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

  • #34,441
  • Jul 25, 2015 10:25am Jul 25, 2015 10:25am
My sad story.. I bought gold on friday with 2 lots on 1078.. Right away it spiked up and i closed at 1081 with 620$..
After 3 to 4 hours gold reached 1095!!! And before closing 1103!.. That was 5000$.. Im not greedy that spike was quick to 81 and i knew if it comes back it will break 78 easily.. Lets see next week how the 1100 level will react.
Safe trading everyone.
NO FEAR.. NO GREED
  • #34,442
  • Jul 25, 2015 11:54am Jul 25, 2015 11:54am
if making 620 USD is a sad story you definitely need some misery in your life
if you go down that road there is truely no end to the story
  • #34,443
  • Jul 26, 2015 12:58am Jul 26, 2015 12:58am
artist's Impression for GOLD > multi years scenarios . Impossible is being possible . 2 limits up for next drop 1147.15 & 1162.74 may try test & those limits test & confirmation for those limit play goes now to 1131.11 & the primary confirmation to 1109.81 with monthly close much below 1136 ( so they must be the tried for gold next time bounce ) before the real drop 5th & the last .
Take care ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,444
  • Jul 26, 2015 1:19am Jul 26, 2015 1:19am
Sell it or leave it alone.

Quoting femfam
Hi Everyone, This is my first time of posting here. I just thought I should share my end of week analysis with you. Is it possible that this play out in the coming weeks? Please share your thought. {image}
Patience is magic
  • #34,445
  • Jul 26, 2015 2:06am Jul 26, 2015 2:06am
Hello. I was very interested to read what you wrote here and comparing it with your comment on the "Gold is in its worst..." news story posted a short time later. Won't be watching during the FOMC meeting this week and preparing in advance for what could happen. I think gold could rise to test 1109.zz. If things are very volatile, it could drop, after, or before, or rise farther. Or action could be restrained and less volatile than expected.

Does this (quoted below) mean you think gold will go up to possibly 1162.zz before the last real drop? I read your comment on "Gold is in its worst..." which seems to say you think gold will continue on down to what i call the "lowest low" without testing those 1131.zz, etc., levels: [emphasis added by me]

2 limits up for next drop 1147.15 & 1162.74 may try test & those limits test & confirmation for those limit play goes now to 1131.11 & the primary confirmation to 1109.81 with monthly close much below 1136 ( so they must be the tried for gold next time bounce ) before the real drop 5th & the last .
Quoting fontu
artist's Impression for GOLD > multi years scenarios . Impossible is being possible . 2 limits up for next drop 1147.15 & 1162.74 may try test & those limits test & confirmation for those limit play goes now to 1131.11 & the primary confirmation to 1109.81 with monthly close much below 1136 ( so they must be the tried for gold next time bounce ) before the real drop 5th & the last . Take care , fontu {image} {image}
  • #34,446
  • Jul 26, 2015 2:23am Jul 26, 2015 2:23am
Quoting Greenstar
Hello. I was very interested to read what you wrote here and comparing it with your comment on the "Gold is in its worst..." news story posted a short time later. Won't be watching during the FOMC meeting this week and preparing in advance for what could happen. I think gold could rise to test 1109.zz. If things are very volatile, it could drop, after, or before, or rise farther. Or action could be restrained and less volatile than expected. Does this (quoted below) mean you think gold will go up to possibly 1162.zz before the last real drop? I...
yes , if 1162 broken then apparently the bear or crush will make cut short & bull will signal or other sense direct bear will be terminated . yes , still a bear pattern may try down but very unreliable. so upto 1162 may play if bounce here with 2 bull signals at 1109 , 31 for those limits only not break , that should back any below them to continue down . anyway hope not ( 1162 break) , 1032 test likely & breaks go 2008 prices. again signals can just break & continue down if price can't halt here , bear strong down or short cut finish bear to start Bull next. though in bear last down for Bull try , actually price in buy areas now .
Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,447
  • Jul 26, 2015 9:55am Jul 26, 2015 9:55am
Quoting femfam
Hi Everyone, This is my first time of posting here. I just thought I should share my end of week analysis with you. Is it possible that this play out in the coming weeks? Please share your thought. {image}
hey femfam.actually anything can happen in market.but i think we are in counter trend now.and if price hit wolfe wave target line and resitance zone (white lines) or median line pitchfork with HD+ on MACD (6.13.1) i'll get short for wave 5 of C (elliot wave). it's just my opinion. thanks.
XAUUSD H4
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And falling's just another way to fly...
  • #34,448
  • Jul 27, 2015 9:41am Jul 27, 2015 9:41am
There is very large physical buying going on and this has been the case for some time now but there is a feeding frenzy at the moment.
B/c the paper markets dominate the headlines this is going unnoticed.
There is a lot of weak hands holding short positions who have doubled up using profits.
The cartel which includes GS, JPM, Citi et al are taking the long side of these shorts.
Of course it is the same old story from the talking heads fronting up these organisations, the price is falling, sell, sell, sell; when all the time their dealers are on the buy.
Everything is set up to rinse this naked short hot money as soon as the momentum traders start to lose traction and run out of bullets COTS will pull the trigger.
  • #34,449
  • Jul 27, 2015 10:07am Jul 27, 2015 10:07am
yeah, yeah, yeah ... been hearing this shit for years now ... and gold has been going one way: down
there is however one intellectual point about 'paper' is what most of this bullshitters don't understand that there is a simple arbitrage between physical and paper so these two are not two seperate worlds apart ... the price is what it is ... so please shut up if you don't understand this ...
what's typical also is the refering to GS and Citibank ... as if the writer would have any clue to what exactly it is these banks are doing ROFL ...
so why did it come down so much: because relentless bullish speculation of the goldbugs betting 'nothing could go wrong' ...
investment letters in Europe have been bullish for over three years now advising retail to buy every dip .... won't have gotten these speculators too much pleasure ...
those kinda situations always end in a lot of pain ... this is what we are seeing nowadays ...
the fact that we still these anine bullish posts probably only means we haven't seen the end of this painfull fall ...
  • #34,450
  • Jul 27, 2015 10:24am Jul 27, 2015 10:24am
You have no idea what i know.
Those who know next to nothing assume everyone else is in the same boat.
Andrew Maguire posted this at the weekend.
http://kingworldnews.com/andrew-magu...get-destroyed/

