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Only Gold!

  • #21,881
  • Jan 23, 2015 9:07pm Jan 23, 2015 9:07pm
One set of SLs gone, other pending..
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Hello World!
  • #21,882
  • Jan 23, 2015 9:08pm Jan 23, 2015 9:08pm
Have a great weekend you all!
Hello World!
  • #21,883
  • Jan 23, 2015 9:34pm Jan 23, 2015 9:34pm
Quoting berda
{quote} Glad 1 sell done.. I'll left 1 more sell for next week, targeting 1274.96.. Next week will be up and down IMO.. Careful guys.. See you next week.. Have a nice weekend & green pips to all. amen..
A spike in South is possible during re-opening, of course in order to hit the SLs..

However.. I don't think its going way down to ~1274, there should be too many SLs piling up in the North..
Hello World!
  • #21,884
  • Jan 24, 2015 4:47pm Jan 24, 2015 4:47pm
Been eyeing Belo Sun mining...what do you guys think?

Thanks for the feedback, hopefully I haven't been too much of a douche bag lately...
  • #21,885
  • Jan 24, 2015 6:26pm Jan 24, 2015 6:26pm
Quoting Stockman
Been eyeing Belo Sun mining...what do you guys think? Thanks for the feedback, hopefully I haven't been too much of a douche bag lately...
Small valuation company ($66 million) based in Canada with properties in Brazil. No revenues and no production until 2017. Stock trading @ 22.5 cents. Pretty hard to analyze a company like this when everything is based upon "projected" production. Sounds like a lottery ticket. Good luck, just don't bet the ranch unless you have a spare :-)
  • #21,886
  • Jan 24, 2015 11:09pm Jan 24, 2015 11:09pm
Quoting Stockman
Been eyeing Belo Sun mining...what do you guys think? Thanks for the feedback, hopefully I haven't been too much of a douche bag lately...
Why douche bag? You are a good mate! A good contributor..
Hello World!
  • #21,887
  • Jan 25, 2015 12:16am Jan 25, 2015 12:16am
good day all,
anybody see the atmosphere... the similarity of Switzerland vote? possibility a spike in south when we woke up in Monday morning??
just anticipate.....as admin always remain us: Trade light and safe.
trading psychology n discipline
  • #21,888
  • Jan 25, 2015 2:47am Jan 25, 2015 2:47am
http://mobile.bloomberg.com/news/201...-trade-1-.html

Last 2 years I read about some countries from Asia, one of them, China smuggling Gold to Hong Kong, and result in demands for Gold not actually accounted for in the markets. Search thru my links, cant find the article for facts. But I remembered it stand in a significant x% of Gold demands.

Anyway just for sharing. Enjoy the weekends guys.
The only winner is the one who survive the longest...
  • #21,889
  • Jan 25, 2015 4:28am Jan 25, 2015 4:28am
Quoting kinspk
http://mobile.bloomberg.com/news/201...-trade-1-.html Last 2 years I read about some countries from Asia, one of them, China smuggling Gold to Hong Kong, and result in demands for Gold not actually accounted for in the markets. Search thru my links, cant find the article for facts. But I remembered it stand in a significant x% of Gold demands. Anyway just for sharing. Enjoy the weekends guys.
I have read this in a couple of sources. It is estimated that their Central Bank holds closer to 4000 tonnes of gold, as opposed to 1000 tonnes which was reported and unchanged since 2009.
  • #21,890
  • Jan 25, 2015 5:28am Jan 25, 2015 5:28am
Quoting berda
{quote} Glad 1 sell done.. I'll left 1 more sell for next week, targeting 1274.96.. Next week will be up and down IMO.. Careful guys.. See you next week.. Have a nice weekend & green pips to all. amen..
  • #21,891
  • Jan 25, 2015 5:47am Jan 25, 2015 5:47am
Its alleged on the basis of rumors that every intl. flight that lands in INdia from Middle East etc. comes with 1 Kg (~2 pounds) of Gold.. We talking tens of tonnes of Gold here..

