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

  • #20,561
  • Aug 25, 2012 5:59am Aug 25, 2012 5:59am
I am humbled.

Thanks brother!



Quoting split_unit
Your more then welcome, we should be the ones thanking you for your effort here
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,562
  • Aug 25, 2012 6:24am Aug 25, 2012 6:24am
Close - Daily on a bit stiffer resistance, once she is popped not much in the way topside.

I would say the bottom is in.

Simple Support / Resistance.

easiest way to trade GOLD.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,563
  • Aug 25, 2012 6:39am Aug 25, 2012 6:39am
Quoting XTrade
My 5000th POST!!

Why not here?

Not much to say besides that and GOLD is KING!!!!!!!

XT
Kudos and thanks

beeb
  • #20,564
  • Aug 25, 2012 6:40am Aug 25, 2012 6:40am
Concerning copper, this is what I am looking at. A weekly chart of the XME vs Copper shows that copper is holding up much better than the XME which is a blend of different types of metals ETF. Since 2010, the XME has always held better than copper except for the move that started in September 2010 and the current environment.

The second chart is another weekly chart in copper which demonstrates the contraction in volatility which should result in an explosive long lasting move soon. As for the fundies, copper isn't in a very good position given the economical contraction in China. I will let price prove its intentions on this one before I pass my judgement, as things aren't too clear.
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  • #20,565
  • Aug 25, 2012 6:55am Aug 25, 2012 6:55am
GREAT ANALYSIS!

I think, technically speaking, solely, I see a potential double bottom in the copper chart.

Spot is way down, Yet, down = potential long for me.

China talks a lot of bs. one minute they are slowing down, then they are speeding up.

I would keep an eye on the surplus if any copper production out of Australia,

I can see potential large cap specs getting in this market at a bargain before she rockets to 4.00

Just my two gold cents....
IMO. trade at own risk.


XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,566
  • Aug 25, 2012 7:34am Aug 25, 2012 7:34am
Just to show that it isn't just gold and silver that have been toying with longer term resistances, here's Daily Platinum:

http://www.screencast.com/t/i4sAFIH3T6Q

beeb
  • #20,567
  • Aug 25, 2012 7:50am Aug 25, 2012 7:50am
Quoting XTrade
GREAT ANALYSIS!

I think, technically speaking, solely, I see a potential double bottom in the copper chart.

Spot is way down, Yet, down = potential long for me.

China talks a lot of bs. one minute they are slowing down, then they are speeding up.

I would keep an eye on the surplus if any copper production out of Australia,

I can see potential large cap specs getting in this market at a bargain before she rockets to 4.00

Just my two gold cents....
IMO. trade at own risk.


XT
Your welcome man, yeah I agree things could change really quick. Trade at your own risk. George Sorros once said:

"“Once a trend is established it tends to persist and to run it’s full course.”

Sentiment changes slowly in trending markets (up or down) and extremely fast in choppy, range-bound markets like the ones we currently have.
  • #20,568
  • Edited 8:29am Aug 25, 2012 8:11am | Edited 8:29am
Awesome chart I have screen shotted below, If the mine wars keep up in South Africa, regardless of what new technology they may or may not have for catalytic converters, this will put a HUGE strain on SUPPLY, and PT could rocket past 2k again.


Quoting beeb
Just to show that it isn't just gold and silver that have been toying with longer term resistances, here's Daily Platinum:

http://www.screencast.com/t/i4sAFIH3T6Q

beeb
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,569
  • Aug 25, 2012 8:28am Aug 25, 2012 8:28am
Sculptures Damaged In Copper Theft

http://www.individual.com/storyrss.p...306f6783fee208
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,570
  • Aug 25, 2012 8:46am Aug 25, 2012 8:46am
Quoting beeb
Just to show that it isn't just gold and silver that have been toying with longer term resistances, here's Daily Platinum:

http://www.screencast.com/t/i4sAFIH3T6Q

beeb
Nice one beeb, thank god I got my wife her ring before that rally lol
  • #20,571
  • Aug 25, 2012 9:00am Aug 25, 2012 9:00am
Thank You! For being a part.



