XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1289 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #25,761
  • Sep 26, 2013 9:15am Sep 26, 2013 9:15am
buy now
  • #25,762
  • Sep 26, 2013 9:25am Sep 26, 2013 9:25am
Quoting cxgiugn
buy now

be patience guy. wait and see ! look for another m15 pinbar close
I want to be rich.
  • #25,763
  • Sep 26, 2013 9:34am Sep 26, 2013 9:34am
i think 1337 is first good target now
  • #25,764
  • Sep 26, 2013 9:50am Sep 26, 2013 9:50am
Quoting cxgiugn
i think 1337 is first good target now
why?
  • #25,765
  • Edited 12:32pm Sep 26, 2013 11:56am | Edited 12:32pm
didn't turn on laptop : should have noticed double top and divergence . missed it . anyway not much of a gap , just 10 drop .

bigger question is : where hence from here ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold2609.png Size: 30 KB
Click to Enlarge Name: gold2609A.png Size: 21 KB
  • #25,766
  • Sep 26, 2013 11:57am Sep 26, 2013 11:57am
Quoting TheArcher
didn't turn on laptop : should have noticed double top and divergence . missed it . {image}

Missed it too Archer. Work

Olu
If you think you can or cannot do it you are correct
  • #25,767
  • Sep 26, 2013 11:59am Sep 26, 2013 11:59am
Attached Image (click to enlarge)
Click to Enlarge Name: gold2609.png Size: 31 KB
just do it
  • #25,768
  • Edited 12:21pm Sep 26, 2013 12:07pm | Edited 12:21pm
2nd post in forum

Quoting cxgiugn
now short
Maybe 4th??

Quoting cxgiugn
buy now
Not only is this your first as I can see "contribution" yet, there is not even a Chart or a reference, link or any such extra data to accompany your call.

Then a few posts later, "buy now" -

Thankfully someone asked you "WHY?" - and As I thought there was no explanation.

Luckily the majority of the frequenters here will simply read by, or ignore posts like these,
Yet there are many Newbies here and others trying to learn or looking to bounce legitimate ideas off others, that some, may just
consider this as a trading call.

PLEASE REFRAIN FROM POSTING USELESS NONSENSE LIKE THIS.

Since you have not read the first post where the rules were established, I will link it for you
POST ONE - CLICK HERE.

If you want to post trade calls, you are welcome to do so, however they require some bit of legitimate reasoning or backup, ie: Technical reasoning (& CHARTS) UTD
Fundamental Reasoning, (again UTD)
News driven speculation. VALID. not ridiculous
Or Pertinent Economics, ie: Major supply/demand issues etX.

Also if you are a tick scalper or a minute trader, we don't need to hear or record every entry and exit.

If you want to set up an lye down all the aspects for a LARGE LOT SIZE - Low risk - High Reward scalp go for it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,769
  • Sep 26, 2013 12:17pm Sep 26, 2013 12:17pm
Quoting zumarikato
Studied what I could yesterday from beeb's take on pitchforks. Got into a play trade (bit of a late entry) but still good risk to reward ratio. Here my version, call it the zeeb. First day trying out this strategy so lets see if it plays out {image}
Screwed up with the stoploss but checking out the last slope for buying opportunity. At least got palladium and silver with same technique, still needs a lot of back- and forward testing. . . .
  • #25,770
  • Sep 26, 2013 12:39pm Sep 26, 2013 12:39pm
gold = cash
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26-09-2013 8-35-21 PM.png Size: 30 KB
Click to Enlarge Name: 26-09-2013 8-30-28 PM.png Size: 28 KB
GREENIUS
  • #25,771
  • Sep 26, 2013 12:42pm Sep 26, 2013 12:42pm
KADC

your take is : if Goldman Sachs says "bearish" then it will turn out (most of the time )" bullish " and vice versa

what about JP Morgan , Barclay and their analysis ?

any other big names with similar notoriety
  • #25,772
  • Sep 26, 2013 12:47pm Sep 26, 2013 12:47pm
Quoting thodie
{image}
just love ur additions to my charts !!

simply beautiful !!

thank you !!
  • #25,773
  • Sep 26, 2013 12:51pm Sep 26, 2013 12:51pm
"The Commodity Futures Trading Commission announced earlier today that they will close the five-year investigation about silver market manipulation. According to their press release, the organisation has spent 7,000 staff hours of investigation which as produced no evidence of wrongdoing. Reuters writes:". . . . . . . .

http://goldsilverworlds.com/trading/...investigation/
  • #25,774
  • Sep 26, 2013 2:07pm Sep 26, 2013 2:07pm
Quoting TheArcher
KADC your take is : if Goldman Sachs says "bearish" then it will turn out (most of the time )" bullish " and vice versa what about JP Morgan , Barclay and their analysis ? any other big names with similar notoriety

Archer you might know this but if not-

HSBC is one of the Largest Custodians of Physical Gold Vaults in London notably due to the Siz of the LBMA and the two London fixes that come out a day setting a benchmark for world spot and history. Not saying they set the fix but....

