That which does not kill us makes us stronger
- #14,323
- Aug 15, 2014 4:02am Aug 15, 2014 4:02am
{image} Profit are in pips Im leaving for holiday in 5 hours time.... so im planning to close all position and have a peace of mind during my holiday of 2 weeks. Come on gold!
1319, same here for some of my longs
That which does not kill us makes us stronger
- #14,324
- Aug 15, 2014 4:07am Aug 15, 2014 4:07am
{quote} 1319, same here for some of my longs
And I saw the climb stopped at 1319 -_- sadly, I got to wait again.
{quote} today? with stocks currently on the rise would be interesting to see what happens next
- #14,334
- Edited 5:26am Aug 15, 2014 5:02am | Edited 5:26am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} may i know which season are u referring to? india one seem to be closing soon and gold didnt move much. Geopolitical tensions... Iraq went into full blown civil war with ISIS taking over majority of the Iraq land and gold still barely moved... Russia annexed crimea, and Ukraine shooting at their own city dont seem to move gold/silver much... China invaded Japan sea... dont seem to do much to gold stock market seasonally weak is kinda of weird way of phasing thing. mind giving me source of this stock market weakening? i'm interested to know...
Good points...! ...and should all be kept in the backdrop.
The way I am seeing this is U.S recovery (which includes possibility of rate hikes) vs (all the points above & eurozone "possible" recession)
= Anybody willing to quantify the above variables?
I am really concerned about the eurozone recovery now... if you remember back in 2011 gold went parabolic because of possibilities of greece, italy, portugal defaulting; plus u.s being downgraded by s&p. However Germany looked very strong...but now with the "negative interest rates", plus Germany Gdp struggling should raise red flags...
Also Japan's economy is contracting... (if the situation becomes worse; there is nothing like "war" to jump start the economy again) *Worst case scenario if the world gets into a "land grabbing phase"... (iraq is literally up for grabs (s.arabia, iran, turkey, Kurds). Argentina refusal to pay debt can lead into problems with the Falkland islands again...
Also with all these sanctions and pressures on Putin...and this might be a shot in the dark but he can ask all future gas payments to be made in gold... ( I wonder what will happen to the price of gold if that happens?)
- #14,337
- Edited 5:34pm Aug 15, 2014 5:26am | Edited 5:34pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,088 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #14,339
- Aug 15, 2014 5:37am Aug 15, 2014 5:37am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Pressure build up {image}
{quote} Yes, London's waking up and looks something gonna happen sooner or later...
On a broad level, my view remains bearish, would like to sell if it peaks out on VSA. Maybe I should wait until 12 pm NY today. Got 9 shorts right now..
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