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

  • #21,801
  • Dec 6, 2012 9:35pm Dec 6, 2012 9:35pm
Quoting beeb
See Jim Sinclair on the vampire squid:

http://www.jsmineset.com/2012/12/05/jims-mailbox-1115/

beeb

EDIT - Also note the GC Daily 14,3,3 stochastics - which are beginning to look interesting from a swing long perspective - but be warned that tomorrow is NFP......

before NFP Gold have a range between 1712-1694, after that resistance n support will be make a signal of trend
  • #21,802
  • Dec 7, 2012 5:59am Dec 7, 2012 5:59am
This just tells me to do my homework and come up with my own conclusions. They have no crystal ball.

Quoting TheArcher
two views by two giants :

Goldman Sachs calling for the end of the gold bull market


Morgan Stanley: Gold, Silver Among Top Commodity Picks For 2013

who knows what that the other does not ???

-----------------

anyway , looking at the MAs and supports on my chart ..... will the MA50 cross MA100 down or bounce off the MA100 ... ?

http://i47.tinypic.com/2chxq51.jpg...
Patience is magic
  • #21,803
  • Dec 7, 2012 7:55am Dec 7, 2012 7:55am
is that the parking bay for this weekend .... or will there be a dramatic twist at the last hour ...?


http://i45.tinypic.com/2uj2z55.jpg


.
  • #21,804
  • Dec 7, 2012 8:55am Dec 7, 2012 8:55am
I think 1708~1713 will be a good resist level to sell.
  • #21,805
  • Dec 7, 2012 1:02pm Dec 7, 2012 1:02pm
im worried if bearish can touch on 1746


Quoting TheArcher
is that the parking bay for this weekend .... or will there be a dramatic twist at the last hour ...?


http://i45.tinypic.com/2uj2z55.jpg


.
ahdts
  • #21,806
  • Dec 7, 2012 1:39pm Dec 7, 2012 1:39pm
GC 240 - perfect abcd formation:

http://www.screencast.com/t/ewy3WnNLA

beeb
  • #21,807
  • Dec 7, 2012 2:22pm Dec 7, 2012 2:22pm
Quoting lukeho
I think 1708~1713 will be a good resist level to sell.
Scalping-wise, I'm tempted to agree and have twice almost placed small "grocery money" shorts at $1706 to exit at $1701; however, I would not go short if we break above $1707 as that looks to me to be the "line in the sand" on shorter-term charts which would have me going long upon a retest from above.

Longer term, because daily RSI has failed to retest the support line (solid blue) I would like to see it breach the descending RSI resistance line (dotted blue) before I commit to going long.

Price-action-wise gold is in the bottom support band (dotted blue) and failed to break up on two possible Eliot wave scenarios (dotted arrows and not to scale), giving one last opportunity to break up at strong support $1670 to form a "W" or "double bottom" pattern because we are duplicating, almost to the dollar, what happened last December; the saving grace being the weekly support line (green) which would intersect at the very strong $1630 support line which also happens to be the 61.8% retracement of the high-low move.

Attached Image (click to enlarge)
Click to Enlarge Name: Gold 1 year.jpg Size: 597 KB
You can always make money tomorrow provided you don't lose it today.
  • #21,808
  • Dec 7, 2012 3:32pm Dec 7, 2012 3:32pm
COTs are interesting albeit too retrospective to use as anything other than indicative of a process.....

beeb
  • #21,809
  • Edited 10:03pm Dec 7, 2012 9:52pm | Edited 10:03pm
what is the daily range for gold , anyone ?
  • #21,810
  • Edited 8:17am Dec 8, 2012 7:59am | Edited 8:17am
Even though Gold Prices are being Manipulated Downwards, Prices are Headed Much Higher in the Long-Term


some excerpts ..............


.............Once again this action is a clear example of how the bullion banks intervene in the market. The issue of manipulation in the gold market has been well documented by several organisations, but the downright lies which have surrounded the issue for a long time are slowly beginning unravel and expose government market manipulation. The reason is that the Commercials (together the producers, processers, fabricators, bullion banks and swap dealers) have large short positions, so they have a vested interest in lower prices........

For seven years GATA has discovered one piece of evidence after another supporting our long-held contention that the gold market is managed by certain central banks and their agents, the bullion banks. It is a price-fixing case involving some very powerful people and institutions … in fact it is a Gold Cartel................


Of course mainstream media or either oblivious to this type of market action or have no interest in reporting this type of fraudulent activity, but, it is well known in the precious metals industry that in most instances the culprits are the bullion banks in particular JP Morgan. But this is not surprising at all. There are multiple cases of fraudulent and illegal trading by these banks..........................

