XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1320 | 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

  • #26,381
  • Oct 10, 2013 12:22pm Oct 10, 2013 12:22pm
Quoting Mave
{quote} I don't really know what I mean here
no offence intended ,

but most of ur posts , I don't really know what u are trying to say .

cut things short and come straight to the point .
  • #26,382
  • Oct 10, 2013 1:12pm Oct 10, 2013 1:12pm
Quoting KADC
{quote} They mined (or more likely leased/licensed) those mines for five years then sold them off rather than worry about what are likely diminishing returns. Have you never sold off a successful rental property? Certainly the lower price of gold could be a factor, but there's nothing about the sale to suggest that the price of gold is going lower.
they mined and sold the 3 mines which produced 1/3rd of their total production in that country the previous year. I have a lot of questions when someone sells 5 gold mines in 2 months, sounds like a plan, but we cannot know for sure.
A trade should be based on an assumption based on facts
  • #26,383
  • Oct 10, 2013 1:17pm Oct 10, 2013 1:17pm
Quoting TheArcher
{quote} no offence intended , but most of ur posts , I don't really know what u are trying to say . cut things short and come straight to the point .

Okay ! Lemme explain the 1st post when we were going treasure hunting -- that was a typo, i thought you're kidding and from singapore and we're pirates
A trade should be based on an assumption based on facts
  • #26,384
  • Edited 2:54pm Oct 10, 2013 2:30pm | Edited 2:54pm
Quoting Mave
{quote} they mined and sold the 3 mines which produced 1/3rd of their total production in that country the previous year. I have a lot of questions when someone sells 5 gold mines in 2 months, sounds like a plan, but we cannot know for sure.
Here's one answer: http://www.cbc.ca/news/business/hedg...tock-1.1705063

addendum: You could also look at who is buying the assets they are selling if you really think there's a deeper story here, but I'm sure it's just other members of the gold cabal.
You can always make money tomorrow provided you don't lose it today.
  • #26,385
  • Oct 10, 2013 2:49pm Oct 10, 2013 2:49pm
Quoting KADC
{quote} Here's one answer:http://www.cbc.ca/news/business/hedg...tock-1.1705063
by the end of the year we'll be using gold for plumbing
  • #26,386
  • Oct 10, 2013 2:55pm Oct 10, 2013 2:55pm
Quoting Greener
{quote} by the end of the year we'll be using gold for plumbing
You think we'll all be that rich from trading, do you?
You can always make money tomorrow provided you don't lose it today.
  • #26,387
  • Oct 10, 2013 3:09pm Oct 10, 2013 3:09pm
Quoting KADC
{quote} You think we'll all be that rich from trading, do you?
ok, you can also use gold bars as door stops if you like
  • #26,388
  • Oct 10, 2013 4:01pm Oct 10, 2013 4:01pm
Quoting KADC
{quote} I agree, and I'm not sure those who stockpile gold because they believe the FIAT system will fail have really thought it all the way through. Gold and silver only have value so long as currency has value. In a global financial collapse scenario precious metals will be relatively worthless; however, they do make sense in the case of a single currency collapse where the rest of the world is still financially standing.
I think it depends on the type of financial collapse. And I definitely don't agree about gold only having value as long as paper currency has value. If by some miracle the printers fail and we have a deflationary collapse there may not be an advantage in holding gold, but if there's a hyperinflation global or not people and companies will still be earning money part of which they may want to park in something that doesn't drop in value 100% each day.

It seems some people have the idea that once you get a financial collapse we all go back to horse drawn plows, growing our own food and hand craftsmanship with hammer and chisel which is ridiculous. All that happens is that suddenly there are a lot more destitute starving people than before and the rich are comparatively much better off. We're already seeing some of that.
  • #26,389
  • Oct 10, 2013 4:31pm Oct 10, 2013 4:31pm
Quoting Mave
{quote} can we move the no.1 wave on the current bear wave from 1430 to the no.3 .. that way the fibo. nos. would match
You can do whatever.

