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Silent Service Method

  • #10,701
  • Sep 14, 2010 8:21am Sep 14, 2010 8:21am
Quoting soso
GoDaddy is known to be unreliable. There are plenty of alternatives that are relatively reliable. Maybe not as cheap as GoDaddy but definetely not expensive.

Yeah, the blog is actually on bluehost......I have found them to be cheaper and reliable. Of course, the migration over there would be a royal pain.....and that's mainly why I havent done it yet.
  • #10,702
  • Sep 14, 2010 8:26am Sep 14, 2010 8:26am
Gold is where I think a lot of the action may be today. We are at the highs, and about to crush a bearish weekly pinbar.....maybe.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 37 KB
  • #10,703
  • Sep 14, 2010 9:21am Sep 14, 2010 9:21am
Nice Call, its up to 1267 as of 10:15.

I was thinking about pulling my gold account and putting it into Forex trading, but maybe its time to buy again?

I can't short gold, only buy it, which is rather inflexible. OTOH, when I buy I own physical rather than a piece of paper in an ETF. If you were going short based on the test of the high, you're probably hurting now.

On the FX side, I'm looking at EURGBP based on its 4H pin retesting 8390. Its not a huge weekly area, will watch the daily to see what it does.
Disregard all prognostications.
  • #10,704
  • Sep 14, 2010 10:51am Sep 14, 2010 10:51am
Pidgeon -- With Oanda you can buy/sell XAU & XAG (Gold/Silver) on the long/short side. But it's not physical gold -- I assume when you say you buy/sell physical you're referring to something like this: https://online.kitco.com/poolaccount.html Because buying (and taking delivery) and then selling physical coins can entail a very high bid/ask.

As for trades... Stocks hanging around that 50% Fibonacci level, lot of breakouts on non-US stock Indexes, DBA is still looking good (DBA is the Agriculture ETF and really most the Ag futures by themselves look good) and there is just nothing bullish at all about USD/JPY...

Dollar Index Chart:
Attached Image
  • #10,705
  • Sep 14, 2010 1:05pm Sep 14, 2010 1:05pm
Thanks Infinity! I didn't know Oanda had gold and silver. Of course some of the MT4 shops have it as well, if you trust them.

I am using bullion vault currently, but really I don't own enough to make it necessary. I would recommend them if you wanted to accumulate a large physical position. Also your non-metal account funds can be stored in EUR, GBP, or dollars. If you accumulate 1KG of gold (35 ounces), they will assign you an actual bar number in their vault. Selling is very easy, but you are selling to other members who want to buy, using rates close to spot.

The one thing I really dislike about Oanda is their raising of the spreads to stay open on the weekend. I'd rather they just closed trading with the rest of the world.
Disregard all prognostications.
  • #10,706
  • Sep 14, 2010 1:50pm Sep 14, 2010 1:50pm
Hello Guys,
I just read the whole thread and loved it.
Clockwork,you have done a wonderful job providing this useful resource.
I hope to contribute as soon as possible,but be lenient upon me.
See you later Guys,
Doom
  • #10,707
  • Sep 14, 2010 1:52pm Sep 14, 2010 1:52pm
Yep - looks like the world loves gold.
  • #10,708
  • Sep 14, 2010 2:36pm Sep 14, 2010 2:36pm
Quoting clockwork71
Yep - looks like the world loves gold.
Only us men!

As we all know diamonds are the girls best friend
  • #10,709
  • Sep 14, 2010 3:47pm Sep 14, 2010 3:47pm
Quoting clockwork71
Yep - looks like the world loves gold.
The world love gold......And Sugar!

http://finviz.com/publish/091410/SGGc1dl1627.png

Keep in mind, Chris posted about this on May 7th. (SGG was at $39.95 - Here was how the chart looked at the time). Not a bad return for a 4-month holding period... and keep in mind -- that's without any leverage at all...

Granted, it's looking a little toppy to me right now though... But I suppose it doesn't pay to fight the trend...certainly wouldn't enter a position in here but damn, that's what I call a good trade...

