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

  • #22,681
  • Feb 11, 2013 10:47pm Feb 11, 2013 10:47pm
touching the floor .... oscillate between 1660 and 1640 ?
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  • #22,682
  • Feb 11, 2013 10:56pm Feb 11, 2013 10:56pm
Quoting dharmainfra
Very strong to down...Let's wait and see...
i was thinking of ur downward channel too ... no point repeating it ... hence pasting ur chart
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  • #22,683
  • Edited 11:26pm Feb 11, 2013 11:09pm | Edited 11:26pm
there are lines and there are lines
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  • #22,684
  • Feb 11, 2013 11:28pm Feb 11, 2013 11:28pm
My techie mate just mentioned that Gold has broken a 100 week MA .

Is the shine going to turn to shite ..?

The year of the snake ?.. Well it aint the year of the ladder on this one.

sub 1400 ?
  • #22,685
  • Feb 11, 2013 11:31pm Feb 11, 2013 11:31pm
Quoting vaidas7777
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.
member davidsayli said 1550 in 3 months time

prototip (if i recollect correctly) also said something similar

u said 1500-1570 in 6 months time

what is that u know that we mere mortals are left in the dark ?

care to share ?
  • #22,686
  • Feb 12, 2013 2:24am Feb 12, 2013 2:24am
Bought XAG USD at 30,79. Lets see. No stops so far.

Seems I will have not to do anything and will get my silver at 30,75 wondering if that is low enough though.
GSR continued to move up yesterday on weaker PM prices as it has broken the triangle last week to the upside, and is still within well working fork:
http://goldprice.org/charts/history/...nth_silver.png Early today it has also broken through the previous resistance testing it as support, but for that we shall wait for the end of day. It could be that is also has a little pullback today. If it continues to move up to the top of the fork, it is 54,5 or silver around 30,4.
I am posting GSR fork as I can not find any gold or silver fork that would be working right now, at least not short term. (1-2 months)
http://img801.imageshack.us/img801/2...rfeb112013.png
I wonder what the NK nuke test will do to the USDx and PMs. Have not read any analysis- anyone?
Should move USDx up. Safety.
  • #22,687
  • Feb 12, 2013 2:55am Feb 12, 2013 2:55am
1642 to 1635 are buy zones for bulls if this bull trend is going to continue. Bullish Gartley pattern has completed, lets see if the bulls will take off
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  • #22,688
  • Feb 12, 2013 3:59am Feb 12, 2013 3:59am
Quoting lasty
My techie mate just mentioned that Gold has broken a 100 week MA .

Is the shine going to turn to shite ..?

The year of the snake ?.. Well it aint the year of the ladder on this one.

sub 1400 ?
I have already cut my longs in gold mining stocks by 2/3's at this point. With the last 1/3 being in options, as I can't predict where price will go from here. Its totally 50/50 from here. A breakdown can be nasty and a failure to breakdown can be very bullish.
  • #22,689
  • Feb 12, 2013 4:02am Feb 12, 2013 4:02am
Quoting split_unit
I have already cut my longs in gold mining stocks by 2/3's at this point. With the last 1/3 being in options, as I can't predict where price will go from here. Its totally 50/50 from here. A breakdown can be nasty and a failure to breakdown can be very bullish.
I'm adding to my NUGT position. Record lows spells profit to me. I'm hoping for a 7.50 entry.
You can always make money tomorrow provided you don't lose it today.
  • #22,690
  • Feb 12, 2013 5:10am Feb 12, 2013 5:10am
Quoting split_unit
I have already cut my longs in gold mining stocks by 2/3's at this point. With the last 1/3 being in options, as I can't predict where price will go from here. Its totally 50/50 from here. A breakdown can be nasty and a failure to breakdown can be very bullish.
gold suddenly spike up ..is it take off sign ??
  • #22,691
  • Feb 12, 2013 6:26am Feb 12, 2013 6:26am
Quoting elekboy
gold suddenly spike up ..is it take off sign ??
my personal opinion is not yet. probably gold will ranging until friday g20 .
  • #22,692
  • Feb 12, 2013 7:18am Feb 12, 2013 7:18am
Quoting KADC
I'm adding to my NUGT position. Record lows spells profit to me. I'm hoping for a 7.50 entry.
Goodluck with that, it it could be a buying opportunity as you mentioned.
  • #22,693
  • Feb 12, 2013 7:23am Feb 12, 2013 7:23am
Quoting elekboy
gold suddenly spike up ..is it take off sign ??
Based on technical analysis and this, it might be a take off sign... especially as governments continue to debase their currencies...
  • #22,694
  • Feb 12, 2013 9:01am Feb 12, 2013 9:01am
Quoting TheArcher
member davidsayli said 1550 in 3 months time

