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

  • #21,461
  • Edited 6:54am Oct 27, 2012 6:34am | Edited 6:54am
Quoting KADC
Platinum, once gold's twin in price, closed at $1544. I don't know what, if anything, this means for gold, but I will be doubling my platinum position on Monday.
Doubling long or short?

Dailies look to be in no man's land to me....

And I don't have anything particularly relating to the dailyfx purple line in GC Daily.... I have Daily support around 1698 then 1680-86 and resistance around 1712 then 1722......

beeb
Mariano FSB Trading plagiarises content without asking permission.....
  • #21,462
  • Edited 6:54am Oct 27, 2012 6:35am | Edited 6:54am
Quoting Uneek
I was hoping that GC & SI would break out from the down trending channel esp. when Beeb pointed out the spike in volume. Unfortunately it looks like we ended the day with indecision with SI just peeking through the top of the channel. However we didn't end the day lower and the daily MACD for SI is starting to show some bullish divergence (or it could just be me trying to convince myself that this is the bottom)
Uneek - be clear that I was pointing out the spike on 10 min charts - I would not presume to call a bottom on the basis of that timeframe.....



beeb
Mariano FSB Trading plagiarises content without asking permission.....
  • #21,463
  • Oct 27, 2012 10:52am Oct 27, 2012 10:52am
Quoting beeb
Uneek - be clear that I was pointing out the spike on 10 min charts - I would not presume to call a bottom on the basis of that timeframe.....



beeb
Mariano FSB Trading plagiarises content without asking permission.....
Thanks for pointing it out. Couldn't help it, the noob in me still gets all excited when GC and SI start moving like that so much so I failed to take note of the time frame.
Education has its reward, ignorance has its price.
  • #21,464
  • Edited 5:08am Oct 28, 2012 4:31am | Edited 5:08am
For anyone interested in forks there is a free webinar on Nov 5th by Paul Coghlan. Suggest early registration would be a good idea .......

http://www.coghlancapital.com/node/4554

Usual disclaimer that I have no financial or other interest, blah blah blah......

beeb
Mariano FSB Trading plagiarises content without asking permission.....
  • #21,465
  • Oct 28, 2012 7:12am Oct 28, 2012 7:12am
Any views on where gold is heading on market open?
  • #21,466
  • Oct 28, 2012 3:08pm Oct 28, 2012 3:08pm
NetDania has the gold/silver ratio chart available. I'm toying around with it right now. Pretty interesting. Go to "Charts", then on the chart click "Instruments", "...more instruments", "precious metals - NetDania", and select "gold/silver ratio".

http://www.netdania.com/Default.aspx

It looks like when the ratio gets above 70 or so, that's when silver is very under-valued and it's a good time to load the boat. It bottomed out just a little over 30 when silver hit its peak in 2011. I think trend lines would come in handy too on this.

Pretty cool stuff!

http://i1185.photobucket.com/albums/...ex/GSRatio.png
Get money, don't let money get you. @kauaiforex
  • #21,467
  • Oct 28, 2012 9:24pm Oct 28, 2012 9:24pm
Quoting beeb
For anyone interested in forks there is a free webinar on Nov 5th by Paul Coghlan. Suggest early registration would be a good idea .......

http://www.coghlancapital.com/node/4554

Usual disclaimer that I have no financial or other interest, blah blah blah......

beeb
Mariano FSB Trading plagiarises content without asking permission.....
Thumbs up

Thanks for sharing, Beeb!

fxbreeze
  • #21,468
  • Oct 28, 2012 11:16pm Oct 28, 2012 11:16pm
http://www.oilngold.com/analysis/com...2012102923348/
  • #21,469
  • Oct 28, 2012 11:54pm Oct 28, 2012 11:54pm
Quoting Greenstar
http://www.oilngold.com/analysis/com...2012102923348/
Can anyone figure out how this analyst came up with his five-count?
You can always make money tomorrow provided you don't lose it today.
  • #21,470
  • Oct 29, 2012 12:24am Oct 29, 2012 12:24am
Quoting beeb
Doubling long or short?
To this point I have only carried platinum in my stock portfolio where I don't do any day trading, so this would be doubling my long position. I've been adding to MINT, PHYS, PSLV, NUGT, UGLD, USLV, and PPLT on the way down, and I may add more if their collective weight in this particular portfolio is under 20% which is my new target for metal exposure.

