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Only Gold!

  • #23,621
  • Feb 24, 2015 3:35am Feb 24, 2015 3:35am
The Gold Cartel has hit again: http://www.zerohedge.com/news/2015-0...d-gold-rigging
  • #23,622
  • Feb 24, 2015 3:38am Feb 24, 2015 3:38am
Quoting kinspk
{quote} I dont see the point too. Unless one can hold it for few decades. I doubt I can live that long.
Quoting kuroro001
{quote} But what is the point of buying Physical Gold ?
India is back as top consumer of physical Gold in the World. We buy it for sentimental, religious & such reasons. Personally, I love Gold (physical). Deep inside I'm a Bull, love making money from shorts though.

Marriage in higher middle class can mean spending on Gold as much as the worth of an average fella in US (not old retired people).

This is a huge contrast between how things work in 3rd world & 1st world.
Hello World!
  • #23,623
  • Feb 24, 2015 3:47am Feb 24, 2015 3:47am
Quoting kuroro001
{quote} Hehe yes me too, i want profit right away, not in decades 1194,xx reached now. Lets see, but so far m30/h1 still bearish, so no longs yet

What is the significance of 1194?

I don't see anything with a chart here
  • #23,624
  • Feb 24, 2015 3:52am Feb 24, 2015 3:52am
Quoting Stockman
{quote} What is the significance of 1194? I don't see anything with a chart here
There you go

Its a retrace from the m5 reversal candle with increasing volume. Hence i've been shorting only

Attached Image (click to enlarge)
Click to Enlarge Name: 24-02-2015 10-50-43.png Size: 46 KB
COT: The precious data ignored
  • #23,625
  • Feb 24, 2015 3:58am Feb 24, 2015 3:58am
Heavy longs unleashed. TP 1209. SL 1185.
  • #23,626
  • Feb 24, 2015 4:08am Feb 24, 2015 4:08am
Hey, do you guys know a free charting site or software that shows gold volume too?
  • #23,627
  • Feb 24, 2015 4:50am Feb 24, 2015 4:50am
Quoting ClockTrader
{quote} {quote} India is back as top consumer of physical Gold in the World. We buy it for sentimental, religious & such reasons. Personally, I love Gold (physical). Deep inside I'm a Bull, love making money from shorts though. Marriage in higher middle class can mean spending on Gold as much as the worth of an average fella in US (not old retired people). This is a huge contrast between how things work in 3rd world & 1st world.
Yea agree with you. Chinese had similiar cultures as Indian. We buy Gold jewellery for different occasion, but maybe not for my generation and younger ones. Anyway I hope Gold drop, as i need to buy some for my sister's new born baby as gift. But for physical Gold bars, i doubt i have the ability to spare cash for it for other reasons other than making money. Last year, I even have intention to clear my position in equities to get a feel of owning 1 when my stock were stalling, but luckily I didnt. As my equities rise up more now, I would have lose out if I sold it.Hopefully soon, I can put a few bars on my table or bed.
The only winner is the one who survive the longest...
  • #23,628
  • Feb 24, 2015 5:02am Feb 24, 2015 5:02am
Quoting Stockman
{quote} What is the significance of 1194? I don't see anything with a chart here
0.309 level below daily pivot (0.309 is half way to 0.618 fib)
  • #23,629
  • Feb 24, 2015 5:13am Feb 24, 2015 5:13am
Quoting ClockTrader
{quote} Something of that type can be done in UK. They won't give you the bricks, but, will give the ID marks of the brick you own. The brick will remain in the Vault.. I think that's done by Banks & nations.
That should do - would like to explore that further, do you have a name of a brokerage? Are you allowed to mention on the forum, or if it is against FF rules, can you pl pm me - thx, appreciate it
  • #23,630
  • Feb 24, 2015 5:16am Feb 24, 2015 5:16am
Quoting kuroro001
{quote} But what is the point of buying Physical Gold ?
to give warm and fuzzy to investor members of a private investor's club who are kind of old fashioned and want the tangible backing etc...
  • #23,631
  • Feb 24, 2015 5:20am Feb 24, 2015 5:20am
Quoting goldngreen
{quote} 0.309 level below daily pivot (0.309 is half way to 0.618 fib)
What's a pivot? thanks...sorry for dumb questions
  • #23,632
  • Feb 24, 2015 5:21am Feb 24, 2015 5:21am
Bounced off 1194, lets see if it will hold or not

