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

No idea, gonna pump & dump, targeting 32.00 first.

This is all based on unscheduled news, we've got a ton of scheduled news out this week as well..

I'm watching EUR/USD and the risk on instruments, this latest Greek thing is really bad and is looking like a bit of domino effect...

@ a possible r/s hourly here


might just bank this

I feel the same..
i didn't mean so much -vely

guys any expectations or analysis
about XAU & XAG ?

Thats what I was thinking....prob a drop to 1650 on that head and shoulders.

although.....prob just a retrace on the us open going on now.
9am cst some news coming in....will wait until 0910-0915 to see which way it wants to go.
I am just afraid the greek thing will start to effect us markets...in which case the usd would lose its attraction it has right now for safe haven....and gold will become the safe haven. In which case we may see a dramatic rise in gold n silver.

Who else thinks it is possible the MF Global mess will filter into gold?? Dow is taking a a hammering...

She is acting kind of weird, just now she has climbed back to 1700, i know she has her admirers

Going short 33.35

What's your target and reason for shorting? I'm underwater form 32.92

Back under 1700.

King-Solomon - that's not the first solid call you have made.

Are you working with a defined channel, S/R levels, or just a hunch?

Let us know!

Myself, I went with the prevailing view that a head and shoulders is such a powerful bearish signal that sellers jumped on board.

I also expect price action to work within a bullish channel still. I wasn't sure what the break through the top of the range meant last week, but I just see this as a speculative jump now.

Unlike many hopeful bear bulls (hoping for a big drop so they can load up), I think the parameters of this range are still in tact, with just slight boost on the top end of the channel.

I don't expect the drop to 1300 (just yet), but I will wait patiently once we reach the low to mid 1600s again and will not make any decisions lightly.

It seems to me thus far, and this can obviously change, that the big boys are switching between usd and gold, but keeping the upward pressure on gold.

Others with more experience disagree and are arguing that we have seen the peak. The bearish trend has begun according to some. I'm not sure this is the case. Smart money is making lots of cash from mining companies and even just spot speculation. Not sure why they'd want to crash gold at this stage. It would end a party that has just begun. So rare do bubbles form with so many participants eyes wide open. That said - NO ONE bloody well knows. We are all speculating, like it or not.

I think according to my analysis EUR will continue the downtrend, AU and AG will form a double bottom these days and go up...

This is quite good:

http://www.thedailymash.co.uk/news/i...-201111014490/

Please explain the above article in easy words

You have to read it - sorry...

Its ok, i'll try later, English isn't my first language, horse gifted by Europeans to the Greeks, and then people coming out of horse, what the ?? i can understand it is a sarcastic piece, but couldn't get it, sorry.

Oh sorry - British humour. There is a saying to "look a gifthorse in the mouth" which means to be ungrateful about a gift you are given.

This article is using that and the trojan horse story to make a joke out of the refurendum thing.

That Kitko forum really is golden (anyone see what i did there?)

https://www.kitcomm.com/forumdisplay.php?f=7

Thanks for explaining ddinov, now i get it, almost

Is it a good time to buy? i feel she'll be up again tomorrow! (which can be Totally wrong)