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

  • #29,961
  • Dec 9, 2013 3:32am Dec 9, 2013 3:32am
I would prefer to go short. Watching reaction on 1240-1245 zone
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  • #29,962
  • Dec 9, 2013 6:08am Dec 9, 2013 6:08am
my wave count and projection about xauuusd .
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  • #29,963
  • Dec 9, 2013 6:32am Dec 9, 2013 6:32am
Quoting Scalptastic
I would prefer to go short. Watching reaction on 1240-1245 zone {image}
I prefer to stay the hell out. Sitting on the sidelines is a risk-free position (the Holy Grail) in the market. We shall see now what the big bosses determine for their lunchtime antics in the markets. I am guessing that gold goes north for short term. That IS a GUESS, not a guide.
You win, you lose. All else is history. The future does not exist.
  • #29,964
  • Dec 9, 2013 6:33am Dec 9, 2013 6:33am
Quoting The Rhodie
{quote} I prefer to stay the hell out. Sitting on the sidelines is a risk-free position (the Holy Grail) in the market. We shall see now what the big bosses determine for their lunchtime antics in the markets.

I think a big blast up is brewing, notice how the news release on Friday was maybe a great way for smart money to get in long positions, also, demand was very high at the low, and has been clearly rejected several times now...
insideBars==boss
  • #29,965
  • Dec 9, 2013 6:36am Dec 9, 2013 6:36am
I cannot see any clear indications that there is any support for gold at all. There is incredible resistance from Chinese to increased prices and trhey are looking to buy out Anglo American in South Africa, so that should tell you that gold is under fire. They will finance their own gold prices straight from the ground.
You win, you lose. All else is history. The future does not exist.
  • #29,966
  • Dec 9, 2013 7:27am Dec 9, 2013 7:27am
Quoting The Rhodie
I cannot see any clear indications that there is any support for gold at all. There is incredible resistance from Chinese to increased prices and trhey are looking to buy out Anglo American in South Africa, so that should tell you that gold is under fire. They will finance their own gold prices straight from the ground.
Feel the same that no selling pressure, maybe we can see a correction.
  • #29,967
  • Dec 9, 2013 7:41am Dec 9, 2013 7:41am
Quoting The Rhodie
I cannot see any clear indications that there is any support for gold at all. There is incredible resistance from Chinese to increased prices and trhey are looking to buy out Anglo American in South Africa, so that should tell you that gold is under fire. They will finance their own gold prices straight from the ground.

It's not what the news says, but what the charts say lol
insideBars==boss
  • #29,968
  • Dec 9, 2013 8:00am Dec 9, 2013 8:00am
its been a slaw market in 3 weeks

and no clear direction

being out side off the market better
  • #29,969
  • Dec 9, 2013 8:12am Dec 9, 2013 8:12am
Quoting The Rhodie
I cannot see any clear indications that there is any support for gold at all. There is incredible resistance from Chinese to increased prices and trhey are looking to buy out Anglo American in South Africa, so that should tell you that gold is under fire. They will finance their own gold prices straight from the ground.
Like SPDR, they sell gold and some one sell gold too. It make the gold lower and lower. To make every one think that gold could more lower. Suddenly, SPDRs buy gold, as the result gold climb higher and higher. SPDRs, to say, just sell some tons, the price could down to 20-30$. But look, "another guy" buy 10-20 tons, just make the price go up 5-10$. The SPDRs is really the manipulators.
  • #29,970
  • Dec 9, 2013 8:49am Dec 9, 2013 8:49am
Quoting The Rhodie
I cannot see any clear indications that there is any support for gold at all. There is incredible resistance from Chinese to increased prices and trhey are looking to buy out Anglo American in South Africa, so that should tell you that gold is under fire. They will finance their own gold prices straight from the ground.

The fact that on good news the price went off a low up nearly 30 bucks twice in a week suggests there is some interest in protecting 1200/1210 which would mean support and demand on the lows.

