XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1716 | Metals Mine

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #34,301
  • Jun 2, 2015 8:08pm Jun 2, 2015 8:08pm
Guess not too "eventful".
  • #34,302
  • Jun 3, 2015 8:34am Jun 3, 2015 8:34am
Testing counter intuitive captain hindsight longs

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  • #34,303
  • Jun 3, 2015 11:40am Jun 3, 2015 11:40am
Correction completed and downtrend resumed. IMO new multi year lows soon enough:
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  • #34,304
  • Jun 3, 2015 2:55pm Jun 3, 2015 2:55pm
Quoting SunTrader
Correction completed and downtrend resumed. IMO new multi year lows soon enough: {image}
Likely enough.

Looking at various views and interpretations. . . .

Daily RSI I was looking higher at 0.786 for pattern completion, may have missed it. . . Alternative looking at complete pattern breakdown or retest at stronger resistance. Was thinking bull trap pop, now thinking maybe bear trap, bull trap pop either way difficult place to call

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  • #34,305
  • Jun 8, 2015 4:20am Jun 8, 2015 4:20am
i see quite a few posters here talking about prices falling.

Do they know the physical demand for gold and silver?
Do they know how tight the physical supply is?
Do they know the premiums for gold and silver on the Shanghai exchange?
Do they know where COTS are actually positions in the futures market?

If they did they would not be saying it is going to keep falling.
  • #34,306
  • Jun 8, 2015 6:11am Jun 8, 2015 6:11am
Quoting six gun
i see quite a few posters here talking about prices falling. Do they know the physical demand .........
No I don't know. All I know is price - and it is dropping.

I trade reality. What is, not what should be.
  • #34,307
  • Jun 8, 2015 11:46am Jun 8, 2015 11:46am
Quoting SunTrader
{quote} No I don't know. All I know is price - and it is dropping. I trade reality. What is, not what should be.
Well said.
  • #34,308
  • Jun 8, 2015 12:04pm Jun 8, 2015 12:04pm
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  • #34,309
  • Jun 9, 2015 4:21pm Jun 9, 2015 4:21pm
Quoting six gun
i see quite a few posters here talking about prices falling. Do they know the physical demand for gold and silver? Do they know how tight the physical supply is? Do they know the premiums for gold and silver on the Shanghai exchange? Do they know where COTS are actually positions in the futures market? If they did they would not be saying it is going to keep falling.
Think markets mostly agendas and algorithms and not all that rational, also don't think there any limitations on how irrational they can get. Markets always manage to cause shock and disbelieve, variable to take into consideration. . . . . .
  • #34,310
  • Jun 9, 2015 8:27pm Jun 9, 2015 8:27pm
Volume Monday and today was well below average. Might be getting ready for a big move any day now.
  • #34,311
  • Jun 11, 2015 3:44pm Jun 11, 2015 3:44pm
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http://www.forexfactory.com/showthread.php?t=326551
http://www.pipware.com/software/mini-charts.html
  • #34,312
  • Jun 17, 2015 1:48am Jun 17, 2015 1:48am
My Plan is to go long on silver for today just not yet above 16.01 handle ... standing aside
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  • #34,313
  • Jun 17, 2015 6:51am Jun 17, 2015 6:51am
Keep in mind FOMC announcement this afternoon.
  • #34,314
  • Jun 17, 2015 1:54pm Jun 17, 2015 1:54pm
Quoting whitescalper
My Plan is to go long on silver for today just not yet above 16.01 handle ... standing aside {image}
worked as planned bought at 16.01
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  • #34,315
  • Jun 17, 2015 5:08pm Jun 17, 2015 5:08pm
I always avoid major news like FOMC. What if they had surprised and actually made a rate move.

Very often reaction goes one way then reverses the other direction.

You might of been filled and then tossed out.

Too risky for me.

BTW on my chart 16.01 was hit 15 minutes before action. On the news it first went down to 15.94 then went for the day's high.
  • #34,316
  • Jun 18, 2015 5:29pm Jun 18, 2015 5:29pm
  •  ysab
  • | Joined May 2013 | Status: Love the Prophet of mercy | 33 Posts
The Long signal appeared first on 10th of June. Exactly 9 days ago.
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  • #34,317
  • Jun 18, 2015 7:37pm Jun 18, 2015 7:37pm
I'm happy for you. When do the training wheels come off?
  • #34,318
  • Jun 19, 2015 7:36am Jun 19, 2015 7:36am
I am currently sidelined after the previous long just not sure at this point
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  • #34,319
  • Jun 19, 2015 10:40am Jun 19, 2015 10:40am
silver looks good here at 1604
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Learn THEN Unlearn
  • #34,320
  • Jun 19, 2015 11:43am Jun 19, 2015 11:43am
Quoting SunTrader
I'm happy for you. When do the training wheels come off?
At least be constructive.
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