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

  • #20,221
  • Aug 13, 2012 6:03am Aug 13, 2012 6:03am
hi guys, it is possible for gold price to go down in near term?? What do you think?
  • #20,222
  • Aug 13, 2012 6:37am Aug 13, 2012 6:37am
Quoting Chanya
Point is , that it is losing its momentum ...
So. Loss of momemtum doesn't always mean change of direction.

Same as OS/OB levels can stay at extremes for long periods of time.

In fact more turns happen on mild OB/OS levels than the other way around.
  • #20,223
  • Aug 13, 2012 6:39am Aug 13, 2012 6:39am
Quoting Vievy wu
hi guys, it is possible for gold price to go down in near term?? What do you think?
Do a cartwheel. If you land on your head it means down. If you land on your feet it means up.

Oh wait a minute. Maybe it is the other way around. Head up, feet down.

Hard to keep straight.
  • #20,224
  • Aug 13, 2012 1:29pm Aug 13, 2012 1:29pm
Quoting SunTrader
So. Loss of momemtum doesn't always mean change of direction.

Same as OS/OB levels can stay at extremes for long periods of time.

In fact more turns happen on mild OB/OS levels than the other way around.
Ok , I agree ... But did I say that its the only reason to rely the trade on ? No ... I gave other factors ... Thanks for your input ... Appreciated ...
Human
  • #20,225
  • Aug 13, 2012 4:02pm Aug 13, 2012 4:02pm
HSBC: Gold Prices Slip Along With Agricultural Commodities
Monday August 13, 2012 4:01 PM

Gold prices eased despite a firmer euro, with the yellow metal slipping in thin trading along with agricultural commodities such as wheat, corn and soybeans, says HSBC. Bloomberg reported that the French Agriculture Ministry said that U.S. and French officials planned to hold a conference call in late August to discuss whether an emergency meeting of the Group of 20, the world’s biggest economies, may be necessary to coordinate a response to the recent surge in grain and soybean prices. “Though the plan is in a preliminary stage, the news release added pressure to gold prices, given the thin trading climate in the bullion market,” HSBC says. “Gold prices tend to react positively to food inflation concerns, and conversely, negatively if concerns ease.” Around 4 p.m. EDT, Comex December gold was $12 softer at $1,610.70 an ounce. Strong grain prices on Friday had been cited as one of the factors boosting gold ahead of the weekend.

By Allen Sykora of Kitco News; [email protected]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,226
  • Aug 13, 2012 4:05pm Aug 13, 2012 4:05pm
Still above 1600.

http://www.kitco.com/images/live/gold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,227
  • Edited 6:51pm Aug 13, 2012 6:31pm | Edited 6:51pm
Quoting Chanya
Ok , I agree ... But did I say that its the only reason to rely the trade on ? No ... I gave other factors ... Thanks for your input ... Appreciated ...
The other factor you gave was your opinion regarding supply/demand. A yellow border across bars means ....... not a whole helluva lot - to me.

If you want to add to what the chart image shows then maybe there are other factors I don't see.
  • #20,228
  • Aug 14, 2012 6:12am Aug 14, 2012 6:12am
Quoting SunTrader
The other factor you gave was your opinion regarding supply/demand. A yellow border across bars means ....... not a whole helluva lot - to me.

If you want to add to what the chart image shows then maybe there are other factors I don't see.
I have been out of this thread for a while and I come back now and again just to see if there is any meaningful conversation and sometimes there is. But today, yet again, Suntrader is hacking on everyone, telling them how profitable he is and how their analysis is lacking. Forums are a way to express your opinion. If you are profitable, then good for you, but why do you have a need to criticize everyone's posts? If it was directed toward you then sure, but just let people post and if don't agree with them, STFU and let people review the info and form their own opinions. IMO, at times this thread has become quite a negative one.
  • #20,229
  • Aug 14, 2012 6:23am Aug 14, 2012 6:23am
Quoting Sreym33
I have been out of this thread for a while and I come back now ......
Maybe you should reconsider that. We've done ok without you.

And just how profitable am I since I and I'm always telling everyone how much? Sounds like you have the opposite problem.
  • #20,230
  • Aug 14, 2012 6:28am Aug 14, 2012 6:28am
Quoting SunTrader
The other factor you gave was your opinion regarding supply/demand. A yellow border across bars means ....... not a whole helluva lot - to me.
With all due respect , I don't care if it means something to you or not ... I have been doing super fine for a long time so I know what I am saying and doing ... I am just sharing my view ...
Human
  • #20,231
  • Aug 14, 2012 6:32am Aug 14, 2012 6:32am
Quoting Chanya
With all due respect , I don't care if it means something to you or not ... I have been doing super fine for a long time so I know what I am saying and doing ... I am just sharing my view ...
Well with all due respect you did see which way price went today?

