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

  • #11,741
  • Oct 6, 2011 9:10am Oct 6, 2011 9:10am
Quoting SunTrader
The supply and demand figures that really matter are buying and selling of traded/not produced Gold. It is the traded price that determines the produced price.

For an uptrend rising volume on up days and declining volume on down days is needed - vice versa for a downtrend.

Well after hitting double top in Mid Aug/Early Sept we have had increasing volume on down days and declining volume on up days ....... so until that flips around supply and demand is saying further downside.
valuable information I have not considered previously....thxs suntrader
Life's a bitch....so be a dog and cover it!
  • #11,742
  • Oct 6, 2011 9:17am Oct 6, 2011 9:17am
Quoting forexfacts
well, studying is not bad, please read this post of mine which i posted a few hours back:
Good luck if you can determine longterm demand in the future based on the past.

Longterm being beyond the next few days or weeks.
  • #11,743
  • Oct 6, 2011 9:29am Oct 6, 2011 9:29am
Quoting SunTrader
Good luck if you can determine longterm demand in the future based on the past.

Longterm being beyond the next few days or weeks.
Thank you Sir for the wishes, lets see what happens next, i have never traded or invested before but i have been looking at gold and silver prices regularly since 2004, this time i have gathered some courage, lets see
  • #11,744
  • Edited 9:47am Oct 6, 2011 9:35am | Edited 9:47am
I htink we might be heading up..

based on silver that is..
Anything can happen.
  • #11,745
  • Oct 6, 2011 10:06am Oct 6, 2011 10:06am
I believe that we are at the finale stages of wave 4

http://marketvibs.blogspot.com/

Quartz
  • #11,746
  • Oct 6, 2011 10:15am Oct 6, 2011 10:15am
Scenarion of going to 1500...
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  • #11,747
  • Oct 6, 2011 12:18pm Oct 6, 2011 12:18pm
I wonder if this is a breakout on silver and if so how far it has to run.. I might not be so bearish on silver anymore
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Anything can happen.
  • #11,748
  • Oct 6, 2011 12:28pm Oct 6, 2011 12:28pm
Quoting Doncex
Silence before the storm, I hope that bulls will still be
told ya,bull is back
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  • #11,749
  • Oct 6, 2011 12:39pm Oct 6, 2011 12:39pm
Quoting Doncex
told ya,bull is back
Depends on the timeframe. From the look of your chart waves are overlapping. Says consolidation. Doesn't mean it won't break higher - or lower for that matter.

Just hasn't shown direction yet in my opinion.
  • #11,750
  • Oct 6, 2011 12:56pm Oct 6, 2011 12:56pm
Quoting SunTrader
Depends on the timeframe. From the look of your chart waves are overlapping. Says consolidation. Doesn't mean it won't break higher - or lower for that matter.

Just hasn't shown direction yet in my opinion.
Let the market decide

my opinion in pic
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  • #11,751
  • Oct 6, 2011 1:19pm Oct 6, 2011 1:19pm
Quoting XTrade
Finally starting to get better, had a nasty virus of some sort with 140 deg or 40 deg celcius temp.

Hope you all are doing well.

Still in a pretty tight range. If 1600 Goes look south for a quick 20 to 50

1667 goes Id look for 1700++

X
Hey X Hope you get well soon
  • #11,752
  • Oct 6, 2011 1:27pm Oct 6, 2011 1:27pm
Hey guyz,
Today was the most range bound day in quite some time now no real movement .Tho i was slightly bullish but with this action i am assuming bulls and bears both are equally powered right now so any positive or negative news can decide the outcome. ( kind of a dangerous situation )

For silver its been a great day up 5%.

I have closed my longs both gold and silver, will wait for a clear direction.
  • #11,753
  • Oct 6, 2011 1:33pm Oct 6, 2011 1:33pm
Price still working very well in this channel .

Initially it needs to break 1658 for bulls and 1634 for bears to make way .So stoplosses should be above or below these levels
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  • #11,754
  • Oct 6, 2011 3:58pm Oct 6, 2011 3:58pm
i want it to go down so i can buy big with confidence

im not understanding very well whats going on

unemployment data is better than expected and gold raises , i dont get it
  • #11,755
  • Oct 6, 2011 4:01pm Oct 6, 2011 4:01pm
Quoting GoldenDude
i want it to go down so i can buy big with confidence

im not understanding very well whats going on

unemployment data is better than expected and gold raises , i dont get it
Im also waiting for a low to buy. It look to me that gold will drop and may test 1600 again. Will see there before buying.
  • #11,756
  • Oct 6, 2011 4:16pm Oct 6, 2011 4:16pm
This guy's calling for a comeback (shock), and says gold fundies are more bullish than when he first invested years ago.

For an "alternative" look at the supply and demand factors in the gold market, check this out:

http://sprott.com/Docs/MediaCoverage...view-small.pdf

At this stage, I do not believe Sprott is a fraud. He makes public his massive holding of physical silver, and now somewhat reduced quantity of gold.

If these markets tank and he absconds after shorting the market, he'll have some angry investors to contend with. I personally think he believes in what he is saying, whether right or not.
  • #11,757
  • Oct 6, 2011 7:01pm Oct 6, 2011 7:01pm
Quoting Wheels
This guy's calling for a comeback (shock), and says gold fundies are more bullish than when he first invested years ago.

For an "alternative" look at the supply and demand factors in the gold market, check this out:

http://sprott.com/Docs/MediaCoverage...view-small.pdf

At this stage, I do not believe Sprott is a fraud. He makes public his massive holding of physical silver, and now somewhat reduced quantity of gold.

If these markets tank and he absconds after shorting the market, he'll have some angry investors to contend...
OK. How about this one.
Inserted Video

Third Party saying that Charles Munger (Warren Buffet's Right Hand) Thinks you are a fool if you are Buying Gold.

Pretty Strong Words from such an influence. "Stop Buying He Said"
Problem:
I remember gleaning pips from Silver Futures back in '04- '05 when it was Trading around the 7.00 handle.
Late '05, Buffet comes out and says HE has been accumulating Silver for 'Some Time'. What happens?
Silver Doubles in Price over the next 6 Months with Buffet Liquidating All The Way.

If Berkshire Hathaway is spin doctoring "Stop Buying Gold" it's because he wants to get his hands on some more Cheap Gold.

In through the Out door...

B
  • #11,758
  • Oct 6, 2011 7:14pm Oct 6, 2011 7:14pm
  • #11,759
  • Oct 6, 2011 7:20pm Oct 6, 2011 7:20pm
Quoting SunTrader
Glad you find it humourous.
  • #11,760
  • Oct 6, 2011 7:28pm Oct 6, 2011 7:28pm
Quoting SunTrader
Feel like sharing? spreading the love ?
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