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  • #15,421
  • Aug 31, 2014 12:41pm Aug 31, 2014 12:41pm
US is also coming into scene .. China and Japan are missing yet..

http://www.reuters.com/article/2014/...0GV0JR20140831
  • #15,422
  • Aug 31, 2014 5:37pm Aug 31, 2014 5:37pm
I'm very bullish long term metals, but right now I wouldn't be surprised if we dip down again...

I'm not expecting the PM's to skyrocket (to all time highs) until confidence in the financial system is completely lost.. the Dow constantly making new highs is not eveidence of a loss in confidence. Do not be baited JUST YET, but it is coming yes. Until then I expect us to trend between 1240-1360 for a while longer.

With the ECB, BOJ all wanting to inject stimulus, and the US backing off - it will send investors to the USD for the short term, which will be negative on the metals in my honest opinion.. I believe that a rallying USD will be the trigger for the US to start considering raising interest rates. The only problem then will be that unemployment in the US, and Housing has not improved... so it will send the US into a further depression ultimately sparking more stimulus (QEinfinity perhaps?).. THAT is my trigger as it will be alarm bells that the financial system is unstable and not self sustaining, only then will the metals skyrocket..

China etc hoarding gold is a very good sign of things to come, and the West will put on a brave face for as long as it can.. but once they have to start another round of stimulus, it will be all over.

Mitch
  • #15,423
  • Aug 31, 2014 5:42pm Aug 31, 2014 5:42pm
Quoting Ck87
Frightening sentiment for bulls… Gold 85% Silver 93% Longs…….. Of course price can start going up and bullish % can go down during a rally… and that's what would happen for sure if it did rally. We'll see. {image} {image}
Let's be real, these types of articles have been around for YEARS, and yet we continue to fall. There is a million reasons for gold to go up right now, but everyone is enjoying the free ride from stocks which are being pumped up by the money injection from the FED.

Once that stops, and the realisation that there is no more milk in mumma's tit, we will head up
  • #15,424
  • Aug 31, 2014 5:47pm Aug 31, 2014 5:47pm
Quoting kinspk
Bullish September. http://www.bloomberg.com/news/2014-0...f-the-day.html
The article says golds performance will lag until gold dips below $1200 again, thats bearish is it not?
  • #15,425
  • Aug 31, 2014 7:31pm Aug 31, 2014 7:31pm
Quoting Mitchoss
{quote} The article says golds performance will lag until gold dips below $1200 again, thats bearish is it not?
UBS AG was forecasting a lag due to China's demand being subdue, they see it move towards 1200. IMO, not necessary to move to exact legel for a bull, as August seems like a last test of bottom before the bull.According to the article on Gold seasons, September had the best average monthly gain for the past 20 years. Anyway u are not wrong though.
The only winner is the one who survive the longest...
  • #15,426
  • Aug 31, 2014 7:47pm Aug 31, 2014 7:47pm
Quoting Obaidah
looking at a naked chart, you can see that gold is being supported on every dip and if we bring volume to the picture we can see wide bearish bars on normal/below average volume on small TFs (M15), i view such bars as bearish traps to suck sellers into poor positions. with fundamentals supporting the view, i expect gold to appreciate for most of the week. Good luck
reading this again i find it a bit confusing so i decided to make it more clear, Ukraine, Russia and new sanctions was on every corner during the weekend, this could trigger some gold buying and so these are the fundamentals supporting higher prices for the week but i remain bearish toward the rest of the year.
I recommend you read something else as this sentence is now concluded.
  • #15,427
  • Aug 31, 2014 7:55pm Aug 31, 2014 7:55pm
CFTC data does not support any rally for the gold.

