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  • #19,781
  • Nov 28, 2014 9:35am Nov 28, 2014 9:35am
Quoting Matts Micro
{quote} It seems to be the case by everything I've read too but even so to buy in the short time at this price would still not be terrible imo. Imo I think if it is a yes vote then Gold will become very bullish, at least in the short term but I don't think there will be a huge consequence if there is a no vote.
There is no chance of it being a "yes" vote, I'm swiss and I can tell you this with absolute certainty, well maybe not 100% but 99% at least.

I think you might be wrong on the no consequence if there is a no vote, look at what happened to crude oil yesterday, brutally hammered even though the decision by OPEC to not cut production wasn't entirely unexpected.

Large specs are dumping commodities en masse, its not possible to predict what will happen in such an environment, not with charts definitely no.
"Where you want to be is always in control, never wishing, always trading.
  • #19,782
  • Nov 28, 2014 9:39am Nov 28, 2014 9:39am
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hi a couple of days away thats my last chart 4 losers but in the right direction ,on this 4 hour looking at the line tp and long at the touch. sl 1170
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pp is now 1188 with a long order just placed to
  • #19,783
  • Nov 28, 2014 9:45am Nov 28, 2014 9:45am
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plan move pp as and when poss
  • #19,784
  • Nov 28, 2014 9:47am Nov 28, 2014 9:47am
BREAKING :


India eases gold import rules - RBI
https://s.yimg.com/bt/api/res/1.2/VF...ers_072037.jpgReuters – 16 minutes ago



MUMBAI (Reuters) - The government has decided to withdraw the rule that mandated trading companies to export 20 percent of the gold imported, the Reserve Bank of India (RBI) said in a statement on Friday.
The import curb was imposed last year to bring down gold imports, which had pushed India's current account deficit to a record high in the fiscal year ended March 2013.
"It has been decided by the Government of India to withdraw the 20:80 scheme and restrictions placed on import of gold," the Reserve Bank of India said, without giving a reason for the change in the rule.

(Reporting by Neha Dasgupta, Devidutta Tripathy and Suvashree Dey Chaudhury; Editing by Sumeet Chatterjee)
  • #19,785
  • Nov 28, 2014 9:51am Nov 28, 2014 9:51am
Quoting banker19
{quote} its about being hours CT... are we going up ????whts vvsa suggests now??
I think its going down.. IMHO.. SL @ 1195 for shorts maybe worth trying IF your strategy is in line with that..
Hello World!
  • #19,786
  • Nov 28, 2014 9:57am Nov 28, 2014 9:57am
Quoting Spec_And
{quote} In anticipation of? The referendum is almost certainly going to fail, you'd have better odds of winning if you bought the lottery instead.
Spec_And has good knowledge of Gold as well.. (apart from being Swiss). Being that said one could believe what he is saying about Swiss Vote.

As it appears, there is too much hype and hoopla mounting around Swiss Vote. First off, when did PA begin following news? I think newsy traders, if honest, could quote like dozens of instances when PA goes in and against news results.

I think traders need to focus more on their strategy and MM instead of the Vote.

Repeat.. Trade Safe.. Trade very very light if you are not sure what you are doing.

Work Outs & meditation helps..
Hello World!
  • #19,787
  • Nov 28, 2014 9:59am Nov 28, 2014 9:59am
Quoting ClockTrader
{quote} I think its going down.. IMHO.. SL @ 1195 for shorts maybe worth trying IF your strategy is in line with that..
is it have chance to touch 1188 or 1189 again as i have a buy at 1190....
  • #19,788
  • Nov 28, 2014 10:04am Nov 28, 2014 10:04am
Quoting Matts Micro
{quote} It seems to be the case by everything I've read too but even so to buy in the short time at this price would still not be terrible imo. Imo I think if it is a yes vote then Gold will become very bullish, at least in the short term but I don't think there will be a huge consequence if there is a no vote.
With the king dollar prancing around and making everything kneel down in front of it, commodities are currently experiencing a deflationary spiral and precious metals are no exception!

I am curious as why you gold bugs think that gold will become really bullish, what reasons?

As both Spec and myself have stated previously in this thread, the Swiss referendum has an almost infinitesimal small chance of actually passing the proposed law.

All fundamentals point to bearish

  1. TIPS shows low inflation expectations
  2. GLD and other ETF gold holdings are at 2010 levels.(The investment funds are not buying in)
  3. Goldman Sachs commodity index shows everything is at a 51 month low (2010 levels again)


We are currently in a commodities deflation cycle so someone please outline a good case for a bullish Gold trend in the near to mid term, apart from this weekend swiss referendum?

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  • #19,789
  • Nov 28, 2014 10:05am Nov 28, 2014 10:05am
Quoting Spec_And
{quote} There is no chance of it being a "yes" vote, I'm swiss and I can tell you this with absolute certainty, well maybe not 100% but 99% at least. I think you might be wrong on the no consequence if there is a no vote, look at what happened to crude oil yesterday, brutally hammered even though the decision by OPEC to not cut production wasn't entirely unexpected. Large specs are dumping commodities en masse, its not possible to predict what will happen in such an environment, not with charts definitely no.
True well said (thanks for insider p.o.v. too). The oil decision is a little different however. The decision realised was to do with continued supply even though the industry really doesn't need it so it was about over supply hence prices dropping imo, not so much of the news release itself. If there is a "no" vote then that means that something that wasn't already being done isn't going to started to be done. The only way I see that affecting price is if a yes vote was already priced in and somehow I don't think there would be a lot of that. Don't get me wrong I believe there will certainly be movement on short term what ever decision but in the case of a no vote then price should correct back to its current course.
As the lights go by so too do the shadows move
  • #19,790
  • Nov 28, 2014 10:07am Nov 28, 2014 10:07am
Quoting banker19
{quote} is it have chance to touch 1188 or 1189 again as i have a buy at 1190....
You have to have a strategy mate.. I can't speculate on anyone's positions here.. You should SL & TP.


