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All Majors and Gold

  • #6,581
  • May 22, 2013 4:09pm May 22, 2013 4:09pm
Quoting gnomoneey
forgot to tell people about this indicator for times like todaygo to top of this thread and open the attachment button.look at the 4 file attachmentsdownload AutoPivotIndicator_v...mq4 then use it...see what happens when you use that and fib along with stochastic
great
  • #6,582
  • May 22, 2013 4:11pm May 22, 2013 4:11pm
Quoting EricB
{quote} No - I'm not buying at this level. No clarity.
is your trade plan for bear or bull...
Wooooohooooo or Boooooohooooo
  • #6,583
  • May 22, 2013 4:12pm May 22, 2013 4:12pm
Quoting Mada001
{quote} great
did u installed it yet
Wooooohooooo or Boooooohooooo
  • #6,584
  • May 22, 2013 4:25pm May 22, 2013 4:25pm
Quoting gnomoneey
{quote} is your trade plan for bear or bull...
On a longer horizon I am bullish for Gold. Short term unclear right now. Lets see what comes up next couple of days.
  • #6,585
  • May 22, 2013 4:26pm May 22, 2013 4:26pm
Quoting gnomoneey
{quote}did u installed it yet
of course i copied it to indicators file in metatrader and set it up to chart but what about the stochastic, is there any special setting to be adjusted in it's periods??
  • #6,586
  • May 22, 2013 4:29pm May 22, 2013 4:29pm
Quoting Mada001
{quote} of course i copied it to indicators file in metatrader and set it up to chart but what about the stochastic, is there any special setting to be adjusted in it's periods??
I use 14,3,3
with
20
50
80
Wooooohooooo or Boooooohooooo
  • #6,587
  • May 22, 2013 4:30pm May 22, 2013 4:30pm
Hi.Here is my short term view about gold. Indices are down today after Ben Bernanke mentioned taping,yen also stronger.Both S&P and usd/jpy can correct further down which is strongly corellated with Gold and it is supportive factor for Gold right now,otherwise we would plunge much more.
I think we are heading down as strong dollar will prevail and also physical demand is diminishing ,run out of etf's is pushing it down too.
We will see lows soon maybe 1310-1300 or even 1260.I will be buyer there.
Market is closed for a while so here is a video for long evening
My friend and mentor told me to sell around 1413 but i was not listening,i sold with break of 1400 i could be more safer now
Good luck to all
Inserted Video
  • #6,588
  • May 22, 2013 5:06pm May 22, 2013 5:06pm
Quoting Cibi
Hi.Here is my short term view about gold. Indices are down today after Ben Bernanke mentioned taping,yen also stronger.Both S&P and usd/jpy can correct further down which is strongly corellated with Gold and it is supportive factor for Gold right now,otherwise we would plunge much more.I think we are heading down as strong dollar will prevail and also physical demand is diminishing ,run out of etf's is pushing it down too.We will see lows soon maybe 1310-1300 or even 1260.I will be buyer there.Market is closed for a while so here is a video for...
keep these coming please....very informative....
Wooooohooooo or Boooooohooooo
  • #6,589
  • May 22, 2013 5:20pm May 22, 2013 5:20pm
Quoting Cibi
Hi.Here is my short term view about gold. Indices are down today after Ben Bernanke mentioned taping,yen also stronger.Both S&P and usd/jpy can correct further down which is strongly corellated with Gold and it is supportive factor for Gold right now,otherwise we would plunge much more.I think we are heading down as strong dollar will prevail and also physical demand is diminishing ,run out of etf's is pushing it down too.We will see lows soon maybe 1310-1300 or even 1260.I will be buyer there.Market is closed for a while so here is a video for...

Thanks for this Cibi - his analysis is very similar to what i have been saying in my posts and I had put a similar graph on COT up as well. The conclusion is however that we don't know what the low could be and that what we need to bet on. One way of finding this out would be to determine the amount of margin bullions are using on GLD. If the price goes lower it coudl squeese the longs releasing more metal from ETF's taking us lower.
  • #6,590
  • May 22, 2013 5:35pm May 22, 2013 5:35pm
Olu

can you please post a ew chart for gold

thanks
G
Wooooohooooo or Boooooohooooo
  • #6,591
  • May 22, 2013 5:40pm May 22, 2013 5:40pm
Quoting gnomoneey
{quote} gold sir.... usoil...going down at the moment...looking at 94 before bounce of that support and if not then go for 88...imo but also remember that its long driving and long weekend season now in north America....so oil might go for 10x also...
let's now watch to see the reaction....bounce or break
Wooooohooooo or Boooooohooooo
  • #6,592
  • May 22, 2013 6:18pm May 22, 2013 6:18pm
Quoting EricB
{quote} Thanks for this Cibi - his analysis is very similar to what i have been saying in my posts and I had put a similar graph on COT up as well. The conclusion is however that we don't know what the low could be and that what we need to bet on. One way of finding this out would be to determine the amount of margin bullions are using on GLD. If the price goes lower it coudl squeese the longs releasing more metal from ETF's taking us lower.
My longterm view

