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All Majors and Gold

  • #4,381
  • Apr 15, 2013 6:45am Apr 15, 2013 6:45am
Quoting seaman2
my system is not based on past price movements but on news so there is really nothing to show. The size and speed of down move suggests further large falls based on statistics i collect from similar situations. The main ingredient of gold market right now is HOPE. You know the rest.
thanks...
Wooooohooooo or Boooooohooooo
  • #4,382
  • Apr 15, 2013 6:45am Apr 15, 2013 6:45am
This looks more like a Basing Pattern forming than a retrace?
Cheers,
U2
30m
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_30m[1]Spot Gold.png Size: 28 KB
Wait, or you will be slaughtered!
  • #4,383
  • Apr 15, 2013 6:46am Apr 15, 2013 6:46am
can someone post a chart that gives 10yrs of pricing
thanks
G
Wooooohooooo or Boooooohooooo
  • #4,384
  • Apr 15, 2013 6:49am Apr 15, 2013 6:49am
Quoting gnomoneey
can someone post a chart that gives 10yrs of pricing thanks G
10 year MLY
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_ MLY[1]Spot Gold.png Size: 17 KB
Wait, or you will be slaughtered!
  • #4,385
  • Apr 15, 2013 6:51am Apr 15, 2013 6:51am
Quoting gnomoneey
can someone post a chart that gives 10yrs of pricing thanks G
10 year WLY
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_ WLY[1]Spot Gold.png Size: 24 KB
Wait, or you will be slaughtered!
  • #4,386
  • Apr 15, 2013 6:53am Apr 15, 2013 6:53am
Quoting Uturn2
10 year WLY {image}
10 Year WLY Line Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_ WLY[2]Spot Gold.png Size: 20 KB
Wait, or you will be slaughtered!
  • #4,387
  • Apr 15, 2013 6:54am Apr 15, 2013 6:54am
Quoting gnomoneey
can someone post a chart that gives 10yrs of pricing thanks G
from 1986 Quarterly Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_QLY[1]Spot Gold.png Size: 16 KB
Wait, or you will be slaughtered!
  • #4,388
  • Apr 15, 2013 6:55am Apr 15, 2013 6:55am
Quoting Uturn2
10 year WLY {image}
thanks....im only able to go 2010

ok draw fib from 300 to 19xx-high...
I want to see the fib points and where they line up

thanks uturn2
Wooooohooooo or Boooooohooooo
  • #4,389
  • Apr 15, 2013 7:09am Apr 15, 2013 7:09am
let's test this market out :

Sell on stop at 1400. Lowest swing high on a minute chart will be stop.

Should be quick as is nearly sleep time for me. Price now 1407.
  • #4,390
  • Apr 15, 2013 7:14am Apr 15, 2013 7:14am
Quoting Uturn2
from 1986 Quarterly Chart {image}
are they bringing to 11xx or lower to 8xx

if any lower from current then physical holders are out $5xx/oz ...at 11xx then 50% haircut....when would they start to get rid of the physical or would they not....

in other hand paper gold cut down 50% is huge....again when will they close their positions...

interesting
Wooooohooooo or Boooooohooooo
  • #4,391
  • Apr 15, 2013 7:17am Apr 15, 2013 7:17am
Quoting Uturn2
10 Year WLY Line Chart {image}
it'll also be interesting to see ewp on this chart
any takers on who will post.....
thanks,

G
Wooooohooooo or Boooooohooooo
  • #4,392
  • Apr 15, 2013 7:30am Apr 15, 2013 7:30am
Quoting seaman2
let's test this market out : Sell on stop at 1400. Lowest swing high on a minute chart will be stop. Should be quick as is nearly sleep time for me. Price now 1407.
I am off now. Here is weekly with couple of fibos. 1300 is confluence os 2 fibos & round number.
Attached Image (click to enlarge)
Click to Enlarge Name: gold3.JPG Size: 152 KB
  • #4,393
  • Apr 15, 2013 7:36am Apr 15, 2013 7:36am
Quoting gnomoneey
are they bringing to 11xx or lower to 8xx if any lower from current then physical holders are out $5xx/oz ...at 11xx then 50% haircut....when would they start to get rid of the physical or would they not.... in other hand paper gold cut down 50% is huge....again when will they close their positions... interesting
The advantage of paper gold trading is leverage. Paper trading use leverage to increase the buying or selling power. This can also be the disadvantage if in the wrong side of the market. They can be panic if this selling goes on.
If you ask me advantage of physical gold, that would be the holding power. They can hold it as long as they want except if they really need the money. Unless someone stupid enough to borrow money to buy physical gold, they can hold the gold indefinitely. In fact, I suspect that the physical gold buyer hugging the golda bar while sleeping. If they are sure that the bull market is over, maybe they will consider selling this glittering metal.
Take my view with a pinch of salt!
  • #4,394
  • Apr 15, 2013 7:37am Apr 15, 2013 7:37am
Quoting seaman2
I am off now. Here is weekly with couple of fibos. 1300 is confluence os 2 fibos & round number. {image}
thanks seaman2
Wooooohooooo or Boooooohooooo
  • #4,395
  • Apr 15, 2013 7:42am Apr 15, 2013 7:42am
so it is like ny session is trying to start first retracement. 1450 would be good point to short.
  • #4,396
  • Apr 15, 2013 7:48am Apr 15, 2013 7:48am
Quoting samadum
so it is like ny session is trying to start first retracement. 1450 would be good point to short.

Attached Image (click to enlarge)
Click to Enlarge Name: xauapril15m15.png Size: 49 KB
Wooooohooooo or Boooooohooooo
  • #4,397
  • Apr 15, 2013 7:51am Apr 15, 2013 7:51am
Quoting anudora
If they are sure that the bull market is over, maybe they will consider selling this glittering metal.
exactly. And after they are convinced that bull is over and sell, is when market will reverse up. I dont think we are there yet.
  • #4,398
  • Apr 15, 2013 8:16am Apr 15, 2013 8:16am
down again..not closing above asia low..
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GBP/USD
  • #4,399
  • Apr 15, 2013 8:35am Apr 15, 2013 8:35am
Back gno
Fibs on MLY
Attached Image (click to enlarge)
Click to Enlarge Name: 130415_ MLY[2]Spot Gold.png Size: 20 KB
Wait, or you will be slaughtered!
  • #4,400
  • Apr 15, 2013 8:42am Apr 15, 2013 8:42am
Quoting deepak925
down again..not closing above asia low.. {image}
hope it continues after NY OPEN??
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