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

sure not, but i was just wondering what the reasons are for your short position and hence why are you favouring the downside scenario at the moment.

may i interfere
agree rhodie, but with a look around 1246 for more upside or more selling.

descisions are very often made at NYMEX open.

Highs getting lower, lows getting lower. Never presume to know what the market is going to do. Only guess at the potential change in price based on mathematical percentages between the lines. Think of the candles as being a crack where light shines through between the contact points between the bulls and bears. read between the lines and you will see patterns emerge that are not immediately visible. The bars/candles are a fracture point between positive and negative forces in the market. Looking through that tiny keyhole into the action shows what game is being played. All you have to do is guage whether the bulls or bears are more likely to be winners or losers for a time. For the past 150 years, the market has been bull and always will be. Population growth says that. What we are doing is focussing on the correct time frames to analyse what is actually going on in the mean time. This year is bears. Last year was bears. Year before was both. Before that was bull in bears market. Now we are bulls in a bear market.

Critical point in history. 31 December will tell if we crash or rise. Decision time comes 26/27 March next year. US Government likely to shutdown sometime in Feb again. War possible with China and Japan with US backed S Korea and Chinese backed N Korean forces to consolidate single Korean state. Western markets may lose a foothold in Far East and threat of more widespread fighting could lead to markets becoming unstable and prices rising to new safer levels. Bankers will profit and manufacturing will benefit and industrial counters will benefit meaning that gold price will increase afterwards as trade resumes with recession a thing of the past and stable for the next 10 - 25 years. Possible? Yes. Likely? I don't know. Wait and see.

I am not in the market now. I got out earlier, because something has changed. Don't take cues on my mistakes.

Wow, a lot of new posts last night!

Yes, just like you said, it is a breakout with "low" volume and it could be fake (However, on the other hand, the average volume is going to be low in this month as we are close to Christmas). So I am currently waiting and looking at today and tomorrow. if it falls below 1250 and stays, the bearish still continues; if the price test 1243-1250 and stays above 1250 (or ideally 1260), I think we have a high chance to see a small correction pointing to 1285-1315 like you said in the previous post.

Therefore, my current trading idea is to 1-> buy @ 1243 if it can fall to that level with SL 1235. 2-> buy @ 1250 after it go below this level and come back, SL 1240

Btw, it will be very great to see your new demo account!

Sell @ 1259, SL 1261, TP 1252.

Update: Move SL to BE

3 Minor levels between 2 major levels 90 & 180

An analysis of the history of finance: troubles with the S & P began in easrnest in 1992. After that date the S&P has massively run bull 3 times and bust twice. I remember those years well. The primary driving forces behind the integration of a single currency were the 5 Rothschild families.

let's see what that was all about: Excerpt from http://www.cfr.org/world/eurozone-crisis/p22055

Building the Common Market
The next major step toward European integration occurred in 1957 when France, Germany, Italy, Belgium, the Netherlands, and Luxembourg signed the Treaty of Rome, establishing the Common Market and the European Economic Community (EEC). The Common Market, which abolished trade tariffs between members, helped the EEC to embark on a rapid growth path. Shortly thereafter, the six countries agreed to joint control over food production, a decision that spurred further integration, and, Pavoncello notes, "helped seed the collapse of communism and the birth of globalization."


European integration and expansion accelerated in the decades that followed, especially with the signing of the Single European Act in 1986 by the twelve EEC nations--Belgium, Denmark, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and the UK. The primary aim of the treaty--which took effect in 1992--was to facilitate the development of an internal European market, allowing for the free exchange of capital, goods, and people. The move quickly highlighted the need for monetary coordination.

Maastricht and Monetary Union


In 1992, the Maastricht Treaty, or the Treaty on the European Union, formally created what is today known as the EU, and led to the circulation of the euro currency in January 2002.
By 2013, there were twenty-seven member states of the EU, with Croatia set to become the twenty-eighth by July of that year. Seventeen EU member states

I do not subscribe to conspiracy theories. I read between the lines at what is actually or has happened. What is incredible is to see that the ability to join the EU is lax, yet the ability to get credit is required by poorer states who have to become members to benefit from the credit offered by the Rothschild families who are mostly based in Europe. Actually, there is one in Russia too. Seeing the Rusians join the EU in some part was bound to happen which lead to the desintergration of the Cold War and the Berlin Wall. Peace is more priftable than war for the Rothschilds as states co-operating on paying debts are better than ones trhat default. when a nation begins to run out of credit it risks a revolution by the population (96.4% who are mostly poorer than average) and are the majority. To avoid paying the price of revolution, credit is extended to the governments and they in turn keep a hold on power. This is the way it has been since before the Crimean war. Napoleon, Churchill, Hitler and The eastern Bloc all had credit given to them by the Rothschild families. They all held on to powwer until the credit was no longer available then died and governments changed and history made.

Make no mistake: there is no reason for the S&P to rally so unreasonably unless there is a serious extension of credit to the markets for the wealthiest to profit long-term. Now is the time to think about buying property as a hedge against a market crash. Do not buy property on a mortgage, because when that crash does come, the banks will demand everything back in full and with interest to stop going bust at your expense.

You will also notice that the bust cycle restarted with the :
Maastricht and Monetary Union


In 1992, the Maastricht Treaty, or the Treaty on the European Union, formally created what is today known as the EU, and led to the circulation of the euro currency in January 2002.