in my opinion this thing will face a dirty fall.
  • #15,428
  • Aug 31, 2014 8:35pm Aug 31, 2014 8:35pm
Quoting shaban010
CFTC data does not support any rally for the gold. in my opinion this thing will face a dirty fall.
CFTC does in fact suggest lower prices, lets see what happens this week...
I recommend you read something else as this sentence is now concluded.
  • #15,429
  • Aug 31, 2014 8:40pm Aug 31, 2014 8:40pm
Quoting Mitchoss
{quote} The article says golds performance will lag until gold dips below $1200 again, thats bearish is it not?
i had gone through with the same article and my understanding is also bearish
P.S. Trade with the discipline of Money Management and Risk Management.
  • #15,430
  • Aug 31, 2014 11:31pm Aug 31, 2014 11:31pm
The writer is suggesting to drop before a rally. So it's up to you guys to take his advice or not. It's better to have our own analysis. Because anyone can be wrong. So a drop of 80 bucks to 1200 or a bull of x amount are all possible, so it depend on what time frame you are trading. If I am trading and holding Gold for a rally in monthly timeframe, I dont call a 80 bucks a bear. Anyway, it doesnt matter if you are winning. The article is about talking Gold Seasons.
The only winner is the one who survive the longest...
  • #15,431
  • Aug 31, 2014 11:50pm Aug 31, 2014 11:50pm
Quoting Mitchoss
{quote} Let's be real, these types of articles have been around for YEARS, and yet we continue to fall. There is a million reasons for gold to go up right now, but everyone is enjoying the free ride from stocks which are being pumped up by the money injection from the FED. Once that stops, and the realisation that there is no more milk in mumma's tit, we will head up
Yes, it's really simple… In bear markets, good news (for the financial instrument) is ignored. Bad news is exaggerated.. and vice versa for Bull markets.

Yet people will continue to be in denial and stay delusional.

We are in a bear market. I believe it will stay that way until 1k or -1k gold comes. Of course none of us knows for sure. Time will tell.
  • #15,432
  • Sep 1, 2014 12:02am Sep 1, 2014 12:02am
This is how I am setup today

47 Longs
18 Shorts

NET: 29 longs

Avg Longs: 1292
Avg Shorts: 1311

PS: I might wanna tweak the SLs & perhaps setup limits on some positions by NY morning.
Attached Images
Hello World!
  • #15,433
  • Sep 1, 2014 12:04am Sep 1, 2014 12:04am
leave alone predictions....no one can explain with accuracy why the gold price went up or down even after it happened.....we are just tickling ourselves with various theories and predictions.....lets have fun and possibly some win too...!
learn and earn from the ups and downs...of life.
  • #15,434
  • Sep 1, 2014 12:56am Sep 1, 2014 12:56am
Quoting shinewel
leave alone predictions....no one can explain with accuracy why the gold price went up or down even after it happened.....we are just tickling ourselves with various theories and predictions.....lets have fun and possibly some win too...!
Thats why you need FXRAT, sharpens accuracy.
rat
  • #15,435
  • Sep 1, 2014 2:19am Sep 1, 2014 2:19am
Why Gold is stuck on Instaforex? No Movement since the market opened today? Any info please.
  • #15,436
  • Edited 3:58am Sep 1, 2014 2:21am | Edited 3:58am
test
  • #15,437
  • Sep 1, 2014 2:37am Sep 1, 2014 2:37am
Quoting raianil007
Why Gold is stuck on Instaforex? No Movement since the market opened today? Any info please.
Maybe because of US Labor Day. Some other i think will end early today for the trading hours.
  • #15,438
  • Sep 1, 2014 2:45am Sep 1, 2014 2:45am
Quoting schematics
{quote} Maybe because of US Labor Day. Some other i think will end early today for the trading hours.
Yeah Bro, Thanks for your reply. I checked with them its because of US labor day.
  • #15,439
  • Sep 1, 2014 3:01am Sep 1, 2014 3:01am
Time to breakout ?
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  • #15,440
  • Sep 1, 2014 3:13am Sep 1, 2014 3:13am
Quoting Payman
Time to breakout ? {image}
wow you have a sell at that point.. intresting
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