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

  • #22,661
  • Feb 9, 2013 8:52am Feb 9, 2013 8:52am
Quoting KADC
1)When a trade vehicle parks itself in the middle of a range I find it's better to wait for the breakout than speculate on the direction it will take.
2)Certainly buy on dips if you're investing; otherwise, as long as it remains range-bound, this is an ideal environment for scalping if you prefer active trading.
Gems !!
  • #22,662
  • Feb 9, 2013 9:13am Feb 9, 2013 9:13am
Quoting TheArcher
spike in USDindex

it should move the opposite why did price move with it ?
let the chart to be your chauffeur ... -Forexmnstr-
  • #22,663
  • Feb 9, 2013 2:02pm Feb 9, 2013 2:02pm
Quoting forexmnstr
it should move the opposite why did price move with it ?

I know the answer ! haha
  • #22,664
  • Feb 10, 2013 12:19pm Feb 10, 2013 12:19pm
Quoting Pluvius
I know the answer ! haha
care to share for .... everyone's benefit ?
  • #22,665
  • Feb 11, 2013 2:10am Feb 11, 2013 2:10am
I need the expert's opinion that how much an average investor should investe in the market, what should be the profit level the gold market is much volatile and on a daily base it price moves $10 to $20 and also how many ounce contract should purchase.

kind regards
  • #22,666
  • Feb 11, 2013 8:11am Feb 11, 2013 8:11am
Drop from 1665 area support noted.
Eyes on Weeks projected low 1649 support or breakout with trending ?
Also eyes on days low 31.21 weeks low is 30.31.
  • #22,667
  • Feb 11, 2013 8:24am Feb 11, 2013 8:24am
Quoting kshahzad
I need the expert's opinion that how much an average investor should investe in the market, what should be the profit level the gold market is much volatile and on a daily base it price moves $10 to $20 and also how many ounce contract should purchase.

kind regards
There is a general rule of thumb that you should never risk more than 5% of your assets, but only you can determine your risk tolerance. Regardless, a huge move can shoot right through your stops so never risk more than you're willing to lose.

If you're asking these kinds of questions you should probably spend more time experimenting with a demo account that's been set up with with a small, realistic amount.
You can always make money tomorrow provided you don't lose it today.
  • #22,668
  • Feb 11, 2013 8:37am Feb 11, 2013 8:37am
anyone know whats make gold shoot down just now?
  • #22,669
  • Edited 9:19am Feb 11, 2013 9:02am | Edited 9:19am
Quoting prototip
hard days for gold interester...

my opinion to make simple to understand whats going on:
there are 2 magnets...
first one is 1675 and ends 1691...
second is 1665 ends 1642...
in h4 and daily is important; closing ,up 1691 or down 1642, for begin something new, if should...
magnet 1665 is still working...
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  • #22,670
  • Feb 11, 2013 9:43am Feb 11, 2013 9:43am
Quoting ljin
anyone know whats make gold shoot down just now?

Apparently, the G7 is set to issue a statement that they will all get along and not race to the bottom with currency devaluations.
"The market can remain irrational longer than you can remain solvent"
  • #22,671
  • Feb 11, 2013 10:05am Feb 11, 2013 10:05am
Quoting anton.olff
Apparently, the G7 is set to issue a statement that they will all get along and not race to the bottom with currency devaluations.
where did u read the news from? usually i read news from ff calendar but it seems i miss that important news .
  • #22,672
  • Feb 11, 2013 10:53am Feb 11, 2013 10:53am
Quoting ljin
where did u read the news from? usually i read news from ff calendar but it seems i miss that important news .

It was all over Twitter and now on www.marketwatch.com
"The market can remain irrational longer than you can remain solvent"
  • #22,673
  • Feb 11, 2013 10:57am Feb 11, 2013 10:57am
Quoting ljin
anyone know whats make gold shoot down just now?
I have no idea either , it's Chinese New ?

Anyone noticed a sudden good news for usd ?
  • #22,674
  • Feb 11, 2013 11:59am Feb 11, 2013 11:59am
i was just thinking ....

the chinese is now No.2 in gold holdings. obviously US and Europe are getting sick and weaker. globalisation is backfiring on US . they have outsourced all their top brands and intellectual advantages to china and re-importing them into US . China is silently getting stronger by having exported the goods US buys on credit card . US is indebted to China . China has silently penetrated resource rich Africa . In order not to make China any more stronger by pushing up the price of gold , it makes sense to keep gold price down .

therefore the price of gold will drop ...

ok, please confer a Doctorate on me for my Noble Prize winning thesis !!!

tongue - in- cheek !!!
  • #22,675
  • Feb 11, 2013 12:12pm Feb 11, 2013 12:12pm
Quoting TheArcher
i was just thinking ....

the chinese is now No.2 in gold holdings. obviously US and Europe are getting sick and weaker. globalisation is backfiring on US . they have outsourced all their top brands and intellectual advantages to china and re-importing them into US . China is silently getting stronger by having exported the goods US buys on credit card . US is indebted to China . China has silently penetrated resource rich Africa . In order not to make China any more stronger by pushing up the price of gold , it makes sense to keep gold price...
By the powers invested in me I now confer the Doctorate honor on TheArcher
If you think you can or cannot do it you are correct
  • #22,676
  • Feb 11, 2013 12:22pm Feb 11, 2013 12:22pm
Quoting TheArcher
i was just thinking ....

the chinese is now No.2 in gold holdings. obviously US and Europe are getting sick and weaker. globalisation is backfiring on US . they have outsourced all their top brands and intellectual advantages to china and re-importing them into US . China is silently getting stronger by having exported the goods US buys on credit card . US is indebted to China . China has silently penetrated resource rich Africa . In order not to make China any more stronger by pushing up the price of gold , it makes sense to keep gold price...
Will send to Nobel Committee for their consideration. Certainly more insightful than anything Paul Krugman has ever said.
"The market can remain irrational longer than you can remain solvent"
  • #22,677
  • Feb 11, 2013 12:47pm Feb 11, 2013 12:47pm
Well strong level of 1657 is broken? If so, we will have dollar getting stronger everythere for at least 3 months. Gold is just a commodity now.
  • #22,678
  • Edited 2:02pm Feb 11, 2013 1:37pm | Edited 2:02pm
If usd is getting stronger , we shd be seeing its strength reflected in a few of the major pairs/crosses as a cross reference. * Couldnt notice any earlier. Perhaps, its a delayed thing to be happening soon?

Also, will we be wise in shorting gold n silver? hmmm...hmm...hmm...*And if so, I wonder how far down it ll go.
  • #22,679
  • Feb 11, 2013 10:04pm Feb 11, 2013 10:04pm
Very strong to down...Let's wait and see...
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  • #22,680
  • Feb 11, 2013 10:42pm Feb 11, 2013 10:42pm
Olu and Anton

Thank you ! Thank you !!

Grinning ear to ear !!!

signed

Dr. TheArcher
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