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Only Gold!

  • #19,481
  • Nov 24, 2014 1:06am Nov 24, 2014 1:06am
Anyone can clearly give me an outlook about the swiss gold referendum.If this referendum don't pass how much south gold can go and also what will be the long term consequences.Thank you !!!
The master knows exactly the right time to do nothing.
  • #19,482
  • Nov 24, 2014 2:27am Nov 24, 2014 2:27am
Gold Now Entering Bullish Pre-Holiday Period.

Source - http://www.investing.com/analysis/go...-period-233439
  • #19,483
  • Nov 24, 2014 2:31am Nov 24, 2014 2:31am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} The current peak-out on VVSA coincides with contract expiry.. Additionally, SMA(303) on H4's indicator is on same lines too. These are thee reasons I'm not gung ho about Bulls in today's scenario. I better sum it up like below: Limited upside or very little or none coz of below reasons: Peakout on VVSA-H1 & H4 SMA(303) H4 on peak Its above SMA(555) H1 right now, but, once price falls below 1190 fiercely, Bulls will get invalidated. Peak Price sitting on Contract expiry Its not going to take too long, I hope to see a decisive action by bears...
Agreeing to you completely.

KAH
  • #19,484
  • Nov 24, 2014 3:19am Nov 24, 2014 3:19am
Quoting ClockTrader
{quote} TF: Daily Focus on Comex Contract Expiry IMHO, given the recent history where its bearish in most cases, the best bet for Bulls would be to go sideways on daily chart.. i.e. $10 - 20 climb tops during this week IF IT indeed does. On the fair side which is more likely, a nice fall is waiting us. I would like to sit on side-bars & protect my interests. I have put up green bars tentatively on 24th of each month. Plz correct me IF contract expiry date varies. {image}
Expiration dates are always the same but the active front month contract isn't always the next month's contract. For example the last actively traded GC contract with substantial open interest was the 2014 Aug contract, so there was actually a 4 month gap in between in which expiration was irrelevant (due to extremely low OI in Sept/Oct/Nov contracts).
"Where you want to be is always in control, never wishing, always trading.
  • #19,485
  • Edited 3:47am Nov 24, 2014 3:32am | Edited 3:47am
Quoting Spec_And
{quote} Expiration dates are always the same but the active front month contract isn't always the next month's contract. For example the last actively traded GC contract with substantial open interest was the 2014 Aug contract, so there was actually a 4 month gap in between in which expiration was irrelevant (due to extremely low OI in Sept/Oct/Nov contracts).
I always like your inputs mate! Always substantial....

On other note, remember you wanted to go long @ 1180 ? Price was like in 1130-50 range then.

While I was skeptical, what if price peaks out @ 1180, you had some view then.

I wonder what your opinion would be in current situation?
Hello World!
  • #19,486
  • Nov 24, 2014 3:45am Nov 24, 2014 3:45am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 48 KB
  • #19,487
  • Nov 24, 2014 4:30am Nov 24, 2014 4:30am
Quoting ClockTrader
{quote} I always like your inputs mate! Always substantial.... On other note, remember you wanted to go long @ 1180 ? Price was like in 1130-50 range then. While I was skeptical, what if price peaks out @ 1180, you had some view then. I wonder what your opinion would be in current situation?
I mentioned that 1180 was a long (on the retest after 1180 was broken), that turned out to be a decent trade for me. Imo 1180 is still a major pivot point and its still a long if it isn't broken (as a support).

The swiss gold referendum this sunday is a major risk event though, so I have no positions now, don't want to be whipsawed by rumours and news before thats over.
"Where you want to be is always in control, never wishing, always trading.
  • #19,488
  • Nov 24, 2014 5:30am Nov 24, 2014 5:30am
Gold still at indecision, short probably, if yes we going to 1150
  • #19,489
  • Nov 24, 2014 5:45am Nov 24, 2014 5:45am
Quoting Au.trader
Anyone can clearly give me an outlook about the swiss gold referendum.If this referendum don't pass how much south gold can go and also what will be the long term consequences.Thank you !!!
When is this data coming?

