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

  • #3,281
  • Edited 1:52pm Mar 4, 2011 11:08am | Edited 1:52pm
kamen - you keep asking the same question in different ways....
if you look at the posts since you last asked you will have your answer..

remember that in the market anything is possible , but if you want a one word answer - "NO" - but that is not a guarantee

please try and appreciate what others are doing here

beeb
  • #3,282
  • Mar 4, 2011 11:12am Mar 4, 2011 11:12am
hello!

i would really thank you all!
you have been very useful to me, i was looking to solve some mistakes on my gold chart!

im in full agree on 1500$ x oz soon
and for trading method i agree on trendlines, channel, fibos etc.
also Rsi 4 n 13 periods same window give a good idea of what happening.

The big fact is to draw correctly trendlines, suppports ets. a mistake can be very expensive. yesterday i had trendline in 1411.90.
i didnt see the "so obviuos" 1410.00 (near...) and got stopped 1410.30.
90% of traders use TA, indicators and prediction
  • #3,283
  • Mar 4, 2011 11:32am Mar 4, 2011 11:32am
Quoting _BBKing_
i didnt see the "so obviuos" 1410.00 (near...) and got stopped 1410.30.
I am happy you didn't kill yourself

When your SL was triggered, I added a long (8 oz @1411). I had longs at 1420 and 1430. Nothing related to technical indicators. I was in no way expecting such an immediate bounce after yesterday's sell-off. I'm so sad now even the worst long at 1430 could be closed at BE.

Yes, beeb... those conspiracy theorists may be right. I don't see the sense of something rising 2% one day, falling 2% on the next, then rising 2% again on the next. It's a joke...

Someone is asking about the NFP numbers. Well... it was one of the best results in the last years, but see what happened to the stocks (DEEP RED!)... oil is up, gold and silver too... Try to make sense of it.
"The reason I was born and came into the world is to testify to the truth."
  • #3,284
  • Mar 4, 2011 11:35am Mar 4, 2011 11:35am
harvest - that's what i've been saying for the last couple of days - nfp reactions make no sense lol
  • #3,285
  • Mar 4, 2011 11:40am Mar 4, 2011 11:40am
GC 20 min still behaving lol
Attached Image (click to enlarge)
Click to Enlarge Name: gc20_001.png Size: 67 KB
  • #3,286
  • Mar 4, 2011 12:18pm Mar 4, 2011 12:18pm
The number was ok. But it is not good enough. that's why the USD didn't get much action out of it.

actual 192K
191K forecast.

Not a big deal. The unemployment rate was better, but again it's still very high and a skewed number at best, not accounting for part time workers, illegals, off the books workers. My personal unemployment number is 17%

Quoting beeb
harvest - that's what i've been saying for the last couple of days - nfp reactions make no sense lol
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,287
  • Mar 4, 2011 12:34pm Mar 4, 2011 12:34pm
Forgot to post this before.
This is the same chart as in the other two posts.

Look at how BEAUTIFULLY the 50 day SMA follows the bottom of the channel (GREEN ma)
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly Gold channel 3_4_11.GIF Size: 36 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,288
  • Mar 4, 2011 2:26pm Mar 4, 2011 2:26pm
Quoting harvest3r
I am happy you didn't kill yourself

When your SL was triggered, I added a long (8 oz @1411). I had longs at 1420 and 1430. Nothing related to technical indicators. I was in no way expecting such an immediate bounce after yesterday's sell-off. I'm so sad now even the worst long at 1430 could be closed at BE.

Yes, beeb... those conspiracy theorists may be right. I don't see the sense of something rising 2% one day, falling 2% on the next, then rising 2% again on the next. It's a joke...

Someone is asking about the NFP numbers. Well......
the only sense i see is that all currencys are in a fukked n stupid up n down caused by talks of obama, trichet n bernanke.
the fact is both european n usa economy economy are really bad.
so what best thing to buy something that goes up all the day or something similar?

if you look at gbp usd h1 chart, euro usd, eur jpy etc... then you see gold cahrt, oil chart n silver chart, the game is so clear
90% of traders use TA, indicators and prediction
  • #3,289
  • Mar 4, 2011 11:49pm Mar 4, 2011 11:49pm
Does anyone have a theory why gold moved sideways fron 1992 to 2004 and from that point on gold exploded upwards? Wasn't gold a safe hAven in that time, we also had alot of wars and global instability, what's changed?
  • #3,290
  • Mar 5, 2011 4:07am Mar 5, 2011 4:07am
I was so lucky not to be stopped on the position i entered on thursday. I put my stop below 10 as i felt it may act as support. this time it did.
Attached Image (click to enlarge)
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  • #3,291
  • Mar 5, 2011 4:56am Mar 5, 2011 4:56am
Quoting XTrade
Right there with you bro.

