XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 401 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #8,001
  • Jul 14, 2011 5:15am Jul 14, 2011 5:15am
eyes open 1594 and 38.91
  • #8,002
  • Jul 14, 2011 8:38am Jul 14, 2011 8:38am
Options expiry does not always have this profound effect on the price of gold as you seem to continually mention.

Once the high is exhausted and has hit significant technical resistance along with perhaps some positive US / EUR data there will be a pullback - options expiry pending or not.

Quoting allngap
if wanna buy gold, have to wait for a pullback.

it's nearing 10day climb from the bottom.

just need to wait for another 2 weeks, then will have another metal expiration, during that will be another pullback.

check end of month pattern.

i'm shocked to look at the angle of the climb, BEARs retreated fully from this. absolutely no pullback. On the contrary, it's kinda scary because you might get so drunk at this since it's so easy to make money.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,003
  • Jul 14, 2011 10:59am Jul 14, 2011 10:59am
hi pip hope things are good.

just curious about your 38.91 level. are you seeing it as a pivot, s/r?

mitch

Quoting lilpip
eyes open 1594 and 38.91
  • #8,004
  • Jul 14, 2011 11:41am Jul 14, 2011 11:41am
Hi,
I am using FOREX.com for trading metals. Starting tomorrow, they are shutting down metals. Any other brokers to trade these? thanks.
  • #8,005
  • Jul 14, 2011 12:34pm Jul 14, 2011 12:34pm
Do some research. or DYODD

Sorry. But you could also try reading some of the thread.

Thanks.

Quoting PipMakers
Hi,
I am using FOREX.com for trading metals. Starting tomorrow, they are shutting down metals. Any other brokers to trade these? thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,006
  • Jul 14, 2011 1:03pm Jul 14, 2011 1:03pm
Going out with a BANG.....

Until I get my overseas account setup - it looks like it's physical trading and demo trading for me.

All lower positions squared.

These are my last hold outs until D-DAY for US XAU and XAG traders.
Thread started in 09. it's now 2011. and we have climbed 600 USD per troy oz Gold. The rate of return on silver from thread inception is even more staggering.

I will fill it in here ______________________/.

Not a happy day.

I have no intention of closing the thread and would like to thank the valuable contributors (on a regular basis - you know who you....) for making this thread more than just me talking to myself!!

I will still update and make calls and add commentary. Maybe do some writing on my method.

Also OAND@ trading at 0 leverage is not worth it for me. I can do better with physical Gold and Silver Bars and Coins. Now let's hope there are still demos willing to quote USA citzs with Spot quotes.

Here they are.
XTrade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD LAST TRADE 4 now.GIF Size: 37 KB
Click to Enlarge Name: Silver LAST TRADE _4 now.GIF Size: 38 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,007
  • Jul 14, 2011 5:03pm Jul 14, 2011 5:03pm
I hope to still see you around XTrade, your posts are very useful for us, to learn a lot..

do you have any chance to migrate to Europe account or?

I migrated my account to OANDA UK to be able to trade with leverage.
The Black Swan: The Impact of the Highly Improbable
  • #8,008
  • Jul 14, 2011 5:18pm Jul 14, 2011 5:18pm
Its somehow sad to know that our US friends are being subjected to the ridiculous laws of no-leveraging of spot silver and gold.

Just come to Singapore, China, Taiwan, Asia. Whereever. Its a much better place for earning money we dont get subjected all those ridiculous regulations by the US government.
  • #8,009
  • Jul 14, 2011 5:31pm Jul 14, 2011 5:31pm
Looking for reenter around 37 while next week.
Attached Image
  • #8,010
  • Jul 14, 2011 5:33pm Jul 14, 2011 5:33pm
1544. 1513. seems too far, but hey.

