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

A possible down. Seems the market want it under 1400.00 for the day. Down down down...

Looks like a UP BUT then again location and lack of wanting to go up over 1400.00 make me pause.

Stuck in a wedge. Also two forks, one with 50% offset:

I think the gold Shorter term. Then wave C to complete the loss will be. Wave C is still not complete.

some are saying gold will go to 1250-800usd and silver is back to 5dollars. some are saying silver will touch to 190dollars. 190 :nerd:

symmmetrical triangle ?

Gold Bears Return as ETP Rout Extends to 17th Week: Commodities

Oh cmon... you know Buffet is paid to make this a public memo, right?

How can you believe this when he was long the precious metals for the last 10 years?

Buffet dumped most his silver when the rest of the banks manipulated the price, back in May 2011.



Anyway, the big boys will be reloading very soon.... I got some already but waiting for $17.50 to $18.50 to literally bet the house.


XAGUSD Weekly

XAGUSD Quarterly

fantastic chart, especially the logarithmic chart of silver.... my eye needed to see that so badly. it looks significantly more bullish than a standard scale


we often see the gold vs silver ratio go bullish when the precious metals are bearish, and gold silver ratio goes bearish when precious metals go bullish (silver has larger movements)


we will see that move back to 15:1 ratio eventually, with probably a touch on 5:1 before it stabilizes.


as far as industrial production goes, the ratio is less than 10:1 this year

WTF does that mean.

And no btw he wasn't long for 10 years.

it means... he wants the public not to do what he is doing. and if not him, someone else doesn't want it (can you guess who that might be?)

and now i just know you are lying... or just misinformed.. idk.. yes, buffet was holding metals through 2000-2010 decade. to say otherwise... honestly..


i don't why people love warren buffet when he constantly treats the public like Goldman Sachs treats its clients (i mean muppets)


buffet talks about how gold doesn't pay interest... but the funny thing is, all the big boys know that interest and carry trades mean pretty much jack shit to overall profit. its all about price fluctuation. unless you shorted USDMXN in 2009, or some other extremely risky asset with high yield. those trades are rare though and still more profit was made off the price fluctuation over 2 years (short USDMNX) than 700++ days of awesome PESO depo rates (like 30 pips a day or something)



by the way, his whole philosophy on gold applies to literally every market. you have to hope someone pays you more for it or the interest you gained WILL NOT cover the losses in price fluctuation.


i just dont like when people worship warren for nothing.. especially his moronic approach to markets (or rather, slight of hand..since everyone and their mother knows warren buffet is a "savy" investor.

Warren didn't build Berkshire Hathaway purely from his own knowledge of market value. But he does get pretty much all of the credit

and one for gold. theres more industrial demand for silver and a smaller above ground inventory, but that doesn't matter. all that matters is that central banks are holding physical gold and xau longs.. so gold is perceived as more valuable for pretty much that very reason.

this week will be extremely interesting to say the least.

..... you don't have a clue so don't bother anymore because I've put you on ignore.

This week will bring volatility with the CB releases and such but I see PMs making new YTD lows soon. Not enough demand on the market right now.

Exactly it. Weakness in Euroland and slow growth here in the U S as well as in China (the real numbers, not the prior inflated ones).

And no inflation, at least the way central bankers calculate it.

India has inflation but they are putting controls on the economy and the import of ..... Gold.

will symmetrical triangle pattern work ?

is gold bottomed or not yet?

I am not a analyst but I have already informed on May 7,2013 about 43 days ago I have guessed this figure ,but not I have in accordance with above mentioned analysis this figure, but not also I sell I have already bought gold . Until now I have sold despite of above mentioned analyze but also I made more benefit.


I am intending to advice that there is much difference between transaction and analyze ,and I am glad that I am a dealer , and I know that most of your colleagues obtain very good benefit form market within in two days and I am enjoying and glad besides you.



Thanks & best regards

NIMO

Bounce maybe. Bottom probably not.

But is all depends on what you mean by bottom. Short or long term etc etc.