Still no longs here, waiting for Yellen to speak before chancing a long, but we can't head down after her speech, i could load up longs for 1300
COT: The precious data ignored
  • #23,633
  • Feb 24, 2015 5:25am Feb 24, 2015 5:25am
Quoting Stockman
{quote} What's a pivot? thanks...sorry for dumb questions
perfectly legit question - a few different ways to calculate it. I use the simple one: previous day's (high + low + close) divide by 3
  • #23,634
  • Feb 24, 2015 5:38am Feb 24, 2015 5:38am
Gold up, Eurusd up, usdjpy up...something is not good today, sounds like a messy day even though Dollar should strenghten
COT: The precious data ignored
  • #23,635
  • Feb 24, 2015 6:00am Feb 24, 2015 6:00am
10 am, yellen's testimony only move Gold market.

Technically, short term, the down side target is already met, no more levels.

On the upside 1240/50 still remains.

However, after yellen's speech, 1190 can be broken too.

Trading plan for today : Buy after break of 1211 or sell after break of 1190.
Intraday only.
  • #23,636
  • Feb 24, 2015 6:38am Feb 24, 2015 6:38am
Quoting Stockman
Hey, do you guys know a free charting site or software that shows gold volume too?
Bro, mobile phone apps, with charts and volume indicator, will you be interested?I am using Trade Interceptor.
The only winner is the one who survive the longest...
  • #23,637
  • Feb 24, 2015 6:40am Feb 24, 2015 6:40am
Quoting kuroro001
Gold up, Eurusd up, usdjpy up...something is not good today, sounds like a messy day even though Dollar should strenghten
Bro care to share your view for why USD need to strengthen. I have no idea why, so it will be nice if you can share some heads up. Thx.
The only winner is the one who survive the longest...
  • #23,638
  • Feb 24, 2015 6:46am Feb 24, 2015 6:46am
Quoting kinspk
{quote} Bro care to share your view for why USD need to strengthen. I have no idea why, so it will be nice if you can share some heads up. Thx.
I have not done any fancy analysis mate.

I'm just looking at Eurusd and usdjpy chart. Daily/weekly/monthly still shows dollars bulls.

And so far i can't see an opportunity to long euro or short usdjpy

But Gold seems to act on his own, I can't see a proper trend
COT: The precious data ignored
  • #23,639
  • Feb 24, 2015 7:08am Feb 24, 2015 7:08am
Quoting kuroro001
{quote} I have not done any fancy analysis mate. I'm just looking at Eurusd and usdjpy chart. Daily/weekly/monthly still shows dollars bulls. And so far i can't see an opportunity to long euro or short usdjpy But Gold seems to act on his own, I can't see a proper trend
Thanks Bro.
The only winner is the one who survive the longest...
  • #23,640
  • Feb 24, 2015 7:13am Feb 24, 2015 7:13am
Quoting navk
{quote} May be drop to 1196 before pushing up high. ?

Quoting kinspk
{quote} Not very sure, but there's something weird. Asian session, I make live call for a drop, because 1190 buy orders had disappeared, so at 1201~1205 range, I am confident for a drop, as R/R is good to sell that zones. So uncertainty on a bull was remove = bearish sentiment. At Europe session, I remote back to my systems to check, 1190 buy orders appeared again. And it start climbing during that session. Luckily presently it stop at 1210 and reverse, if not all my shorts are in red. Looking to long near 1194, SL planning at 1190.
Bro, you got the bounce near. Did you enter?
The only winner is the one who survive the longest...
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