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

  • #1,341
  • Sep 29, 2010 9:04am Sep 29, 2010 9:04am
I believe the chart is showing how many ozs of gold it takes to buy a share of the Dow index. I have to look at it again.

QUOTE=riko2705;4032759]http://www.stockopedia.co.uk/content...allying-47950/
"....
The following (log) chart, as its title implies, shows the long term relationship between the Dow and gold:"


could anyone interpret this chart please?
many thanks[/quote]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,342
  • Sep 29, 2010 9:12am Sep 29, 2010 9:12am
New Highs today and still above 1300 price is hanging strong as of now.

In a very tight range currently... Lets see how the close today is.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,343
  • Sep 29, 2010 9:45am Sep 29, 2010 9:45am
beware buying at current levels

gold is supported by several asian countries buying for diversification, some don't mind the price, but the biggest buyer (China) does, and they prefere buying on weakness rather than on strenght

gold will probably trade between 1150 and 1220 between October and November, as China will step away and wait for lower prices.
This could generate quick profit taking, so I'd be very cautios on buying here unless is for the very long term

only my idea
  • #1,344
  • Sep 29, 2010 9:49am Sep 29, 2010 9:49am
I am short at 1311

now I am looking for area 1314 - 1318 to see a possible last upward leg before a retracement below 1300 in the next month
  • #1,345
  • Edited 11:25am Sep 29, 2010 11:13am | Edited 11:25am
This ratio is really interesting. When we'll see that ratio at 1 or 2, it will be the time to sell our goldhttp://www.stockopedia.co.uk/uploads...t_17.39.57.jpg
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,346
  • Sep 29, 2010 4:48pm Sep 29, 2010 4:48pm
Looking at the last high.
I am thinking that the numbers are how many dow shares you can get for one oz of GOLD.
Because there sure as sh!t "ain't" no way you are selling 43.7 ozt sof gold for a share of the DOW.

If you look at it as 43.7 ozs of Gold for a share of the DOW
43.7 x 1300 ozs of Gold = 56,810.00 USD

Something doesn't add up here

Maybe it means to state it that 43 : 7 Dow :43 to Gold 7 ozs?

....

Not sure, have to look at link. We need to know in what instance the dow is being traded here to decipher the gold ratio.

Quoting Bootleger
This ratio is really interesting. When we'll see that ratio at 1 or 2, it will be the time to sell our goldhttp://www.stockopedia.co.uk/uploads...t_17.39.57.jpg
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,347
  • Sep 29, 2010 6:10pm Sep 29, 2010 6:10pm
Possible Bullish Pennant/flag on H1 forming
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,348
  • Sep 29, 2010 8:05pm Sep 29, 2010 8:05pm
Quoting XTrade
Looking at the last high.
I am thinking that the numbers are how many dow shares you can get for one oz of GOLD.
Because there sure as sh!t "ain't" no way you are selling 43.7 ozt sof gold for a share of the DOW.

If you look at it as 43.7 ozs of Gold for a share of the DOW
43.7 x 1300 ozs of Gold = 56,810.00 USD

Something doesn't add up here

Maybe it means to state it that 43 : 7 Dow :43 to Gold 7 ozs?

....

Not sure, have to look at link. We need to know in what instance the dow is being traded here to decipher the gold ratio.
Look it works... this 43 ratio was about in 2000-2001, at the top of the technology bubble.

Dow was at about 11 000 and gold about 275... so 11 000/ 275 = 40... so at that time you needed 40 onces of gold to buy 1 shares of the Dow Jones. So those numbers in the graph seems good

You get it ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,349
  • Sep 30, 2010 9:14am Sep 30, 2010 9:14am
http://blogues.cyberpresse.ca/lapres.../lamachine.jpg