If you had also drawn a support line under daily bars of the 6th, 8th and 10th and called that support, it broke through that like it wasn't there. Have to see what it does with the low of the 2nd. Maybe that holds but as I said and still believe the momemtum is to the downside.

But BTW you did post the chart, without addressing it to anyone in particular, to obtain comments from anyone, right?

Otherwise for now on I will refrain if that is what you prefer.
  • #20,232
  • Aug 14, 2012 6:37am Aug 14, 2012 6:37am
Quoting SunTrader
Well with all due respect you did see which way price went today?

If you had also drawn a support line under daily bars of the 6th, 8th and 10th and called that support, it broke through that like it wasn't there. Have to see what it does with the low of the 2nd. Maybe that holds but as I said and still believe the momemtum is to the downside.

But BTW you did post the chart, without addressing it to anyone in particular, to obtain comments from anyone, right?

Otherwise for now on I will refrain if that is what you prefer....
I never meant to offend you dude . Relax ... i don't prefer not to know what your point of view is ... Its always welcome ... Anyways , forget . Peace ...
Human
  • #20,233
  • Aug 14, 2012 6:40am Aug 14, 2012 6:40am
Quoting Chanya
I never meant to offend you dude . Relax ... i don't prefer not to know what your point of view is ... Its always welcome ... Anyways , forget . Peace ...
I'm ok.

But you notice someone else jumped with their 2 cents.
  • #20,234
  • Aug 14, 2012 6:43am Aug 14, 2012 6:43am
Quoting SunTrader
I'm ok.

But you notice someone else jumped with their 2 cents.
Plus , I only trade mostly dailies ... So , if you notice , price still did not broke through what I drew ... So maybe that is where our difference of opinion originates I guess ... Lets see ...
Human
  • #20,235
  • Aug 14, 2012 6:50am Aug 14, 2012 6:50am
Quoting SunTrader
Maybe you should reconsider that. We've done ok without you.

And just how profitable am I since I and I'm always telling everyone how much? Sounds like you have the opposite problem.
reconsider what? posting my opinion?
  • #20,236
  • Aug 14, 2012 9:58am Aug 14, 2012 9:58am
Well we don't want a negative thread. And I am not always here to police.

I know the mods watch but they also are not always here.

Some posts that I have read are due negative or corrective reactions. I'd rather corrective, but when one says the same thing over and over or acts the same I can see where it may come from,

Then there are others that may not.

I'll talk to ST and see how he's doing.


In any case everyone is allowed to post their analysis, with backup or reasoning at least please.

AND I REMIND PEOPLE, IF you are getting ANNOYED WITH SOMEONE USE THE >IGNORE BUTTON< it can be located in your personal settings.

And it will make your stay more enjoyable I promise!
XT

Quoting Sreym33
I have been out of this thread for a while and I come back now and again just to see if there is any meaningful conversation and sometimes there is. But today, yet again, Suntrader is hacking on everyone, telling them how profitable he is and how their analysis is lacking. Forums are a way to express your opinion. If you are profitable, then good for you, but why do you have a need to criticize everyone's posts? If it was directed toward you then sure, but just let people post and if don't agree with them, STFU and let people review the info and...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,237
  • Aug 14, 2012 10:06am Aug 14, 2012 10:06am
Quoting XTrade
......
So Sun, is there something or someone we need to discuss via PM?
I don't know, do we? You make the call.
  • #20,238
  • Aug 14, 2012 10:07am Aug 14, 2012 10:07am
I sent you a pm just to chat.


Quoting SunTrader
I don't know, do we? You make the call.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,239
  • Aug 14, 2012 10:19am Aug 14, 2012 10:19am
Positive US news Helped tank gold today a bit as seen below.

Not chart subject to change. We have climbed back above 1600 by 2 bucks so far so this looks like just a daily dip. Price should s l o w l y continue north with dips until we get some volume and perhaps large cap specs back in the arena......

http://www.kitco.com/images/live/nygold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,240
  • Aug 14, 2012 6:57pm Aug 14, 2012 6:57pm
NO NEED FOR SILENCE EVERYONE~~~~~ ECHO ECHO!!!!!

Here's the current spot quote board for all PMs. We are right above 1600 again....

EDIT: WOW 200 USD per OZT difference between gold and platinum. If you're holding physical now might not be a bad time for a swap.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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