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

  • #21,881
  • Dec 15, 2012 2:00pm Dec 15, 2012 2:00pm
Quoting vaidas7777
Now moneyprinting has no visible effect. US creates only base money ~ 7 percent of total money amount. And deflation goes in M2, M3. And different asset classes don't go all together in one way like before 2007. Money don't move. Then they will move, even Fed could't keep hyperinflation, so much is printed. Gold will go to 20 000 dollars ( that just for US paper) or to 200 000 dollars for all worlds paper money. The trick is to go through deflation faze and keep the gold.


Sorry I don't understand what you are trying to say

beeb
  • #21,882
  • Dec 15, 2012 2:06pm Dec 15, 2012 2:06pm
Well now we face deflationary depression. When banks and goverments will take land, buildings back from their debtors. They take it and only then hyperinflation will wipe out all state, local, county debts ( for USA its about 100 trillion dollars). If you b uy gold now, it will go down in price, because prices of all assets will go down for maybe 12-18 months. You can buy gold now, but you will need to keep it at least 6 years to get good profit on it. Or you can wait for deflation in few years and buy then. Phew...
  • #21,883
  • Dec 15, 2012 3:20pm Dec 15, 2012 3:20pm
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Beeb, thanks, and I'm sure everyone else appreciates your charts as well. Please keep posting them.

Muntu, I have found that RSI 14 generally provides the best balance on most time frames, and I use RSI trendlines for signals, not the traditional 30/70 oversold/overbought which I don't find to be particularly useful. Also, even though I may mostly mention RSI, I do rely on other indicators for confirmation.

Pratik, silver is normally more volatile than gold, but I think so much effort has been put into manipulating gold at the moment that silver will actually be less reactive for the remainder of this correction and quite possibly from now on. I don't have any charts on this computer so all I will say is that I don't think silver will drop below $30 unless gold makes a significant drop first, and maybe not even then.

Greenstar, I don't have any charts to look at, but if my memory serves I was thinking more like between $1662-1667, but maybe you're right and that's up to $1672 at this point. It's also entirely possible that the $1685 area will hold and price action may just travel sideways until January. Below that $1635-1640 is a tremendous band of support that would need a major news event to break through.

Anyone I missed, sorry, I have a lot going on and I haven't been following the forums very closely this last week -- please ask again if someone else hasn't answered your question.

To the general recent conversation, don't listen to the crazies that come out of the woodwork every time there's a short-term trend change or when the precious metals approach significant highs or lows. The long-term technicals and fundimentals have not changed and there's nothing to support the notion of gold dropping below last years low. Though there are factors that would like to see total economic collapse, the vast majority of the global power structure relies on more predictable and less disruptive market manipulation than the extremes that get bandied about to grab headlines.
You can always make money tomorrow provided you don't lose it today.
  • #21,884
  • Dec 16, 2012 3:06am Dec 16, 2012 3:06am
Quoting KADC
To the general recent conversation, don't listen to the crazies that come out of the woodwork every time there's a short-term trend change or when the precious metals approach significant highs or lows. The long-term technicals and fundimentals have not changed and there's nothing to support the notion of gold dropping below last years low. Though there are factors that would like to see total economic collapse, the vast majority of the global power structure relies on more predictable and less disruptive market manipulation than the extremes that...
nice one

beeb
  • #21,885
  • Dec 16, 2012 3:37am Dec 16, 2012 3:37am
I dont know exactly ... but does gold drops befor silver ... I think both moves same direction ... same time ... not one after the other ...
let the chart to be your chauffeur ... -Forexmnstr-
  • #21,886
  • Dec 16, 2012 5:33am Dec 16, 2012 5:33am
Quoting forexmnstr
I dont know exactly ... but does gold drops befor silver ... I think both moves same direction ... same time ... not one after the other ...
Read the thread....

Generally silver is viewed as high beta to gold ie it is more extreme in its movements - they are correlated but can diverge viz Friday's drop in silver whereas gold remained more or less unchanged.

beeb
  • #21,887
  • Edited 5:12pm Dec 16, 2012 1:35pm | Edited 5:12pm
A pretty good summary from Florian Grummes -

http://www.safehaven.com/article/28085/gold-and-silver

beeb
  • #21,888
  • Dec 16, 2012 1:46pm Dec 16, 2012 1:46pm
I have placed order to sell 1 lot @ 1707 (TP-1695 SL-1712 ) and to buy 1 lot @ 1684 ( TP-1696 SL-1678 ) ... one of these orders should be done on monday ... probably both will be winner ....
let the chart to be your chauffeur ... -Forexmnstr-
  • #21,889
  • Dec 16, 2012 4:19pm Dec 16, 2012 4:19pm
Quoting forexmnstr
I have placed order to sell 1 lot @ 1707 (TP-1695 SL-1712 ) and to buy 1 lot @ 1684 ( TP-1696 SL-1678 ) ... one of these orders should be done on monday ... probably both will be winner ....
Reasons?

