XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 125 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #2,481
  • Jan 3, 2011 12:41pm Jan 3, 2011 12:41pm
Long gold and silver but with tight stops....
Think silver is very overstretched being 50% over it's 200 day MA

Beeb
  • #2,482
  • Edited 8:40pm Jan 3, 2011 12:49pm | Edited 8:40pm
Quoting XTrade
Happy new year ALL!!!

The bull rages on! Long Gold and Long oil. Looking to diversify this year into cotton and sugar hopefully...

Anyway how's everyone doing?

Positions?
X-
havnt had time to review gold but no new orders on silver till we get in the $30.00 area and then will decide.
  • #2,483
  • Jan 3, 2011 12:56pm Jan 3, 2011 12:56pm
Quoting XTrade
Happy new year ALL!!!

Looking to diversify this year into cotton and sugar hopefully...

X-
dont forget your physical.
buy dehydrated at todays prices and good for twenty years.
good for camping, disaster relief, boat etc.
  • #2,484
  • Jan 3, 2011 3:15pm Jan 3, 2011 3:15pm
last month these two metals showed a 0.94 corr in their % daily change.. doesn't it seem a bit high as if they are too related to one another? should we see this ongoing rise in these metals in the near future?
  • #2,485
  • Edited 7:31pm Jan 3, 2011 6:30pm | Edited 7:31pm
Quoting lilpip

looking for direction this week from e/u 3375
3375 area noted
watching how 3332 responds
  • #2,486
  • Jan 3, 2011 11:07pm Jan 3, 2011 11:07pm
Actually silver lagged behind gold a lot and is still catching up with the historic gold/silver ratio.

then you have other factors, gold is recycled and silver is not.

silver is used a lot more than gold in industry, its a wonderful conductor of electricity and its required for solar panels amongst other things.

I think we will see $40 silver minimum this year. $50 would not surprise me either.

anyway my point is gold is the ultimate store of wealth that will always increase vs currencies over the long haul, however silver is a store of wealth and that's a depleting resource with far more applications.
  • #2,487
  • Jan 4, 2011 1:44am Jan 4, 2011 1:44am
Quoting pangro
Hi everyone

Silver is fine,normal december consolidation,i am waiting for a breakout.
I believe uptrend will resume at the end of december or in the begining of january.
Good morning everyone

Breakout i was waiting for has occurred, i am in now.In case of a correction 30 should hold,if it does not this could mean some troubles for silver.Now let see what price will do.
Attached Image (click to enlarge)
Click to Enlarge Name: CHART1.jpg Size: 73 KB
  • #2,488
  • Jan 4, 2011 2:16am Jan 4, 2011 2:16am
Quoting sebastionay2
Actually silver lagged behind gold a lot and is still catching up with the historic gold/silver ratio.

then you have other factors, gold is recycled and silver is not.

silver is used a lot more than gold in industry, its a wonderful conductor of electricity and its required for solar panels amongst other things.

I think we will see $40 silver minimum this year. $50 would not surprise me either.

anyway my point is gold is the ultimate store of wealth that will always increase vs currencies over the long haul, however silver is a store of...
Gold and silver are money first of all. That's why they are raising so much, people got tired of inflation and of all this f*****g manipulations orchestreted by central banks which always ended up destroying savings; so they are starting to switch back to the old sound honest money, they are saying no more paper please.

It makes me laugh when i hear peolple saying that silver and gold are wonderful conductors and bla bla bla...
  • #2,489
  • Jan 4, 2011 10:58am Jan 4, 2011 10:58am
What a hit! It's too quiet here. Spooky

I'm dying here. I got heavily long, average @1387. I want to get out without loss, but this thing doesn't move up!!! If it reaches 1372, game over
"The reason I was born and came into the world is to testify to the truth."
  • #2,490
  • Jan 4, 2011 11:19am Jan 4, 2011 11:19am
Hi there,

How heavy are you? I am long @1417 and @ 1410 but I have also open the same amount plus 33% more short @ 1394.