From Feb 2002 the S&P dropped 50%. Euro introduced mid-crash. Why? To mask the culprit. From that time on the price of gold has only climbed up from $283 to $1980 and sold off to today's levels. When Gold reched it's peak in Sept 2011, we notice in history that:

The underlying structural issues in the eurozone periphery became increasingly visible following the global financial meltdown of 2007-2008. Liquidity quickly dried up and several states were left with unsustainable deficits and public debts greater than their GDP. By 2010, a sovereign debt crisis--most pronounced in Greece--was spreading throughout the periphery and imperiling the future of the eurozone. Between spring 2010 and spring 2011, the EU and the IMF acted to bail out Greece, Ireland, and Portugal.

The IMF is one of the Rothschild banks. Their credit to the EU nations had run out in March 2008. This credit was granted by none other than NIKOLAOS CHRISTODOULAKIS who was the Governor of the IMF for GREECE. Amazingly the credit was agreed before the introduction of the Euro and began that same year at the end of a recession for maximum profit. The debt was recalled in 2008 at the beginning of the stock market crash after 5 yeras of credit and a year's extension of the credit (as the IMF likes to do) (http://www.imf.org/external/am/2002/speeches/pr40e.pdf)

These events also saw the beginning of the printing presses as had occurred in Zimbabwe (which was a precursor to the current global situation). Once the IMF was denied, then the national situation descended into anarchy and a military state was formed with all citizens under undeclared martial law. The rest of the world is not exempt from this situation either. What happened ther can and would happen anywhere. It is estimated the Rothschild families combined own more than half the planet's wealth. Their personal wealth exceeds the American national deficit (because most of that money is owed to the Rothschild organisations anyway...).

So what was so important about October 2007? Sourced: (http://www.theguardian.com/business/...sis-key-stages)

9 August 2007 began with the seizure in the banking system precipitated by BNP Paribas announcing that it was ceasing activity in three hedge funds that specialised in US mortgage debt. This was the moment it became clear that there were tens of trillions of dollars worth of dodgy derivatives swilling round which were worth a lot less than the bankers had previously imagined.

Nobody knew how big the losses were or how great the exposure of individual banks actually was, so trust evaporated overnight and banks stopped doing business with each other.
It took a year for the financial crisis to come to a head but it did so on 15 September 2008 when the US government allowed the investment bank Lehman Brothers to go bankrupt. Up to that point, it had been assumed that governments would always step in to bail out any bank that got into serious trouble: the US had done so by finding a buyer for Bear Stearns while the UK had nationalised Northern Rock.


And further to that: (http://bancroft.berkeley.edu/ROHO/pr...ialcrisis.html)

However, while [US] government intervention prevented the collapse of the banking system, it did little to restore economic growth, and the U.S. entered a deep recession in December 2007. Although the National Bureau of Economic Research has concluded that the recession ended in June 2009, recovery has been modest, with the American economy experiencing both low growth and high unemployment ever since.

The FED is another Rothschild institution that has been printing money like crazy since 2007 to get the US out of trouble. The policy will not work as Zimbabwe ultimately proved to failure. Who cares about some litte african nation that means nothing? In 1980 it was one of the richest nations on earth with an exchange rate of parity with GBP. Now it's bankrupt. Government has a lot to do with it, but not the cause of it. The cause is greed and envy. Give anyone enough rope and they will hang eventually (unless they refuse more or are refused any more rope.) Governments do not refuse credit. They can always spend more than they earn.

So how does this help trading? If we undrstand the effects of these treaties and the announcements, then we can better undrstand why markets move the way they do. Knowing that tells us whether e are smart or stupid traders. Effeectively it means that if you know what it's all about, then you can win. The Maastricht Treaty was aimed at the world for one thing alone: financial profit. With most gold mines owned by the Rothschild corporations and institutions, the price of gold is well mananged and maintained by one family. They meet twice a day to fix the price of gold. 5 Banks, 3 continents one aim: profit. Nothing ideally has changed since they introduced the idea of a stock market 150 years ago.

Hi Hamidshah,

How is your WTI trade? I am going to close my longs soon, current target 99.00. Looks like bull power is reduced and a correction is coming.

Not decided yet its direction.PA Swing PP 1255.

I missed that opportunity and close earlier that trade. I am out of the market since then. Your analysis was 100% right. Good to hear from you.

finnaly see the same view of mine... but i just come out with one possibility only.

well, just my thought that, it is possible is low to break the resistant trend coz is third wave going up turn.

well, just a guess. ^^

cheer.

The OPEC meeting decided to cut output in 2014 will further lift the price. So I think it is still a opportunity if the price tests any low.

Stop triggered. Waiting the next low to see possible direction today.

The Volume on the recent moves up is larger than the volume is on the recent moves down,

this suggests strength in the side where the price is moving, in this case UP,

Sorry I didn't mean to be harsh on you.

I thought I mentioned it but can't find the post.

In any case here it is. Reaction on Test of 1255 (after waning price from yesterday's high) is northbound so far.

1275 next key to open.

If she swings back towards 1250 I would grab it and shoot for 1270 - IMO...

Price hovering around yesterday's congestion area.

The hourly close 20.406 is not a good sign, if current hour closes under 20.34 its even more bad sign for the range .... a possible revisit to the support 20.20 is due, if not then it will ferry without me!

Okay, if someone asks about me - tell them please i'm eating my heart in a corner near by ... Why i moved the stoplose again? Damn it

Gold looks really bullish. (delayed from 1259)