According to a disciplinary notice issued by New York Mercantile Exchange (NYMEX JPMorgan Chase & Co executed wash trades on 10 separate occasions in U.S. crude oil and gasoline futures in the first half of 2011 ........


In spite of the clear examples of bank manipulation, fraud and theft, and despite empirical evidence that has been obtained over years, banks, central banks and the regulatory bodies of the various futures markets continue to deny the fact that the gold market is manipulated in any way. However, why should it be any different to all the other markets? .................


While most of the worlds' population is more intent on watching a dance video entitled Gangnam Style, and have little to no interest in what is going on in the global monetary system, there are investors out there who are aware of what is going on..................

--------------------------------------


What chance do we have , except to play the lottery !!
  • #21,811
  • Dec 9, 2012 11:04am Dec 9, 2012 11:04am
A bit of fun:

Inserted Video


beeb
  • #21,812
  • Dec 9, 2012 9:07pm Dec 9, 2012 9:07pm
THank you. I especially responded to the last couple of lines: I am so saddened... I believe even the structure of the brain is permanently different now, in many people.

Quoting TheArcher
Even though Gold Prices are being Manipulated Downwards, Prices are Headed Much Higher in the Long-Term


some excerpts ..............


.............Once again this action is a clear example of how the bullion banks intervene in the market. The issue of manipulation in the gold market has been well documented by several organisations, but the downright lies which have surrounded the issue for a long time are slowly beginning unravel and expose government market manipulation....
  • #21,813
  • Dec 9, 2012 9:14pm Dec 9, 2012 9:14pm
http://i49.tinypic.com/5etr2v.jpg
  • #21,814
  • Dec 9, 2012 9:54pm Dec 9, 2012 9:54pm
How's everyone doing? This is going to be a bit slow until after January.

Great time to buy physical.

XT.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,815
  • Dec 9, 2012 9:55pm Dec 9, 2012 9:55pm
chart wise, agree with W formation.
Quoting KADC
Scalping-wise, I'm tempted to agree and have twice almost placed small "grocery money" shorts at $1706 to exit at $1701; however, I would not go short if we break above $1707 as that looks to me to be the "line in the sand" on shorter-term charts which would have me going long upon a retest from above.

Longer term, because daily RSI has failed to retest the support line (solid blue) I would like to see it breach the descending RSI resistance line (dotted blue) before I commit to going long.

Price-action-wise gold is in the bottom support...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,816
  • Dec 9, 2012 9:56pm Dec 9, 2012 9:56pm
Great post, agreed.
Quoting TheArcher
Even though Gold Prices are being Manipulated Downwards, Prices are Headed Much Higher in the Long-Term


some excerpts ..............


.............Once again this action is a clear example of how the bullion banks intervene in the market. The issue of manipulation in the gold market has been well documented by several organisations, [b]but the downright lies which have surrounded the issue for a long time are slowly beginning unravel and expose government market...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,817
  • Dec 9, 2012 9:59pm Dec 9, 2012 9:59pm
nice idea to sell now 1706 and exit 1702 for short, and dont forget for this week gold at sell condition. from 1706 is area sell to 1672. the recomendaion is sell for short and long.


Quoting KADC
Scalping-wise, I'm tempted to agree and have twice almost placed small "grocery money" shorts at $1706 to exit at $1701; however, I would not go short if we break above $1707 as that looks to me to be the "line in the sand" on shorter-term charts which would have me going long upon a retest from above.

Longer term, because daily RSI has failed to retest the support line (solid blue) I would like to see it breach the descending RSI resistance line (dotted blue) before I commit to going long.

Price-action-wise gold is in the bottom support...
ahdts
  • #21,818
  • Dec 10, 2012 12:14am Dec 10, 2012 12:14am
Quoting XTrade
How's everyone doing? This is going to be a bit slow until after January.

Great time to buy physical.

XT.
I'm doing great. How are you doing? I'm still accumulating physical, and buying AGQ (ProShares Ultra Silver ETF, leveraged 2x) on the dips.
Get money, don't let money get you. @kauaiforex
  • #21,819
  • Dec 10, 2012 12:28am Dec 10, 2012 12:28am
163.20 on GLD has a chance to be the bottom in my opinion. Not really the cleanest looking charts I've seen, but a viable entry time that is low risk.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #21,820
  • Dec 10, 2012 3:41am Dec 10, 2012 3:41am
Quoting beeb
GC 240 - perfect abcd formation:

http://www.screencast.com/t/ewy3WnNLA

beeb
i am not familiar with what is ABCD formation .... what will happen next ? care to elaborate ? thanks .
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