yes Eric,we have similar view .
As you say,it is hard to catch falling knife,but i expect bounce in these areas.
I am opening more positions on those levels, for my short term trading and also long term investment(which i do not have to worrie about),i think it is opportunity of decade buy precious metals on good levels.
In long run,i am expecting ultimately 1200 or even 1100 but we really need strong correction before continuation down.
We have a different view Eric in one aspect,i do not think gold will go to more than 1600$ anytime soon(as your program say),too many factors pushing it down.

Also there was disturbing message yesterday that Huge Russian producer of precious metals hedged his gold position first time after years really(50%!).
It can be cursed circle for gold as in 90s, every strong upmove in Gold was hedged and pushed price down.
Actually i was reading lot of data, gold was rising for twelve years as we had big unwinding of those positions.
So we have to watch what producers do.
On other side purchasing power of Asia is rising,we are not living in 90s,Chinesse wifes bought 300 tonnes of real physical gold with first touch of 1320$ if we drop to 1200-1100$ physical demand will crush Comex and silver futures too.Volume in futures for silver is all time high,since this year its more than for the last 10 years... something big is brewing...
I am buying silver with each big correction,i am waiting more than 5 weeks for my kilogram bars,there are shortages for sure already.
Also people watch JGB'S and yen, i trade gold and silver but i have 10 other charts running just for it .
It could be nice to have a program for all that stuff, small magic black box as wall street banks have

Also nice infographics for you guys http://www.visualcapitalist.com/what...of-mining-gold
This should be our ultimate price target for bottom,it is rare for markets to be under production costs for long time.
Also do not forget we have 12 year bull market which can end up with 50% correction as in many markets.
So do not fight it,jump on it from next bounce.

Gnomoney you have nice charts and trading
Good luck to all
  • #6,593
  • May 22, 2013 6:31pm May 22, 2013 6:31pm
Hi Cibi

Two things:

1) Also there was disturbing message yesterday that Huge Russian producer of precious metals hedged his gold position first time after years really(50%!).

I heard about that but the miner in question Petropavlovsk plc (who has hedged their position to 1405-1408) was under a lot of pressure on near term technological updates. Also the management in that miner is rather weak so I am not sure if it was the right decision.

2) My market exhaustion program is just one indicator - but it was predicting a rise to 1600's in October, not anytime soon. In anycase its a new program and I am not sure of its reliability.

3) Good stuff on getting physical. I am sure you will be very happy with the purchase in a few years!


Thanks for your post.
  • #6,594
  • May 22, 2013 7:10pm May 22, 2013 7:10pm
usd gaining in most pairs....while xau.usd pretty flat
Wooooohooooo or Boooooohooooo
  • #6,595
  • May 22, 2013 7:14pm May 22, 2013 7:14pm
cibi and ericb

can you tell me what options expiry will do this month?
is there any charts you use to determine possible direction?

thanks,
G
Wooooohooooo or Boooooohooooo
  • #6,596
  • May 22, 2013 7:14pm May 22, 2013 7:14pm
Quoting gnomoneey
usd gaining in most pairs....while xau.usd pretty flat

Maybe Asia ladies is buying..
  • #6,597
  • May 22, 2013 7:16pm May 22, 2013 7:16pm
Quoting k3nshinz3139
{quote} Maybe Asia ladies is buying..
I myself want it to retrace to 139x and then dropping...hope this is done tonight
Wooooohooooo or Boooooohooooo
  • #6,598
  • May 22, 2013 7:18pm May 22, 2013 7:18pm
Quoting gnomoneey
{quote} I myself want it to retrace to 139x and then dropping...hope this is done tonight
Tonight Europe area will come out many news.. Maybe gold will retrace there..
  • #6,599
  • May 22, 2013 7:22pm May 22, 2013 7:22pm
Quoting gnomoneey
usd gaining in most pairs....while xau.usd pretty flat
Look at JGB'S halted at open,bad news for Japan again and for gold, it is holding brave for now.
  • #6,600
  • May 22, 2013 7:23pm May 22, 2013 7:23pm
Quoting gnomoneey
forgot to tell people about this indicator for times like todaygo to top of this thread and open the attachment button.look at the 4 file attachmentsdownload AutoPivotIndicator_v...mq4 then use it...see what happens when you use that and fib along with stochastic
when i open it,icon showed (can not open the file)
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