(Reuters) - A German firm that installs and manages gold vending machines aims to introduce them into the United States this year as it expands rapidly to take advantage of demand for bullion in times of economic uncertainty.
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,350
  • Sep 30, 2010 9:31am Sep 30, 2010 9:31am
I've got to say I am a little surprised Gold keeps on going up. The divergences never end here ... more steam is not coming together to put price up much much more I believe, but so far it keeps itself up there steadily.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #1,351
  • Sep 30, 2010 9:54am Sep 30, 2010 9:54am
Seems like this little pullback was seen as a bargain hunting buying on the short term... we'll see if we can keep the pace !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,352
  • Sep 30, 2010 8:42pm Sep 30, 2010 8:42pm
Quoting fammira
gold will probably trade between 1150 and 1220 between October and November, as China will step away and wait for lower prices.
Can you tell me how you analyst the chart so you can get number 1150 and 1220?
thanx.
  • #1,353
  • Sep 30, 2010 9:44pm Sep 30, 2010 9:44pm
Do u think that 1350 is highly possible? or you still keep your guess around 1318? Thank u.

Quoting fammira
why not 50,000 ?

as I explained, gold often retrace after new highs, it may still not be the case but this time it did not happen. but when it will, this increases the chance that the drop will be extended...1295 to 1350 is a very good selling area to my eyes, and for sure not a buy at such a high levels. remember what happened to oil two years ago. almost the same, and for the opposite reason, could happen to gold...
  • #1,354
  • Sep 30, 2010 10:09pm Sep 30, 2010 10:09pm
1350 seems reasonable before a little pullback
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,355
  • Oct 1, 2010 9:12am Oct 1, 2010 9:12am
short 1315.6
I have no enemy; I make Incautiousness my Enemy.
  • #1,356
  • Oct 1, 2010 10:32am Oct 1, 2010 10:32am
Quoting jimobiwan
short 1315.6
TP ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,357
  • Oct 2, 2010 6:50am Oct 2, 2010 6:50am
Quoting Bootleger
TP ?

Lets see if it wants to head down. PA says not yet.

Holding to see if it breaks last break low @1277.95 (28SEP). If it stalls here, it might give me a doji on monday with a down on tues. If i see that, i will add shorts.

it will swing around in a $25 range probably in protest before heading down.

1277 is the key. That num is also below current 18dma which is also good and the stos will lose embedded status.

Lets see if the stars align.

Last year, NOV, PA sailed through the round 1200 mark and made it as far as 1227 before the big retrace. That is 1200 + 2.7%.
1300 + 2.7% = 1335.1
I have no enemy; I make Incautiousness my Enemy.
  • #1,358
  • Oct 2, 2010 8:07am Oct 2, 2010 8:07am
Interesting math equation at the end.

At this point and the clear "dip buying" seen last week.
(WHICH I am Pissed I missed) I would say we are primed for 1350.

There are likely some sell stops in that area through to 75.

However, all precious metals and copper & oil are on rallies.

Silver has finally taken out 21 even with a close above it.
So the potential for further gains will rest largely in sentiment for the USD
which right now is poor.

Another thing to remember as we have also seen this year, Gold plays a universal role. THus, there are other nations and investors, looking to buy a tangible asset, to protect from all the money printing by central banks.

So, if the Euro dips again, the trade Short EUR/ Long XAU may resume.
Right now it is long EUR, Long Gold, Short XAU.

At some point there will be a correction. Yet don't try to outsmart the trend.


Some quick charts
Gold
http://www.kitco.com/images/live/nygold.gif
http://www.kitco.com/LFgif/au1825nyb.gif

Silver
http://www.kitco.com/images/live/nysilver.gif

Platinum:
http://www.kitco.com/images/live/plati.gif
Take a look at these, 5 year shows the PT crash during auto industry tumble and after output shortage in South African Mines. At which point PT briefly dipped below the Price of Gold! http://www.kitco.com/LFgif/pt1825nyb.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,359
  • Oct 2, 2010 12:42pm Oct 2, 2010 12:42pm
Here is a great link for any (international holders) of physical GOLD

This is Price per gram in multiple currencies:
http://www.goldprice.org/gold-price-per-gram.html
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,360
  • Oct 2, 2010 1:30pm Oct 2, 2010 1:30pm
If we hit 1350-1360... a good pullback to 1250-1300 level will be reasonable in my opinion
US Dollar is trash... Get out of that Ponzi scheme !!!
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