XTrade you gotta move to Hong Kong and opens an account there. It's like the Asian version of New York.
Attached Image (click to enlarge)
Click to Enlarge Name: gold rebound.jpg Size: 93 KB
trading is my zen
  • #8,011
  • Jul 14, 2011 5:58pm Jul 14, 2011 5:58pm
Or to Australia - I would gladly put you up in appreciation of everything I have learnt from you in the past few weeks since I found this thread that is returning me to sanity! (thanks also to Beeb, ShirlyLo, Bemac & the many other regular contributors, hopefully before too long I will be confident enough to contribute in return). I really hope you can sort something out to circumvent this ridiculous Big Brother ruling!
  • #8,012
  • Jul 14, 2011 6:57pm Jul 14, 2011 6:57pm
Quoting PipMakers
Hi,
I am using FOREX.com for trading metals. Starting tomorrow, they are shutting down metals. Any other brokers to trade these? thanks.
I'm currently using foremetal, they seem to be pretty good.
No probs so far. Only metal they offer is gold.

regard,
rozario173
  • #8,013
  • Jul 14, 2011 7:16pm Jul 14, 2011 7:16pm
Quoting ShirleyLo
1544. 1513. seems too far, but hey.

XTrade you gotta move to Hong Kong and opens an account there. It's like the Asian version of New York.
The air quality there is like poisonous lol.
  • #8,014
  • Jul 14, 2011 7:32pm Jul 14, 2011 7:32pm
Quoting hareanone
The air quality there is like poisonous lol.
I enjoyed Kowloon & actually did the 24Hr Tailor thingy. Got a Tailor Made Top Coat for me & my wife got a leather Jerkin fro a tenth of the price they would have cost in the West.
(Still not sure Why they needed my wife's groin measurements for a Jacket but maybe they hadn't see too many True Redheads.)

BEST Coat I Ever Owned.
I wear it in Canadian Winters to "Dress Up" Events still.
Light as a feather & Warm as a Stove.
Fit's like a glove & ... just feels good when I out it on.
One of those things in life when you look back & say Yeah... Good Choice.

B
Edit Add.
Still wear (wtf was the name of that pub down by the dock) HK Rugby Sevens Shirts today. AND Our City now has Dragon Boat Races as an Annual event.
Everyone should ride the Star Ferry at least once.
  • #8,015
  • Jul 14, 2011 7:49pm Jul 14, 2011 7:49pm
Quoting XTrade
Going out with a BANG.....

Until I get my overseas account setup - it looks like it's physical trading and demo trading for me.
we've had a good oppurtunity @ the $34-$35 area to ad to our physical, if we somehow end up at the $30 area it gives me another oppurtunity for a big buy.
Keep stacking.
  • #8,016
  • Edited 9:57pm Jul 14, 2011 8:23pm | Edited 9:57pm
with daily closings this week above the projected yearly highs 1551 is once again spelling bull. Once above this quarters projected highs 1594 and its the same pattern as silver the last to years so it would not surprise me if we add last years entire range to 1551.

So its showtime, up or down, silver as expected rotated back to the monthly trend guide $38.91, lets see if she extends back out to the 35.38 area for 1 more test of the quarterly support.
with gold at quarterly highs @ 1594 lets see if she test yearly breakout @ 1551 next week confirming with a weekly close above, eyes open they will lead the way.
  • #8,017
  • Jul 14, 2011 8:40pm Jul 14, 2011 8:40pm
Bank Stress Test Results for Europe will be decisive for Euro and Gold..!!

knock-knock 1600 is on its way..
  • #8,018
  • Jul 14, 2011 9:06pm Jul 14, 2011 9:06pm
These changes affecting US spot bidding, will this have any effect on the price next week?

Mainly all the people still holding short positions on silver.. when they close simultaniously.. is it going to propel silver north?

Does it also have any effect on the HUGE short positions held by JPM and co.?

In my opinion, it is another step towards letting the metal prices react in accordance with the real SUPPLY and DEMAND, not to be controlled by big hedging companies manipulating the prices and getting away with it. *cough JPM*

Thanks

Mitch
  • #8,019
  • Jul 14, 2011 9:20pm Jul 14, 2011 9:20pm
Gold had been going consistently up since Y2000....its almost
certainly will go higher....will 2000.00 be the ultimate target?
We have to wait patiently and see....
  • #8,020
  • Jul 14, 2011 9:40pm Jul 14, 2011 9:40pm
Quoting ShirleyLo
thanks for that daily! what's your view on Bernanke tonight? I still see a shoot up just because of that fundie
Sorry I didnt get a chance to get back to ya.
I dont really concern myself much with what is said at a news report and why the market did or did not go in a expected direction.
I watch the 5 min. and its response to price at the H/L/50% areas for direction as price will most of the time sit at one of the timeframes and decide the direction.
Also, sometimes we are not always privy to announcements .
95 traders viewing now