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Only Gold!

  • #18,521
  • Nov 2, 2014 9:00pm Nov 2, 2014 9:00pm
Quoting ClockTrader
{quote} I don't mind your view at all mate. Anybody here has the freedom to criticize anyone including me. At the same time I have the freedom to post my view, good or bad or whatever. On other note, why have you only been reading this thread? Why not post your analysis or positions? OR screenshots of your positions? Why not be part of the community? Maybe you could help people who are following me and getting hurt? Come on, show us what you got?
he did said he follow your advise... dont think he got other stuff to show.
  • #18,522
  • Nov 2, 2014 9:07pm Nov 2, 2014 9:07pm
Quoting ohguowei
{quote} he did said he follow your advise... dont think he got other stuff to show.
Why he should share his analysis here?

  1. He has been reading this thread for 1 yr now, he must have learnt something by now, shouldn't he have?
  2. Maybe he has been trading before that or way before that.
  3. I have mentioned this before, here I mention again. IF anyone follows my advise, do it at your own risk.

  1. For the entire month of September my view was bearish, did he follow my advise?
  2. I was talking nothing but selling at 1245-55, did he follow my advise?

Yes, I did some good trades, some bad trades, I lost my entire profit from this year. So, what do I do now? Blame someone? Yea, Banks are responsible for that OR US Govt? Maybe someone here? Well, whatever, I hope I conveyed my point.

Hello World!
  • #18,523
  • Nov 2, 2014 9:16pm Nov 2, 2014 9:16pm
Quoting goldfinger
looking for bounce from here I will add to my long above 1180 my sl now is 1161
I guess the sl will hit before the tp. let see if I'm right.
Trade at your own risk. Don't follow one's opinion.
  • #18,524
  • Nov 2, 2014 10:05pm Nov 2, 2014 10:05pm
Quoting Samsamall
{quote} I guess the sl will hit before the tp. let see if I'm right.
lets see
  • #18,525
  • Nov 2, 2014 10:09pm Nov 2, 2014 10:09pm
IMO, gold is just in darkest before the dawn.

When BOJ,ECB and FED are working hard(printing paper money) to push inflation, gold will go up eventually.

The biggest questions are: when ? from what price? how fast?

I stopped loss at 1195, 1178. Now I re-entered light long at 1165 without stop loss
  • #18,526
  • Nov 2, 2014 10:27pm Nov 2, 2014 10:27pm
Quoting ClockTrader
{quote} I don't mind your view at all mate. Anybody here has the freedom to criticize anyone including me. At the same time I have the freedom to post my view, good or bad or whatever. On other note, why have you only been reading this thread? Why not post your analysis or positions? OR screenshots of your positions? Why not be part of the community? Maybe you could help people who are following me and getting hurt? Come on, show us what you got?
Hi CT, just wanted to say thanks for being such a great inspiration. Your work ethic is amazing and I value your experience. Keep up the great work!
  • #18,527
  • Nov 2, 2014 10:36pm Nov 2, 2014 10:36pm
Quoting zew
IMO, gold is just in darkest before the dawn. When BOJ,ECB and FED are working hard(printing paper money) to push inflation, gold will go up eventually. The biggest questions are: when ? from what price? how fast? I stopped loss at 1195, 1178. Now I re-entered light long at 1165 without stop loss
considering the next support is at around 1120 and the lowest 5 year is around 1050, u might want to reconsider the stop lost portion.
  • #18,528
  • Nov 2, 2014 10:47pm Nov 2, 2014 10:47pm
Quoting ohguowei
{quote} considering the next support is at around 1120 and the lowest 5 year is around 1050, u might want to reconsider the stop lost portion.
First, I highly doubted US economy can bear such strong USD.

If u think gold will be around 1120 in next 5 years, you might also think US inflation rate can't be up to 2%.
  • #18,529
  • Nov 2, 2014 11:06pm Nov 2, 2014 11:06pm
If western economy suffers there will be world war hence for gold sky is the limit
  • #18,530
  • Nov 2, 2014 11:08pm Nov 2, 2014 11:08pm
Quoting zew
{quote} First, I highly doubted US economy can bear such strong USD. If u think gold will be around 1120 in next 5 years, you might also think US inflation rate can't be up to 2%.
haha, this remind me of an article that i read a few days ago. US inflation rate havent hit 2% for the past 2 years.

http://blogs.wsj.com/economics/2014/...ecutive-month/
  • #18,531
  • Nov 2, 2014 11:20pm Nov 2, 2014 11:20pm
Quoting ohguowei
{quote} haha, this remind me of an article that i read a few days ago. US inflation rate havent hit 2% for the past 2 years. http://blogs.wsj.com/economics/2014/...ecutive-month/
That's the major reason why gold price is at this level.