I promise, this'll be the last time I go back to that one... I just love seeing a beautiful chart.
  • #10,710
  • Sep 14, 2010 4:13pm Sep 14, 2010 4:13pm
Quoting InfinitySL
The world love gold......And Sugar!

http://finviz.com/publish/091410/SGGc1dl1627.png

Keep in mind, Chris posted about this on May 7th....

The real money to be made was in the futures market. Good Lord.....someone made a bundle. Wasn't me though - that contract is for the big dogs.
  • #10,711
  • Sep 14, 2010 4:14pm Sep 14, 2010 4:14pm
Quoting InfinitySL
The world love gold......And Sugar!

http://finviz.com/publish/091410/SGGc1dl1627.png

Keep in mind, Chris posted about this on May 7th....
Ok, I'll say it then: I'd call that a - - - sweeet trade

Sorry, I'll try to shape up and post something useful next time.
  • #10,712
  • Sep 14, 2010 4:15pm Sep 14, 2010 4:15pm
Quoting o990l6mh
Only us men!

As we all know diamonds are the girls best friend
Funny you mention that. I haven't really made a big point of posting this, but I write for a financial site out of London, on UK companies.....mainly the FTSE companies.

I was writing just today about Rio Tinto expanding the Argyle mine in Western Oz, which is one of the world's largest mines for diamonds. They stated a huge demand for diamonds out of India, Japan, and China.
  • #10,713
  • Sep 14, 2010 4:17pm Sep 14, 2010 4:17pm
Quoting o990l6mh
Ok, I'll say it then: I'd call that a - - - sweeet trade


No Pun intended? No...that pun was totally intended (and incidentally hilarious).
  • #10,714
  • Sep 14, 2010 4:20pm Sep 14, 2010 4:20pm
Quoting clockwork71
Funny you mention that. I haven't really made a big point of posting this, but I write for a financial site out of London, on UK companies.....mainly the FTSE companies.

I was writing just today about Rio Tinto expanding the Argyle mine in Western Oz, which is one of the world's largest mines for diamonds. They stated a huge demand for diamonds out of India, Japan, and China.
I guess that makes sense. Since the wheels, at least for now, are starting to turn again I suppose the industry demand for diamonds will increase.

After all, only a small fraction of diamonds end up in jewelery, most of ends up in abrasive discs, in laser devices etc.

in Sweden there was one analyst today who suggested that silver would outperform gold over the short term. Who knows, maybe his fund is long silver? Or maybe he's actually right, or both...

Anyhow, that also suggests a strong demand for raw materials.
  • #10,715
  • Sep 14, 2010 7:45pm Sep 14, 2010 7:45pm
I am in the car, on the way back form the gym.....

and then the radio commercial comes on. It talks about the new "Smart Rate" mortgages available through Third Federal. Tucked away subtly in that commercial? The phrase "adjustable mortgage."

Unf**king real.

Some people just do not learn. I knew someone would be stupid enough to bring these things back, but I figured that was a few more years down the road.

Idiots.
  • #10,716
  • Sep 14, 2010 9:44pm Sep 14, 2010 9:44pm
Japanese Intervention. It look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.png Size: 38 KB
  • #10,717
  • Sep 15, 2010 2:24am Sep 15, 2010 2:24am
finally get the BoJ intervention we have been waiting for
  • #10,718
  • Sep 15, 2010 8:08am Sep 15, 2010 8:08am
Quoting dengzhi
finally get the BoJ intervention we have been waiting for

Yes, and they even went so far as to announce what level they are protecting - 82

Pretty clear I would say.
  • #10,719
  • Sep 15, 2010 8:23am Sep 15, 2010 8:23am
Quoting dengzhi
finally get the BoJ intervention we have been waiting for
Of course they intervene - right after I say "There's nothing bullish at all about USD/JPY". hahaha. At least I know how much I don't know!

Well, luckily a couple of my key levels on Cad/JPY & Eur/JPY got taken out so I was along for a piece of the ride, but hot damn...what a move!
  • #10,720
  • Sep 15, 2010 2:04pm Sep 15, 2010 2:04pm
It's funny, it barely makes a dent on the weekly chart. Good to even know the level they are protecting too!
Position trader - Anything intraweek is just noise...
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