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

  • #16,301
  • Feb 10, 2012 10:15pm Feb 10, 2012 10:15pm
Quoting XTrade
........ But no he'd rather have a pile of dollars? I don't quite think so.....
I do. Almost all of his big winners over time have been U.S. multinationals. Which means a bet on the U.S. and our know how. And not more speculative markets including Gold.
  • #16,302
  • Feb 10, 2012 10:31pm Feb 10, 2012 10:31pm
with all this shake-up whats our play next week...
  • #16,303
  • Feb 10, 2012 11:50pm Feb 10, 2012 11:50pm
Hey xt!

http://i176.photobucket.com/albums/w...charts-541.png
  • #16,304
  • Feb 11, 2012 12:30am Feb 11, 2012 12:30am
Quoting SunTrader
Warren Buffett Trashes Gold, But What About Silver?

http://www.cmegroup.com/education/ma...ilver_224.html

Another food for thought:

Warren Buffett: Why stocks beat gold and bonds
http://finance.fortune.cnn.com/2012/...holder-letter/

This remind what my friend said few years ago. The only thing that he like about gold and silver is because no need to look at company balance sheet or company bankruptcy.

cheers
  • #16,305
  • Edited 4:32am Feb 11, 2012 1:26am | Edited 4:32am
I marked off the levels in this by supply demand strategy of sam saiden. Here is the winner.

Odd enchancers=
Trend= down
How Price left the level= Fast
Revist= 1st
Profit margin= 1:3

Therefore it worked out.
Attached Image (click to enlarge)
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  • #16,306
  • Feb 11, 2012 4:58am Feb 11, 2012 4:58am
Yes, but we're now talking about mergers and acquisitions and or hostile takeovers and / or flat out buying companies, not clicking buy and sell on a futures or fx trade station.

I understand what he is saying, yet, there is always a flipside to the coin.

(Unless -he probably has one- a two headed coin)

Betting big on a US multinational company to me is quite different than holding physical Gold.

Only until the last couple years, say 8 - has gold slowly emergerd from the shroud of being used solely as a hedge against inflation, wealth preservation, and a viable / profitable trade and day trade. Look at the price action from say 1990 to 2000. See chart below if I can find one.

Look I am certainly no W. Buffet or I wouldn't be exchanging ideas on FF, I would be sipping on champagne at a comfortable cruising attitude surrounded by beautiful women looking for the next company I wan't to buy. I do find it hard to believe he has not profited from gold and I'M SURE if MR. B is so unhapppy with his physical holdings there are plenty willing to take it off his hands.

This is the best I could do to show progression.
Quoting SunTrader
I do. Almost all of his big winners over time have been U.S. multinationals. Which means a bet on the U.S. and our know how. And not more speculative markets including Gold.
FIVE YEAR CHARTs
http://www.kitco.com/LFgif/au95-99.gif http://www.kitco.com/LFgif/au00-04.gif
Other Charts
http://www.kitco.com/LFgif/au95-pres.gif http://www.kitco.com/LFgif/au00-pres.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,307
  • Feb 11, 2012 5:22am Feb 11, 2012 5:22am
Some crucial levels 26 (reaction low) could flip gold back down,
there are sellers that brought it further down from there.
If going above 34 and staying there we are in another range (to top high)

For now and until level 26, there should be only buying, after seeing a higher reaction low... But anyways since this is a Friday, you never know what Monday gives ya.

Cheers

add : 18 could become support
Attached Image (click to enlarge)
Click to Enlarge Name: gold111.jpg Size: 110 KB
Old Habits Die Hard.
  • #16,308
  • Feb 11, 2012 5:30am Feb 11, 2012 5:30am
Here is some TA from an my buddy from another forum,
He is an experienced Gold / Silver / etc. Futures trader.

This is his interpretation of the triangle.

According to his view which is possible we could see another more real retest of the broken DTL which would only bring us back to 1650 break point before
going up up and away.

