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

  • #6,061
  • May 8, 2011 3:36pm May 8, 2011 3:36pm
Quoting PhAnTi'
...... show me one guy who predicted a 33 % drop on silver within 5 days
I was talking about gold but even for silver, everybody was talking about a "bubble". We all know that smart ones got out of it before it was too late.

33 %, 56 % or whatever does not matter. Last week was a proof these technical numbers could NOT describe everything. The point was a correction was coming and super-excited people should have been careful. But, hey there will always be newbies!
  • #6,062
  • May 8, 2011 4:31pm May 8, 2011 4:31pm
Quoting XTrade
It get's old doesn't it?
Yep. The good news is once the metals continue the up trend the trolls will disappear.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #6,063
  • May 8, 2011 4:33pm May 8, 2011 4:33pm
Quoting Fmfx
I was talking about gold but even for silver, everybody was talking about a "bubble". We all know that smart ones got out of it before it was too late.
You're an idiot if you think the metals were in a bubble and has now burst.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #6,064
  • May 8, 2011 5:07pm May 8, 2011 5:07pm
Quoting LasVahGoose
Yep. The good news is once the metals continue the up trend the trolls will disappear.
Haha, no, they are adding to their longs I am afraid...
  • #6,065
  • May 8, 2011 5:09pm May 8, 2011 5:09pm
Quoting LasVahGoose
You're an idiot if you think the metals were in a bubble and has now burst.
I am not, sorry but YOU may very will be if you think the commodity prices go only up! $100 correction in gold and $17 in silver in a couple of days. Call them what you want. I shorted Gold while you were calling people names and now I am BUYING gold $100 cheaper. I do not care about top or bottom. I sell at higher prices and buy at lower ones.

Good luck with you one-way strategy dude.
  • #6,066
  • May 8, 2011 5:21pm May 8, 2011 5:21pm
still too shy to add another long to silver.

I'll look to add a long if we reach $34 again.

waiting for gold to break 1500 before adding longs there too.

Mitch
  • #6,067
  • May 8, 2011 5:25pm May 8, 2011 5:25pm
I also have a question im hoping one of you can help me with, where are you finding the announcements re: margin increases? I had a quick search through CME website and didn't find much.

If there is a direct link to publications and announcements?

Thanks guys

Mitch
  • #6,068
  • May 8, 2011 6:38pm May 8, 2011 6:38pm
Quoting Mitchoss
I also have a question im hoping one of you can help me with, where are you finding the announcements re: margin increases? I had a quick search through CME website and didn't find much.

If there is a direct link to publications and announcements?

Thanks guys

Mitch
Take a look at the advisory notices. In addition, be aware that there is yet another hike in place for tomorrow, however, this one was announced with slightly more notice than the others (on the same notice as last Thursday's hike). So, whether or not this one will have the same impact as the others we will have to wait and see. It's possible that some people got out during Thursday's bloodbath.
  • #6,069
  • May 8, 2011 6:43pm May 8, 2011 6:43pm
Thanks Blue,

Is the announcement usually at a given time? or random

Quoting Bluemeanie
Take a look at the advisory notices. In addition, be aware that there is yet another hike in place for tomorrow, however, this one was announced with slightly more notice than the others (on the same notice as last Thursday's hike). So, whether or not this one will have the same impact as the others we will have to wait and see. It's possible that some people got out during Thursday's bloodbath.
  • #6,070
  • May 8, 2011 7:13pm May 8, 2011 7:13pm
Quoting Mitchoss
Thanks Blue,

Is the announcement usually at a given time? or random
I think they are sent out around about 5pm EST but I'd continue to check both prior and after just in case.
  • #6,071
  • Edited 10:00pm May 8, 2011 9:42pm | Edited 10:00pm
Quoting PhAnTi'
...... show me one guy who predicted a 33 % drop on silver within 5 days
I have to agree that speed was amazing, ya got to hand it to the banks their working like hell trying to square their books. They new they had to give room to run up and being short all the way, and hit hard with their shorts all the way down.
The only thing was we had their playbbook and the play, didnt antcipate that speed though.
Also, a heads up for mm in the future just in case one was to get caught on the wrong side, gotta be able to pull oneself out.
mon. silver
41.49
38.78
32.25
with eye on 36.87 response.
mon.gold
1538
1509
1458
with eye on 1498 response
  • #6,072
  • May 8, 2011 10:47pm May 8, 2011 10:47pm
gold and silver appear to be creeping higher ever so quietly
  • #6,073
  • May 8, 2011 11:53pm May 8, 2011 11:53pm
Quoting Mitchoss
gold and silver appear to be creeping higher ever so quietly
Yeah!!! It seems our good ol' uptrend is back!

Glad I began reloading in $1465 ish...
  • #6,074
  • May 9, 2011 12:18am May 9, 2011 12:18am
Quoting Fmfx
Yeah!!! It seems our good ol' uptrend is back!

Glad I began reloading in $1465 ish...
I hate it that gold's going up that means the dollar is going down but I just love the money it's raking in for me lol. This is such a bitter sweet moment
  • #6,075
  • May 9, 2011 1:01am May 9, 2011 1:01am
is there any way that i can get offline indicator crossover alerts (like 10 ema X 20 ema crossover) on 15 min and 60 min timeframe on email or SMS (in India) for spot gold and silver market
  • #6,076
  • May 9, 2011 1:04am May 9, 2011 1:04am
Quoting premiumpip
I hate it that gold's going up that means the dollar is going down but I just love the money it's raking in for me lol. This is such a bitter sweet moment
I know what you mean but you can short USD and take profit when it goes down as well!

Shorting is also an option and part of trading
  • #6,077
  • Edited 2:34am May 9, 2011 1:51am | Edited 2:34am
Quoting fontu
After the last long hit sl avoided trading this & concentrated only eu shorts with huge candle down .

breaks 1476.30 confirmed further down & from lower tf it seems more to go down also . though 1528.60 limit for a smaller retracement before down but probable failing at 1488.50 up & continue towards next limits 1447.51 and or 1444.76 . I think this enough for wave a down for a 4th wave .Up b & retest as c down & if not stop & breaks those cardinal levels then a disaster further possible as end one 5th to down towards 1226.26 to 1005.40 gate open...
update , just watching . probable failing at 1488.50 up not happened in the minor retracement presently & till 1528 not broken scalping can be an option for short at any high ,exact eu below 1.4456 , looking for it at some more highs 1508 + if try scalping .
The probabilities : http://www.forexfactory.com/showpost...stcount=437904

silver seems so also , retracement towards 42.34 -44.60 before further continuation or at any level .
lets see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 10 KB
Click to Enlarge Name: eu1.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #6,078
  • May 9, 2011 2:48am May 9, 2011 2:48am
$36.6 and $1507,

waiting for break north before entering long
  • #6,079
  • May 9, 2011 3:18am May 9, 2011 3:18am
whoever wants to cash out XAUUSD this week, 1508-1511 area as a reversal area with supp becoming resistance is the last chance for a decent R/R trade with TP around 1440 area. take care and manage your exposure wisely.
  • #6,080
  • May 9, 2011 3:21am May 9, 2011 3:21am
Quoting ruffryders
whoever wants to cash out XAUUSD this week, 1508-1511 area as a reversal area with supp becoming resistance is the last chance for a decent R/R trade with TP around 1440 area. take care and manage your exposure wisely.

thanks for the post but I wish you'd say why...it would save so much time..

thanks

beeb
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