If platinum is still at a discount to gold when gold reverses, I may pick up a long position in Dec PL in expectation that it will eventually catch up to the gold price. This would be in my day trading account, but it would be a long-term buy-and-hold, not something I would get in and out of.
You can always make money tomorrow provided you don't lose it today.
  • #21,471
  • Oct 29, 2012 2:54am Oct 29, 2012 2:54am
needs to break out of this channel for me but there is some consolidation there at the bottom, above 32.40 for me to go long.
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  • #21,472
  • Oct 29, 2012 11:28am Oct 29, 2012 11:28am
There is huge unrest in one of the largest platinum mines in the world in South Africa, this is contributing to an unstable price.

Lonmin - unsure of spelling Is one of the largest and I believe the one with the most unrest.

Quoting KADC
Platinum, once gold's twin in price, closed at $1544. I don't know what, if anything, this means for gold, but I will be doubling my platinum position on Monday.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,473
  • Oct 29, 2012 11:29am Oct 29, 2012 11:29am
There is what they are saying to be a massive hurricane here in the Greater NYC area. I wouldn't be surprised if the US market is very thin or possibly even closed tomorrow. We'll see, tonight is supposed to be the worst of it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,474
  • Oct 29, 2012 11:48am Oct 29, 2012 11:48am
Nice chart... I like those three taps on 31.50.... Hmmm perhaps some further consolidation then a breakout...


Quoting Euroscum
needs to break out of this channel for me but there is some consolidation there at the bottom, above 32.40 for me to go long.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,475
  • Oct 29, 2012 11:51am Oct 29, 2012 11:51am
beeb, my brother,

IF possible add to your charts as I usually do your handle

simply -beeb- or chart by beeb copyright 2012.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,476
  • Oct 29, 2012 12:01pm Oct 29, 2012 12:01pm
XTrade, I've found a NetDania charts that works. They have Forex, spot gold and silver in USD only, no oil, platinum, or USD index, but at least it works.

http://www.fxstreet.com/rates-charts/forex-charts/
You can always make money tomorrow provided you don't lose it today.
  • #21,477
  • Oct 29, 2012 12:03pm Oct 29, 2012 12:03pm
Quoting XTrade
There is what they are saying to be a massive hurricane here in the Greater NYC area. I wouldn't be surprised if the US market is very thin or possibly even closed tomorrow. We'll see, tonight is supposed to be the worst of it.

Head down XTrade - hope all is OK for you and yours

beeb
  • #21,478
  • Oct 29, 2012 12:05pm Oct 29, 2012 12:05pm
Quoting XTrade
beeb, my brother,

IF possible add to your charts as I usually do your handle

simply -beeb- or chart by beeb copyright 2012.
I will do - just seeing very thin markets with nothing much changing at the moment.... Not worth playing...

beeb
  • #21,479
  • Oct 29, 2012 12:23pm Oct 29, 2012 12:23pm
What may be Sandy's impact on dollar and in turn on Gold and Silver prices...?

Quoting XTrade
There is what they are saying to be a massive hurricane here in the Greater NYC area. I wouldn't be surprised if the US market is very thin or possibly even closed tomorrow. We'll see, tonight is supposed to be the worst of it.
  • #21,480
  • Oct 29, 2012 12:54pm Oct 29, 2012 12:54pm
See the post beeb made before yours and there you go.

Basically nothing. a thinly traded US market. Which can in turn thin out other markets like the NY / LDN cross.

Quoting Pratik
What may be Sandy's impact on dollar and in turn on Gold and Silver prices...?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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