Regardless of such rumors, its officially a fact that large amounts of Gold is smuggled into India to escape import duties etc. On other note, more than 90% of Golden ornaments sold in India are without bill/invoice.

BUT, IMHO, PA sees only 1 thing.. i.e. SLs Its not able to see how many tonnes of Gold goes from mines to stores or vaults etc..

More than $4 Trillion traded daily in FX, that's what PA sees & acts on..

Quoting kinspk
http://mobile.bloomberg.com/news/201...-trade-1-.html Last 2 years I read about some countries from Asia, one of them, China smuggling Gold to Hong Kong, and result in demands for Gold not actually accounted for in the markets. Search thru my links, cant find the article for facts. But I remembered it stand in a significant x% of Gold demands. Anyway just for sharing. Enjoy the weekends guys.
Hello World!
  • #21,892
  • Jan 25, 2015 6:14am Jan 25, 2015 6:14am
asking for advices:

what do you think about selling gold @ around 1345.00 aiming for 1100.00 1st tp and 900.00 2nd tp?

thanks
  • #21,893
  • Jan 25, 2015 8:18am Jan 25, 2015 8:18am
GOLD 2H Update:

$1322-23 the top?
Cheers, U2
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Wait, or you will be slaughtered!
  • #21,894
  • Edited 5:21pm Jan 25, 2015 4:10pm | Edited 5:21pm
Quoting danndc
asking for advices: what do you think about selling gold @ around 1345.00 aiming for 1100.00 1st tp and 900.00 2nd tp? thanks
Think that would be great plan if you get the opportunity. I'm not too sure we're going to break 1306. That is serious resistance, but it's purely possible. I think we might be close to a big sell off. Minimum 1240 in coming days if so. Once the bears take over this daily momentum.... we're gonna have a fun, fun party
  • #21,895
  • Jan 25, 2015 7:13pm Jan 25, 2015 7:13pm
Hi All... prepare for bear.. IMO of course..
  • #21,896
  • Jan 25, 2015 7:17pm Jan 25, 2015 7:17pm
Quoting berda
Hi All... prepare for bear.. IMO of course..
Bullish until 1280-1285 area breaks IMHO :-)
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  • #21,897
  • Jan 25, 2015 7:21pm Jan 25, 2015 7:21pm
Not anytime soon by the looks of it.. Better to be on the sidelines or long small lots
Quoting berda
Hi All... prepare for bear.. IMO of course..
  • #21,898
  • Jan 25, 2015 7:49pm Jan 25, 2015 7:49pm
Quoting danndc
asking for advices: what do you think about selling gold @ around 1345.00 aiming for 1100.00 1st tp and 900.00 2nd tp? thanks
First off, what makes you think it'll peak out @ 1345? and not @ 1325 or 1375?
Hello World!
  • #21,899
  • Jan 25, 2015 8:09pm Jan 25, 2015 8:09pm
Quoting ClockTrader
{quote} First off, what makes you think it'll peak out @ 1345? and not @ 1325 or 1375?
I'm sure it's because it was the most recently weekly top... If we haven't topped out yet, I'm inclined to believe we will see that stop in the next week or two and it will b somewhere around 1320-1345... Weekly momentum is sure high up there. We shall see tho gents.
  • #21,900
  • Jan 25, 2015 8:42pm Jan 25, 2015 8:42pm
Quoting Ck87
{quote} I'm sure it's because it was the most recently weekly top... If we haven't topped out yet, I'm inclined to believe we will see that stop in the next week or two and it will b somewhere around 1320-1345... Weekly momentum is sure high up there. We shall see tho gents.
@1295

Contract expiry is around the corner.. I strongly think we got a nice fall coming our way.. BUT, after a peakout today.. i.e. once most sellers have been cleared & people are hard bent to believe that PA is super bullish..

For today.. support @ ~1280.. spikes in South still possible.. if it falls.. it should bounce IMO..

Awaiting a peakout in the US session.. US traffic/liquid needs to be driven North so price can fall comfortably....
Hello World!
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