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  • #36,781
  • Aug 1, 2024 4:59am Aug 1, 2024 4:59am
Quoting Doublepanda
Less risky sell eurusd & nzdusd high risk appetite sell xagusd & xauusd
A patient dog eats the fattest meat in this world
ryoiki tenkai : Blue Juggernaut
  • #36,782
  • Aug 1, 2024 5:03am Aug 1, 2024 5:03am
Quoting Zairul
{quote} its all over the news since early this year... they said around jun/july... but now maybe September... and so on... anyway precautions
I don’t know what news you were looking but it was 90% that rate cut will be in September not yesterday
How to succeed in zero sum game?
  • #36,783
  • Aug 1, 2024 5:04am Aug 1, 2024 5:04am
Quoting DubaiFX
{quote} thank you for your kind words, randy, appreciated, i do explain those on my channel, actually, it is not very hard it came naturally to me, just start with us economy and try to understand how it works, what is money? why the hell in covid pendamic US trasury printed 1.5T worth of bills. almost 23.% of all the money in circulation waooo, anyways start reading i dont even remember the Books i read like 200 of them, and then remember this is evolving market, so it will be different few months or a year from now then it is today, nothing is...

Teach me sir . Or if any telegram channel can i follow
  • #36,784
  • Aug 1, 2024 5:08am Aug 1, 2024 5:08am
Quoting dempire1
{quote} I don’t know what news you were looking but it was 90% that rate cut will be in September not yesterday
Market is now giving 100% chance of rate cut in September. Some 85% chance for the 25 bps rate cut and 15% for the 50 bps rate cut. Literally, 0% chance that Fed will hold rates steady or hike in September.
  • #36,785
  • Aug 1, 2024 5:14am Aug 1, 2024 5:14am
Quoting Silver-King
{quote} Market is now giving 100% chance of rate cut in September. Some 85% chance for the 25 bps rate cut and 15% for the 50 bps rate cut. Literally, 0% chance that Fed will hold rates steady or hike in September.
Never say 0%. Fed stated pretty clearly that yes, they will cut rates but “it’s data dependant bla bla”. Alot thought Fed were dovish and this might be the reason why market shoot up so high. Seemed pretty neutral to me. Gotta track employment data to see what will happen in September. But any incoming US data that will be less than expected is going to be extra bullish for Dollar.
How to succeed in zero sum game?
  • #36,786
  • Aug 1, 2024 5:19am Aug 1, 2024 5:19am
Guys, you're all still approaching gold like a currency pair and not as an investment asset.

Gold doesn't care about rate cut, that will be inevitably priced in when announced. Just look at the last rate hike. There used to be an inverse correlation gold - interest rates but that's all but gone.

Gold cares about US elections. Gold cares about world events. Gold cares about inflation.
  • #36,787
  • Aug 1, 2024 5:21am Aug 1, 2024 5:21am
Quoting dempire1
{quote} Never say 0%. Fed stated pretty clearly that yes, they will cut rates but “it’s data dependant bla bla”. Alot thought Fed were dovish and this might be the reason why market shoot up so high. Seemed pretty neutral to me. Gotta track employment data to see what will happen in September. But any incoming US data that will be less than expected is going to be extra bullish for Dollar.
Exactly! I agree with that opinion and have already stated in my earlier post that any upside surprise on NFP or CPI will definitely induce doubt on the September rate cut expectation. I'd imagine if NFP comes out strong tomorrow that this 100% chance of Fed cutting rates in September is going to significantly drop and as the consequence lift the USD and put the pressure once again on the markets.
  • #36,788
  • Aug 1, 2024 5:26am Aug 1, 2024 5:26am
Quoting mades
Guys, you're all still approaching gold like a currency pair and not as an investment asset. Gold doesn't care about rate cut, that will be inevitably priced in when announced. Just look at the last rate hike. There used to be an inverse correlation gold - interest rates but that's all but gone. Gold cares about US elections. Gold cares about world events. Gold cares about inflation.
mades hate to break it to you but yes gold by itself is something else but we are trading xau/usd. Check this old but gold
https://www.dailyfx.com/forex/educat..._For_Gold.html
How to succeed in zero sum game?
  • #36,789
  • Aug 1, 2024 5:50am Aug 1, 2024 5:50am
Quoting Doublepanda
{quote} A patient dog eats the fattest meat in this world
_____________________ I like that lol - - - mebbe I must NOT sell my lil farm
Don’t focus on making $$$, focus on protecting what you have.
  • #36,790
  • Aug 1, 2024 5:54am Aug 1, 2024 5:54am
Quoting dempire1
{quote} mades hate to break it to you but yes gold by itself is something else but we are trading xau/usd. Check this old but gold https://www.dailyfx.com/forex/educat..._For_Gold.html
dempire1, hate to break it to you, but the article you posted is 11 years old. That's an eternity on markets. A lot has changed since then.

