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

  • #5,121
  • Apr 25, 2011 3:05am Apr 25, 2011 3:05am
Quoting six gun
There is still a gap in the Dow Jones from the stock market crash. Gaps do not always fill. I would not hold your breath.

The higher prices were recognised on zerohedge.com before our platforms kicked off.

There is a gap because the market is so hot the Gnomes were trading in the dark when we had all gone to sleep at the weekend. It is on their charts even if there is a gap on ours.
Right but if there is chances it back again , not over yet , 1533 or around not so far , cretical areas & so will wait all turmoils be over -not an investor this time as trader not wait for any shock , we run for safety too early !
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,122
  • Apr 25, 2011 3:13am Apr 25, 2011 3:13am
Quoting fontu
Right but if there is chances it back again , not over yet , 1533 or around not so far , cretical areas & so will wait all turmoils be over -not an investor this time as trader not wait for any shock , we run for safety too early !
fontu
I am hoping it does filled the gap. It will give an opportunity to get in at lower prices.

From my experience gaps close because a lot of people trade these gap filing methods. There is an expectation they were close and it is self prophesying but there is absolutely no practical reason for a gap to close.

The trading went on whilst we were not there or the news is such that the opening prices are just higher/lower than the close.
  • #5,123
  • Edited 4:09am Apr 25, 2011 3:51am | Edited 4:09am
Quoting six gun
I am hoping it does filled the gap. It will give an opportunity to get in at lower prices.

From my experience gaps close because a lot of people trade these gap filing methods. There is an expectation they were close and it is self prophesying but there is absolutely no practical reason for a gap to close.

The trading went on whilst we were not there or the news is such that the opening prices are just higher/lower than the close.
yeah , not going for simply a gap filling but as per analysis it likely fill soon or latter and again as I do not expect much retracement be allowed & so only this gap should fill , retracement need more to fall .

following usdx development in regard , still in development & want see the consequences to decide next , in a smaller tf & so may not work as per , breaks & hold 73.91 for a new low , gold /silver new high or failure to continue a good retracement for all .anyway market never like a diamond like swing to allow active , can change to less lethal expanding triangle in this case .
lets see .
fontu

update , usdx no more developing as diamond swing , the latter option of less lethal expanding triangle & hence the outcome can be same , new low or at least a double bottom , gold likely continue up as 5th extention as feared towards 1532 .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,124
  • Apr 25, 2011 4:02am Apr 25, 2011 4:02am
Quoting Subdude

Oh, and btw - most of the trading in metals is done using non-physical instruments, i.e. futures/forwards/options.

Point of information - check out the London spot market.....

beeb
  • #5,125
  • Apr 25, 2011 4:23am Apr 25, 2011 4:23am
We just came back from a long weekend. It's still holiday in some countries today. I'm quite sure that the trading volume is quite thin, so it's difficult (and even dangerous) to take any conclusion based on the current situation. Does anyone have accurate volume information on gold/silver?

For instance, I had some short orders between 1506 and 1511 which were triggered at market open. It took HALF AN HOUR to have them processed! And I am not talking about big orders - some of them were only 4 oz. Luckily I had a huge slippage in my favour and got all of them opened at 1512 .
"The reason I was born and came into the world is to testify to the truth."
  • #5,126
  • Apr 25, 2011 5:04am Apr 25, 2011 5:04am
Quoting beeb
Point of information - check out the London spot market.....

beeb
When this gets wound up a bit more, I wonder if people will trust the options/futures and other waste paper systems.
If will be physical or nothing.

I have been reading where a premium is being paid not to take delivery of physical silver.

http://www.marketoracle.co.uk/Article26741.html

The only reason for this I can think of is there is not enough physical silver so people are being bought off. But this cannot go on indefinitely or even more than very temporarily. These are the actions of the desperate.