So I will leave the short open follow the trend and when it start reversing I'll close it and add to my long positions to average down.

How do you trade (percentage wise), to be so squeezed on such a small market move? You must be using too much leverage.

Never use more than 2% of your account on a single trade. Also reduce your gearing down around 10 to 1 or even 5 to 1.

That's the golden rule in order to be on the 5% percent club who makes money on forex.

I hope you are OK.

My 2 cents...

Regards
  • #2,491
  • Jan 4, 2011 11:42am Jan 4, 2011 11:42am
Consider that Gold and Silver went hand in hand in the passing month of December as they had a very high and positive correlation of 0.94, while Silver rose much sharply with a nearly 9%, while Gold rose only by 2.4%. Also note that Silver was much more volatile than Gold. In fact, the daily percent change standard deviation for silver was 0.02 while for gold it was only 0.009, so in effect silver was nearly twice as volatile as gold. Since, however, Silver is much cheaper than gold, we should expect it to fluctuate more vigorously than gold price.

I think, if I would bet, that Silver is being dragged up by gold because of the gold rush as inventors continue to go long on it. It will be interesting to see how silver and gold will develop in 2011.
  • #2,492
  • Jan 4, 2011 11:45am Jan 4, 2011 11:45am
A good little profit taking to scare off some people...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #2,493
  • Jan 4, 2011 11:53am Jan 4, 2011 11:53am
tue. silver
31.41
30.34
29.27
  • #2,494
  • Jan 4, 2011 12:07pm Jan 4, 2011 12:07pm
There was a strong negative correlation between the USD/YEN and spot gold price, i.e. on roughly 60% of the time, when the USD/YEN had devaluated, spot gold price had risen and visa versa. Or in other words, when the Yen strengthen against the US dollar, the gold price increased in value, on 60% of the time, during the month of December. There is also a very strong correlation between gold price and the AUD/USD (0.72).
  • #2,495
  • Jan 4, 2011 12:56pm Jan 4, 2011 12:56pm
Quoting pangro
Good morning everyone

Breakout i was waiting for has occurred, i am in now.In case of a correction 30 should hold,if it does not this could mean some troubles for silver.Now let see what price will do.
I was stopped out at 29.90,bullish above 30 bearish below 30.
Attached Image (click to enlarge)
Click to Enlarge Name: CHART1.jpg Size: 70 KB
  • #2,496
  • Jan 4, 2011 1:30pm Jan 4, 2011 1:30pm
Wow, Gold gold whacked pretty hard today along with silver and oil. Haven't been doing much trading the past couple sessions due to the new year.

Most certainly some profit taking there....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,497
  • Jan 4, 2011 1:32pm Jan 4, 2011 1:32pm
Trading is still a bit thin, with light volume. It will pick up. I flattenend everything the other day
Quoting harvest3r
What a hit! It's too quiet here. Spooky

I'm dying here. I got heavily long, average @1387. I want to get out without loss, but this thing doesn't move up!!! If it reaches 1372, game over
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,498
  • Jan 4, 2011 1:42pm Jan 4, 2011 1:42pm
Strong support @1370-1374 i am long @1381.
  • #2,499
  • Edited 2:09pm Jan 4, 2011 1:58pm | Edited 2:09pm
Quoting lilpip
havnt had time to review gold but no new orders on silver till we get in the $30.00 area and then will decide.
ok, managed to get orders in to start week orders in @29.35 the days low area.

now have to figure out which way she wants to go for the week. Any thoughts ?
32.62
30.03
2744
  • #2,500
  • Edited 3:29pm Jan 4, 2011 2:04pm | Edited 3:29pm
Quoting musclemike
Strong support @1370-1374 i am long @1381.
had 1370 as week low area also but she turned around when silver hit its daily low.
155 traders viewing now