XT

Quoting beeb
Kudos and thanks

beeb
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,572
  • Aug 25, 2012 9:09am Aug 25, 2012 9:09am
SEE

Quoting XTrade
Thank You! For being a part.



XT
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,573
  • Aug 25, 2012 10:58am Aug 25, 2012 10:58am
Quoting XTrade
SEE
Averaged out, every single day since you registered you have made 6 posts.

Interesting facts
  • #20,574
  • Aug 25, 2012 11:53am Aug 25, 2012 11:53am
Thanks for the interesting facts, I'd say that's consistent

nice work mate!

Quoting HotBiscuits
Averaged out, every single day since you registered you have made 6 posts.

Interesting facts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,575
  • Aug 25, 2012 10:30pm Aug 25, 2012 10:30pm
Who is BULLISH and who is BEARISH GOLD,

In the week to come?

Post replies below please.

THANKS!


XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,576
  • Aug 25, 2012 10:40pm Aug 25, 2012 10:40pm
Quoting XTrade
Who is BULLISH and who is BEARISH GOLD,

In the week to come?

Post replies below please.

THANKS!


XT
Bullish until proven otherwise. Economies aren't too good which should prompt printing which should send gold flying. That's my viewpoint and until that picture changes gold should continue to rip. I recently read somewhere that Paulson had 44% of his portfolio in gold, this was before the rally. That guy lost over 50% last year, and should pawn this year if gold continues to rally.
  • #20,577
  • Aug 25, 2012 10:48pm Aug 25, 2012 10:48pm
Great chartist and trader. EDIT: If I find these on dimwi-ttwitter without the proper name and analysis attached I am going to be PISSED THE #*&%*#^ off!.. So all you linkers. LEAVE THE DAMN CHARTS AS THEY ARE> There is a NAME ON THEM FOR A REASON.

PS: Not geared toward anyone here, but I know someone linked this thread to a tweettir account,

LEAVE THEM BE AND LEARN SOMETHING.



http://i176.photobucket.com/albums/w...harts-2287.png

http://i176.photobucket.com/albums/w...harts-1431.png
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #20,578
  • Aug 26, 2012 12:20am Aug 26, 2012 12:20am
I go with the major trend (bullish) until I see a trigger to be otherwise. I think there's a good chance of a pullback this week, but probably not large enough to warrant shorting (depending on your trading strategy) until Bernanke speaks on Friday.

If Bernanke doesn't confirm a serious easing package is coming in September, as so many people believe this week's FOMC minutes implied will -absolutely- happen, the gains from last week will disappear in a minutes. However, the first significant bullish trigger after it stops falling, particularly if if falls enough to get all the TV pundits to start making ridiculous $1400 or lower "the sky is falling" claims, will be my "all-in" buy signal as every major drop has consistently gone all the way to the bottom and becomes the new "last chance" entry point.

When market sentiment swings to overweight bearish or bullish, that's usually when the real reversal happens.
You can always make money tomorrow provided you don't lose it today.
  • #20,579
  • Edited 4:16am Aug 26, 2012 4:11am | Edited 4:16am
Quoting XTrade
Who is BULLISH and who is BEARISH GOLD,

In the week to come?

Post replies below please.

THANKS!


XT
I'm bullish but short into the weekend (looking at first chart, short 1671, then 1674, as PA hit the two sloping downtrend lines).

I am looking for only 1665 (half distance to a retest of the downward sloping trend line at about 1659) after which i will scale into longs looking for a run to 50%fib at 1720.9.

So although I am currently short, i am bullish.

I plan to be positionless over the next weekend - who knows what words will come forth during Jackson Hole.
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I have no enemy; I make Incautiousness my Enemy.
  • #20,580
  • Aug 26, 2012 8:13am Aug 26, 2012 8:13am
Quoting beeb
GC 240:

http://www.screencast.com/t/xruV5zsbq

SI 240:

http://www.screencast.com/t/lmHckxmZhAB

If you can put lines on a chart that have harmony with the price then trading becomes much easier.....

beeb
hows this for 1h.?
next time i will use a brighter color.
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