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

  • #3,521
  • Mar 13, 2011 4:32pm Mar 13, 2011 4:32pm
Quoting Orbital
So youre expecting a drop to 26$ from the current level this week? A bit optimistic given the current situation =/
I'm expecting a drop to $26 but that CERTAINLY can NOT happen in one week. It might be note worthy to state here that I just sold again @ 36.38 about 30mins ago. The TP is open. Happy trading! Meshach
  • #3,522
  • Mar 13, 2011 5:02pm Mar 13, 2011 5:02pm
Quoting forexcompoun
I'm expecting a drop to $26 but that CERTAINLY can NOT happen in one week. It might be note worthy to state here that I just sold again @ 36.38 about 30mins ago. The TP is open. Happy trading! Meshach
Stoploss?
  • #3,523
  • Mar 13, 2011 5:14pm Mar 13, 2011 5:14pm
Quoting forexcompoun
I'm expecting a drop to $26 but that CERTAINLY can NOT happen in one week. It might be note worthy to state here that I just sold again @ 36.38 about 30mins ago. The TP is open. Happy trading! Meshach
Whats your timeframe ?
  • #3,524
  • Mar 13, 2011 11:25pm Mar 13, 2011 11:25pm
Quoting XTrade
Not sure where you are getting these figures from but they are not accurate.
this was from one mine a few days ago. So a little bit less.


"For 2011, we expect production to increase to between 380,000 and 400,000 ounces," Oliphant said. "And we have targeted costs of $430 to $450 an ounce."

these guys are super efficient

http://www.cityam.com/news-and-analy...osts-fresnillo

Fresnillo said its production costs were in the lowest quartile of the industry at $3.30 an ounce for silver and below $400 an ounce for gold.

http://www.silver-prices.net/endeavo...ation-lucky-7/

Cash costs are expected to continue to decline from US$5.93 per oz range reported in Q3, 2010. Assuming US$24 silver and US$1320 gold, Endeavour anticipates its operating profit margin will exceed US$18 per oz in 2011.
  • #3,525
  • Mar 13, 2011 11:41pm Mar 13, 2011 11:41pm
Quoting Orbital
Whats your timeframe ?

within 6 weeks IMO based on that article you did not like, IF it is a top now.
  • #3,526
  • Mar 14, 2011 5:30am Mar 14, 2011 5:30am
Quoting Orbital
Whats your timeframe ?
Find chart attached. I do hope the wise would take heed.
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  • #3,527
  • Mar 14, 2011 6:30am Mar 14, 2011 6:30am
Quoting forexcompoun
Find chart attached. I do hope the wise would take heed.
Not a huge fan of trendline analysis, the point of the chart is to demonstrate what? A reversal in play? or a breakout through the upper TL?
  • #3,528
  • Mar 14, 2011 6:57am Mar 14, 2011 6:57am
It seems the argument here lately is which way silver will go.

I will lend one other option.

THere is the possibility that silver pares it's gains. In which we would see a range forming consolidation then after time a likely break in one direction.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,529
  • Edited 7:15am Mar 14, 2011 7:02am | Edited 7:15am
rather than trying to catch the very top or the very bottom why not adjust the parameters of your dealing by trading the smaller timeframes and that will add up to a bigger timescale.....personally i don't care which way the metals move on a day-to-day basis, i trade what i see. if you are looking to buy or sell on a timescale of days, weeks or years then obviously this does not apply and would suggest you place your orders in several lots rather than all at once - this allows you to average in to a position....

beeb
  • #3,530
  • Mar 14, 2011 7:40am Mar 14, 2011 7:40am
Quoting Orbital
Not a huge fan of trendline analysis, the point of the chart is to demonstrate what? A reversal in play? or a breakout through the upper TL?
I dare say that price WOULD NOT penetrate the upper channel extreme.
I'm confident of my line analysis.
The wise should take heed.
Meshach
  • #3,531
  • Mar 14, 2011 7:55am Mar 14, 2011 7:55am
Quoting forexcompoun
The wise should take heed.

hmmm...."Pride comes before a fall" my friend


beeb
  • #3,532
  • Mar 14, 2011 8:23am Mar 14, 2011 8:23am
Quoting forexcompoun
I dare say that price WOULD NOT penetrate the upper channel extreme.
I'm confident of my line analysis.
The wise should take heed.
Meshach
Alrighty thanks for the insight.
  • #3,533
  • Mar 14, 2011 9:22am Mar 14, 2011 9:22am
might have a short on if we ever get to 1430.
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  • #3,534
  • Mar 14, 2011 9:42am Mar 14, 2011 9:42am
with the trend is your friend in mind, any shorts should be smaller in size and short lived.
http://dont-tread-on.me/the-silver-window-is-closing/
  • #3,535
  • Mar 14, 2011 10:17am Mar 14, 2011 10:17am
Quoting Orbital
Alrighty thanks for the insight.
You are most welcome bro.
Your performance at the dukascopy contest is quite impressive. Keep up the good work.
Meshach.
  • #3,536
  • Mar 14, 2011 10:18am Mar 14, 2011 10:18am
Quoting lilpip
with the trend is your friend in mind, any shorts should be smaller in size and short lived.
http://dont-tread-on.me/the-silver-window-is-closing/
Could be, I modified one of his charts tough
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  • #3,537
  • Mar 14, 2011 1:58pm Mar 14, 2011 1:58pm
You guys should pay more attention to supply and demand and less attention to some conspiracy theorists websites...
  • #3,538
  • Mar 14, 2011 3:17pm Mar 14, 2011 3:17pm
Quoting Euroscum
Could be, I modified one of his charts tough
I think we are below "You are Here" since there hasn't been any media attention other to say silver is no good.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #3,539
  • Mar 14, 2011 3:23pm Mar 14, 2011 3:23pm
GC 20min - yellow fork has been trending nicely for a while

beeb
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  • #3,540
  • Edited 4:32pm Mar 14, 2011 4:12pm | Edited 4:32pm
Quoting Euroscum
Could be, I modified one of his charts tough
If you guys really think we are there in that silver graph, then that means you are really buying Bernanke's crap and ignoring the good ol' fundamentals which are way too strong favouring the upside and we still have a lot to go.

Think about the fundamentals for a bit

  1. Silver Scarcity
  2. Peak Oil 5 yrs away
  3. Electronics heavily need silver components
  4. Race for alternative energies has started, that means nuclear (we currently pass through the re-birth of the nuclear industry), geothermal, more solar and more wind - think of all these... how much silver do you require for solar panels??? none? better do a better research, in fact solar panels heavily depend on silver to work. And the amount needed to build just one nuclear power station? China plans is to finish 200 nuclear plants by 2020.
  5. Quantitative easing continues, USD depreciates... So are most currencies
  6. At the moment its physically impossible to pay this debt all countries "accumulated" and it won't be possible for a long time. Just think about it... research the numbers you'll see it's impossible.
  7. More and more and more austerity measures are being introduced in various countries
  8. Silver Gold Ratio needs a catch-up -> research it
  9. We are heading for hyperinflation... accept it and buy the physical precious metals to protect your wealth... you're still on time* see how it happened in the great depression on thee pic below. That can give us a timeline untill we hit rock bottom/bubble/the area you say we are in
  10. A hedge fund told me exactly the same way and that they'll keep on buying silver, shorting nat gas, buying uranium and a few others...


Don't live illusions, the facts are there.... make your own research and see it.
It has happened before, it can happen again...

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