Keep going short.
  • #34,451
  • Jul 27, 2015 11:12am Jul 27, 2015 11:12am
yeah, and because you personally know so much you start posting drivel using the typical language like 'tsunami forming'
been telling friends to get out of gold from way way higher ...
what I know is that gold historically follows inflation in the long run, by that standard we are probably still overbought ...
since you so much like to read someone elses posts: I send this one to my friends a week ago: http://peterlbrandt.com/even-if-gold...on-to-be-long/
long term 'investors' most likely have nothing to find into gold or silver at this point in time
only good for a trade here and there (both long or short) nothing else ...
keep searching for that illusive bottom I know a few people that have lost a fortune by now just doing that ...
  • #34,452
  • Jul 27, 2015 8:43pm Jul 27, 2015 8:43pm
Quoting cvds16
yeah, and because you personally know so much you start posting drivel using the typical language like 'tsunami forming' ...
+ 1

Tinfoil hats wearers preaching doom and gloom forever. Never hit $2,000 while many at the time were saying its not stopping until it gets to $10,000

  • #34,453
  • Jul 27, 2015 9:28pm Jul 27, 2015 9:28pm
Quoting SunTrader
{quote} + 1 Tinfoil hats wearers preaching doom and gloom forever. Never hit $2,000 while many at the time were saying its not stopping until it gets to $10,000
I have silver foil hat with a gold lined rim due to gold being overvalued.
  • #34,454
  • Jul 27, 2015 10:46pm Jul 27, 2015 10:46pm
I have to say I was to quick to mention close shorts and build longs from the 1076 area.
Although $1076 is major support for this year we are having trouble moving over 1107 .
Looking at the 3 year floor trader pivot she could go to 1016 area
Tue daily
Bias is down from 1092
1110
1092
1074

Tue daily
$14.93
14.62
14.31
Bias down from 14.62
  • #34,455
  • Aug 3, 2015 11:11pm Aug 3, 2015 11:11pm
as time moves forward so does S/R
Looking at the new Aug monthly time frame, bias is down from pivot 1132-33
1212
1132-33
1052
Looking at the weekly bias is down from weekly pivot 1110
1133
1110
1060
  • #34,456
  • Aug 4, 2015 12:10am Aug 4, 2015 12:10am
Up Up n Away. Gold to follow Au's lead for a major retracement.
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Combat crazy markets with crazy trading
  • #34,457
  • Aug 4, 2015 6:40am Aug 4, 2015 6:40am
If you think all the way to 1178 that is wishful thinking.
  • #34,458
  • Aug 4, 2015 6:47am Aug 4, 2015 6:47am
Quoting SunTrader
If you think all the way to 1178 that is wishful thinking.
Lol. 1125 will do for now.
Combat crazy markets with crazy trading
  • #34,459
  • Aug 4, 2015 7:24am Aug 4, 2015 7:24am
If 1097 at least gets taken out, on a daily closing basis, it just might.
  • #34,460
  • Aug 7, 2015 7:20am Aug 7, 2015 7:20am
For tinfoil hat wearers.
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