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

  • #23,841
  • Jun 29, 2013 8:16am Jun 29, 2013 8:16am
I think Gold will from 1234 level to 1215 and then move again towards 1270.Silver is relatively strong.It may fall strongly in next week.Lets see what happen.
  • #23,842
  • Jun 29, 2013 11:38am Jun 29, 2013 11:38am
well, it was last day of week, month, quarter, and half-year finally
  • #23,843
  • Jun 29, 2013 12:15pm Jun 29, 2013 12:15pm
Impressive selling at 1300? It has only been in a downtrend for close to two years.
  • #23,844
  • Jul 1, 2013 12:36pm Jul 1, 2013 12:36pm
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  • #23,845
  • Jul 1, 2013 5:30pm Jul 1, 2013 5:30pm
Quoting SunTrader
Impressive selling at 1300? It has only been in a downtrend for close to two years.
Do you see the downtrend drawing to a close here?
  • #23,846
  • Jul 1, 2013 7:06pm Jul 1, 2013 7:06pm
Quoting Wheels
{quote} Do you see the downtrend drawing to a close here?
No.
  • #23,847
  • Jul 1, 2013 8:20pm Jul 1, 2013 8:20pm
Quoting SunTrader
{quote} No.
Thank you for the clear response. Are you in the $1000 price target camp? 800-900?

I don't see clear answers in the price action, but respect your analysis. I see this talk of pre-crisis gold as a load of garbage. We will never return to a world before 2008-09 and the debt crisis isn't going anywhere. Not to say price won't return to those levels, but I think there is no correlation between price action now and "pre-crisis" markets; "pre-crisis price level" is a confounding misnomer to say the least.
  • #23,848
  • Jul 2, 2013 5:44am Jul 2, 2013 5:44am
I steer way clear of big round numbers and you should know by now I follow price action pure and simple and could care less pre post whatever.

For clues to a possible turn in Gold watch Gold/Silver and Gold/SPX ratios. Neither have shown any divergence from the paths they have been on for a good while now.

But in any case another hundred or two lower to go is very possible or "heavens to betsy" break the one thousand mark.
  • #23,849
  • Jul 2, 2013 7:51am Jul 2, 2013 7:51am
Quoting SunTrader
I steer way clear of big round numbers and you should know by now I follow price action pure and simple and could care less pre post whatever. For clues to a possible turn in Gold watch Gold/Silver and Gold/SPX ratios. Neither have shown any divergence from the paths they have been on for a good while now. But in any case another hundred or two lower to go is very possible or "heavens to betsy" break the one thousand mark.
Hi sun trader, any idea about this week support and resistance? Tx before
  • #23,850
  • Jul 3, 2013 8:52am Jul 3, 2013 8:52am
Quoting w4nting
{quote} Hi sun trader, any idea about this week support and resistance? Tx before
Well we are half way thru the week already but last weeks high & low seems about right.
  • #23,851
  • Jul 4, 2013 2:22pm Jul 4, 2013 2:22pm
A lot of things changed for a relativly small down move.
Specially sentiment is now in favor of the bulls.
the manipulation of CME + bullion banks + central banks + paper gold, made price go to this low and now to me its time for the bulls to make their move.. its really simple and depends on what they do.
Lets suppose they make a up move above 1300, gold price suppression might set in again, i don't know how far they will want to keep doing this. it really depends on their presistence.

I think you need to have a lot of capital to withstand losses if you don't want to get hurt in these games and speculate on price of gold.
  • #23,852
  • Jul 5, 2013 4:32am Jul 5, 2013 4:32am
I'm LONG - Looking for a bounce to 1300.00

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  • #23,853
  • Jul 5, 2013 7:35am Jul 5, 2013 7:35am
Non-Farms stopped me out at Break Even... No worries.

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Solid fills even during Non-Farms.... amazing... I love you(you know who you are)...
  • #23,854
  • Jul 5, 2013 11:53am Jul 5, 2013 11:53am
Dead Cat Bounce - downtrend never ended. Not smart looking for long.

Better to wait till it turns then trying to pick a bottom.
  • #23,855
  • Jul 5, 2013 11:57am Jul 5, 2013 11:57am
Quoting Primadonna
........
Specially sentiment is now in favor of the bulls. the manipulation of CME + bullion banks + central banks + paper gold, made price go to this low and now to me its time for the bulls to make their move.. its really simple and .........



Oh really.

Have you seen dollar lately especially against a big gold buyer country India and their rupee?

And so many other factors besides maaaaaa nipulation.
  • #23,856
  • Jul 6, 2013 8:23am Jul 6, 2013 8:23am
Quoting davidsayli
{quote} GOLD LONG TERM TRADING Gold will melt like a iceberg slowly. We will see the gold 685$/ounce at the end of 2014 (Please look at the vertical red line to see the date below) GOLD WEEKLY CHART {image} FIRST TARGET : 1060 (3 MONTHS LATER ) SECOND TARGET : 850 ( 1 YEAR LATER WHEN FED FINISH QE3 ) THIRD TARGET : 680 (BEGINNING OF 2015 WHEN USA INCREASE INTEREST RATE ) SOME BIG HEDGE FUNDS STILL OPENNING HEAVY SELL POSITIONS!!! THEY ARE TARGETTING 680 FOR GOLD !!! GL
We can see a big drop to the 1100 on this Monday

GL
  • #23,857
  • Jul 6, 2013 8:26am Jul 6, 2013 8:26am
Quoting davidsayli
{quote} We can see a big drop to the 1100 on this Monday GL

Any reason?

I mean "we can see" big alien spaceships arrive on Monday but I don't think it likely.......
  • #23,858
  • Jul 6, 2013 8:30am Jul 6, 2013 8:30am
Quoting cg uno
{quote} Any reason? I mean "we can see" big alien spaceships arrive on Monday but I don't think it likely.......

NFP number was 195k last week. USA will decrease QE3 very soon. Asian traders will sell on Sunday night. We can see a big drop to the 1100 if 1180 breaks !!!
  • #23,859
  • Jul 6, 2013 8:36am Jul 6, 2013 8:36am
Quoting davidsayli
{quote} NFP number was 195k last week. USA will decrease QE3 very soon. Asian traders will sell on Sunday night. We can see a big drop to the 1100 if 1180 breaks !!!
Closed at 1223 so if we fall $43 we can fall further....... Got it

BTW Look at the unemployment rate - which went up. The rise in jobs in the headline number was from temp jobs not full time ones..... A bit illusory imho

http://www.zerohedge.com/news/2013-0...-plunge-240000
  • #23,860
  • Jul 6, 2013 8:48am Jul 6, 2013 8:48am
Quoting davidsayli
{quote} NFP number was 195k last week. USA will decrease QE3 very soon. Asian traders will sell on Sunday night. We can see a big drop to the 1100 if 1180 breaks !!!
Are you now or have you ever been a space cadet? Your other predictions (including this one) seem to come from an area where there is a severe lack of oxygen.
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