beeb
  • #21,890
  • Dec 16, 2012 5:33pm Dec 16, 2012 5:33pm
Quoting vaidas7777
Well now we face deflationary depression. When banks and goverments will take land, buildings back from their debtors. They take it and only then hyperinflation will wipe out all state, local, county debts ( for USA its about 100 trillion dollars). If you b uy gold now, it will go down in price, because prices of all assets will go down for maybe 12-18 months. You can buy gold now, but you will need to keep it at least 6 years to get good profit on it. Or you can wait for deflation in few years and buy then. Phew...
I think deflation is very likely, followed by inflation. The way I see it is, better to be buying gold and silver now before they really get going and mania sets in. Plus, if the physical prices drop enough, I'll bet that a lot of the dealers will be sold out of a lot of their inventory. Better to be a little early than too late IMO. Buying high and hoping to sell higher can, and has been, painful for many. LOL
Get money, don't let money get you. @kauaiforex
  • #21,891
  • Dec 16, 2012 11:24pm Dec 16, 2012 11:24pm
SIGNALS FOR TODAY 17-12-12

XAUUSD BUY @1690 CLOSE @1728
DO IT NOW !

THANKS
ahdts
  • #21,892
  • Dec 17, 2012 2:14am Dec 17, 2012 2:14am
Quoting ahdts
SIGNALS FOR TODAY 17-12-12

XAUUSD BUY @1690 CLOSE @1728
DO IT NOW !

THANKS
what's the background of this trade, where's SL??
  • #21,893
  • Dec 17, 2012 2:46am Dec 17, 2012 2:46am
Quoting ahdts
SIGNALS FOR TODAY 17-12-12

XAUUSD BUY @1690 CLOSE @1728
DO IT NOW !

THANKS
This is not a scalping thread - look at XTrade's original post.
We require reasons not just capital letters....

Thanks

beeb
  • #21,894
  • Dec 17, 2012 2:52am Dec 17, 2012 2:52am
Quoting ahdts
SIGNALS FOR TODAY 17-12-12

XAUUSD BUY @1690 CLOSE @1728
DO IT NOW !

THANKS

Wow TP @ 1728, there's a long way up.
  • #21,895
  • Dec 17, 2012 5:21am Dec 17, 2012 5:21am
Quoting ahdts
SIGNALS FOR TODAY 17-12-12

XAUUSD BUY @1690 CLOSE @1728
DO IT NOW !

THANKS
As an example of a REASON (note capital letters) have a look at this previously posted chart:

http://www.screencast.com/t/Jyh1Wrqs

LP did not hold but price currently seeing support from SP - needs to get back above LP - note no "DO THIS" or "DO THAT"....

Present the info and let others decide....

beeb
  • #21,896
  • Dec 17, 2012 5:32am Dec 17, 2012 5:32am
Quoting beeb
As an example of a REASON (note capital letters) have a look at this previously posted chart:

http://www.screencast.com/t/Jyh1Wrqs

LP did not hold but price currently seeing support from SP - needs to get back above LP - note no "DO THIS" or "DO THAT"....

Present the info and let others decide....

beeb
who did draw these trend lines on that chart he is genius ... how can i be able to draw ones like these lines
let the chart to be your chauffeur ... -Forexmnstr-
  • #21,897
  • Dec 17, 2012 5:39am Dec 17, 2012 5:39am
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sliver D 2012.12.17.jpg Size: 121 KB
Click to Enlarge Name: sliver H1 2012.12.17.jpg Size: 128 KB
A chart helps those who can read it.
  • #21,898
  • Dec 17, 2012 5:42am Dec 17, 2012 5:42am
Quoting forexmnstr
who did draw these trend lines on that chart he is genius ... how can i be able to draw ones like these lines
Thanks for the compliment - My chart and my lines....

Further info in Xtrade's opening comment or check out www.coghlancapital.com - I have no financial or other interest in the site...

beeb
  • #21,899
  • Dec 17, 2012 6:40am Dec 17, 2012 6:40am
Hey Beeb

Can you please post your 240 Silver and daily Silver Charts please...
  • #21,900
  • Dec 17, 2012 8:57am Dec 17, 2012 8:57am
Quoting geniusztc
.
http://content.screencast.com/users/...0b5c/gc240.png
THANKS FOR BEEB
ahdts
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