Nice inputs @Dafonz

Wish you all a great weekend!
Hello World!
  • #19,791
  • Nov 28, 2014 10:21am Nov 28, 2014 10:21am
[Quote = Dafonz; 7906643] {quote} Com o dólar rei pulando e fazendo tudo o que se ajoelhar na frente dele, as commodities estão experimentando atualmente uma espiral deflacionária e metais preciosos não são excepção! Estou curioso por que você acha que erros do ouro que o ouro vai se tornar realmente alta, que razões? Como ambos Spec e mesmo já foi referido anteriormente neste tópico, o referendo suíço tem uma pequena chance quase infinitesimal de realmente passar a proposta de lei. Todos os fundamentos apontam para TIPS bearish mostra baixo as expectativas de inflação GLD e outras explorações ETF de ouro estão nos níveis de 2010. (Os fundos de investimento não estão comprando in) índice de commodities Goldman Sachs mostra tudo está em um 51 meses baixo (níveis de 2010 novamente) Estamos atualmente em um ciclo de commodities deflação para que alguém entre em delinear um bom caso para uma tendência bullish ouro no curto a médio prazo, para além deste fim de semana referendo suíço? {Imagem} {imagem} [/ quote]


I see that you understand the subject
  • #19,792
  • Nov 28, 2014 10:21am Nov 28, 2014 10:21am
Quoting Dafonz
{quote} With the king dollar prancing around and making everything kneel down in front of it, commodities are currently experiencing a deflationary spiral and precious metals are no exception! I am curious as why you gold bugs think that gold will become really bullish, what reasons? As both Spec and myself have stated previously in this thread, the Swiss referendum has an almost infinitesimal small chance of actually passing the proposed law. All fundamentals point to bearish TIPS shows low inflation expectations GLD and other ETF gold holdings...
Agree with all you said. I'm not bullish on Gold, there is no demand atm. Even if the Swiss pulled a yes vote out of the hat I read recently that it was possible it wouldn't affect the price of Gold in the long term. It had to do with the way the SNB could possibly buy it, details I barely understood at the time and certainly couldn't repeat.
As the lights go by so too do the shadows move
  • #19,793
  • Nov 28, 2014 10:24am Nov 28, 2014 10:24am
CT can u comment on the volume of this weekly candle compared to the previous 2-3 weeks

thanks
  • #19,794
  • Nov 28, 2014 10:27am Nov 28, 2014 10:27am
Quoting aandre
I see that you understand the subject
Not sure if my post translated properly in Portuguese.

A tendência para todas as commodities é para baixo , incluindo o ouro . É preciso que haja uma boa razão para acreditar que ele vai subir .
  • #19,795
  • Nov 28, 2014 10:27am Nov 28, 2014 10:27am
Quoting Matts Micro
{quote} True well said (thanks for insider p.o.v. too). If there is a "no" vote then that means that something that wasn't already being done isn't going to started to be done.
Nice explanation that means the bearish trend will continue next month with a "no" vote majority in the referendum.
The master knows exactly the right time to do nothing.
  • #19,796
  • Nov 28, 2014 10:28am Nov 28, 2014 10:28am
thinking late friday night move ???? any body ???
  • #19,797
  • Nov 28, 2014 10:32am Nov 28, 2014 10:32am
Quoting Matts Micro
{quote} Agree with all you said. I'm not bullish on Gold, there is no demand atm. Even if the Swiss pulled a yes vote out of the hat I read recently that it was possible it wouldn't affect the price of Gold in the long term. It had to do with the way the SNB could possibly buy it, details I barely understood at the time and certainly couldn't repeat.

There is always a reason for Gold to moonshot upwards, ie large scale war or something completely unexpected that destroys confidence in the worlds financial markets.

However as a trader you must trade with what you see and with current information/data. Right now IMO there is very little reason to sustain a belief that Gold will enter a sustained rally upwards. So until that changes I am firmly trading with the trend down and shorting.
  • #19,798
  • Nov 28, 2014 10:34am Nov 28, 2014 10:34am
Quoting Au.trader
{quote} Nice explanation that means the bearish trend will continue next month with a "no" vote majority in the referendum.
Almost certainly imo. Gold is bearish due to no demand (China down turn, bullish USD etc) and with a rug of slim hope pulled from under the feet of the bulls it should continue on its way down. Careful to all however with open trades and the possibility of large volatility in both directions.
As the lights go by so too do the shadows move
  • #19,799
  • Nov 28, 2014 10:35am Nov 28, 2014 10:35am
Quoting elbert3
thinking late friday night move ???? any body ???
To the upside? When London traders close their shorts?
"Bulls make money, bears make money, pigs get slaughtered"
  • #19,800
  • Nov 28, 2014 10:35am Nov 28, 2014 10:35am
[Quote = Dafonz; 7906715] {quote} Não sei se meu post devidamente traduzido em Português. A Tendência Para todas como mercadorias de e parágrafo Baixo, incluíndo o ouro. É Preciso Que Haja Uma boa Razão Para Acreditar Que ELE vai subir. [/ Quote]


quiet
Gold walks unlike the dollar
unlike the SP500
and the low inflation ta is bad for him.
and bubble burst the bubble
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