Me I'll just follow the PA where it leads.
  • #26,390
  • Oct 10, 2013 4:47pm Oct 10, 2013 4:47pm
Quoting SpacyTrader
{quote} I think it depends on the type of financial collapse. And I definitely don't agree about gold only having value as long as paper currency has value. If by some miracle the printers fail and we have a deflationary collapse there may not be an advantage in holding gold, but if there's a hyperinflation global or not people and companies will still be earning money part of which they may want to park in something that doesn't drop in value 100% each day. It seems some people have the idea that once you get a financial collapse we all go back...
there will always be a market for gold as long as there are human beings. Financial collapse+nuclear disaster can deprive gold of its entire value. I believe that gold reached these levels only due to central banks intervention magnified by large financial institutions. Conformity in the way we trade also helps these people a lot to plan and design the extent of market reaction.
  • #26,391
  • Oct 10, 2013 5:05pm Oct 10, 2013 5:05pm
Central banks have been buying while the price has dropped. 'Splain that?
  • #26,392
  • Oct 10, 2013 5:16pm Oct 10, 2013 5:16pm
Quoting SunTrader
Central banks have been buying while the price has dropped. 'Splain that?
It's not for me to explain technical details. Central banks may just talk to large financial institutions but I believe this move is well planned. They may also use gold as a leverage for inflation. I am sure they will soon need to boost inflation by creating artificially a huge demand for gold following the biggest drop in decades. I can understand central banks buying at these levels.
  • #26,393
  • Oct 10, 2013 5:28pm Oct 10, 2013 5:28pm
What technical details.

CB's are notorious for bad timing when it comes to buying and selling Gold.

BTW Goldman and other big firms don't always get it right too - even when they try misdirection.

But if it makes you happy run with it.
  • #26,394
  • Oct 10, 2013 5:30pm Oct 10, 2013 5:30pm
Quoting Greener
{quote} there will always be a market for gold as long as there are human beings. Financial collapse+nuclear disaster can deprive gold of its entire value. I believe that gold reached these levels only due to central banks intervention magnified by large financial institutions. Conformity in the way we trade also helps these people a lot to plan and design the extent of market reaction.
It'd have to be WW3 to deprive gold of its value. As for the price- it doesn't seem to be overvalued if you look at the cost of production. It's true gold has the problem of huge inventory potentially ready to be dumped on the market. Precious metals consumed by industry like palladium, platinum and silver have an advantage in that respect.
  • #26,395
  • Oct 10, 2013 5:47pm Oct 10, 2013 5:47pm
Quoting SunTrader
What technical details. CB's are notorious for bad timing when it comes to buying and selling Gold. BTW Goldman and other big firms don't always get it right too - even when they try misdirection. But if it makes you happy run with it.
I don't think you are the kind of person who believes Bernanke when he says he doesn't understand gold prices or take each Goldman's word as the Bible. They control the dynamics of our economy. They are above the law and can buy or sell more than any other player. That's a fact.
  • #26,396
  • Oct 10, 2013 6:07pm Oct 10, 2013 6:07pm
Quoting Greener
{quote} I don't think you are the kind of person who believes Bernanke when he says he doesn't understand gold prices or take each Goldman's word as the Bible. They control the dynamics of our economy. They are above the law and can buy or sell more than any other player. That's a fact.
Ok, and don't let anyone tell you any differently.

  • #26,397
  • Oct 10, 2013 6:34pm Oct 10, 2013 6:34pm
Quoting SunTrader
{quote} Ok, and don't let anyone tell you any differently.
ok, you can tell me differently but I don't make facts up.
  • #26,398
  • Oct 10, 2013 6:50pm Oct 10, 2013 6:50pm
Dollar DXY has some heavy resistance above:
Attached Image (click to enlarge)
Click to Enlarge Name: DXY resist.png Size: 66 KB
  • #26,399
  • Oct 10, 2013 6:51pm Oct 10, 2013 6:51pm
Quoting KiwiOz
{quote} Speed bump at 1293. Bounce at 1284. {image}
All targets hit so far.....http://www.dailyfx.com/forex_forum/i...ilies/cool.png Will we get 1254 to end the week.?? T'would be nice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 44 KB
Click to Enlarge Name: xauusdh4.png Size: 47 KB
Money Makes Money
  • #26,400
  • Oct 10, 2013 6:52pm Oct 10, 2013 6:52pm
Quoting Greener
{quote} ok, you can tell me differently but I don't make facts up.
Ok, then present the facts. Otherwise .......
93 traders viewing now