I'll see if I can pull another one off also.
Gold Charts

http://i176.photobucket.com/albums/w...harts-1669.png

Silver
http://i176.photobucket.com/albums/w...charts-541.png

silver stock

http://http://i176.photobucket.com/a...charts-443.png
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,309
  • Feb 11, 2012 6:03am Feb 11, 2012 6:03am
I hope we go up, point A may be anywhere near that area.
Attached Image (click to enlarge)
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  • #16,310
  • Feb 11, 2012 6:24am Feb 11, 2012 6:24am
Quoting trexy123
Anyone uses MT4 for trading gold silver ?
me using mt4
  • #16,311
  • Feb 11, 2012 6:43am Feb 11, 2012 6:43am
Quoting XTrade
Here is some TA from an my buddy from another forum,
He is an experienced Gold / Silver / etc. Futures trader.

This is his interpretation of the triangle.

According to his view which is possible we could see another more real retest of the broken DTL which would only bring us back to 1650 break point before
going up up and away.

I'll see if I can pull another one off also.
Gold Charts

http://i176.photobucket.com/albums/w...harts-1669.png

Silver
http://i176.photobucket.com/albums/w...charts-541.png

silver...


Real nice chart there, simple and realistic, Thanks for sharing.
  • #16,312
  • Edited 9:21am Feb 11, 2012 8:47am | Edited 9:21am
eye on the trends.
silvers single year primary trendguide or pivot is 34.50 and has been showing resistance as we went into 4th quarter and onto looking for 2012 support.
as we keep in mind once broken north in 2011 34.50-64 area was last years support on towards 2011 highs.
2012 spells bear below 34.50 resistance so hold on to your shorts from this week till proven wrong. those rewarding selves with partials from this years 27.00 area entrys, cheers.
a break below weekly lows and feb. monthly trendguide 31.65-70 area spells bears.
On a smaller timeframe the weekly, 33.16 is this weeks trendguide, 34.70-90 is weekly highs, 36.20 area is feb. highs

this week gold did not make it to this weeks projected highs or even above last weeks highs 1754-59 area.
thur rotation back from thur. daily highs continued south from fri. pivot 1733 to fri. lows area however on the higher weekly timeframe chart we are above this weeks trendguide 1710.
  • #16,313
  • Feb 11, 2012 12:01pm Feb 11, 2012 12:01pm
These are my reasons to believe in a bear market right now.

1. Since september, bearish waves are faster than bulllish waves. It is said that speed belongs to impulsive waves, and these are the ones that prints new highs or lows. duh! lol

2. Since September we have lower highs and lower lows.

3. There is a bearish hidden RSI and MCD divergence in daily charts, wich could mean only a retracement and not a reversal.

4. RSI in Monthly chart shows a bearish failure swing.

I'll quote the meaning of that:

Quote
Wilder also considered failure swings as strong indications of an impending reversal. Failure swings are independent of price action. In other words, failure swings focus solely on RSI for signals and ignore the concept of divergences ... A bearish failure swing forms when RSI moves above 70, pulls back, bounces, fails to exceed 70 and then breaks its prior low. It is basically a move to overbought levels and then a lower high below overbought levels.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi

5. In Weekly charts there seems to be a descending channel from sep' High to recent high. Drawing a parallel line starting from recent low and going backwards price has reacted 3 times just at it, another time was very close and, there are two obviuos breaks. last week of september and first week of october. However price of first break closed fairly near the line, almost there, and in the second break proce closed above that line.
Attached Image(s) (click to enlarge)
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  • #16,314
  • Feb 11, 2012 1:17pm Feb 11, 2012 1:17pm
Quoting XTrade
Where is this information from?

And are you talking about on the COMEX? (Futures)

I doubt the FX dealers will be allowed to lower margin reqs.

