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

  • #23,461
  • Apr 16, 2013 6:57am Apr 16, 2013 6:57am
I'm not selling my physical - seriously doubt it will go to $0.

People on Kitko were complaining yesterday that a lot of places where they buy physical were all out of stock

Is anyone else short (paper)? I closed mine but watching PA for another entry...
Anything can happen.
  • #23,462
  • Apr 16, 2013 7:02am Apr 16, 2013 7:02am
Quoting ddinnov
I'm not selling my physical - seriously doubt it will go to $0. People on Kitko were complaining yesterday that a lot of places where they buy physical were all out of stock Is anyone else short (paper)? I closed mine but watching PA for another entry...
Like you, I closed my shorts down near yesterday's low. Looking for OB conditions and price to roll back over to re-enter short. GL
  • #23,463
  • Apr 16, 2013 7:04am Apr 16, 2013 7:04am
Quoting syedhsg
boston Bombing. possible start for a new war. landsliding in a big copper mine. = mining will be halted for years. reduction in supply i do sound paranoid but i am going to believe it is all orchestrated.
No delusional, but not paranoid. No, never.

But the Brasilian broken record is another story.
  • #23,464
  • Apr 16, 2013 7:09am Apr 16, 2013 7:09am
USDX is taking a beating. Gold may not drop today during US open. FED Dudley just noted as saying he favors continued QE, after March's NFP jobs report.
  • #23,465
  • Apr 16, 2013 7:18am Apr 16, 2013 7:18am
Where is the bear?
  • #23,466
  • Apr 16, 2013 7:28am Apr 16, 2013 7:28am
Dudley NY Fed Pres Quote:

"As I stated in my recent Economic Club speech, the benefits of our asset purchases—as reflected in improving financial conditions and the quickening pace of interest-sensitive spending such as that on consumer durable goods, housing, and capital goods—exceeds the costs. Furthermore, the labor market outlook has yet to show substantial improvement. Consequently, I see the current pace of asset purchases as appropriate."
  • #23,467
  • Apr 16, 2013 7:31am Apr 16, 2013 7:31am
Quoting EricB
Dudley NY Fed Pres Quote: "As I stated in my recent Economic Club speech, the benefits of our asset purchases—as reflected in improving financial conditions and the quickening pace of interest-sensitive spending such as that on consumer durable goods, housing, and capital goods—exceeds the costs. Furthermore, the labor market outlook has yet to show substantial improvement. Consequently, I see the current pace of asset purchases as appropriate."
Gold is trading around daily pivot. All US fundamentals just came out, SUCKED. USD may not rally against Gold today. .
  • #23,468
  • Apr 16, 2013 8:47am Apr 16, 2013 8:47am
Quoting davidsayli
Selam From Istanbul; Gold dropped from 1560 to the 1320 in a few days. It was a really very fast down. I think a correction will come to the 1410 (%38.2 Fibo Correction). It will be very normal rising. But everybody knows US Dollars getting very strong when US Economy gives us better data numbers in 6 months. Hedge funds buy 6 months later at the moment. Because they are trading for long-term. If Gold rises to the 1410 (Fibo %38.2 correction) it brings more Bears to open sell positions. THIS IS A TRAVEL TO SEE 1100 LEVEL FOR GOLD IN 3 MONTHS!!!...
BE CAREFULL!!!

BIG BEARS TRY TO FIND A GOOD LEVEL TO SELL HEAVY POSITIONS!!!

We will see A SUDDEN DROP WHEN THEY OPEN SHORT POSITIONS!!!

GL
  • #23,469
  • Apr 16, 2013 9:39am Apr 16, 2013 9:39am
Don't scream nonsense around...
  • #23,470
  • Apr 16, 2013 9:41am Apr 16, 2013 9:41am
I don't see any bear around!
  • #23,471
  • Apr 16, 2013 9:41am Apr 16, 2013 9:41am
GBP/USD
  • #23,472
  • Apr 16, 2013 10:30am Apr 16, 2013 10:30am
Quoting davidsayli
BE CAREFULL!!! BIG BEARS TRY TO FIND A GOOD LEVEL TO SELL HEAVY POSITIONS!!! We will see A SUDDEN DROP WHEN THEY OPEN SHORT POSITIONS!!! GL
dude u gone quiet that's bad..back urself
GBP/USD
  • #23,473
  • Apr 16, 2013 11:25am Apr 16, 2013 11:25am
oh yeah, come on, oh yeah...
  • #23,474
  • Apr 16, 2013 12:35pm Apr 16, 2013 12:35pm
Best article I have come across so far on Gold movement:

http://www.alhambrapartners.com/2013...e-this-before/
  • #23,475
  • Apr 16, 2013 12:40pm Apr 16, 2013 12:40pm
Based on this article I am back to the conclusion as the deadline for June expiry on future contracts approaches the price may head higher. The demand for physical gold is going to go up as CB's raise more physical gold for collateral uses further down the line. They might be seeing this as a buying opportunity.
  • #23,476
  • Apr 16, 2013 2:02pm Apr 16, 2013 2:02pm
BE CAREFULL!!!

Gold will drop without parachute!!!

FIRST TARGET : 1290 (This week)
SECOND TARGET : 1100 (In 3 months)
THIRD TARGET : 850 (Next year when USA increase interest rate)

GL
  • #23,477
  • Apr 16, 2013 7:08pm Apr 16, 2013 7:08pm
And in this corner hailing from Walla Walla, Washington and ..........

http://www.cnbc.com/id/100646986
  • #23,478
  • Apr 16, 2013 8:29pm Apr 16, 2013 8:29pm
Quoting davidsayli
BE CAREFULL!!! Gold will drop without parachute!!! FIRST TARGET : 1290 (This week) SECOND TARGET : 1100 (In 3 months) THIRD TARGET : 850 (Next year when USA increase interest rate) GL
Is that your guess?

Or are you talking with some good source of information from Vulture and Pirate Funds? (be it GOLD-MAN-Sucks, Pirate Morgan Stanley, PIMCO or whatever, they manipulated the fall after all, like they manipulated many other moves in the past, over and over again).
The Black Swan: The Impact of the Highly Improbable
  • #23,479
  • Apr 16, 2013 10:48pm Apr 16, 2013 10:48pm
Quoting davidsayli
BE CAREFULL!!! BIG BEARS TRY TO FIND A GOOD LEVEL TO SELL HEAVY POSITIONS!!! We will see A SUDDEN DROP WHEN THEY OPEN SHORT POSITIONS!!! GL
So does it mean we can long untill that level?
  • #23,480
  • Apr 16, 2013 11:07pm Apr 16, 2013 11:07pm
Hi,

Is it advisable to buy at current market level (1380)?

George
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