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

  • #5,381
  • Apr 27, 2011 2:01pm Apr 27, 2011 2:01pm
Quoting Pratik
Does that mean we may expect gold, Silver to cool down..?
Not until QE2 is totally over. When the FED says "commodity prices raise is temporary", they are trying to say that the inflation came out of nothing and will disappear by itself. They don't accept the fact that QE2 created a strong speculation wave => inflation.

No QE3? This is what he is saying now. If US becomes unable to sell its bonds in the market (due to the downgrade and the high debt), the FED could buy them itself - that would be a kind of QE3.
"The reason I was born and came into the world is to testify to the truth."
  • #5,382
  • Apr 27, 2011 2:01pm Apr 27, 2011 2:01pm
This is BORING and a bunch of VAGUE answered BULLS#!T'

Translation - Unenmployment High - Things are not going as well as we thought.
We "don't know how long because it may depend on"

Inflation is something we want to try to use monetary policy to keep in control.

NO there is NOTHING the FED can directly do to create jobs.

- XTRade

We are " DIGGING OURSELVES OUT OF A BIG HOLE"

"GAS PRICES ARE A DOUBLE WHAMMY"

- ben bernanke
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,383
  • Apr 27, 2011 2:07pm Apr 27, 2011 2:07pm
Another record high for gold!
The Black Swan: The Impact of the Highly Improbable
  • #5,384
  • Apr 27, 2011 2:08pm Apr 27, 2011 2:08pm
Quoting XTrade
This is BORING and a bunch of VAGUE answered BULLS#!T'

Translation - Unenmployment High - Things are not going as well as we thought.
We "don't know how long because it may depend on"

Inflation is something we want to try to use monetary policy to keep in control.

NO there is NOTHING the FED can directly do to create jobs.

- XTRade

We are " DIGGING OURSELVES OUT OF A BIG HOLE"

"GAS PRICES ARE A DOUBLE WHAMMY"

- ben bernanke
That was good & the market now easily takes its own way bull .

http://www.forexfactory.com/showpost...stcount=429910

and journey by plane towards 1618 for gold.
well done bernanke!!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,385
  • Apr 27, 2011 2:13pm Apr 27, 2011 2:13pm
zzzzzzzzzzzzzzzzzzzzz....zzzzzzzzzzzzzzzz
  • #5,386
  • Apr 27, 2011 2:22pm Apr 27, 2011 2:22pm
Quoting Fmfx
A BIG profit-taking is coming guys... be CAREFUL
Quoting Fmfx
But QE ending is DEFINITE now
What are you TALKING ABOUT?????

THat was not said at ALL.

And why should there be a "big profit taking"

Why not at 1500? We are 20 bucks higher.
Profit taking and corrections happen. The two are different. Nevertheless I have not idea what you are talking about.

Please elaborate...............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,387
  • Apr 27, 2011 2:24pm Apr 27, 2011 2:24pm
Quoting XTrade
What are you TALKING ABOUT?????

THat was not said at ALL.

And why should there be a "big profit taking"

Why not at 1500? We are 20 bucks higher.
Profit taking and corrections happen. The two are different. Nevertheless I have not idea what you are talking about.

Please elaborate...............
I think he did mention about QE2 ending in June...
  • #5,388
  • Apr 27, 2011 2:38pm Apr 27, 2011 2:38pm
Gold has broken out of my fork / channel and is testing the top (2nd extension top line)

Let's see if it takes it out.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,389
  • Apr 27, 2011 2:38pm Apr 27, 2011 2:38pm
Hope all the bears had there fun.
Nick
  • #5,390
  • Apr 27, 2011 2:41pm Apr 27, 2011 2:41pm
Quote
XAUUSD charts combined with EURUSD and Oil futures are telling one story: get in long while there is still an open window.

XAU USD Id say is a safe buy once it's at 1499-1500, then add at 1506 and 1511 for a target of at least 1530 and possibly 1540

Just a quick update on the post i made 8 hrs ago, PA is tanking ahead as expected on XAU USD, hopefully everyone is making a decent killing today.
XAU USD latest bid is above 1528 on my Dukas platform here.
  • #5,391
  • Apr 27, 2011 2:45pm Apr 27, 2011 2:45pm
btw, FYI, the fun isn't over yet for the bulls, since the quarterly resistance is this:


1534
1587

still much more upside available on XAU USD.
  • #5,392
  • Apr 27, 2011 2:45pm Apr 27, 2011 2:45pm
Gold breaking all barriers... What is the next target guys...?
  • #5,393
  • Apr 27, 2011 2:48pm Apr 27, 2011 2:48pm
Those are the four targets I maintain on XAU USD, FYI.


1524.41
1531.83
1541.00
1554.54
  • #5,394
  • Apr 27, 2011 2:52pm Apr 27, 2011 2:52pm
Quoting Pratik
I think he did mention about QE2 ending in June...
Yes, and he said at this point the benefits of another is less desirable like it was before QE 1 and 2...

I actually liked his points. There will be an interesting next few months specially for stock markets and to less extent for commodities.

And do not forget, most big things happen when the least number of people would expect it
  • #5,395
  • Apr 27, 2011 2:54pm Apr 27, 2011 2:54pm
Quoting 555ngone
Hope all the bears had there fun.
I hope so too. There were some good opportunities a few days ago and in upcoming days
  • #5,396
  • Apr 27, 2011 3:02pm Apr 27, 2011 3:02pm
Quoting Pratik
Gold breaking all barriers... What is the next target guys...?

6000 - 10000 over several years.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,397
  • Apr 27, 2011 3:10pm Apr 27, 2011 3:10pm
to get the discussion back on track here's a quick XAUUSD 1440 analysis, upside targets are clear now.

http://img824.imageshack.us/img824/1361/xauusd1440.png
  • #5,398
  • Apr 27, 2011 3:15pm Apr 27, 2011 3:15pm
Pretty tight, you should open those up a bit for some bigger profits.

We are in a RAGING bull, why limit yourself?

Since I always post charts, I am not one to name how well my trades are doing, yet now I have several positions with 100 USD moves on them


Quoting ruffryders
Those are the four targets I maintain on XAU USD, FYI.


1524.41
1531.83
1541.00
1554.54
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,399
  • Apr 27, 2011 3:16pm Apr 27, 2011 3:16pm
ruffryders

sorry you're going to have to explain that chart - I don't have a clue what it means.....

beeb
  • #5,400
  • Apr 27, 2011 3:16pm Apr 27, 2011 3:16pm
Notice how NOT ONCE did bernkake mention GOLD..



He probably watches it like a Hawk.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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