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

  • #20,321
  • Aug 20, 2012 2:24pm Aug 20, 2012 2:24pm
It has happened again today. I have noticed some rather suspicious Gold and Silver thin market spikes happening in the second half of each month. We'll see how everything folds out in the next 48 or so hrs.
Maybe it's traders listening to the fellow at Goldman Sachs telling people to get out stocks before the "fiscal cliff" - nice way to pick some bargains in the fall.
  • #20,322
  • Aug 20, 2012 2:33pm Aug 20, 2012 2:33pm
Quoting Tsotsi
It has happened again today. I have noticed some rather suspicious Gold and Silver thin market spikes happening in the second half of each month. We'll see how everything folds out in the next 48 or so hrs.
Maybe it's traders listening to the fellow at Goldman Sachs telling people to get out stocks before the "fiscal cliff" - nice way to pick some bargains in the fall.
Are Goldman still touching silver?? how much havnt they lost on silver trading this and last year...
  • #20,323
  • Aug 20, 2012 2:40pm Aug 20, 2012 2:40pm
You mean besides the billion dollars they lost trading, umm what was it...


Ahh, none the less the woman fired "Drew" is the aunt of one of my ex girlfriends!!!

Go figure SMALL WORLD!!!!!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,324
  • Aug 20, 2012 2:41pm Aug 20, 2012 2:41pm
I'D give it more than 48.


.........


Quoting Tsotsi
It has happened again today. I have noticed some rather suspicious Gold and Silver thin market spikes happening in the second half of each month. We'll see how everything folds out in the next 48 or so hrs.
Maybe it's traders listening to the fellow at Goldman Sachs telling people to get out stocks before the "fiscal cliff" - nice way to pick some bargains in the fall.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,325
  • Aug 20, 2012 2:55pm Aug 20, 2012 2:55pm
Quoting XTrade
You mean besides the billion dollars they lost trading, umm what was it...


Ahh, none the less the woman fired "Drew" is the aunt of one of my ex girlfriends!!!

Go figure SMALL WORLD!!!!!!!!
lol

well was about 5 billion? or 7... that even big money for them
and about the trade now, i dont think silver should go down much further however, i do think i can get points on this trade.... too big spike to not have a fallback

i'm bullish silver i would say... well atleast when or if QE3 sets out... what u think about jackson hall next month???
  • #20,326
  • Aug 20, 2012 3:08pm Aug 20, 2012 3:08pm
Quoting fredric02
lol

what u think about jackson hall next month???
Jackson HOLE.......

beeb
  • #20,327
  • Aug 20, 2012 3:20pm Aug 20, 2012 3:20pm
Then go for it, just realize the risk you are exposing yourself to has greater upside potential, why fight what is happening before you>?????



until later friends,.
Quoting fredric02
lol

well was about 5 billion? or 7... that even big money for them
and about the trade now, i dont think silver should go down much further however, i do think i can get points on this trade.... too big spike to not have a fallback

i'm bullish silver i would say... well atleast when or if QE3 sets out... what u think about jackson hall next month???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,328
  • Aug 20, 2012 3:26pm Aug 20, 2012 3:26pm
Quoting XTrade
Then go for it, just realize the risk you are exposing yourself to has greater upside potential, why fight what is happening before you>?????



until later friends,.
contracted now.. turning down now
  • #20,329
  • Aug 20, 2012 4:07pm Aug 20, 2012 4:07pm
Why is my broker saying market is closed when I am trying to place a pending order ???
Human
  • #20,330
  • Aug 20, 2012 5:05pm Aug 20, 2012 5:05pm
gold and silver will go down with 30%..
  • #20,331
  • Aug 20, 2012 5:34pm Aug 20, 2012 5:34pm
Quoting XTrade
OK

Why don't start here with two simple questions.

A. Do YOU trade GOLD. In any way shape or form?

B. Regardless of your first answer all your post contains is words of your opinion with NO backup fundamentally or technically,


Thus, why should anyone even read this? Or take it at face value?

Do you have any valid fundamental or technical reasons you would like to add to your called 300+ USD drop per ozt GOLD?

Or is this just a punt?

Please do elaborate.

ThanX

PS: if you have been studying the...
I mentioned in my first post here that I was not in a gold trade. I have traded gold before so I guess that makes me a trader of gold.

In my next post I explained (admittedley brief---I actually WAS busy today with things besides staring at a computer) why I made my call. I don't use any lines, forks, fibs, etc anymore I just deduce by looking at tests and fakes. I posted the numbers, is it that hard to look at you're own chart?

Yeah, I noticed the support. We're in a triangle here. From a pure charting perspective triangles usually precede a continuation. I don't put a whole lot of weight into that stuff. The 3rd part of the triple bottom on a daily chart was barely strong enough to even be called a bottom, so I thought that it might break.

Now, as far as what happened later today when I changed my mind. Number one, I saw the spike on Silver break through a point I deemed important. That was a big red flag for gold shorts. Next, I focused in on the slow, choppy rise from 5/16 to check harder for fakes and tests. I noticed I might have missed a few important details while making a call in haste last night. So I changed my mind.

