XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1020 | Metals Mine

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

  • #20,381
  • Aug 21, 2012 8:52am Aug 21, 2012 8:52am
30.00 resistance strong.

Quoting Paras4you
Hey guys, where do we see silver going. I beleive resistance will @ 28.60, wht do you all think.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,382
  • Aug 21, 2012 8:53am Aug 21, 2012 8:53am
Quoting fredric02
u gave me the conviction! + the charts =)
fredric02,

Good luck with your trade
  • #20,383
  • Aug 21, 2012 8:54am Aug 21, 2012 8:54am
Great!!! So you made money on your small short, covered it, and had huge success after cover in one hour of trading with your long, -- Right?

Quoting fredric02
u gave me the conviction! + the charts =)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,384
  • Aug 21, 2012 8:56am Aug 21, 2012 8:56am
Quoting Paras4you
Hey guys, where do we see silver going. I beleive resistance will @ 28.60, wht do you all think.
Paras - price is currently in the 29.30s
I see res possibly in the 29.60 area

beeb
  • #20,385
  • Aug 21, 2012 8:56am Aug 21, 2012 8:56am
Notice the 50 SMA has flipped, If I traded stox I would target the 200 as a soft initial play first and then hold the rest of the position after a small unload there.
Quoting split_unit
GDX (gold miners ETF) & XME (metal & miners ETF) are leading every other sector & industry higher so far... XME very close to taking out 43.50!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,386
  • Aug 21, 2012 8:59am Aug 21, 2012 8:59am
1640 slight breach!!!!! weee hooo...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,387
  • Aug 21, 2012 9:03am Aug 21, 2012 9:03am
Quoting XTrade
WOW, look at that break, Split did you get in????
I am in a long time ago, I don't trade the XME directly, I trade the stocks that make the XME. To be more specific I am in FCX a metal and mining company in copper for a while now. It finally broke out now due to the strength in its industry ETF the XME. FCX is up 3.99% today!

And there you have it!!! 43.50 was tested and breached!!! 42.61 as I write this! lol up 2.88%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-08-21_1800_FCX.jpg Size: 197 KB
Click to Enlarge Name: 2012-08-21_1802_XME.png Size: 264 KB
  • #20,388
  • Aug 21, 2012 9:06am Aug 21, 2012 9:06am
Quoting XTrade
Notice the 50 SMA has flipped, If I traded stox I would target the 200 as a soft initial play first and then hold the rest of the position after a small unload there.
This puppy is just getting started. The 200 would be a viable target to unload some of my holdings. Before that happens though, I am looking to add some to FCX after it broke out!
  • #20,389
  • Aug 21, 2012 9:08am Aug 21, 2012 9:08am
This looks like a major range break, i would add now and before!!!
Quoting split_unit
I am in a long time ago, I don't trade the XME directly, I trade the stocks that make the XME. To be more specific I am in FCX a metal and mining company in copper for a while now. It finally broke out now due to the strength in its industry ETF the XME. FCX is up 3.99% today!

And there you have it!!! 43.50 was tested and breached!!! 42.61 as I write this! lol up 2.88%
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,390
  • Aug 21, 2012 9:14am Aug 21, 2012 9:14am
Quoting XTrade
This looks like a major range break, i would add now and before!!!
Congratulations again on your gold trade. Its all about being prepared day after day and building conviction and you demonstrated that day in and day out!
  • #20,391
  • Aug 21, 2012 9:18am Aug 21, 2012 9:18am
I am also in this stock which is a component in the GDX since 29/6/2012. Today is a good day for gold
  • #20,392
  • Aug 21, 2012 9:23am Aug 21, 2012 9:23am
Quoting split_unit
I am also in this stock which is a component in the GDX since 29/6/2012. Today is a good day for gold
SLW chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-21_1818_SLW.png Size: 267 KB
  • #20,393
  • Aug 21, 2012 9:50am Aug 21, 2012 9:50am
Quoting split_unit
SLW chart
It's a great vehicle to trade as a high-beta on silver....
And liquid enough that it's options aren't a complete joke...

beeb
  • #20,394
  • Aug 21, 2012 9:57am Aug 21, 2012 9:57am
Quoting beeb
It's a great vehicle to trade as a high-beta on silver....
And liquid enough that it's options aren't a complete joke...

beeb
Yup I totally agree! The stock is very liquid and is a nice high beta on silver The company is also backed with solid fundies! When compared to peers.
  • #20,395
  • Aug 21, 2012 10:25am Aug 21, 2012 10:25am
SLW Daily....

http://www.screencast.com/t/VOWHj6aVvP7P

beeb
  • #20,396
  • Aug 21, 2012 10:33am Aug 21, 2012 10:33am
Quoting beeb
SLW Daily....

http://www.screencast.com/t/VOWHj6aVvP7P

beeb
Looks gud beeb, thanks for analyzing and posting it!
  • #20,397
  • Aug 21, 2012 11:24am Aug 21, 2012 11:24am
Quoting split_unit
Looks gud beeb, thanks for analyzing and posting it!
No probs - I had the chart as it's the one I swing-trade from...

beeb
  • #20,398
  • Aug 21, 2012 2:09pm Aug 21, 2012 2:09pm
I'm telling ya look at the Longer term charts 1635/6 was a tough one, now that she's cracked she doesn't want to break to easily back... We may have sealed a new support today.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,399
  • Aug 21, 2012 2:11pm Aug 21, 2012 2:11pm
Quoting split_unit
SLW chart
Split Glad to see you contributing here as well as your thread. Any stock charts, such as GLD and SLV GDX, etc are welcome.


XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,400
  • Aug 21, 2012 2:13pm Aug 21, 2012 2:13pm
Looks like we are ranging from 1638 to new monthly high 1642, Asia may try or rather London to push the price down, yet a ton of stops were triggered today, squashing a ton of shorts. just look at the PA!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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