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

  • #29,941
  • Dec 8, 2013 9:26am Dec 8, 2013 9:26am
^^ in the memberprofile of the user is a button "ignore"
just do it
  • #29,942
  • Dec 8, 2013 11:12am Dec 8, 2013 11:12am
Quoting thodie
{quote} well thatīs easy! i did it 25hours ago but not because of this topic, there are many more calls like this without any technical or fundamental information... {image}

Yeah I saw that there's a whole thread of this junk now.

If he goes on my ignore list he can't post being that I started the thread.

All my attempts at asking for some kind of explanation besides ridiculous non-existent chart patterns have fell on deaf ears. So....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,943
  • Dec 8, 2013 11:15am Dec 8, 2013 11:15am
Quoting jackychan167
Guys, may i know does any one here trade using EA?
I do not. I'm sure someone here does.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,944
  • Dec 8, 2013 11:55am Dec 8, 2013 11:55am
When is the first Gold price quote, and from where ? ...
"It's the Margin, Stupid."
  • #29,945
  • Dec 8, 2013 12:45pm Dec 8, 2013 12:45pm
Quoting Vachus
When is the first Gold price quote, and from where ? ...
Not sure what you are asking here mate.

Do you mean when does the market open?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,946
  • Dec 8, 2013 12:47pm Dec 8, 2013 12:47pm
Quoting XTrade
{quote} Not sure what you are asking here mate. Do you mean when does the market open?
Yes ... ( Thanks for replying )
"It's the Margin, Stupid."
  • #29,947
  • Dec 8, 2013 1:18pm Dec 8, 2013 1:18pm
Look at the bottom of the chart, here are good representations in EST and GMT of when different gold market's open.

Spot is a bit different than futures.

As well, when trading with an FX broker, things may be a bit off.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 9.png Size: 26 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,948
  • Dec 8, 2013 1:25pm Dec 8, 2013 1:25pm
Quoting XTrade
Look at the bottom of the chart, here are good representations in EST and GMT of when different gold market's open. Spot is a bit different than futures. As well, when trading with an FX broker, things may be a bit off. {image}
The chart is really a helpful tool ... but what do you mean by that ? ( I'm interested in the spot )
"It's the Margin, Stupid."
  • #29,949
  • Dec 8, 2013 1:57pm Dec 8, 2013 1:57pm
"Spot" means on the spot, or right there right now, what someone should and will pay for pure physical metal.

Futures, are forecasts of the FUTURE, hence, the name of the trade "Futures" it is if you are not trading the front month sometimes far removed from the spot price.


People that use spot, bullion banks, jewelers, spot traders, coin shops, the LBMA, etc. yet, most will also use the LONDON FIX, for jewelry pricing.
EXCEPT for NYC pricing. I have done business with a ton of shops that only use NY pricing, NOT the LONDON FIX. And there are 2 AM and PM...

Spot is the price now. Futures are speculation and hedging on future prices.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,950
  • Dec 8, 2013 2:01pm Dec 8, 2013 2:01pm
Quoting Vachus
{quote} The chart is really a helpful tool ... but what do you mean by that ? ( I'm interested in the spot )

All we usually discuss here is SPOT - Gold and SILVER.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,951
  • Dec 8, 2013 2:55pm Dec 8, 2013 2:55pm
Not expecting much change upon open in 7 minutes.
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #29,952
  • Dec 8, 2013 8:13pm Dec 8, 2013 8:13pm
So blooddy boring Asia session, sometime i think they dont have any firm decision of PA. They wait, wait , wait the show of BIG BOY like the child want to guide from his parent.
  • #29,953
  • Dec 8, 2013 10:49pm Dec 8, 2013 10:49pm
Quoting Vachus
When is the first Gold price quote, and from where ? ...
10h30 to 11h15 GMT is when te 5 banks make the phone call in London, then you get the PM fix around 14h45 to 15h15 GMT. The next price management is the comex around 18h00 to 18h30 GMT. Hopefully you can work it out from those times where you are.
You win, you lose. All else is history. The future does not exist.
  • #29,954
  • Dec 8, 2013 11:40pm Dec 8, 2013 11:40pm
Sell @ 1231
  • #29,955
  • Dec 8, 2013 11:41pm Dec 8, 2013 11:41pm
Quoting namaus
So blooddy boring Asia session, sometime i think they dont have any firm decision of PA. They wait, wait , wait the show of BIG BOY like the child want to guide from his parent.
there is article may you interest to read
http://www.riseearth.com/2013/12/why...l#.UqVzabR0n6Q
  • #29,956
  • Dec 8, 2013 11:43pm Dec 8, 2013 11:43pm
Quoting LarryLU
Sell @ 1231
I was thinking to sel at 1233. Good luck Larry. Hope it turn in our way.
  • #29,957
  • Dec 8, 2013 11:46pm Dec 8, 2013 11:46pm
Quoting hamidshah.pk
{quote} I was thinking to sel at 1233. Good luck Larry. Hope it turn in our way.
Thanks! My stop is 1234...
  • #29,958
  • Dec 9, 2013 12:20am Dec 9, 2013 12:20am
Some of you might remember that I wrote an article about the effect of war on the makets. Well here's a little something that was listed as a possibility....
Japan Press: "China-Japan War To Break Out In January"
Submitted by Tyler Durden on 12/08/2013 - 16:51
http://www.zerohedge.com/sites/defau...7_japina_0.jpgFollowing China's unveiling of its air defense identification zone (ADIZ) in the East China Sea, overlapping a large expanse of territory also claimed by Japan, the Japanese media has, as The Japan Times reports, had a dramatically visceral reaction on the various scenarios of a shooting war. From Sunday Mainichi's "Sino-Japanese war to break out in January," to Flash's "Simulated breakout of war over the Senkakus," the nationalism (that Kyle Bass so notably commented on) is rising. Which side, wonders Shukan Gendai ominously, will respond to a provocation by pulling the trigger? The
You win, you lose. All else is history. The future does not exist.
  • #29,959
  • Dec 9, 2013 12:38am Dec 9, 2013 12:38am
Quoting The Rhodie
Some of you might remember that I wrote an article about the effect of war on the makets. Well here's a little something that was listed as a possibility.... Japan Press: "China-Japan War To Break Out In January" Submitted by Tyler Durden on 12/08/2013 - 16:51 {image}Following China's unveiling of its air defense identification zone (ADIZ) in the East China Sea, overlapping a large expanse of territory...
Dont worry about that. China has just began its political and financial system's reforms, and Japan has no initiative to start a war. There is quit low chance to see a war between them in at least 1 Year.
  • #29,960
  • Dec 9, 2013 12:39am Dec 9, 2013 12:39am
Quoting The Rhodie
{quote} 10h30 to 11h15 GMT is when te 5 banks make the phone call in London, then you get the PM fix around 14h45 to 15h15 GMT. The next price management is the comex around 18h00 to 18h30 GMT. Hopefully you can work it out from those times where you are.
Thanks Rhodie, that was really detailed helpful
"It's the Margin, Stupid."
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