In any case I have taken this DIRECTLY from the HSBC website, so, all the naysayers can argue with the banks own words.

Here is the link:

HSBC:
Two great quotes:
one:
Quoting HSBC
We are one of the largest metals custodians, and the only over-the-counter (OTC) market maker with foundations in gold, silver, platinum and palladium.
two:
Quoting HSBC
Precious metals market intelligence
Our in-depth knowledge and core involvement in every stage of the precious metals value chain give us an edge, and our investors an advantage.
SURELY that is the FULL EXTENT OF THIER INTEL and they would NEVER LIE about anything.

------------------------------------------------------------------------------------------------------------------
JP Morgan
link here V
On the Flip JPMorgan is the Custodian of the ETF SLV-

Amongst a lot of other things. - Not as easy to find info from their site on a fly but it is there.
This is two years old but sums up the Conflict of Interest that JPM IS in the SILVER MARKET>

"JP Morgan is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history.
If the unit-holders of the iShares Silver Trust (or “SLV”) make a small amount of profit on their holdings (per unit), JP Morgan suffers massive losses on its “short” position in the futures market – and then at least one hundred times that amount of additional losses on its unimaginably huge, leveraged, silver derivatives. We know this thanks to the loquacious banker, Jeffrey Christian, formerly of Goldman Sachs and now head of the CPM Group, one of two “consultancies” who are quasi-official record-keepers for the gold and silver markets. Obviously JP Morgan has a gigantic personal incentive to try to make sure that holders of SLV units make as little as possible on their investment.
This alone should disqualify JP Morgan from serving as “custodian” for all of the silver JP Morgan supposedly holds on behalf of those unit-holders. Amazingly, with JP Morgan claiming to be sitting on the two largest, single silver-holdings in all the world it has never been required to have both of those holdings audited/verified. Thus JP Morgan has been able to indulge in this blatant conflict of interest while so-called “regulators” actually help it to conceal
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,775
  • Sep 26, 2013 2:29pm Sep 26, 2013 2:29pm
............ in the history of the world

Does that include the worlds Star Trek has visited also?
  • #25,776
  • Edited 2:56pm Sep 26, 2013 2:39pm | Edited 2:56pm
Quoting SunTrader
............ in the history of the world Does that include the worlds Star Trek has visited also?

BELIEVE ME - I am looking right now for JPMs OWN WORDS, You know this is accurate besides the HUNT Brother's scheme decades ago.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,777
  • Sep 26, 2013 2:41pm Sep 26, 2013 2:41pm
Quoting SunTrader
............ in the history of the world Does that include the worlds Star Trek has visited also?
I guess you think it will be easy to find them slowly incriminate themselves over the past 30 +plus- years.

I can edit that quote to two lines if you like.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,778
  • Sep 26, 2013 2:56pm Sep 26, 2013 2:56pm
Here we go.

iShares SLV is making the info hard to find on the fly as I thought.

So instead, if you would trust Reuters enough to read their articles or have them execute a trade for you maybe you will trust this.

Link to Reuters' Full article

"FULL DESCRIPTION

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of silver held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor). The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).


The activities of the Trust are limited to issuing Baskets of Shares in exchange for the silver deposited with the Custodian as consideration, selling silver as necessary to cover the Sponsor’s fee, Trust expenses not assumed by the Sponsor and other liabilities and delivering silver in exchange for Baskets of Shares surrendered for redemption. Each deposit of silver for the creation of Baskets of Shares and each surrender of Baskets of Shares for the purpose of withdrawing Trust property (including if the trust agreement terminates) must be accompanied by a payment to the Trustee of a fee."

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,779
  • Sep 26, 2013 3:03pm Sep 26, 2013 3:03pm
Looks like the corrective day had to hit 1320 area before stopping for now...

Tomorrow is obviously Friday and we can see anything happen.

Last three day AG and AU............

Silver looks FAR more indecisive and sideways than Gold, Some traps in both directions are likely SET and ready to create more noise,
Until the market breaks out Up or Downski.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 29 KB
Click to Enlarge Name: Picture 8.png Size: 27 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,780
  • Sep 26, 2013 3:20pm Sep 26, 2013 3:20pm
Quoting XTrade
{quote} I guess you think it will be easy to find them slowly incriminate themselves over the past 30 +plus- years. I can edit that quote to two lines if you like.
How is that incriminating? To be the largest anything ...... in the history of the world no less.
72 traders viewing now