USDollar - Gold correlation chart has changed over time, especially in the last few years. I'm not saying xauusd isn't dependable on USD value, but the rhythm it moves is way different to typical currency pairs, where things like changes to interest rates really matter. There is no correlation between interest rates and gold price, even the historical negative correlation I mentioned before - I was wrong, there is none.
  • #36,791
  • Aug 1, 2024 5:59am Aug 1, 2024 5:59am
This is no longer a bull market. We have been in this range for 4 months. The reason why bears were hurt more during this period is that they are holding trades from 2000/2200 ish levels. Many have also added shorts during the correction. This made it harder for them to survive each subsequent spikes up. Stay under-leveraged and don't mind the noise if you are long term short.

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ma ma make me happy
  • #36,792
  • Aug 1, 2024 6:00am Aug 1, 2024 6:00am
Quoting mades
Guys, you're all still approaching gold like a currency pair and not as an investment asset. Gold doesn't care about rate cut, that will be inevitably priced in when announced. Just look at the last rate hike. There used to be an inverse correlation gold - interest rates but that's all but gone. Gold cares about US elections. Gold cares about world events. Gold cares about inflation.
Maybe, maybe not. I am inclined to believe that the rate cut by the Fed will have a significant impact on the markets and that everything will start heading up once the Fed actually starts their cutting cycle. We have to go back into the past for a moment... It's September 2007. and Fed has just started cutting interest rates. Silver in September reacts significantly driving the price of the Silver higher. Price of the Silver literally doubled in the span of the next 6 months going from 11.10$ to 21.35$. From March of 2008. the price of the Silver crashed from the high of 21.35$ to 8.50$ in October of 2008. where Silver actually bottomed and went on to reach an amazing price of 50$ from October of 2008. to April of 2011. where it finally made its peak.

Fed's cutting cycle definitely had an impact on the price of Gold and Silver, but since the price collapsed not too long after we may say that Fed's cutting cycle is not the most important aspect for the price of Silver. It's important, but there are some things even more important than Fed's cutting cycle it seems.
  • #36,793
  • Aug 1, 2024 6:07am Aug 1, 2024 6:07am
Quoting Silver-King
{quote} Maybe, maybe not. I am inclined to believe that the rate cut by the Fed will have a significant impact on the markets and that everything will start heading up once the Fed actually starts their cutting cycle. We have to go back into the past for a moment... It's September 2007. and Fed has just started cutting interest rates. Silver in September reacts significantly driving the price of the Silver higher. Price of the Silver literally doubled in the span of the next 6 months going from 11.10$ to 21.35$. From March of 2008. the price of...
Hey, I understand and agree with you. The thing is, whatever happened decade and more ago doesn't really matter. It is like that famous sentence "Past performance is no guarantee of future results" . The main reason, I believe, is, participants on the market have changed. Amount of money has changed. And so on. There used to be a time around and before 2007, when EURUSD would move 100++ pips every single day. Those were the great times.
  • #36,794
  • Aug 1, 2024 6:12am Aug 1, 2024 6:12am
Quoting mades
{quote} dempire1, hate to break it to you, but the article you posted is 11 years old. That's an eternity on markets. A lot has changed since then. USDollar - Gold correlation chart has changed over time, especially in the last few years. I'm not saying xauusd isn't dependable on USD value, but the rhythm it moves is way different to typical currency pairs, where things like changes to interest rates really matter. There is no correlation between interest rates and gold price, even the historical negative correlation I mentioned before - I was wrong,...

It doesn't have to rhythm. It is dependable on USD value and that was the whole point.
How to succeed in zero sum game?
  • #36,795
  • Aug 1, 2024 6:26am Aug 1, 2024 6:26am
Quoting dempire1
{quote} It doesn't have to rhythm. It is dependable on USD value and that was the whole point.
This is the USD - Gold price correlation chart. You can notice significant changes in last few years.
Over the last 50 years, interest rates had only 28% correlation to gold prices. The debate was about interest rates.
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  • #36,796
  • Aug 1, 2024 6:33am Aug 1, 2024 6:33am
Quoting profits7
{quote} _________ Barcelona ist NOT build in 1 day = I mean Rome You gonna stay in Spain or just Vacation Amigo ? - - - I think I'll settle DOWN in Spain next mth

we are staying in fuertevenura until november .
then back to hanover .
  • #36,797
  • Aug 1, 2024 7:35am Aug 1, 2024 7:35am
GOLD Rally up continues target 2457
  • #36,798
  • Aug 1, 2024 7:36am Aug 1, 2024 7:36am
Quoting profits7
{quote} {image} {image}
I hope you are still in the boat
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  • #36,799
  • Aug 1, 2024 7:37am Aug 1, 2024 7:37am
sellers getting annilihated AGAIN
  • #36,800
  • Aug 1, 2024 7:40am Aug 1, 2024 7:40am
Quoting profits7
{quote} {image} {image} {image}
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Don’t focus on making $$$, focus on protecting what you have.
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