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

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Gotta run.

be careful.

10604 is MS1 on DJI so very likely to be tested. If can't hold, can go to MS2 @ 9600. Not today and not in one session, but the DJI W1 price structure looking very weak right now.

I will go buy at 1750.You guys? Seem to be turning on to the bulls run.

That is old news. She just posted that today but it is from months back.

Not a single H4 green candle since yesterday. Now where exactly do you see the bulls then? Me thinks gold bulls are taking a good hiding right now and are slaughtered by the dollar bulls.

Here are the bulls, as I see them now.

http://brotherpeacemaker.files.wordp...ghterhouse.jpg

Agree and think a 2nd round of selling is on the horizon - possibly later today or maybe early next week.

In for a little scalp at 1740.95

figure it should ride up to 1754 support level 3.

Watching carefully though....Daily chart says it could fall to 1700

hopefully we have seen the bottom and it is turning bullish going forward

I am guessing it will find some resistance and bounce back down a bit as it hits 1750

only shorts now. Not a single green H4 candle. BRENT melting down. Are you kidding me?

does anyone have any comment about this level of support?

here's a green h4 candle.

cant be too sure though.

btw, USDX is at resistance level, eu pair is holding up for pullback from downtrend aka bulls.
demand levells are showing up everywhere, correlation is really helpful now. but what do you think ruffy?

First target was met @ 37 and now expecting 33 soon time on silver.

The H4 never closed really, got an hour to go still.

you are really doing great work effort.

what does this got to do with XAU ?

Da bulls are not lost. I'm out of the market after Go Markets made a good faith gesture to fix my frustrating price feed freeze and ignored order execution. Interesting when the "big" boys take it down like this (falling like rain, while the upside is more often a push-pull movement).

Even if we head back to 1700 or 1650, the upside will eventually prevail.

They're just scaring and squeezing the little guys.

I've said it before - but technical analysis is all but worthless in a manipulated market.

I refuse to belief one analyst who thinks gold could fall to $1000, in line with apparent production costs (never mind the fact that gold mines are lucky to find 3 grams per tonne in a new discovery these days). I see this as wishful thinking, but take it as a warning sign that buying is risky business for now.

Do you guys really think the major counter parties (aka- banks and major institutional funds) want a bunch of small fries taking away from their massive piles of money?

We're in for a rough ride.

I hate having to wait, but waiting until November 21st might be my smartest move re: gold/silver trading. I want to finally have access to who's moving what in this market.

They are tearing down silver simultaneously and this begs the question why. They are not the same metal and certainly both have significant differences from all of the other commodities that are likewise taking a hammering.

In the meantime, while it makes sense that bonds were the market to play, it doesn't make sense that prices would get HAMMERED downward. A coordinated commodity short seems plausible here. This is more than someone moving money into other asset classes, this is an active short.

Gold is in contango, but silver remains in backwardation. It should still be bullish from here, but we are playing in a sandbox where the bully makes up new rules along the way.

Markets go, markets go down. And conspiracies go round and round.

And sheep say baaaa.

Naked shorts on silver and backwardation are not a conspiracy, ST. Look it up.

That prices go down is not in question here.

Let's review USDX W1 chart to see what's up in store soon.

I think this week's close is very important. Depending on this, we either make it or break it. Also I figure before taking on 90, we need to test and crack above 83 on USDX.

Anyhow here's the chart, for what's it worth.

http://img29.imageshack.us/img29/222...w122092011.png

And if Gold continued on its merry way higher there would have been silence. Well other than those who are long.

Once it turned lower then something "fishy" must be going on.

Wall Street is not one trader, not one company not even one street anymore. Wall Street is now just a metaphor for the World Wide Trading Community.

And in this community there are just as many who want things to go north and as well as south. Some of us have to learned to live with this fact, some haven't.

Wow, that month does not contribute to any post here.

I think today was more drastic for crude oil than for the gold, you see, the higher the correction, the greater the bull rush. More money for people who use lots smaller proportion of their capital. And an ulcer for anyone who plays with lots of 10 to 1.

On the Chart, it was expected, 1780 has not support, gold can go back to their old channel below 1680 or even continue a slight lateral move to another definition, taking 1720 as a backdrop.

I personally prefer to wait and see what happens before I place, but if you get in a position now would be a small lot, stopping to 1670, with a view to something beyond 1900 ...

Logico all this is just my opinions.