Only Gold! | Page 509 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #10,161
  • Jun 18, 2014 10:08am Jun 18, 2014 10:08am
Quoting ClockTrader
{quote} The point is that once I have hit the "Buy" button for long term longs, I would never ever want to close them. I can initiate short against that long with SL, risk money while the long term investment remains intact. If I keep closing previous longs, I would forgot the very crux of my objective which is to invest in Gold.
Yes, these all are psychological aspects.
If you are investing (especially long-term) you don't need any of "hedging" etc. Because you buy and wait, you are sure it will be rising.
When entering shorts after investing, you risk even more your investments since market can go up and your "hedging short" eats your profit (stop losses).
You are trying to invest and speculate both.
You are superman since this means you get double profits!
  • #10,162
  • Jun 18, 2014 10:43am Jun 18, 2014 10:43am
Of utmost importance :

World Gold Council convenes cross-industry group on the modernisation of the London Gold Fix


Published 18th June 2014
Categories: Supply and demand, Investment, Reserve asset management
Download (pdf, 126.07 KB)
The World Gold Council, the market development organisation for the gold industry, has today announced it is convening a gold industry discussion forum to explore reform of the London Gold Fix.
The first meeting will be held on the 7th July in London. The Financial Conduct Authority will be attending as an observer and representatives of the bullion banks, refiners, ETF and other gold investment product sponsors, exchanges, industry bodies, central banks and mining companies will be individually invited to participate, later on today.
Natalie Dempster, Managing Director, Central Banks and Public Policy at the World Gold Council commented:
“The Fixing process was established almost a century ago, so it is not surprising that it needs to change to meet today’s market expectations for enhanced regulation, transparency and technology. Modernisation is imperative in order to maintain trust across the industry. This could come in the form of reform to the Fix to bring it in line with the IOSCO principles or it could see an alternative price benchmark emerge.
Our objective in convening this forum is to ensure that the full range of analysis and market perspectives from all parts of the gold supply chain are debated, understood and brought to bear on any potential changes. Any reform or replacement of the Fix, must serve the needs of all market participants and meet today’s requirements for transparency, liquidity and independent oversight.”
Following discussion with a number of industry participants, the World Gold Council has identified five principles to which any reformed Fix process or alternative should adhere. The World Gold Council believes the following characteristics, in addition to the IOSCO principles for financial benchmarks, are highly desirable for a modernised gold benchmark:

  1. It should be based on executed trades, rather than quote submissions.
  2. It should be a tradeable price, not simply a reference one.
  3. The input data should be highly transparent, published and subject to audit.
  4. It should be calculated from a deep and liquid market, through which a significant volume of gold flows are transacted.
  5. It should represent a physically-deliverable price, as many users want to take physical delivery of gold.

For further updates, please follow the World Gold Council on Twitter at @goldcouncil.
ENDS
For further information please contact:
Melissa McVeigh
World Gold Council
T +44 20 7826 4701
E [email protected]
Charlotte Paton
Edelman
T +44 20 3047 2236
E [email protected]

  • #10,163
  • Jun 18, 2014 10:46am Jun 18, 2014 10:46am
By far I have not found a single person here who admires hedging Gold, I conclude nobody has been successful while doing so. Is there a possibility that Gold could keep rising or falling like in a vertical path? There are cycles in which Gold waves. When I'm super confident, I would buy liberally, the extra bought can be easily handled with good capital and when it comes to hedging, the extra bought works like a charm. Moreover when things go wrong one can easily close both longs and shorts and get rid of the bad positions in profit and let remainder longs sit for long term.

On a broad level, if one simply invested in the year 2007 or year 2011, would he be able to survive? Even Bill Gates or Buffet would be pulling their hair. For me hedging is must, I have demonstrated this before and here is a screenshot once again. I've been taking small profit lately, not only from hedged but some longs as well. Whatever is bought in June will have to be hedged, at least half in Jan, because Gold does not fall or climb in vertical paths.

I removed the stops as the PA may leave long spikes. Time to call it a day, wish you all Good Luck!

Quoting Super_Mario
{quote} Yes, these all are psychological aspects. If you are investing (especially long-term) you don't need any of "hedging" etc. Because you buy and wait, you are sure it will be rising. When entering shorts after investing, you risk even more your investments since market can go up and your "hedging short" eats your profit (stop losses). You are trying to invest and speculate both. You are superman since this means you get double profits!
Attached Image
Hello World!
  • #10,164
  • Jun 18, 2014 10:53am Jun 18, 2014 10:53am
İ guess, gold goes up over1274 than down at least 1266 than up 127x... But İ am long, dont want trade and dont know why, maybe there is ilision or psycological trick...
  • #10,165
  • Jun 18, 2014 11:28am Jun 18, 2014 11:28am
hey hi...everybody ....

