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

  • #1,381
  • Oct 5, 2010 3:58am Oct 5, 2010 3:58am
Quoting jimobiwan
1300+2.7% = approx 1.618 FIB extention shown on chart

changed my mind. XTRADE is right.

Took the short this am (asia) and bought as it didnt break 1312 for so long.

long @1315 (break above the noise)
Long @1321 (stop buy above Hx high)

Took one @ 1327. let the other one run for now..

Set buy for 1305
I have no enemy; I make Incautiousness my Enemy.
  • #1,382
  • Oct 5, 2010 8:04am Oct 5, 2010 8:04am
[quote=XTrade;4067965]The long term uptrend is intact and will stay that way

wow, i am really glad i switched sides. who would have guessed.

i was thinking, on my hypothesis, it would reach maybe 1334 - 1350, so why stay short or out of the mkt until that time.

i have just taken the other out cuz day range done and just about kissing the upper bb. but not doing shorts.

Thanks xTrade as usual!
I have no enemy; I make Incautiousness my Enemy.
  • #1,383
  • Oct 5, 2010 8:21am Oct 5, 2010 8:21am
Wasn't too long before a new high for gold and silver !

1330+ and 22.30+. I like that
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,384
  • Oct 5, 2010 8:35am Oct 5, 2010 8:35am
anyone know the anatomy of a blow-off top?

does it take a mega day range and immediate retrace to form?
I have no enemy; I make Incautiousness my Enemy.
  • #1,385
  • Oct 5, 2010 9:16am Oct 5, 2010 9:16am
22.50 is a big level for silver. Hope this is going to go well
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,386
  • Oct 5, 2010 9:56am Oct 5, 2010 9:56am
Wow already there folks now... silver just hit 22.5... Gold 1337. Seems that we on a great move up today.

Hi bears
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,387
  • Oct 5, 2010 10:44am Oct 5, 2010 10:44am
Silver as well! Metals are COOKING!

EUR up, GBP up CHF UP! AUD up.

USD DOWN
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,388
  • Oct 5, 2010 10:46am Oct 5, 2010 10:46am
1350 is next. We may get some resistance here now at 1340.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,389
  • Oct 5, 2010 10:52am Oct 5, 2010 10:52am
Quoting Bootleger
Hi bears
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,390
  • Edited 2:53pm Oct 5, 2010 11:02am | Edited 2:53pm
Silver just hit 22.75 !!

Gold trying 1340
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #1,391
  • Oct 5, 2010 1:22pm Oct 5, 2010 1:22pm
Quoting Bootleger
Gold trying 1240
....1340...
  • #1,392
  • Oct 5, 2010 1:36pm Oct 5, 2010 1:36pm
Gold has reached all time high record of $1340. Is there a possibility of withdrawal to $1330 in asia session or is it hiking up even further? Opinions?
  • #1,393
  • Oct 5, 2010 3:30pm Oct 5, 2010 3:30pm
I'm long gold, target 1343.50
Hero calls followed by margin calls...
  • #1,394
  • Edited 4:44pm Oct 5, 2010 3:56pm | Edited 4:44pm
Here is a perfect example for newbie Gold traders.

THis person below claimed that after we hit 1260 Gold "drop" drastically. What happened?

Well I WILL tell you, we had a healthy appx 100 USD retracement to 1150. Now, where are we? pushing 1350/1400.

So, I ask you, was this a "major drop?" was this a reversal?
NO, the answer is Far from it. Nothing more than a SIMPLE correction.

THe trade from 1150 to 1350 has been steady and massive. So in conclusion,
Gold shed 100 USD, then Added $200.

Which side is MORE PROFITBLE???

I will be posting a chart of this move tonight. Including the channel break today.

Quoting steroidman
I will tell you the truth. Trade number 25 is lousy so far.
So the truth be known, I wish I hadn't taken the trade. I hate being held over a couple of days. Feels like a trading halt.
Quoting steroidman
So far, gold has been doing great....
Quoting steroidman
And you know what, they always paint a picture, helped by the media, to get all of you, to LOSE as much as you can.
Well, I'd say many are now just gettin' richer...

Quoting steroidman
And again, NO big senior outfits are buying up gold juniors. AT ALL. NONE. Ask yourself why? What do they know? That apparently most here don't?
(this was never and still not a point, so.
-x

Quoting steroidman
What was talked about in the secret gold conference where the ticket was 300,000 USD? Held by Clinton, and entertained by Travolta, Cruise, Jayz, Beyonce and Elton?
I don't even know what to say about this. There WAS NEVER and will never be a "secret gold conference, for 300k a ticket with Bill Clinton and Jay Z.

Quoting steroidman
If you don't know or can't figure it out, then keep buying, hoarding and burying.
We will, please keep selling to take the other side of the trade, this is how a market is made)

Quoting steroidman
Just looking to keep things real, never liked blonde cheerleaders in high school either. --
Too bad, I did. And I like Gold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,395
  • Oct 5, 2010 4:03pm Oct 5, 2010 4:03pm
Quote
THis person below claimed that after we hit 1260 Gold "drop" drastically

: o
Hero calls followed by margin calls...
  • #1,396
  • Oct 5, 2010 4:54pm Oct 5, 2010 4:54pm
Quoting PhAnTi'
I'm long gold, target 1343.50
Recognizing Gold is a safe haven, it'll ultimately climb higher. However, at present today Gold peaked to new height 1342. Is it really leaving 1320 - 1330 ish areaS and spiking up higher. I fear it may steep down a bit before going long again. Hmmmmm.....

Any input on this anyone?
  • #1,397
  • Oct 5, 2010 4:56pm Oct 5, 2010 4:56pm
Quote
I fear it may steep down a bit before going long again. Hmmmmm.....

doesn't matter : p
Hero calls followed by margin calls...
  • #1,398
  • Oct 5, 2010 5:09pm Oct 5, 2010 5:09pm
Quoting PhAnTi'
doesn't matter : p
Guess you are right. I don't keep my position long, in and out. A day max. I hate being have to halt.
  • #1,399
  • Edited 8:46pm Oct 5, 2010 8:19pm | Edited 8:46pm
Wow Gold hit $1344. Makes me wonder how high this will climb before any intervention....
  • #1,400
  • Oct 5, 2010 9:07pm Oct 5, 2010 9:07pm
Don't worry this rally is sound and was, like XTrade says, done on a steady upside growth.

I'm not worry about gold and happy to be in, and pullbacks are great buying opportunities
US Dollar is trash... Get out of that Ponzi scheme !!!
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