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All Majors and Gold

  • #6,241
  • May 20, 2013 6:00am May 20, 2013 6:00am
Quoting gnomoneey
razaali do you want to know why I said no more down?

yah sure bro , y u said that???
  • #6,242
  • May 20, 2013 6:06am May 20, 2013 6:06am
scalping day for me.......lol
  • #6,243
  • May 20, 2013 6:06am May 20, 2013 6:06am
Quoting razaali
{quote} yah sure bro , y u said that???
look at d1.....what do u see on chart since the big drop...draw horizontal line at 1338 and then look all the way left to april 7....then you tell me what are the chances of going further down at the time I called it....

bro just trying to show and teach here....I could have also been wron but the risk/reward was my way when you answer these
1-hit major 5 week support----if this brokeout lower then different story
2-news wise non
3-market mostly close only asia and ny open mostly
4-stochastics says yes
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  • #6,244
  • May 20, 2013 6:23am May 20, 2013 6:23am
comments.....anyone? anyone? anyone?
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  • #6,245
  • May 20, 2013 6:28am May 20, 2013 6:28am
ok going back to sleep.........
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  • #6,246
  • May 20, 2013 6:29am May 20, 2013 6:29am
Quoting gnomoneey
{quote} look at d1.....what do u see on chart since the big drop...draw horizontal line at 1338 and then look all the way left to april 7....then you tell me what are the chances of going further down at the time I called it.... bro just trying to show and teach here....I could have also been wron but the risk/reward was my way when you answer these 1-hit major 5 week support----if this brokeout lower then different story 2-news wise non 3-market mostly close only asia and ny open mostly 4-stochastics says yes

thanx for sharing such a great info , spcly point 3 , i will look in detail about this
  • #6,247
  • May 20, 2013 6:30am May 20, 2013 6:30am
Quoting gnomoneey
ok going back to sleep.........
sweet dreams , today is gud idea to trade in dreams )))))))
  • #6,248
  • May 20, 2013 6:44am May 20, 2013 6:44am
I hv been checking out FF for long time, but after i found this thread, i think i have stopped looking at other threads at all on FF, the two guys GNO and Eric, i really admire their maturity level and deep sense of analysis. i learnt adaptability from GNO,

Today after looking at Eric's msg, i went long at 1347 with a SL of 1328 and TP of 1358, and whoa . . it got hit !!

Thank you!, i really learn a lot from you two guys !
  • #6,249
  • May 20, 2013 6:52am May 20, 2013 6:52am
http://www.bloomberg.com/news/2013-0...mmodities.html
  • #6,250
  • May 20, 2013 7:33am May 20, 2013 7:33am
i have long from 1357.. no sl, so tp, try to watch for next 3 hours..
  • #6,251
  • May 20, 2013 7:52am May 20, 2013 7:52am
Quoting sudhiros
I hv been checking out FF for long time, but after i found this thread, i think i have stopped looking at other threads at all on FF, the two guys GNO and Eric, i really admire their maturity level and deep sense of analysis. i learnt adaptability from GNO, Today after looking at Eric's msg, i went long at 1347 with a SL of 1328 and TP of 1358, and whoa . . it got hit !! Thank you!, i really learn a lot from you two guys !
thanks bud.....don't be a stranger, posts away

just be careful with your tp n money management...
Wooooohooooo or Boooooohooooo
  • #6,252
  • May 20, 2013 7:55am May 20, 2013 7:55am
Quoting elekboy
http://www.bloomberg.com/news/2013-0...mmodities.html
well interesting but read the real story what happen

Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners
May 18, 2013 | By Tekoa Da Silva
While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter.
George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold: call options on gold mining stocks.
Starting out with, George Soros, billionaire financier and chairman of Soros Fund Manangement LLC, was the target of bearish gold commentary this week issued by Bloomberg. While Bloomberg journalists correctly reported that he’s been cutting his stake in gold, what they failed to mention (which was articulated here on May 16th), was how he reallocated the proceeds.
Soros indeed cut his stake in the GLD gold fund by about $2.5mm—a paltry sum, especially given the fact that he simultaneously purchased a massive $25mm in call options on the GDXJ Junior Gold Miners Index. This purchase outweighs the physical gold sale by a factor of 10—suggesting he expects much greater gains ahead to be had in the junior mining stocks.
Reported exclusively here on February 19th, was Steve Cohen, founder of SAC Capital Partners LP, purchased a $60mm option “straddle” position on the GLD during Q4 2012, which represented the expectation of an explosive move in gold—either up or down in price. Indeed, that is exactly what occurred, and during Q1, SAC Capital Partners closed out that $60mm straddle position (no doubt at a staggering profit), while at the same time buying $66mm in call options on a major gold & copper producer. The firm also maintained over $76mm in long positions on mining equities during Q1.
The largest of the trio in terms of gold positioning for the quarter, was John Paulson, founder of Paulson & Co., which reported owning over $4.389 billion in total gold holdings. Paulson held firm his $3.3 billion stake in GLD, and further added a shocking $92mm in call options on two major gold mining companies.
More…

http://bullmarketthinking.com/gold-b...ons-on-miners/
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  • #6,253
  • May 20, 2013 7:57am May 20, 2013 7:57am
what does this mean for gold?



QE Halt Would Be 'Too Violent' for Market: Fed's Fisher

http://www.forexfactory.com/attachme...1&d=1369048632
From cnbc.com
http://www.forexfactory.com/resource...tory-quote.png
The Federal Reserve should go from "wild turkey" monetary policy to "cold turkey" overnight, Dallas Fed President Richard Fisher told CNBC on Monday, saying that when the dial back is the key because stopping would be "too violent for the market." Fed Chairman Ben Bernanke's principle concern is the efficacy of the central bank's $85 billion a month bond-buying program, Fisher said in a "Squawk Box" interview.
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  • #6,254
  • May 20, 2013 8:09am May 20, 2013 8:09am
Im not fundamentally sound at this stage .......But i presume it's market manipulation at its best
  • #6,255
  • May 20, 2013 8:09am May 20, 2013 8:09am
Quoting gnomoneey
{quote} well interesting but read the real story what happen Gold Bug Hedge Funds Collectively Report Over $183mm In New Call Option Positions On Miners May 18, 2013 | By Tekoa Da Silva While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter. George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the...

Hmmmmmmmmmm, quite interesting indeed. My 1330's target for bottom may be onpoint here. Real test is tomorow when europe joins the crowd again.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,256
  • May 20, 2013 8:11am May 20, 2013 8:11am
Quoting rythmrig
Im not fundamentally sound at this stage .......But i presume it's market manipulation at its best
news is noise......read between the lines and see what you'll find
Wooooohooooo or Boooooohooooo
  • #6,257
  • May 20, 2013 8:12am May 20, 2013 8:12am
Quoting gnomoneey
what does this mean for gold? QE Halt Would Be 'Too Violent' for Market: Fed's Fisher {image} From cnbc.com {image} The Federal Reserve should go from "wild turkey" monetary policy to "cold turkey" overnight, Dallas Fed President Richard Fisher told CNBC on Monday, saying that when the dial back is the key because stopping would be "too violent for the market." Fed Chairman Ben Bernanke's principle...

I expect a weaning off of the QE power button, will bring down equities, pop rates, etc.

My only conern is, the Dollar. Rates rising is good for the dollar, and good for gold as equities fall the money will be leaving the stocks and heading into safer risk-averse areas....some may find a home with gold....very interesting factors to consider....anyone, please free free to peck at these topics and provide opposing views etc.

Green PIPS this week, personally, im out today, thinking i need more confirmation....
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,258
  • May 20, 2013 8:13am May 20, 2013 8:13am
Quoting elekboy
http://www.bloomberg.com/news/2013-0...mmodities.html
I have been hearing a lot about George Soros selling his GLD holdings before the crash but what bloomberg and the likes fail to tell is that he sold as few as 60,000 shares which is about 10 percent of what he holds. Here is his actual filing - you can check it out for yourselves:

http://www.sec.gov/Archives/edgar/da.../form13fhr.txt
  • #6,259
  • May 20, 2013 8:19am May 20, 2013 8:19am
might be my last chart for today.....

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdmay18m15channel.png Size: 135 KB
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  • #6,260
  • May 20, 2013 8:22am May 20, 2013 8:22am
Hey G,

Suggesting a rising channel?
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