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

  • #23,861
  • Jul 6, 2013 10:37am Jul 6, 2013 10:37am
Quoting davidsayli
{quote} gold melting iceberg shape on weekly chart {image} i will close my short positions @685 begininig of 2015 i will buy then a little gold targetting 1020 (the top of blue ellipse) gl
sudden drops to the 685$/ounce very soon
  • #23,862
  • Jul 6, 2013 11:20am Jul 6, 2013 11:20am
BE CAREFULL!!!

Jim Rogers says "I expect gold may go down even more to $1,000 to $900. A 50% correction would be $960 or whatever it is. Now 50% corrections are quite normal in markets"

Read more: http://www.businessinsider.com/jim-r...#ixzz2YHbgDrxa
  • #23,863
  • Jul 6, 2013 1:49pm Jul 6, 2013 1:49pm
Quoting davidsayli
{quote} sudden drops to the 685$/ounce very soon

This is utter unsubstantiated bollox - put up or shut up......EVIDENCE AND REASONS NEEDED...... This used to be a really good thread when people had to support their views......

I definitely think six big alien spaceships will arrive on Monday
  • #23,864
  • Jul 6, 2013 7:09pm Jul 6, 2013 7:09pm
Quoting cg uno
{quote} This is utter unsubstantiated bollox - put up or shut up......EVIDENCE AND REASONS NEEDED...... This used to be a really good thread when people had to support their views...... I definitely think six big alien spaceships will arrive on Monday
Some gold producer companies decide to hedge themselves against the falling. That's why they will be openning heavy sell positions. In the other words "Armegeddon will be started for gold"

1.level : 860
2.level : 685
  • #23,865
  • Jul 6, 2013 8:32pm Jul 6, 2013 8:32pm
The market is watching the same figures as the Fed is basing the end of QE on. Any moderate to good news in those areas and $$ will be moving out of PMs.
  • #23,866
  • Jul 7, 2013 2:03am Jul 7, 2013 2:03am
Quoting cg uno
{quote} This is utter unsubstantiated bollox - put up or shut up......EVIDENCE AND REASONS NEEDED...... This used to be a really good thread when people had to support their views...... I definitely think six big alien spaceships will arrive on Monday
would they be alien spaceships or not, but the previous predictions of this guy came true nevertheless...
  • #23,867
  • Jul 7, 2013 8:53am Jul 7, 2013 8:53am
Bank of America Boosts U.S. 10-Year Yield Forecast to 3%
http://www.bloomberg.com/news/2013-0...3-on-jobs.html

1.level : 860
2.level : 685
  • #23,868
  • Jul 7, 2013 9:50am Jul 7, 2013 9:50am
Quoting davidsayli
Bank of America Boosts U.S. 10-Year Yield Forecast to 3% http://www.bloomberg.com/news/2013-0...3-on-jobs.html 1.level : 860 2.level : 685

The widespread belief that rising or higher Treasury yields are bearish for gold extends back to the early 1980s. After a popular-mania-driven parabolic explosion higher in late 1979, the last secular gold bull climaxed in January 1980. The day gold topped, 10y Treasury yields were running 11.0%! And they were heading higher still, reaching an unthinkable 15.8% in September 1981. Gold prices just collapsed.

http://www.silverdoctors.com/long-rates-threaten-gold/
  • #23,869
  • Jul 7, 2013 11:14am Jul 7, 2013 11:14am
This is the gold situation .........
Attached Image (click to enlarge)
Click to Enlarge Name: GO..W..6000.png Size: 57 KB
  • #23,870
  • Jul 7, 2013 11:16am Jul 7, 2013 11:16am
And this my point of view for this week.....
Attached Image (click to enlarge)
Click to Enlarge Name: GO..D..1000.png Size: 61 KB
  • #23,871
  • Jul 7, 2013 12:40pm Jul 7, 2013 12:40pm
Quoting davidsayli
{quote} The widespread belief that rising or higher Treasury yields are bearish for gold extends back to the early 1980s. After a popular-mania-driven parabolic explosion higher in late 1979, the last secular gold bull climaxed in January 1980. The day gold topped, 10y Treasury yields were running 11.0%! And they were heading higher still, reaching an unthinkable 15.8% in September 1981. Gold prices just collapsed. http://www.silverdoctors.com/long-rates-threaten-gold/

You are quote mining with the above - read the next paragraph....