Link if you have one please
sorry it took so long...
http://www.zerohedge.com/news/cme-cu...copper-margins
  • #16,315
  • Feb 11, 2012 9:16pm Feb 11, 2012 9:16pm
Hi all Gold trader,

Care to share with me what indicators or time frame do you use to trade for gold. Can the same indicator use for FX be applied ? And also the timing of Gold, when is the best timing, or similar to FX too.
  • #16,316
  • Edited Feb 12, 2012 7:37am Feb 11, 2012 10:42pm | Edited Feb 12, 2012 7:37am
[quote=jsr;5376801]These are my reasons to believe in a bear market right now.

1. Since september, bearish waves are faster than bulllish waves. It is said that speed belongs to impulsive waves, and these are the ones that prints new highs or lows. duh! lol

2. Since September we have lower highs and lower lows.

3. There is a bearish hidden RSI and MCD divergence in daily charts, wich could mean only a retracement and not a reversal.

4. RSI in Monthly chart shows a bearish failure swing.

I'll quote the meaning of that:


[url="http://stockcharts.com...[/quote]

jsr
Id like to see your view on silver as I believe the bear market starts at the 34.50 area.
as far as gold goes I have to differ with ya .
my line is drawn @ 1597-1600 area with bulls above and bears below. (right about where hawkeye lines cross on picture above)
thats a 10-4 on sept. rotation back from 2011 highs to retest 2011 yearly breakout @1551 area in dec.
however the push up in jan from 1551 area on thru 1600 along with looking at the last quarter and even the last 3 quarters its bulls from there the 1629-32 area.
as we go as far as an intermediate trend the monthly of feb. the bulls are out from 1680-87 area.
thats a 10-4 on the weekly trend line and the last 2 weeks highs 1754-59 resistance and rotation back on the daily and will take it a day at a time.
Just as golds 2011 breakout was 1551, silver 2011 was 34.64 area which lines up with 2012 single year trendguide 34.51 which to me spells bear below.
Again , although I differ with gold Id like to read your angle on silver as I assume you would view that as bearish.
  • #16,317
  • Feb 11, 2012 11:18pm Feb 11, 2012 11:18pm
HAWK YOU MADE IT!!!! GLAD TO SEE YOU OVER HERE!!!!

We have a range from pro's to noobs. But all with the common interest of trading GOLD and SILVER!

Welcome!!!
Quoting Hawkeye19
Hey xt!

http://i176.photobucket.com/albums/w...charts-541.png
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,318
  • Feb 11, 2012 11:27pm Feb 11, 2012 11:27pm
Your rejection point on gold is technically wrong.
Try drawing the line from the swing high of 1920 and see that the price has broken it.

[quote=jsr;5376801]These are my reasons to believe in a bear market right now.

1. Since september, bearish waves are faster than bulllish waves. It is said that speed belongs to impulsive waves, and these are the ones that prints new highs or lows. duh! lol

2. Since September we have lower highs and lower lows.

3. There is a bearish hidden RSI and MCD divergence in daily charts, wich could mean only a retracement and not a reversal.

4. RSI in Monthly chart shows a bearish failure swing.

I'll quote the meaning of that:


[url="stockcharts.com...[/quote]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,319
  • Feb 11, 2012 11:30pm Feb 11, 2012 11:30pm
So trade stox.

Gold is way more fun.

Quoting zam4ever
Another food for thought:

Warren Buffett: Why stocks beat gold and bonds
http://finance.fortune.cnn.com/2012/...holder-letter/

This remind what my friend said few years ago. The only thing that he like about gold and silver is because no need to look at company balance sheet or company bankruptcy.

cheers
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,320
  • Feb 11, 2012 11:34pm Feb 11, 2012 11:34pm
I actually am quite bearish on silver this week reguardless of greek outcome i still see silver falling from a technical viewpoint i know its against recent trend
Attached Image (click to enlarge)
Click to Enlarge Name: silverweekly.jpg Size: 92 KB

I am no expert at forex but i can't ignore the possible chance of downturn on the weekly which will make me cautious to buy might just sit on the sidelines this week
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