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  • #26,861
  • Jan 25, 2016 2:30am Jan 25, 2016 2:30am
Quoting anton.olff
{quote} Yes, a very reasonable assessment. I am only scalping gold at this point. I think gold is stuck in narrow range until next NFP as traders look for clues as to FED's actions. Is the FED "one and done," or are they going to continue with rate hikes? Global economies are in deep trouble as they all have structural problems so very unclear as to FED moves. I am out of longer term gold trades for now, though I am buying physical gold for savings. Looking to add more oil shorts, and think it could pop up to 31.88 or even as high as 32.50
Nice call for your oil ^.^
  • #26,862
  • Jan 25, 2016 2:41am Jan 25, 2016 2:41am
Quoting anton.olff
{quote} Yes, a very reasonable assessment. I am only scalping gold at this point. I think gold is stuck in narrow range until next NFP as traders look for clues as to FED's actions. Is the FED "one and done," or are they going to continue with rate hikes? Global economies are in deep trouble as they all have structural problems so very unclear as to FED moves. I am out of longer term gold trades for now, though I am buying physical gold for savings. Looking to add more oil shorts, and think it could pop up to 31.88 or even as high as 32.50
There was nice support @ 27

Going forward, on a broad level for seasonal purposes I see solid buying area in the 25-30 range..

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  • #26,863
  • Jan 26, 2016 6:48am Jan 26, 2016 6:48am
Quoting blacksnake
{quote} Nice call for your oil ^.^
I took a low risk short on gold @1115...with a stop at 1121 and a target of 1088.

It looks like gold though, could extend higher, perhaps on a spike to 1150. I do believe that prices are capped by FED...for now...and we are still in deflationary environment. What might influence gold prices (and oil) are U.S. corporate earnings.
"The market can remain irrational longer than you can remain solvent"
  • #26,864
  • Jan 26, 2016 7:08am Jan 26, 2016 7:08am
Quoting anton.olff
{quote} I took a low risk short on gold @1115...with a stop at 1121 and a target of 1088. It looks like gold though, could extend higher, perhaps on a spike to 1150. I do believe that prices are capped by FED...for now...and we are still in deflationary environment. What might influence gold prices (and oil) are U.S. corporate earnings.
I think price range around 1120 if there is a spike up. If its going up, my next short is @ 1138
  • #26,865
  • Jan 26, 2016 10:14am Jan 26, 2016 10:14am
does any 1 see a divergence on gold?
  • #26,866
  • Jan 26, 2016 10:32am Jan 26, 2016 10:32am
Quoting blacksnake
does any 1 see a divergence on gold?
yes i see but who knows when turn
  • #26,867
  • Jan 26, 2016 10:38am Jan 26, 2016 10:38am
Quoting Giannigr
{quote} yes i see but who knows when turn
A little bit weired... US stocks gaining and dollar strengtening, but gold going north~
  • #26,868
  • Jan 26, 2016 10:53am Jan 26, 2016 10:53am
Quoting blacksnake
{quote} A little bit weired... US stocks gaining and dollar strengtening, but gold going north~
This is a divergence from alone
  • #26,869
  • Jan 26, 2016 11:09am Jan 26, 2016 11:09am
Quoting Giannigr
{quote} This is a divergence from alone
what do you mean?
  • #26,870
  • Jan 26, 2016 12:54pm Jan 26, 2016 12:54pm
Quoting blacksnake
{quote} A little bit weired... US stocks gaining and dollar strengtening, but gold going north~
Could be short covering, hedging...and or traders unwinding some shorts (profit taking). I still believe that higher price range is limited due to weak economies, deflation, the likelihood of oil and other commodities prices continuing to drop (Brazil is sinking further as China stops buying raw materials), and FED actions. Of course, if FED demurs at another hike in March or April, gold likely to extend price range to 1200 area...IMHO. It is not likely that ECB will do more than it has done already given it's swollen balance sheet, and China is not talking further stimulus...though another currency devaluation could happen (Soros is shorting HKG as the peg could be gone soon).
"The market can remain irrational longer than you can remain solvent"
  • #26,871
  • Jan 26, 2016 12:59pm Jan 26, 2016 12:59pm
Quoting anton.olff
{quote} Could be short covering, hedging...and or traders unwinding some shorts (profit taking). I still believe that higher price range is limited due to weak economies, deflation, the likelihood of oil and other commodities prices continuing to drop (Brazil is sinking further as China stops buying raw materials), and FED actions. Of course, if FED demurs at another hike in March or April, gold likely to extend price range to 1200 area...IMHO. It is not likely that ECB will do more than it has done already given it's swollen balance sheet, and...
well im lost now... tell me when the price is good to short again.
  • #26,872
  • Jan 26, 2016 1:11pm Jan 26, 2016 1:11pm
Quoting blacksnake
{quote} well im lost now... tell me when the price is good to short again.
I wish I knew. I think gold prices are rather erratic now. I scalp it mostly as I see better opportunities elsewhere.
"The market can remain irrational longer than you can remain solvent"
  • #26,873
  • Jan 26, 2016 1:16pm Jan 26, 2016 1:16pm
Quoting anton.olff
{quote} I wish I knew. I think gold prices are rather erratic now. I scalp it mostly as I see better opportunities elsewhere.
Give me a sign when u already got a clear picture. I think 1126 is next resistance.
  • #26,874
  • Jan 26, 2016 1:33pm Jan 26, 2016 1:33pm
Quoting blacksnake
{quote} Give me a sign when u already got a clear picture. I think 1126 is next resistance.
I would like to see higher price rejected several times, before reloading heavy shorts....
"The market can remain irrational longer than you can remain solvent"
  • #26,875
  • Jan 27, 2016 8:10am Jan 27, 2016 8:10am
If fed dog makes loud noise gold will pullback but if fed becomes lovely little dove gold will hit 1150 easy
  • #26,876
  • Jan 27, 2016 1:27pm Jan 27, 2016 1:27pm
Looks like gold prices have a bias higher with FOMC taking a rather "dovish" stance. Gold should reach 1130 before end of week, with possible extension to 1145-1150 area.
"The market can remain irrational longer than you can remain solvent"
  • #26,877
  • Jan 27, 2016 1:31pm Jan 27, 2016 1:31pm
we are going up ..
  • #26,878
  • Jan 28, 2016 5:08am Jan 28, 2016 5:08am
free money from gold at this level 1119
  • #26,879
  • Jan 28, 2016 7:02am Jan 28, 2016 7:02am
Quoting anton.olff
Looks like gold prices have a bias higher with FOMC taking a rather "dovish" stance. Gold should reach 1130 before end of week, with possible extension to 1145-1150 area.
my view on gold still bearish... shorted gold @ 1126 N 1128. If it comes up, will add bigger size @ 1132
  • #26,880
  • Jan 28, 2016 9:11am Jan 28, 2016 9:11am
Quoting blacksnake
{quote} my view on gold still bearish... shorted gold @ 1126 N 1128. If it comes up, will add bigger size @ 1132
Smart move/trade...and I don't disagree with your view. I am bearish too and see gold prices dropping in the latter part of 2016 and 2017, though I think that gold is not going to drop until it is clear what Fed is likely to do.
"The market can remain irrational longer than you can remain solvent"
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