1 asset from its current Tier 3. Again a massive up for Gold. Apologies in advance but if you cannot see how these measures and the potential enormous surge in demand could ultimately impact the price Gold, then I'm afraid it's not something i can explain clearer.
  • #19,798
  • Jul 9, 2012 4:33am Jul 9, 2012 4:33am
Quoting donnyv
Banks that deal in OTC derivatives will need to stock pile on collateral to satisfy regulators tightening their grips. This means gold [alongside other proposed assets] will be held as collateral and not for speculative purposes. In an estimated $650 trillion market, implications will be very positive for Gold. Also in line with another proposal to upgrade Gold to a Tier 1 asset from its current Tier 3. Again...
point to be noted specially for newbies

The 2 questions that come to my mind are when and how much metal - on timing Basel III kicks in from January 2013 with a further tightening in capital adequacy ratios in 2018. That said, it is not yet clear when gold's re-rating to Tier 1 might take place.

its a long term view so proper MM is required to trade this
just my 2 cents
  • #19,799
  • Edited 4:59am Jul 9, 2012 4:49am | Edited 4:59am
Quoting jaimini
point to be noted specially for newbies

The 2 questions that come to my mind are when and how much metal - on timing Basel III kicks in from January 2013 with a further tightening in capital adequacy ratios in 2018. That said, it is not yet clear when gold's re-rating to Tier 1 might take place.

its a long term view so proper MM is required to trade this
just my 2 cents
Hi Jaimini,

Yes absolutely. It is a longer term view. Just reinvigorates direction should these proposals take effect. In a world moving in trepidation towards further uncertainty, I would want my bank holding Gold rather than equities or Greek bonds. But for traders, you're absolutely right, it is a longer term view.
  • #19,800
  • Jul 9, 2012 9:54am Jul 9, 2012 9:54am
Now THAT is RIDICULOUS. If it was M1 but on a daily that is pure price gouging / running stops.

They will call it a glitch but you should get a refund if you lost money.

There is no real spot chart that has the price ever going to 2.80 in a flash.

Are they regulated?

What broker is it?

How big is the loss?


Quoting kamen
this is what i'm talking about...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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