Roughly 30,000 new gold contracts, representing a third of the physical Comex storage (with no new physical supply to back it up) have been printed in this latest rise. If this continues, upward moves will tend to be pinched short as demand can be ...

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

The only time anyone ever went to jail is from manipulating the price of silver up, so I dare say you're well off the mark there. I'm sure Dimon plans to repeat that same strategy (minus the jail time) with his massive physical buying. However, now ...

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

Yes, the metals alone are magically immune to the manipulation all other financial vehicles are publicly known to be subject to. Lending rates, currencies, stocks, oil prices, all subject to manipulation, but not the metals, no. When 100,000 ounces ...

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

Indeed. It was 22 tonnes followed by another 57 tonnes, which is 2% of global production sold within a few minutes [from Hantec Markets]. Bearish sentiment is nearly universal at this point, nearly like it was universally bullish at $1,900, and ...

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

Gold fell right into the buy zone from my prior post, but a single seller at 9:29pm EST on a Sunday night triggering stops is not exactly indicative of market sentiment so I think a stop at $1,104 until the London market opens and reacts is my ...

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

The lack of a bullish reaction upon hitting the 100% retracement of the Nov 2014 low has me targeting the range between the 27.2% extension at $1,082 and the 27.2% extension of this years range which is $1,098. Short-term I think we'll see a bounce ...

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

Cutting losses is the single most important rule for successful trading. Adding to losing trades hoping to break even only "works" in paper trading when you have infinite pretend money to throw away. That last time I heard of someone trying this in ...

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

For me, the metals are in a consolidation phase I have no interest in participating in -- I'll leave that to scalpers. Increasing trade volume within a narrowing range shows there are as many buyers as sellers among the major players and I'll let ...

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

Four years ago people thought the same thing about gold and silver being at all-time highs, and again on the next rally up. Despite the optimism in metal prices, I started shorting gold at $1,790 at the end of 2012 (or thereabouts -- I was posting ...

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

It won't be JPMorgan selling. Since I last posted they've continued to increase their silver holdings and now have the largest hoard of silver in trading history, virtually draining all silver ETFs of the physical silver they are supposed to hold. ...

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

I'm not sure what I'll be doing the rest of the week so I thought I'd put my two cents in now while I here even though I've posted quite a bit recently. PPI, non-farm, and CPI paint a bleak picture: Fewer jobs with lower pay for less hours working ...

Davit's Confluence Trading

I made a mistake with regard to the FOMC statement comparison tool: It is instantaneous, it just lists minutes by the date of the meeting not the date of the release. Whoever wrote this article found the minutes as dovish as I did. url My summary ...

Davit's Confluence Trading

Dollar/Yen has been range-bound for close to six months now, so I took a look at the historical significance of this area, and you can see the range between 120 and 123, notable as the area between the two Fibonacci I drew, has been ...

Davit's Confluence Trading

Just as I was about to delete the last Zig Zag from all my charts, I noticed it may have a use as an indicator for alternate Andrews Pitchfork placement, using Zig Zag ends rather than highs and lows as anchors. My broker's software doesn't use ...

Davit's Confluence Trading

Pound seems to be the leading strongest currency, so I've completed a monthly comparison against all non-exotics. Euro/Pound and Pound/Kiwi I've already posted and have clearly broken down/up respectively. GBP/NZD I'm already long and EUR/GBP I'll ...

Davit's Confluence Trading

Well, volume has died and prices have stabilized. The US Dollar Index travelled the full day's range in both directions and now sits near the bottom-middle without giving a clear trade signal. Only the Loonie made any progress against USD, ...

Davit's Confluence Trading

I disagree. They've admitted conditions are weaker than anticipated. That's very dovish compared to their prior statement. It looks like the market can't agree on a direction so I suppose we're not the only ones with different interpretations. ...

Davit's Confluence Trading