ClockTrader.....are you also investing in Indian Commodity market??
  • #10,166
  • Jun 18, 2014 1:23pm Jun 18, 2014 1:23pm
wat a volatile range mkt.. where the mkt is going on?????
  • #10,167
  • Jun 18, 2014 1:41pm Jun 18, 2014 1:41pm
Quoting waleed.khan
{quote} hmmm... Yellen is not going to follow Carney... U.s needs GDP growth, plus its targeting 2-3 inflation... right now we are barely seeing those figures (even though they are tapering; the Fed cannot announce interest rate hikes in their forward guidance...it will be counter productive to what it wants to achieve and could back fire... The Fed also wants a weaker dollar; which can help with achieving 2-3% inflation targets (as imports become more expensive) and not to mention the boost to U.S exports that can come; which will help their GDP...

A reduction in reducing QE! should be perceived as a stimulatory (expansive) measure!
  • #10,168
  • Jun 18, 2014 2:33pm Jun 18, 2014 2:33pm
Yellen does not want to spook markets, though it will become more clear, that rates are likely to go up faster than many expect. Gold might get a bump up, but the longer term trend is down. Goldmans Sachs/Sucks might be right about this one.
"The market can remain irrational longer than you can remain solvent"
  • #10,169
  • Jun 18, 2014 5:11pm Jun 18, 2014 5:11pm
1290 is next stop
  • #10,170
  • Jun 18, 2014 5:53pm Jun 18, 2014 5:53pm
Quoting weti
1290 is next stop
my system says 1350+

there is increased chance of this last break turning in monster rally to new highs.

this is how I play it
Attached Image (click to enlarge)
Click to Enlarge Name: xxxf.PNG Size: 94 KB
  • #10,171
  • Jun 18, 2014 6:24pm Jun 18, 2014 6:24pm
Quoting prototip
İ guess, gold goes up over1274 than down at least 1266 than up 127x... But İ am long, dont want trade and dont know why, maybe there is ilision or psycological trick...
now İ know why İ dont wanted to trade, 1266 not happened, 1268 happened, so it was high risk buy again and this risk was needles for long position... carrying long was good idea, and carried, well done...
  • #10,172
  • Jun 18, 2014 6:27pm Jun 18, 2014 6:27pm
Still holding longs. targeting 1300gold 20.2silver short term.

Mitch
  • #10,173
  • Jun 18, 2014 8:07pm Jun 18, 2014 8:07pm
CT ... I get you on the hedging ,I do it consistently with silver and gold on pull backs in a trend , as long as you take your small profit in counter trade and not expect them both to be big winners it works IMO cheers Q
Whats That? you're trading What?
  • #10,174
  • Jun 18, 2014 9:03pm Jun 18, 2014 9:03pm
Quoting sam14985
hey hi...everybody .... ClockTrader.....are you also investing in Indian Commodity market??
Yes mate, I just started.
Hello World!
  • #10,175
  • Jun 18, 2014 9:04pm Jun 18, 2014 9:04pm
Quoting Qed
CT ... I get you on the hedging ,I do it consistently with silver and gold on pull backs in a trend , as long as you take your small profit in counter trade and not expect them both to be big winners it works IMO cheers Q
Glad to see you making bucks!
Hello World!
  • #10,176
  • Jun 18, 2014 10:21pm Jun 18, 2014 10:21pm
For the past one week its been going sideways on H4.

Something very interesting, like a breakout into North cannot be ruled out.
Hello World!
  • #10,177
  • Jun 18, 2014 11:00pm Jun 18, 2014 11:00pm
watching closely , looks to me like inverse h/s pattern on weekly or a triple bottom ... either way looks like support has been established ...cheers Q
Attached Image (click to enlarge)
Click to Enlarge Name: inverse.jpg Size: 39 KB
Whats That? you're trading What?
  • #10,178
  • Jun 18, 2014 11:08pm Jun 18, 2014 11:08pm
this is my current view with gold,

Attached Image (click to enlarge)
Click to Enlarge Name: goldm15.png Size: 87 KB


China demand for gold has been slowing and will slow more with current credit crisis and housing cooling prices,
If USA were the case money would be going out from house market to Gold but now its the opposite.
  • #10,179
  • Jun 19, 2014 2:10am Jun 19, 2014 2:10am
Come on bulls i want to see a break through this falling trendline around 1282 and get back into the old range above 1287
  • #10,180
  • Jun 19, 2014 3:57am Jun 19, 2014 3:57am
staying above 1285 will lead us to 1298 today and 1241 in coming days , and looks its ready to break , have to wait and see
MACD is showing a bullish bias, but the signal lines should breach line zero to the upside to confirm positivity. AROON Indicator is showing bullishness but the positive line is dropping. Hence, its very significant to breach 1285.15 to confirm the bullish extension
Attached Image (click to enlarge)
Click to Enlarge Name: break.png Size: 35 KB
28 traders viewing now