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

  • #20,201
  • Aug 10, 2012 9:47am Aug 10, 2012 9:47am
Quoting XTrade
beeb when you have a chance, in reference to a statement you made the other day about "metals trading being more difficult and there is more to know" loosely quoted. Would you mind making a post on this topic?
.
Two words XTrade - "managed markets"

FWIW it would probably be better for those interested to do their own investigating as there is so much angst and so forth thrown up by such a concept...

beeb
  • #20,202
  • Aug 10, 2012 9:53am Aug 10, 2012 9:53am
What just happened to XAU/USD and XAG/USD???
  • #20,203
  • Aug 10, 2012 10:09am Aug 10, 2012 10:09am
True, we'll leave it be to the DYODDers and the 20K+ posts we have here already.

Quoting beeb
Two words XTrade - "managed markets"

FWIW it would probably be better for those interested to do their own investigating as there is so much angst and so forth thrown up by such a concept...

beeb
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,204
  • Aug 10, 2012 10:28am Aug 10, 2012 10:28am
My broker gave me trading levels on long position to target 1622+, it reached but I still don't know why!
  • #20,205
  • Aug 10, 2012 10:45am Aug 10, 2012 10:45am
Probably option gaming. But you won't seeing any mention of manipulation because the move was up, not down.

And as we know manipulation can only be one way.
  • #20,206
  • Aug 10, 2012 10:49am Aug 10, 2012 10:49am
Might also have to do with inflation fears with USDA cutting forecast again for corn crop.
  • #20,207
  • Aug 10, 2012 11:15am Aug 10, 2012 11:15am
What do you mean here please be more specific.

Your broker...................What>?

Quoting imanmoazzeni
My broker gave me trading levels on long position to target 1622+, it reached but I still don't know why!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,208
  • Aug 10, 2012 11:15am Aug 10, 2012 11:15am


Quoting SunTrader
Probably option gaming. But you won't seeing any mention of manipulation because the move was up, not down.

And as we know manipulation can only be one way.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,209
  • Aug 11, 2012 2:34am Aug 11, 2012 2:34am
Quoting XTrade
What do you mean here please be more specific.

Your broker...................What>?
I meant I did not get the reason why gold went up.

And because the broker I am using, sends trading signals every day and yesterday one was to take long position on gold with target of 1622+, I'm guessing there was a reason most probably technical behind it.
  • #20,210
  • Aug 11, 2012 3:15am Aug 11, 2012 3:15am
Here is a reason why:

http://www.bloomberg.com/news/2012-0...-stimulus.html
  • #20,211
  • Aug 12, 2012 12:11am Aug 12, 2012 12:11am
Quoting jaimini
thats nice live image
This was a nice bullish close with minimal pullback, lets see if next week she can take 25 then 1636 very important to stay above 1636.

For next week
http://www.kitco.com/kgs/goldsurvey_...h-survey71.jpg

Borrowed from Jim Wykoff @ kitcoo... Thanks Jim!
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,212
  • Aug 12, 2012 12:15am Aug 12, 2012 12:15am
Don't think that , that was the only reason for a rise, some are technical, some are just sheer order flow...


There are usually various reasons. Some not always visible to the plain eye without some good old fashioned web browsing /digging & reading reports...



Quoting musclemike
Here is a reason why:

http://www.bloomberg.com/news/2012-0...-stimulus.html
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,213
  • Aug 12, 2012 12:09pm Aug 12, 2012 12:09pm
Hey what do you know, Friday's volume wasn't like Thursday's - a multi-month low amount.

It was actually the highest for the week, but if you exclude the Mon-Thu period it would have been one of the lowest volume figures for the last few months.

So what did it accomplish. Get us right back to longterm resistance which I will be watching to see if any "good" volume comes in if it breaks this resistance. Otherwise I expect it won't sustain move higher.
  • #20,214
  • Aug 12, 2012 1:43pm Aug 12, 2012 1:43pm
Quoting SunTrader
Might also have to do with inflation fears with USDA cutting forecast again for corn crop.
SunTrader,

Even the most bullish of bulls know that the whole game is rigged.

