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

Looks like AUD/USD is in a channel.
It has just come off the BRN 1.04 which coincides with the upper channel line.

Just sitting back from the chart looks much more likely price is heading south to the lower channel.

What I would be looking for now is for price to get under the previous bullish bar. Thus would create a bearish outside bar BEOB.
With the resistance above this, a short at that stage would have potential.

Forgot my chart.
Donkey head....

Maybe this is one for the pitch folk - any thoughts beeb?

Oh how I wish I could trade oil via FX broker!!! Long on European demo account from 113 brent.

Crude is up to 119.64 and counting
Light (WTI) = 107 off the high in the 108s!!!

Snatched up some ENgelhard prospectors over the weekend.
They hold about a buck or so depending on dealer resale over the generic name brands buy price.
Plus everyone online loves them.

For those of you that don't know Engelhard:
Engelhard Corporation is a former American Fortune 500 company headquartered in Iselin, New Jersey, USA. It is credited with developing the first production catalytic converter. In 2006, the German chemical manufacturer BASF bought Engelhard for $US5 billion.

Lot of dough there...(in the takeover) ANd no BASF does not make silver bars
http://www.apmex.com/Resources/Catal.../9712_slab.jpg

They look better than a can of Mobil Oil that is for sure.

Went long AUD/USD.

Looks like we may get some decisive breaks soon.

Short USD/CHF. waiting for this baby to dump.

See chart here
http://www.forexfactory.com/showpost...postcount=1593
from last night

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GOLD - Woul like to see a clean break of 1440 with breakout hitting 1450

well, remember that us Europeans have to pay VAT (20% in UK) on silver products.....

beeb

Short USD/CHF - that makes sense.
Price has been snaking down the chart.
A pinbar formed confirming the resistance level created by the bottom of the previous swing low.
Price has stuck slightly at 0.92 (BRN)
Get and close under and it will "dump".

Too right beeb - but not gold.
Doesn't make sense to me.
I guess you can get it in the Channel Islands, maybe Isle of Man is also VAT free. But we are talking about smuggling it in so I won't talk about that any more.

Simple S/R using Lin chart for "Fawaol" not sure where he is.

We made the first step. Yet there is a cluster of minor intraday S/R where we are now.

Bargain hunters may be waiting to pounce on dip. Be ready.

Yes, I have been loving shorting this pair,
the downtrend is quite massive if you take another gander...

Two more charts larger view and closeup.

Trading it intraday can be a pain in the a$$ b/c at times she moves slower than molasses but when she dumps there can be 200 pip southbound train rides to catch . Prefer higher TF on swissy. PA jerks around a lot...

Can't remember if I've mentioned it before but that chart is an excellent example of why I don't like breakout trades. Look at the number of times price just makes a new high or low and then reverses......I find it's often the same with horizontal support and resistance. I tend to use lines along the angle of my forks ....

beeb

Today is capital D E A D. So far,

ISM Non-Manufacturing PMI USD - Tomorrow

Bank Rate and Statement Tonight - AUD -

Right now......

I have a friend in Sweden that another friend and I ship silver to, to avoid the VAT...

What is the current rate again?

i am surprised that VAT isn't payable as Sweden is part of the EU, but i'm sure you know what you are doing......

It is payable. That's the.....

closed 3830

what the now can we will see again to see touch the 1415 level

* Deal has approval of New Gold and Richfield boards
* Richfield has agreed to break fee of C$18 million
* New Gold shares down 4.1 pct; Richfield shares surge
(Adds analyst comment, share price move, details on deal)
By Euan Rocha and Pav Jordan
TORONTO, April 4 (Reuters) - New Gold Inc NGD.TO said on Monday it struck a deal to acquire gold exploration company Richfield Ventures RVC.V in a C$550 million ($567 million) all-stock deal that lets it expand its asset base in Canada.
The deal gives New Gold, a mid-sized gold miner, control of Richfield's flagship Blackwater project in British Columbia -- the acquisition will add about 3.8 million ounces of gold resources to New Gold's portfolio.
Under the deal, which comes amid soaring gold prices and bubbling gold sector M&A activity, Vancouver-based New Gold will swap 0.9217 of a share for each Richfield share. The deal values Richfield at C$10.38 a share, a 31 percent premium to its April 1 closing price.
"The acquisition of the Blackwater project is an ideal fit with our goal of continuing to enhance value in jurisdictions where we already have a strong presence," New Gold's Executive Chairman Randall Oliphant said in a statement.
Oliphant, the former president and chief executive of Barrick Gold ABX.TO ABX.N , said the Blackwater project would significantly increase New Gold's production base at competitive cash costs in the years ahead.
New Gold owns operating assets in the United States, Mexico and Australia and is developing assets in Canada and Chile. The acquisition comes weeks after Oliphant signaled the company was on the lookout for advanced-stage exploration assets.
ID:nN09248931
Fraser Mackenzie analyst Michael Starogiannis said in a note to clients that he believes the bid full and fair.
"We believe that the limits of the (Blackwater) deposit have been largely delineated by recent systematic drilling and are therefore unlikely to grow significantly," he said.
Shares of New Gold were down 4.1 percent at C$10.80, while those of Richfield were up 24.5 percent at C$9.88 on the TSX Venture Exchange.
BLACKWATER PROJECT
The Blackwater project is a bulk-tonnage gold project in central British Columbia and is about 450 kilometers (280 miles) north of New Gold's New Afton project, which is expected to begin production in mid-2012.
New Gold, which expects to fund the development of Blackwater from internal cash flow, said the timeline to develop the project will allow it to transition its mine building team from New Afton to Blackwater.
Richfield CEO Peter Bernier said the all-stock deal would let Richfield's shareholders benefit from the advancement of the project, and from New Gold's larger portfolio of assets.
Moreover, in a business where the pedigree of a company's management team is almost as significant as the promise of its resource, New Gold's board of directors reads like a veritable who's who list of mining industry heavy weights.
Other board members besides Oliphant include Pierre Lassonde, the former president of Newmont Mining NEM.N and current chairman of Franco Nevada FNV.TO ; Ian Telfer, the current chairman and former CEO of Goldcorp G.TO ; and Raymond Threlkeld former CEO of Western Goldfields.
The boards of both companies support the deal and have set an C$18 million break-up fee. Richfield directors and officers, who control some 15.8 percent of its shares and options have agreed to support the deal, which requires approval of holders of two-thirds of Richfield shares.
New Gold's financial advisor is Canaccord Genuity and its legal advisors are Cassels Brock & Blackwell LLP in Canada and Shearman & Sterling LLP in the United States.
Richfield's financial advisor is National Bank Financial Inc. and its legal advisor is McMillan LLP in Canada.
($1= $0.97 Canadian)
(Reporting by Euan Rocha and Pav Jordan; editing by Janet Guttsman)
(([email protected]; +1 416 941 8163; ReutersMessaging: [email protected])) Keywords: RICHFIELD NEWGOLD/
http://202.177.199.164/include/images/dot.gif (source:Reuters)

Yes

Germany has some funny rules: 7% for coins and 19% for bars...