"The widespread belief that rising or higher Treasury yields are bearish for gold extends back to the early 1980s. After a popular-mania-driven parabolic explosion higher in late 1979, the last secular gold bull climaxed in January 1980. The day gold topped, 10y Treasury yields were running 11.0%! And they were heading higher still, reaching an unthinkable 15.8% in September 1981. Gold prices just collapsed.

But that doesn’t tell the whole story, correlation doesn’t necessarily imply causation. After soaring 182.6% higher in just 5 months leading into that parabolic climax, gold was due for a brutal bear no matter what long rates did. Provocatively between August 1976 and January 1980 when gold rocketed 731.7% higher, 10y Treasury yields relentlessly climbed 42.2% from 7.7% to 11.0%. Gold still exploded higher."


http://news.goldseek.com/Zealllc/1373040094.php
  • #23,872
  • Jul 7, 2013 2:23pm Jul 7, 2013 2:23pm
A BIG CRASH COMING $685 FOR GOLD !!!

Some big hedge funds openning heavy sell positions targetting $685 for gold.

GL
  • #23,873
  • Jul 7, 2013 2:26pm Jul 7, 2013 2:26pm
Here is the daily fib clusters I see above the current zone: 1295-1304 most probable for a reversal, 1323-1334 and 1363-1372.
Attached Image (click to enlarge)
Click to Enlarge Name: Levels.png Size: 39 KB
  • #23,874
  • Jul 7, 2013 5:07pm Jul 7, 2013 5:07pm
Quoting davidsayli
A BIG CRASH COMING $685 FOR GOLD !!! Some big hedge funds openning heavy sell positions targetting $685 for gold. GL

And the Bullion Banks are going long........................ As are SWFs and CBs
  • #23,875
  • Jul 7, 2013 5:14pm Jul 7, 2013 5:14pm
Quoting cg uno
{quote} And the Bullion Banks are going long........................ As are SWFs and CBs
lol
  • #23,876
  • Jul 7, 2013 5:21pm Jul 7, 2013 5:21pm
Quoting cg uno
{quote} And the Bullion Banks are going long........................ As are SWFs and CBs

cg uno eurusd uppppp 135 next 142
gold upppp
  • #23,877
  • Jul 7, 2013 6:42pm Jul 7, 2013 6:42pm
Quoting takytto
{quote} cg uno eurusd uppppp 135 next 142 gold upppp
You can be very surprised when you see the gold @1140 tomorrow.

GL
  • #23,878
  • Jul 7, 2013 6:46pm Jul 7, 2013 6:46pm
Quoting davidsayli
{quote} You can be very surprised when you see the gold @1140 tomorrow. GL
ok in momemnt im sell
  • #23,879
  • Jul 7, 2013 7:03pm Jul 7, 2013 7:03pm
So I guess this thread has devolved into - if someone posts something absurd, post something back equally absurd.

Nice.

How about staying on point and backing up statements with something of substance.
  • #23,880
  • Jul 7, 2013 8:49pm Jul 7, 2013 8:49pm
Quoting SunTrader
So I guess this thread has devolved into - if someone posts something absurd, post something back equally absurd. Nice. How about staying on point and backing up statements with something of substance.
Agreed. If anyone had inside information about hedge fund trades, they would not be stupid enough to post on a public forum.

Just because someone makes a good call once, does not mean that everything they say henceforth becomes God's word. If that were the case, then the many gold bulls that were on point during the run up would not have missed the turning point.

I am interested in your fib clusters - something fascinating about how fib numbers are found throughout nature, and in markets. How do you feel about moving averages as an indicator of short to medium term trend change? Do you think exponential moving averages are more useful?
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