I will agree with you that the move up was manipulation. Just like every move down. We know that essentially every price move is connected to underlying manipulation with technical and fundamental justifications coming after the fact (sometimes relevant, sometimes bollocks).

But the nominal cost of gold relative to money supply and the number of new investors who rightfully see the need to protect their wealth by buying a bit of precious metal should eventually see the price continue its march upward.

Would love to have some respectful debate on this issue with someone new. Are price moves anything more than manipulation?

We know that at the heart of the global financial system (Libor), traders were able to ask for whatever rate they wanted. If interest rates are one big scam, how would we expect commodities like gold to be any different?
  • #20,215
  • Aug 12, 2012 4:09pm Aug 12, 2012 4:09pm
Quoting Wheels
SunTrader,

Even the most bullish of bulls know that the whole game is rigged.

I will agree with you that the move up was manipulation. Just like every move down. We know ........
.... nothing

Prime example of why I stopped replying to your posts - and will once again.

I am a trader, not a "truth-seeker".

I look at price and volume and related markets.

You can have the rest.

BTW why did you quote my message if you are looking for a respectful debate with someone new? Actually don't bother.

Come back when price is higher so you can tell how right you are. I look to be profitable, not necessarily right. And if I haven't made it plain to you by now I could care less what moves a market up or down - just that it moves.
  • #20,216
  • Aug 12, 2012 6:16pm Aug 12, 2012 6:16pm
Quoting SunTrader
.... nothing

Prime example of why I stopped replying to your posts - and will once again.

I am a trader, not a "truth-seeker".

I look at price and volume and related markets.

You can have the rest.

BTW why did you quote my message if you are looking for a respectful debate with someone new? Actually don't bother.

Come back when price is higher so you can tell how right you are. I look to be profitable, not necessarily right. And if I haven't made it plain to you by now I could care less what moves a market up or down -...
Oh goodness - I just said someone new because I usually irritate you.

Above is the case and point and certainly is no aberration from most interactions I have with you.

You said that people who talk about manipulation on this thread focus on downside moves and ignore the opposite. This may be the case or more a matter of the fact that sell-offs with, major funds selling a couple hours before the price drop, are a little easier to point out as dubious.

I enjoy your perspective. Clearly you don't appreciate mine, but being right can also be profitable. Ask Steve Eisman...

Again - would love to hear your take, just was inviting others to have their say.

Why do you think it was upward manipulation of the price? What are your reasons for making this assertion?
  • #20,217
  • Aug 12, 2012 7:19pm Aug 12, 2012 7:19pm
We are in a wedge formation so being ready for a momentum break out ... Supply in yellow is almost entire consumed but demand is still left so probably break would be of upside specially considering we are in a down trend for a long time now ....
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Human
  • #20,218
  • Aug 12, 2012 7:29pm Aug 12, 2012 7:29pm
Oh that's a good reason

It has been trending down for too long. Now stop that I say.
  • #20,219
  • Edited 10:06pm Aug 12, 2012 9:49pm | Edited 10:06pm
Quoting Wheels
Oh goodness - I just said someone new because I usually irritate you.

Above is the case and point and certainly is no aberration from most interactions I have with you.

You said that people who talk about manipulation on this thread focus on downside moves and ignore the opposite. This may be the case or more a matter of the fact that sell-offs with, major funds selling a couple hours before the price drop, are a little easier to point out as dubious.

I enjoy your perspective. Clearly you don't appreciate mine, but being right can also...
I think that from time to time the number of buyers and sellers are not perfectly balanced. This moves the market. That is more than enough for me and I see no point in entertaining the manipulation hypothosis for either up or down.
Kill the ego, or it will kill the mission.
  • #20,220
  • Aug 13, 2012 6:49am Aug 13, 2012 6:49am
Quoting SunTrader
Oh that's a good reason

It has been trending down for too long. Now stop that I say.
Point is , that it is losing its momentum ...
Human
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