PS: Hope this breaks pin drop silence here..
Hello World!
  • #19,490
  • Nov 24, 2014 5:51am Nov 24, 2014 5:51am
Quoting ClockTrader
{quote} When is this data coming? PS: Hope this breaks pin drop silence here..
Swiff Gold referrundum on 30th Nov 2014
  • #19,491
  • Nov 24, 2014 5:57am Nov 24, 2014 5:57am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} When is this data coming? PS: Hope this breaks pin drop silence here..
On November 30, Swiss nationals head to the polls on three separate issues: abolishing a flat tax on resident, non-working foreigners, an immigration cap, and a proposal on Swiss gold reserves. As Visual Capitalist notes, the one we are most interested in is the latter section of the ballot, and today’s infographic sums up everything you need to know about the upcoming Swiss gold referendum.

The referendum, if passed, will mean that (1) The Swiss National Bank must hold 20% of all assets as gold, (2) Switzerland will repatriate the 30% of their gold held abroad by England and Canada, and (3) Switzerland may no longer sell any gold they accumulate.

In the most recent polling, 38% of respondents supported the initiative, 47% were against, and 15% were undecided. The poll has a 3% margin of error as well. While support is down from the previous poll, anything is still possible on November 30th.

Switzerland currently holds 1,040 tonnes, or 7.7% of its reserves in gold. The country actually holds the highest amount of gold per capita (4.09 oz per citizen). However, it used to be an even bigger holder of the yellow metal. In 2000, the SNB held 2,500 tonnes of gold and it has also been the biggest national seller since.

The implications of the vote are huge. With a “yes”, the SNB would have to purchase at least 1,500 tonnes of gold to meet the 20% threshold for 2019. That’s about half the world’s annual production. It would also put Switzerland back in the top three for most gold holdings worldwide.

Mutes markets - muted thread...
  • #19,492
  • Nov 24, 2014 6:16am Nov 24, 2014 6:16am
Bears not yet, 1180 will determine
  • #19,493
  • Nov 24, 2014 6:44am Nov 24, 2014 6:44am
Everyone is talking about how much gold will recover after getting a green signal from referendum but i am wondering that it may crash huge.Is there any poll coming this week it will be more helpful.
The master knows exactly the right time to do nothing.
  • #19,494
  • Nov 24, 2014 7:37am Nov 24, 2014 7:37am
chances of gold going towards 1207 now???
  • #19,495
  • Nov 24, 2014 7:51am Nov 24, 2014 7:51am
Quoting banker19
chances of gold going towards 1207 now???
Yes maybe gold will trade higher this week and fall like rock after the referendum.
The master knows exactly the right time to do nothing.
  • #19,496
  • Nov 24, 2014 7:55am Nov 24, 2014 7:55am
Quoting oladinpeter
Bears not yet, 1180 will determine
SMA (555) on H1, price needs to go below 1190 like I've said before for Bears to take over..

Quoting banker19
chances of gold going towards 1207 now???
Very much if not in current US session, then by next Asian session.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 20 KB
Hello World!
  • #19,497
  • Nov 24, 2014 8:21am Nov 24, 2014 8:21am
Awaiting a peakout on VVSA-M15 - M30 so I can sell Gold..

Hope to get it by London Morning (25th)
Hello World!
  • #19,498
  • Nov 24, 2014 10:27am Nov 24, 2014 10:27am
Strange how Gold and USD/JPY are moving side by side on lower time frames (M5).
No guts, no glory
  • #19,499
  • Nov 24, 2014 11:31am Nov 24, 2014 11:31am
Quoting ClockTrader
{quote} SMA (555) on H1, price needs to go below 1190 like I've said before for Bears to take over.. {quote} Very much if not in current US session, then by next Asian session. {image}
Thank clocktrader
  • #19,500
  • Nov 24, 2014 12:11pm Nov 24, 2014 12:11pm
Tight range on 4h waiting for a breakout. downside probably
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