prototip (if i recollect correctly) also said something similar

u said 1500-1570 in 6 months time

what is that u know that we mere mortals are left in the dark ?

care to share ?
Well,
1.Gold mining cost is about 1300 usd/oz
2. Gold in my opinion is a construction of three parts:
a) Inflation hedge ( can you see inflation everythere exept consumer inflation? No. It's deflation
b) Fear factor ( then everything gets bad, even bonds, this will be in 2016, then we will buyin.
c) Commodity, depending on world economics.
And if you look at support ressistances, and all these 3 parts you are nuts if you bet on gold rising. BTW after US presidential elections dollar goes stronger istoricaly, exept 2009.
  • #22,695
  • Feb 12, 2013 9:31am Feb 12, 2013 9:31am
take note of the higher ranks giving instructions to keep changing their statements. Its too coincidental.

they are trying to manipulate the market/price and shake out the weak positions.

this will affect prices of silver and gold as well.
  • #22,696
  • Feb 12, 2013 11:20am Feb 12, 2013 11:20am
Quoting vaidas7777
Well,
1.Gold mining cost is about 1300 usd/oz
2. Gold in my opinion is a construction of three parts:
a) Inflation hedge ( can you see inflation everythere exept consumer inflation? No. It's deflation
b) Fear factor ( then everything gets bad, even bonds, this will be in 2016, then we will buyin.
c) Commodity, depending on world economics.
And if you look at support ressistances, and all these 3 parts you are nuts if you bet on gold rising.
1. I still don't get it . how does all this translate into down to 1500 - 1570 in 6 months ?
2. care to share ur support and resistance lines on a chart ?
  • #22,697
  • Feb 12, 2013 11:41pm Feb 12, 2013 11:41pm

Can anyone explain the correlation of VIX , stocks and metals , and its current and future implications ?

  • #22,698
  • Feb 13, 2013 12:11am Feb 13, 2013 12:11am
GSR went down yesterday a bit, may move up today a bit as well, but that would not mean yet PMs plunging further:
http://goldprice.org/charts/history/...nth_silver.png Based on this GSR fork below, which fell below support and found resistance there, we may have a small down day today, or an bigger up day after initial down. Again, this is the only fork in PMs I can find working at this trubulent moment. The reason I went long is that it hit parallel line support turned resistance yesterday. 52, 5 would be first target as it moves down (silver up to 31, 7, gold 1664) . if it breaks that , 51,7 ( 32,5, 1680) , if that- 51 ( 33, 4, 1703) . I would get cautious there.
http://img9.imageshack.us/img9/249/i...rforkfeb12.png
  • #22,699
  • Feb 13, 2013 4:31am Feb 13, 2013 4:31am

  1. Oil Trades Near One-Week High; API Reports First Inventory Drop
  2. Platinum's Premium to Gold Widens to 17-Month High on Zimbabwe
  3. Metals to Advance as China's Yuan Strengthens:
  4. Copper Companies File Court Challenge to JP Morgan ETF Approval
  5. Barclays Cuts Risk 50% as Commodity Trading Staff Shrinks

  • #22,700
  • Feb 13, 2013 5:00am Feb 13, 2013 5:00am
Quoting Alex2222

  1. Oil Trades Near One-Week High; API Reports First Inventory Drop
  2. Platinum's Premium to Gold Widens to 17-Month High on Zimbabwe
  3. Metals to Advance as China's Yuan Strengthens:
  4. Copper Companies File Court Challenge to JP Morgan ETF Approval
  5. Barclays Cuts Risk 50% as Commodity Trading Staff Shrinks

We do not need a reprint from Bloomsberg.
You can always make money tomorrow provided you don't lose it today.
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