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

  • #14,221
  • Dec 13, 2011 3:25am Dec 13, 2011 3:25am
Out with a small loss, from my last stack. Okay, as I sticked to my plan.
Will watch from the side lines for some time to make up my mind as to where is this beast headed.
Patience is magic
  • #14,222
  • Dec 13, 2011 3:25am Dec 13, 2011 3:25am
Don't worry, a volcano is in the making, just let it come down to $1600 - 1590.
I doubt we can wait for $1400, but then again, who knows ?
  • #14,223
  • Dec 13, 2011 3:50am Dec 13, 2011 3:50am
Quoting cottoncandy
not at all
why?
  • #14,224
  • Dec 13, 2011 4:05am Dec 13, 2011 4:05am
Quoting muntu ntu
Out with a small loss, from my last stack. Okay, as I sticked to my plan.
Will watch from the side lines for some time to make up my mind as to where is this beast headed.
wow, i am about to jump in big time
just waiting for some data in 2.5 hours and then the FOMC statement in 9 hours
difference of opinions i guess
  • #14,225
  • Dec 13, 2011 4:09am Dec 13, 2011 4:09am
Quoting Ravissek
why?
i bought it yesterday, bad timing.
  • #14,226
  • Dec 13, 2011 4:18am Dec 13, 2011 4:18am
Quoting cottoncandy
i bought it yesterday, bad timing.
you can only say today that buying it yesterday is bad timing if you go for short time

but long time for people like me , could have been great timing
maybe tonight it skyrockets

my fundamentals however say:
1. Banks trying to get liquidity (in the euro zone they are required now to get more capital) so they sell (including gold)
2. USD strength (USD index): Big markets like India have their currencies (ie rupee) very weak vs USD at the moment, so they are selling gold (gold price goes down for this and also because USD is strong)
3. Maybe QE3 is coming tonight and we have big players moving the price down before the big hit
  • #14,227
  • Dec 13, 2011 4:40am Dec 13, 2011 4:40am
what is oe3 and big hit?
Quoting GoldenDude
you can only say today that buying it yesterday is bad timing if you go for short time

but long time for people like me , could have been great timing
maybe tonight it skyrockets

my fundamentals however say:
1. Banks trying to get liquidity (in the euro zone they are required now to get more capital) so they sell (including gold)
2. USD strength (USD index): Big markets like India have their currencies (ie rupee) very weak vs USD at the moment, so they are selling gold (gold price goes down for this and also because USD is strong)
3. Maybe QE3...
  • #14,228
  • Dec 13, 2011 4:46am Dec 13, 2011 4:46am
Quoting stevebalmmer
what is oe3 and big hit?
Quantitative easing three (QE3)... Money printing, third time round to stimulate the economy... devaluing of one's currency.

The big bit - monster move up
  • #14,229
  • Dec 13, 2011 4:47am Dec 13, 2011 4:47am
Sorry mate, can't see the difference between me watching from the side lines for the time being and you waiting the Fomc ?

Quoting GoldenDude
wow, i am about to jump in big time
just waiting for some data in 2.5 hours and then the FOMC statement in 9 hours
difference of opinions i guess
Patience is magic
  • #14,230
  • Dec 13, 2011 4:48am Dec 13, 2011 4:48am
ok, and then i look, what make the Gold Price.
Quoting benjamf13
Quantitative easing three (QE3)... Money printing, third time round to stimulate the economy... devaluing of one's currency.
  • #14,231
  • Dec 13, 2011 5:04am Dec 13, 2011 5:04am
Quoting muntu ntu
Sorry mate, can't see the difference between me watching from the side lines for the time being and you waiting the Fomc ?
well, im very likely to jump in today or tomorrow, even if no hint for QE tonight
anyway it is just my opinion and I can be wrong as easy as anybody else
what im saying is that i wouldnt have sold today at 1660
  • #14,232
  • Dec 13, 2011 5:04am Dec 13, 2011 5:04am
Quoting benjamf13
Quantitative easing three (QE3)... Money printing, third time round to stimulate the economy... devaluing of one's currency.

The big bit - monster move up
exactly
  • #14,233
  • Dec 13, 2011 5:22am Dec 13, 2011 5:22am
qe3 will be soon?
  • #14,234
  • Dec 13, 2011 5:26am Dec 13, 2011 5:26am
Quoting Ravissek
qe3 will be soon?
to be honest I dont think so but you can never be sure, so i will keep watching
  • #14,235
  • Dec 13, 2011 5:33am Dec 13, 2011 5:33am
Quoting cottoncandy
i bought it yesterday, bad timing.
Anytime recently would have been bad timing - to buy.
  • #14,236
  • Dec 13, 2011 5:38am Dec 13, 2011 5:38am
i wait at short, think this is a good time?

Quoting SunTrader
Anytime recently would have been bad timing - to buy.
  • #14,237
  • Dec 13, 2011 5:38am Dec 13, 2011 5:38am
Quoting SunTrader
Anytime recently would have been bad timing - to buy.
1655 was good to buy.
But yes Last weeks not good to buy
  • #14,238
  • Dec 13, 2011 5:39am Dec 13, 2011 5:39am
Quoting SunTrader
Anytime recently would have been bad timing - to buy.
I bought the physical shiny stuff today. I was pretty happy with that
  • #14,239
  • Dec 13, 2011 5:40am Dec 13, 2011 5:40am
only +6 pips today (long).

is that bad ?
  • #14,240
  • Dec 13, 2011 5:41am Dec 13, 2011 5:41am
we could be looking at a downmove now...?
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