Brent Crude back around 115....

What do you guys think of this jobs number?

"The Problem Is Debt, Not Jobs"

despite better numbers usdx still , gold and silver climbed. thats why ı guess.



http://edegrootinsights.blogspot.com...-not-jobs.html


good weekend
  • #3,292
  • Mar 5, 2011 11:05am Mar 5, 2011 11:05am
Hey guys, another gold silver trader here.

I'm finding myself jumping back into positions after getting stopped or taking profit and seeing it continue to move up again, so at least my instincts are correct. I think that just shows the strength of XAU and XAG. We've already had the bigger correction in Jan, and now short and quick corrections are the pattern with resumption of the trend up. The slope is just getting steeper now.
  • #3,293
  • Mar 5, 2011 6:51pm Mar 5, 2011 6:51pm
that quarterly trend guid 26.28 area was here and gone quickly to start the year but I didnt think id be begging her to come back to 33.61 and 32.47 in the first full week of march.
bias is up from pivot, and will be watching how $36.50-$37.00 for possible scalp.

we done good this year, last feb. we were buying at $15-$16.
friends remember the good ole days of $25.00 oz. silver.
once we get to 15 to 1 ratio I'll be looking to swap for some gold.

silver
march monthly
37.03
32.47
27.91
weekly
36.47
33.61
30.75
  • #3,294
  • Mar 6, 2011 6:49pm Mar 6, 2011 6:49pm
Quoting musclemike
......... and from that point on gold exploded upwards?
There are always numerous reasons - why this and not that - but one simplistic reason why gold has advanced in the last few years is the wealth boom in China and India.

Chinese want to put their wealth into something else besides our crappy U.S. treasury bonds. And in India historically gold was given as wedding gifts etc so now the more wealth created the more gold given.

Another factor electronic goodies (pcs, smart phone, etc) with small amounts of gold inside can really add up with unit sales in the hundreds of millions.

But many other factors as well.
  • #3,295
  • Mar 6, 2011 9:31pm Mar 6, 2011 9:31pm
gold
day
1442
1423
1405
weekly
1450
1407
1364

taking note of silvers 36.47 area.
  • #3,296
  • Mar 6, 2011 10:36pm Mar 6, 2011 10:36pm
Hi all, silver has reached my much awaited 36.36 level. I advise short from here. TP1= 21.35 This would begin a MAJOR bear cycle on silver. Happy trading! Meshach
  • #3,297
  • Mar 7, 2011 12:16am Mar 7, 2011 12:16am
Quoting SunTrader
But many other factors as well.
As long as there is a plausible explanation for the golds high run in this last 5-7 yrs, it's good for me, i was trying to reassure myself that gold is "still" and will be, 30-40yrs from now, a good investment.
  • #3,298
  • Mar 7, 2011 12:33am Mar 7, 2011 12:33am
Anyone else believes (part in experience and part in technicals+fundamentals), that XAUUSD can probably reach 2,000 in the next 14-18 months?
The Black Swan: The Impact of the Highly Improbable
  • #3,299
  • Mar 7, 2011 12:37am Mar 7, 2011 12:37am
Quoting forexcompoun
Hi all, silver has reached my much awaited 36.36 level. I advise short from here. TP1= 21.35 This would begin a MAJOR bear cycle on silver. Happy trading! Meshach
What's your reasoning
  • #3,300
  • Mar 7, 2011 2:13am Mar 7, 2011 2:13am
Quoting forexcompoun
Hi all, silver has reached my much awaited 36.36 level. I advise short from here. TP1= 21.35 This would begin a MAJOR bear cycle on silver. Happy trading! Meshach

Hmm interesting, but before you temp a load of people to go short on this mega bull you better say why.
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