China is one of the largest producers of Gold in the world if not no. One buy now. Keeping the price artificially low does not help the bottom line of mining operations.
It cut's their profit potential.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,971
  • Dec 9, 2013 8:51am Dec 9, 2013 8:51am
Here is the last rejection (friday) with today's minor gains.

Talk about a short trap.

If price stays with this movement it will be testing 1245 by 11:30
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,972
  • Dec 9, 2013 8:54am Dec 9, 2013 8:54am
Quoting namaus
{quote} Like SPDR, they sell gold and some one sell gold too. It make the gold lower and lower. To make every one think that gold could more lower. Suddenly, SPDRs buy gold, as the result gold climb higher and higher. SPDRs, to say, just sell some tons, the price could down to 20-30$. But look, "another guy" buy 10-20 tons, just make the price go up 5-10$. The SPDRs is really the manipulators.

I agree that GLD is a manipulated market mainly based on the claims of what they have in their vault as opposed the the actual open interest that is on paper.

This offers the chance for HUGE skews in what is correct.

The way that they buy and sell gold is to adjust their holdings in accordance to the positions people are holding and to represent the spot price as close as they can.

GLD cannot in theory just "sell" tons of Gold to move the price down when their customers are taking large long positions.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,973
  • Dec 9, 2013 10:45am Dec 9, 2013 10:45am
I think sliver should spike in the next 17 minutes .. but what do i know
"It's the Margin, Stupid."
  • #29,974
  • Dec 9, 2013 12:49pm Dec 9, 2013 12:49pm
Quoting Vachus
I think sliver should spike in the next 17 minutes .. but what do i know
Silver is pushing harder than gold= it want's the 20+ USD per OZT handle again.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,975
  • Dec 9, 2013 12:52pm Dec 9, 2013 12:52pm
Quoting XTrade
{quote} Silver is pushing harder than gold= it want's the 20+ USD per OZT handle again.
It was going for it few hours ago, but stopped

* i'm watching 19.66 for a possible long entry , but we will see how it develops
Edit: I just saw on my chart that it reached 19.68 - i wasn't at my computer at the time.
"It's the Margin, Stupid."
  • #29,976
  • Dec 9, 2013 1:11pm Dec 9, 2013 1:11pm
Quoting Vachus
{quote} It was going for it few hours ago, but stopped * i'm watching 19.66 for a possible long entry , but we will see how it develops Edit: I just saw on my chart that it reached 19.68 - i wasn't at my computer at the time.

Silver had a good day already.

Guys be careful in these thin markets. PLEASE>!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,977
  • Dec 9, 2013 1:29pm Dec 9, 2013 1:29pm
i made an observation iŽd like to share with you, Mr. Fibonacci was a f****** genius!

1/1/2/3/5...
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just do it
  • #29,978
  • Dec 9, 2013 1:34pm Dec 9, 2013 1:34pm
Quoting XTrade
{quote} Silver had a good day already. Guys be careful in these thin markets. PLEASE>!
When i started trading sliver, i thought it was like currencies pairs - it turn out i was greatly mistaken ... i'm extra careful trust me with this crazy thing! Anyway, i had to do some extranel work and practically missed the longing the chance ...
"It's the Margin, Stupid."
  • #29,979
  • Dec 9, 2013 3:30pm Dec 9, 2013 3:30pm
Gold may actually go long. Remember that the currencies are very weak, so bonds will fail and gold must rally again or sink to 200-800 range.
You win, you lose. All else is history. The future does not exist.
  • #29,980
  • Dec 9, 2013 3:38pm Dec 9, 2013 3:38pm
Quoting The Rhodie
Gold may actually go long. Remember that the currencies are very weak, so bonds will fail and gold must rally again or sink to 200-800 range.

Holy Moly - 200 - 800?
If you think you can or cannot do it you are correct
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