I believe FED will join the game with BOJ and ECB, QE4 will not come but FED can choose to print money to revive export and weaken USD to push overall growth.
  • #18,532
  • Nov 2, 2014 11:27pm Nov 2, 2014 11:27pm
Quoting griffinssoul
{quote} Hi CT, just wanted to say thanks for being such a great inspiration. Your work ethic is amazing and I value your experience. Keep up the great work!
I try my best to be honest & fair. I'd like to share the fact that I badly need to be thick skinned which I'm not. Its unfortunate, but true.

When my view was long last time Gold reached 1180, I was prepared for further fall, BUT, my view was long, it climbed from there. At that time I had many people here mocking me.

When I shared a sell call @ 1245-55, I remember there were people who mocked my call again.

In other words, no matter what I do, I have & will always have people trying to prick me and only thing I need to have is kooool patience and nothing but be gentle.

Anyways, thanks for the moral support mate!
Hello World!
  • #18,533
  • Nov 2, 2014 11:34pm Nov 2, 2014 11:34pm
Quoting goldfinger
If western economy suffers there will be world war hence for gold sky is the limit
I think that a bit pessimistic!
  • #18,534
  • Nov 2, 2014 11:44pm Nov 2, 2014 11:44pm
I longed to wait for a long entry, but the trend is downward for most. I think I'm gonna wait for a correction before entering the trade.
  • #18,535
  • Nov 2, 2014 11:44pm Nov 2, 2014 11:44pm
Quoting zew
{quote} That's the major reason why gold price is at this level. I believe FED will join the game with BOJ and ECB, QE4 will not come but FED can choose to print money to revive export and weaken USD to push overall growth.
the major reason is the reduction of paper trades from Gold, the weaken import data from India and the weak physical metal pick up from china in this few weeks...

the interest rate play a part but the main reason is just that noone wan to trade gold ... paper nor physical.

but interestingly my house area bullion all got pick clean on friday. we might see a pick up soon if this kind of high physical demand remind.
  • #18,536
  • Nov 3, 2014 12:34am Nov 3, 2014 12:34am
Quoting ClockTrader
{quote} I try my best to be honest & fair. I'd like to share the fact that I badly need to be thick skinned which I'm not. Its unfortunate, but true. When my view was long last time Gold reached 1180, I was prepared for further fall, BUT, my view was long, it climbed from there. At that time I had many people here mocking me. When I shared a sell call @ 1245-55, I remember there were people who mocked my call again. In other words, no matter what I do, I have & will always have people trying to prick me and only thing I need to have is kooool patience...
You don't have to care what people say too much. Everyone has his own trading style and strategy.

What you doing in this thread is for sharing information, ideas and hard work result to other. no matter it help my trading or not. I appreciate it.
  • #18,537
  • Nov 3, 2014 12:34am Nov 3, 2014 12:34am
Now that Gold hit the targeted $1180, I expect a retracement to $1200 which is a confluence of 50 fib level on last move down (daily T/F), also previous broken lows which haven't yet been retested, and Weekly pivot point.
Attached Image (click to enlarge)
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Respect the inescapable certainity of Math
  • #18,538
  • Nov 3, 2014 12:56am Nov 3, 2014 12:56am
Quoting goldfinger
If western economy suffers there will be world war hence for gold sky is the limit
If there is a world war, I dont think gold will be of concern, with the nuclear fall out , shortage of food, water, rioting, ect.
  • #18,539
  • Nov 3, 2014 12:59am Nov 3, 2014 12:59am
You know what's funny?
After that major drop of GOLD to $1161, I don't see News or analysts refer to it as PRECIOUS Metal anymore..
  • #18,540
  • Nov 3, 2014 1:05am Nov 3, 2014 1:05am
Quoting wibie g
You know what's funny? After that major drop of GOLD to $1161, I don't see News or analysts refer to it as PRECIOUS Metal anymore..
Respect the inescapable certainity of Math
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