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Only Gold!

  • #18,761
  • Nov 6, 2014 7:18am Nov 6, 2014 7:18am
PA indicate 1100 at the end of this week, lets run with the bloody bear
  • #18,762
  • Nov 6, 2014 7:25am Nov 6, 2014 7:25am
Hi there,
I think the market is about to move now. Please prepare yourself. I prefer short now, and at stop lost @ 1154. Good luck guys.
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Trade at your own risk. Don't follow one's opinion.
  • #18,763
  • Nov 6, 2014 7:36am Nov 6, 2014 7:36am
Quoting Samsamall
Hi there, I think the market is about to move now. Please prepare yourself. I prefer short now, and at stop lost @ 1154. Good luck guys. {image}
I like your signature mate.
Hello World!
  • #18,764
  • Nov 6, 2014 7:57am Nov 6, 2014 7:57am
Quoting ClockTrader
{quote} I like your signature mate.
Thank you and wish everyone here get green pips.
Trade at your own risk. Don't follow one's opinion.
  • #18,765
  • Nov 6, 2014 7:58am Nov 6, 2014 7:58am
Now this makes some sense to me.

Sort of a bottom-out on VVSA-H1 without going way down. This looks interesting.

I'll close my short in green on this note.

Trade Safe!


​​
Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested.

Love & respect MM. Trade at your own risk.
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Hello World!
  • #18,766
  • Nov 6, 2014 8:50am Nov 6, 2014 8:50am
A big fight over 1145. Lets see who wins it.
No guts, no glory
  • #18,767
  • Nov 6, 2014 9:22am Nov 6, 2014 9:22am
On the daily TF, the price is within the harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market.


http://analysis2014.blogspot.com/

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  • #18,768
  • Nov 6, 2014 11:29am Nov 6, 2014 11:29am
Quoting tk5
I believe we should wait Dollar Index to reach 88 and see if it breaks it or not...before deciding to buy GOLD {image}
88 at this moment and next level 92
  • #18,769
  • Nov 6, 2014 11:49am Nov 6, 2014 11:49am
Don't buy gold man. Its simple. Gold has to catch up to the dollar rally. No point posting here. Sell gold and wait for a reversal. Buy when you see a reversal.
A trade should be based on an assumption based on facts
  • #18,770
  • Nov 6, 2014 12:30pm Nov 6, 2014 12:30pm
Quoting ClockTrader
{quote} IMHO, its lower than 1050. Do you think Forex cares what it costs them?
You may be right about cost of production I was only quoting Talking Heads from TV. I'll do more research. But Gold is a commodity after all, not a currency, so there is a limited supply. Once it gets uneconomical to dig out of the ground , the supply will reduce, theoretically this should push price up.
Respect the inescapable certainity of Math
  • #18,771
  • Nov 6, 2014 12:55pm Nov 6, 2014 12:55pm
Quoting Mave
Don't buy gold man. Its simple. Gold has to catch up to the dollar rally. No point posting here. Sell gold and wait for a reversal. Buy when you see a reversal.
  • #18,772
  • Nov 6, 2014 3:36pm Nov 6, 2014 3:36pm
Quoting Mave
Don't buy gold man. Its simple. Gold has to catch up to the dollar rally. No point posting here. Sell gold and wait for a reversal. Buy when you see a reversal.
  • #18,773
  • Nov 6, 2014 5:33pm Nov 6, 2014 5:33pm
well i believe gold is going up so badly from this point will reach 1162 and then 1172...
  • #18,774
  • Nov 6, 2014 6:23pm Nov 6, 2014 6:23pm
Quoting Azmat313
well i believe gold is going up so badly from this point will reach 1162 and then 1172...
I believe ice creams are meant to be enjoyed in winters. Don't discourage me because i don't catch a cold but generally speaking its better to avoid ice creams in winter.
A trade should be based on an assumption based on facts
  • #18,775
  • Nov 6, 2014 6:51pm Nov 6, 2014 6:51pm
Ok, just a final check of the H4 ichi chart, remember the rendezvous between PA and Kijun well it happened but Kijun had to do all the walking (perhaps running). Notice the diverging Kumo... first signs of a correction perhaps...
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  • #18,776
  • Nov 6, 2014 7:02pm Nov 6, 2014 7:02pm
Still bear flagging on H1/H4/daily and weekly time frames, very ugly.
"Where you want to be is always in control, never wishing, always trading.
  • #18,777
  • Nov 6, 2014 7:53pm Nov 6, 2014 7:53pm
Quoting abokwaik
A big fight over 1145. Lets see who wins it.
Call it fight or support or whatever, its happening at 1138-40 level too.
Hello World!
  • #18,778
  • Nov 6, 2014 8:01pm Nov 6, 2014 8:01pm
Quoting Agent Orange
{quote} You may be right about cost of production I was only quoting Talking Heads from TV. I'll do more research. But Gold is a commodity after all, not a currency, so there is a limited supply. Once it gets uneconomical to dig out of the ground , the supply will reduce, theoretically this should push price up.
Dig how mining works? Govt leases mines to contractor who extracts Gold out of earth (soil) or deep mines.

Lets say current market price is @ 1,000

Mining co. will take contract at lower price

----------

current market price @ 800

Mining co. will take contract at even lower price so that they can pay the bills & make profit.

----------

I'm not from mining industry, take these views as a layman's. This is how I see it.

Being that said, I don't mean price will indeed come down to 800-900 within a few weeks or months, based on simple trends & chart patterns, I'm of the view that price can come down to the above said range in about 4-5 years.
Hello World!
  • #18,779
  • Nov 6, 2014 8:44pm Nov 6, 2014 8:44pm
I've read somewhere that Barrick Gold spends $900 to produce one ounce. I think you are right CT that if the price drops to $1000 the mine will shut down and supply tightens.

The 4hr looks like a dead cat bounce to me but I'm still leaning towards a rally after the employment news Friday. Where are the BULLS?
Enter Signature
  • #18,780
  • Nov 6, 2014 8:47pm Nov 6, 2014 8:47pm
Quoting Don M
I've read somewhere that Barrick Gold spends $900 to produce one ounce. I think you are right CT that if the price drops to $1000 the mine will shut down and supply tightens. The 4hr looks like a dead cat bounce to me but I'm still leaning towards a rally after the employment news Friday. Where are the BULLS?
There are larger mines who'll keep mining Gold. They just keep reducing the output.

It'll be war like situation, like famine of Gold if price indeed reaches 900 range or below that.
Hello World!
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