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

  • #2,321
  • Dec 8, 2010 10:12am Dec 8, 2010 10:12am
Quoting liorcohen
Hi all,

the current rise in Gold seems to me more of a speculative rise waiting to bust, does anyone has insight on this subject?
seasonally gold is usually strong through to feb.

but for trading, i just trade what my signals tell me. I have no fixed plan as to where the mkt will go eventually. the mkt can always take a detour.
I have no enemy; I make Incautiousness my Enemy.
  • #2,322
  • Dec 8, 2010 10:13am Dec 8, 2010 10:13am
seems it found a support here
first 1393 my 2sent
good trading for all
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  • #2,323
  • Dec 8, 2010 10:23am Dec 8, 2010 10:23am
Quoting riko2705
seems it found a support here
first 1393 my 2sent
good trading for all
  • #2,324
  • Dec 8, 2010 10:33am Dec 8, 2010 10:33am
Quoting riko2705
seems it found a support here
first 1393 my 2sent
good trading for all
let's see what UTL does

H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #2,325
  • Dec 8, 2010 10:53am Dec 8, 2010 10:53am
Hehe, the gold's rollercoaster, since 24.10 we had an up movement of 110$ then a down move of 95$ again an up move of 103$ and now we are back down with 58$ for now, i am still long (of course) with all my 14 positions still open (wanted to close some of my positions on the uptrend but changed my mind), waiting for a drop to 1330-40 to add long (i doubt that it'll go that low but with good old gold, you never know)


Safe trades, mates.
  • #2,326
  • Dec 8, 2010 11:13am Dec 8, 2010 11:13am
Quoting USD-Bear
let's see what UTL does

H1:
Attachment
your short was very good

good luck
  • #2,327
  • Dec 8, 2010 11:13am Dec 8, 2010 11:13am
Quoting forexnovice
good luck
  • #2,328
  • Dec 8, 2010 11:15am Dec 8, 2010 11:15am
Quoting musclemike
Hehe, the gold's rollercoaster, since 24.10 we had an up movement of 110$ then a down move of 95$ again an up move of 103$ and now we are back down with 58$ for now, i am still long (of course) with all my 14 positions still open (wanted to close some of my positions on the uptrend but changed my mind), waiting for a drop to 1330-40 to add long (i doubt that it'll go that low but with good old gold, you never know)


Safe trades, mates.
I also still hold my long
SANTAI FX EA
  • #2,329
  • Dec 8, 2010 11:18am Dec 8, 2010 11:18am
market so well executed this fork, been I on the station 100% would made that sell at 1400,

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I would consider a strong buy @ 1350

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  • #2,330
  • Dec 8, 2010 11:25am Dec 8, 2010 11:25am
Are any of you would consider adding physical bullions at this level ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,331
  • Edited 11:55am Dec 8, 2010 11:44am | Edited 11:55am
Quoting lilpip
this is what im looking at for tue. gold
1433.49
1404.56
1372.24 with eye on 1389.13
watching 1380.18 to verify trend still south for day.
your fighting a stronger trend than day as weekly is down from 1385.61
weekly chart
1427.68
1385.61
1343.54
wed day
1429.32
1404.75
1380.18
  • #2,332
  • Dec 8, 2010 12:01pm Dec 8, 2010 12:01pm
Quoting lilpip
tues. area of extra interest
30.56-76 and watching how 30.08 responds, 29.83 yesterdays breakout.
30.56-76
29.11-57
28.58
28.58 noted
silvers areas of interest for wed. day chart lows
28.17-27.75

e/u 3247 is an area of interest, she may give some clues.
3187 is daychart low area.
  • #2,333
  • Dec 8, 2010 5:10pm Dec 8, 2010 5:10pm
Quoting Bootleger
Are any of you would consider adding physical bullions at this level ?
I would, but I have to pay in euros not a good timing now
"The reason I was born and came into the world is to testify to the truth."
  • #2,334
  • Dec 8, 2010 7:20pm Dec 8, 2010 7:20pm
maybe e/u 3295-3307 will provide a clue for direction as 3240-47 helped yesterday.
  • #2,335
  • Dec 8, 2010 8:21pm Dec 8, 2010 8:21pm
Adding longs on XAG.

XAU filled at 1375 to add to position.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,336
  • Dec 8, 2010 8:25pm Dec 8, 2010 8:25pm
NO it is not. Gold is undervalued at the current prices. The only bubble that will burst is the massive short squeeze that HSBC (Short over 50% of market interest Gold on COMEX, and JPM short the same way in silver.

By now if JPM is not hedged on the silver short heads have likely rolled....
I don't see how they could not be hedged.....


Quoting liorcohen
Hi all,

the current rise in Gold seems to me more of a speculative rise waiting to bust, does anyone has insight on this subject?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,337
  • Dec 8, 2010 8:32pm Dec 8, 2010 8:32pm
In the next few years I am targeting $50 silver to $75 per oz.

I am currently systematically adding small silver buys to the stack, yet, I have just decided, yesterday in fact, to time a new "larger" buy in. Half will be flipped the other half is for longer term investment.

Gold I would only add smaller bars ATM, in order to focus on silver.

THE KEY IS DOLLAR COST AVERAGE of the TOTAL OZTs in STASH.

For instance you buy at $10 and you buy at $20, what is your DOLLAR COST average price buy???

U guessed it.... $15


Quoting Bootleger
Are any of you would consider adding physical bullions at this level ?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,338
  • Edited 10:55pm Dec 8, 2010 10:34pm | Edited 10:55pm
thurday
29.93
2884
2775

14424.45
1394.62
1364.79

lets stay above 1385.61 area and watch how 1394.62 area responds.

with eye on e/u 3293-3300
  • #2,339
  • Edited 11:13pm Dec 8, 2010 10:48pm | Edited 11:13pm
as far as buying physical get your feet wet and if were fortunate enough to dip down buy more.
usually we will have a move down to determine if supports their to continue up where we can buy big but thats the past, conditions are a bit different.
last year $15.02 was yearly trend guide (pivot if you will) I just took small partials monday when we were just above 30.00.
At yearly close l'll give a heads up on what Im looking at for next year.

weekly metals wrap helps to keep us up to speed.
http://kingworldnews.com/kingworldne...orld_News.html
  • #2,340
  • Dec 8, 2010 11:20pm Dec 8, 2010 11:20pm
Nice person.
Thanks for your answer.
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