LMAO at this one

Inserted Video


"They are the Fed"
  • #5,127
  • Apr 25, 2011 5:11am Apr 25, 2011 5:11am
hey guyz why is silver moving so slow .why r volumes so shrinked.wht should we expect from silver moving in the day thx all
MMMYYYKKK
  • #5,128
  • Apr 25, 2011 6:34am Apr 25, 2011 6:34am
Quoting myk
hey guyz why is silver moving so slow .why r volumes so shrinked.wht should we expect from silver moving in the day thx all

Ancient Proverb: He who reads thread first and asks questions later earns respect........




beeb
  • #5,129
  • Apr 25, 2011 6:42am Apr 25, 2011 6:42am
Quoting beeb
Ancient Proverb: He who reads thread first and asks questions later earns respect........




beeb
I hav read it all i know its bank holiday in most of eu. but still it seemz dead till now
MMMYYYKKK
  • #5,130
  • Apr 25, 2011 7:01am Apr 25, 2011 7:01am
Just added long position at 48$.... she needs to break through 50$ before the real retrace can begin.
  • #5,131
  • Apr 25, 2011 7:07am Apr 25, 2011 7:07am
Quoting myk
I hav read it all i know its bank holiday in most of eu. but still it seemz dead till now

Good, so you know that the bulk of precious metals trading takes place in London (Closed). Does this tell you something about volume?

beeb
  • #5,132
  • Apr 25, 2011 7:09am Apr 25, 2011 7:09am
beeb,

quick question. if the bulk of metals trading is in londong than why is the action in new york. is it becasue it is easy to manipulate things there with lower volumes. thanks.
  • #5,133
  • Apr 25, 2011 7:11am Apr 25, 2011 7:11am
Quoting myk
hey guyz why is silver moving so slow .why r volumes so shrinked.wht should we expect from silver moving in the day thx all
What are you talking about?

Go to Vision Express or some other rapid optician.

Silver is flying up and down this chart like quick silver.

You clearly don't have money or any money to speak of in the market as your bank would be going up and down like a whore's drawers.
  • #5,134
  • Apr 25, 2011 7:15am Apr 25, 2011 7:15am
Quoting Nomi1
beeb,

quick question. if the bulk of metals trading is in londong than why is the action in new york. is it becasue it is easy to manipulate things there with lower volumes. thanks.

I don't understand what you mean - futures trading is based around the Comex whereas London trades spot....Suggest you google the LBMA.

beeb
  • #5,135
  • Apr 25, 2011 7:19am Apr 25, 2011 7:19am
Quoting GiorgioM
Just added long position at 48$.... she needs to break through 50$ before the real retrace can begin.
I said that at $40 and now look where we are.
  • #5,136
  • Apr 25, 2011 7:34am Apr 25, 2011 7:34am
Are u of the same opinion yet?
  • #5,137
  • Edited 8:09am Apr 25, 2011 7:41am | Edited 8:09am
Quoting harvest3r
We just came back from a long weekend. It's still holiday in some countries today. I'm quite sure that the trading volume is quite thin, so it's difficult (and even dangerous) to take any conclusion based on the current situation. Does anyone have accurate volume information on gold/silver?

For instance, I had some short orders between 1506 and 1511 which were triggered at market open. It took HALF AN HOUR to have them processed! And I am not talking about big orders - some of them were only 4 oz. Luckily I had a huge slippage in my favour and...
cant imagine shorting when she told you thur.and friday to go long as she stayed above her weekly highs (1501)

eyes open as daily breakout 47.56 area is tested.
and whats this 1513-15 going to do?

single digit
thats a brave statement eric
http://www.zerohedge.com/article/eri...-single-digits
  • #5,138
  • Apr 25, 2011 7:57am Apr 25, 2011 7:57am
can this be right, I see some red candles on the chart? Is my monitor faulty anyone?

Going to be an interesting week, some brave people going to start standing infront of the freight train.
  • #5,139
  • Apr 25, 2011 8:01am Apr 25, 2011 8:01am
leading those brave people will surely by JPM.
  • #5,140
  • Apr 25, 2011 8:08am Apr 25, 2011 8:08am
Just too many buyers now on the dips. You need a 10% down day to make people really shit their pants and start a sell off, for that you need the JPM, hedge funds all unloading at once.
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