Are you satisfied now, X-trade, Lord of the XAU/USD & XAG/USD - Gold & Silver FX Traders Thread, master of snide remarks?
  • #20,332
  • Edited 10:50pm Aug 20, 2012 10:27pm | Edited 10:50pm
You have produced a valid explanation of your initial words. Why is it so much for me to ask that of you when you are making claims or shall we say calls.

I think it is totally legitimate. I am happy to see that you have taken the time to acknowledge my two simple questions.

As far as the "snide" remarks go, I take it you have yet to read post one.

As far as the "master"

I am just a guy who loves and trades gold in many ways.

I write this thread because I love it. Obviously I am not paid to do so.

I will continue to write whether I am the only person here or there are another 20k posts tacked on over time. It makes absolutely NO difference to me.

Now, I would say that you are making the snide remarks,

I asked two simple questions. You have answered them whole heartedly, is that too much to ask?

I don't think so. I am the OP of this thread YES, and due to that I do try to keep a certain level of integrity here. I'm sure that is again understandable to you.

Nevertheless, I am patient and you are welcome here, all I ask is that you elaborate a bit more when making calls.

Again is that too much? There are people risking real money that come here. I think it is the least I could ask. I have done so to many before. This is nothing personal, don't take it that way and don't make it that way.

Welcome to you friend.


XT

BTW: a 300 USD drop does deserve an explanation as a call in my book.

Quoting Zappa
I mentioned in my first post here that I was not in a gold trade. I have traded gold before so I guess that makes me a trader of gold.

In my next post I explained (admittedley brief---I actually WAS busy today with things besides staring at a computer) why I made my call. I don't use any lines, forks, fibs, etc anymore I just deduce by looking at tests and fakes. I posted the numbers, is it that hard to look at you're own chart?

Yeah, I noticed the support. We're in a triangle here. From a pure charting perspective triangles usually precede...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,333
  • Aug 20, 2012 10:30pm Aug 20, 2012 10:30pm
Zappa here is a perfect example of a perfectly MEANINGLESS POST with absolutely NO backing to this persons claim......


Ok Goshko147, and why is this?

Please ELABORATE.........


Thank you.

Quoting goshko147
gold and silver will go down with 30%..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,334
  • Aug 20, 2012 10:32pm Aug 20, 2012 10:32pm
Gold spot does not open at 5pm Sunday, also if you are trading CFDs there are certain off hours which you should be aware of due to the fact that they try to mimic futures as much as possible.

Quoting Chanya
Why is my broker saying market is closed when I am trying to place a pending order ???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,335
  • Aug 20, 2012 10:38pm Aug 20, 2012 10:38pm
A really big spike on silver would be 1 or 2 dollars on the day.

This was a decent .75 cents.

Due to the way the market works sure you can expect some retracement, that does not mean it is guaranteed.

Also, why not buy the dip instead of short the small retrace and start a position in the way of the trend.

I first started trading silver when it was 15, then 7 USD per OZT, only years ago, now we are at 28+, how many ounces do you think Buffet bought at 7?

That is still a 20+ gain for each and every ozt.

When we hit 50, well you do the math.

Quoting fredric02
lol

well was about 5 billion? or 7... that even big money for them
and about the trade now, i dont think silver should go down much further however, i do think i can get points on this trade.... too big spike to not have a fallback

i'm bullish silver i would say... well atleast when or if QE3 sets out... what u think about jackson hall next month???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,336
  • Aug 20, 2012 10:58pm Aug 20, 2012 10:58pm
For shit's sake ...................

From POST ONE
THE THREAD RULES:

0. SCALPING. IT is Unnecessary to post in at 1980 0ut @ 81.
1. NO WILD PUNTING. =throwing out a call which makes no sense without any backup ie: chart
2. Please refrain from making unsubstantiated claims.
3. POST CHARTS - "A Picture is worth 1000nd words"
4. Provide REASONS with BACKUP For your CALLS
5. TREAT OTHERS AS YOU WOULD LIKE TO BE TREATED (CONSIDER THIS THE GOLDEN RULE)
6. IF YOU DON'T KNOW - ASK.
7. Warnings will be given twice. If you think you are at fault or bothering and disrupting others you probably ARE. The third strike comes silently, in the form of a vacation for one week. Then the ban will be lifted. To be permanently banned, repeat number 7 - 2 times.
8. TRY to stay on topic. When the market is dead we can joke, do discuss currencies Other Pms welcome, base metals ok,
9. NO LYING.
10. No PLAGIARISM - of other people's posts [/color]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,337
  • Aug 20, 2012 11:47pm Aug 20, 2012 11:47pm
OK no one has to be SILENT NOW> EVERYTHING IS OK..

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,338
  • Aug 21, 2012 12:02am Aug 21, 2012 12:02am
lilpip would LOVE to hear your analysis brother!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,339
  • Aug 21, 2012 12:22am Aug 21, 2012 12:22am
GOLD has been pretty dead and PASSIVE this year... any ideas why?

It looks like dormant.
The Black Swan: The Impact of the Highly Improbable
  • #20,340
  • Edited 12:56am Aug 21, 2012 12:25am | Edited 12:56am
weekly close above 1611 for a 2nd week in a row lets see how 1628 area responds.
If shes trading above 1628 and continuing north somebodys gonna have to push her over 1642 area.
Silver says shes ready as she moves above 28.35-42.
Will her retest of 28.35-42 area hold ?
Eyes open.
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