sun trader, what would be your target price for gold before you would say that the up trend has resumed?

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

Fed has already stated that rates will stay low until 2013.

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

fib levels — if you fib from 1380 to 1923 you will see that we are almost at 75% pullback. I believe that this is an important fib range because it highlights a lot of major support levels. 1587, 1650,1715, 1794. current support at the 75% ...

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

yes i agree - great forum. Merry Christmas to all.

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

nice work on the longs. I am looking at pivot to be around 1607. Price dropped to around 1604 which is 50% pullback of 1592-1614. For me, 1604 was a buy point. time will tell.

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

Hilarious!!

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

My outlook — Below is the current weekly chart and notice the nice doji forming for this week. We are obviously in a long term consolidation and judging from this, midrange should be around 1650. I am long here, targeting the top of the ...

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

very true. Market analysts have attributed this to liquidity-selling off gold as the Euro drops. Will this correlation change soon due to the cash injection yesterday?

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

Is it really more confident? I am not making any calls here but just observations that there a lot of reasons why it should be confident. Hit the long standing trendline at 1560 and bounced up, 1600 is approx 75% fib pullback of the last move up ...

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

hope it all works out for you.

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

Wheels, what is your plan for releasing your hedge, what event are you waiting for?

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

undecided — The masses seem very undecided on the fate of gold today. I got a MA cross up last night and then turned back... an even stronger one this morning at 6am est. and now down again...wait and see mode. edit - 9:40 there she goes, a ...

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

Why are you back and forth with such tight stops? price is already back up to 1613.8 and you would have made money instead of losing both ways. been there, done that!! proper MM and large enough stops will go a long way. The only time I use tight ...

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

joke — Here is a little joke to kick off the weekend... A spaniard, Italian and a Greek walk into a bar and order a drink. The bill comes, who ends up paying.... The Germans.

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

I posted a really good video before on oil and commodities in general from Chris Martenson. The post was on pg 928 of this thread, post #13908. I think its a must see if anyone missed it.

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

With regard to markups on purchased goods, let me give an example. A pickup bumper costs the Tier 1 manufacturer $38 to produce a full assembly, they sell that to the OEM for $130. OEM then sells that aftermarket for $600. Those are real #'s, now ...

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

Dude, I believe you... just having a little fun. But Sector 7 is out there.

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

Is this PPT like Sector 7 from Transformers? LOL

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

inflation — today's TIPS auction showed strong demand even with negative yields. Is a leading indicator to inflation fears contrary to the Fed's statement? url

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

Also TIC purchases only 4.8 to forecast 53. Does not look like anyone is buying US bonds last month except the US.

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