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

  • #9,981
  • Sep 12, 2011 9:35am Sep 12, 2011 9:35am
Short XAGUSD at 41.61 still a movin where it will
  • #9,982
  • Sep 12, 2011 10:21am Sep 12, 2011 10:21am
Closed all XAG shorts .... will re-enter when the above poster(s) get squeezed out.
  • #9,983
  • Sep 12, 2011 10:40am Sep 12, 2011 10:40am
hah, funny. I'm covered as well, with LME closed I'm not hanging around.


Quoting Warwick
Closed all XAG shorts .... will re-enter when the above poster(s) get squeezed out.
  • #9,984
  • Sep 12, 2011 10:44am Sep 12, 2011 10:44am
What's LME??
  • #9,985
  • Sep 12, 2011 10:45am Sep 12, 2011 10:45am
Why close the shorts so early. On my charts I see a little more steam being puffed down for Silver.

Quoting Warwick
Closed all XAG shorts .... will re-enter when the above poster(s) get squeezed out.
  • #9,986
  • Sep 12, 2011 10:48am Sep 12, 2011 10:48am
London metal's exchange

Quoting KinG-Solomon
What's LME??
  • #9,987
  • Sep 12, 2011 10:51am Sep 12, 2011 10:51am
Still not understanding you, LME's closed...and so what does that have to do with the price of Silver not continuing to steadily drop.

Quoting Blud4oilPrgm
London metal's exchange
  • #9,988
  • Sep 12, 2011 10:54am Sep 12, 2011 10:54am
Less overall market liquidity means price is more prone to squeezes.

I'll be looking at re-entries during Tokyo fix.
  • #9,989
  • Sep 12, 2011 10:57am Sep 12, 2011 10:57am
Squeezes as in large upward movement?

Quoting Blud4oilPrgm
Less overall market liquidity means price is more prone to squeezes.

I'll be looking at re-entries during Tokyo fix.
  • #9,990
  • Sep 12, 2011 11:30am Sep 12, 2011 11:30am
It has already moved -4% today. Party is most likely over for today.
  • #9,991
  • Sep 12, 2011 11:41am Sep 12, 2011 11:41am
Quoting realjumper
steeper climb due to EU and USD concerns is foolish because what's going on in the world has never happened before, and therefore, we have no example to follow.
Not really true. Every fiat currency that has ever existed has failed, but gold always has held value.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,992
  • Sep 12, 2011 11:42am Sep 12, 2011 11:42am
Correction:

XAGUSD short closed at 39.72

Multiple longs opened at 39.76
  • #9,993
  • Sep 12, 2011 12:02pm Sep 12, 2011 12:02pm
Quoting KinG-Solomon
Correction:

XAGUSD short closed at 39.72

Multiple longs opened at 39.76
..... Good Luck.
  • #9,994
  • Sep 12, 2011 12:24pm Sep 12, 2011 12:24pm
Right. When you short silver/gold outside exchange hours, in effect you are buying the dollar and all of the sneezes and global whims that come along with it. That is unless you have a super sophisticated broker like Saxo bank that can handle gold crossed with other papers.



Quoting KinG-Solomon
Squeezes as in large upward movement?
  • #9,995
  • Sep 12, 2011 12:45pm Sep 12, 2011 12:45pm
Quoting Blud4oilPrgm
London metal's exchange
I used to work there - put in a whole load of cisco routers/load balancers/switches for them

*Edit* I don't think they do precious metals

*EDIT again* yes they do.. should really know that hehe - wasn't into trading back then was just an IT contractor working in th city
Anything can happen.
  • #9,996
  • Sep 12, 2011 12:56pm Sep 12, 2011 12:56pm
Sweet, I was watching a show about it the other day--they were showing the huge warehouse with hold bars stacked on pallets several feet high.

You should have asked for the grand tour!


Quoting ddinnov
I used to work there - put in a whole load of cisco routers/load balancers/switches for them

*Edit* I don't think they do precious metals

*EDIT again* yes they do.. should really know that hehe - wasn't into trading back then was just an IT contractor working in th city
  • #9,997
  • Sep 12, 2011 5:13pm Sep 12, 2011 5:13pm
http://upic.me/i/wn/13-9-25547-09-47.png
  • #9,998
  • Sep 12, 2011 6:51pm Sep 12, 2011 6:51pm
Quoting redbull
http://upic.me/i/wn/13-9-25547-09-47.png

What does that mean? Pls explain, thank you.
  • #9,999
  • Sep 12, 2011 6:59pm Sep 12, 2011 6:59pm
Quoting LasVahGoose
Not really true. Every fiat currency that has ever existed has failed, but gold always has held value.
That's true, but it isn't what I was meaning. I'm not denying that gold has, and always will hold value. I'm saying, that the bull run is now uncertain, because the situation we now have in front of us is also uncertain. There is example to follow with the possible exception of the 1930's depression....but then there was no Euro in the 1930's, so as I was saying, there is no example to follow.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,000
  • Sep 12, 2011 7:31pm Sep 12, 2011 7:31pm
Good night, does anyone think it's wise to buy XAUUSD when London session starts? I just don't see any fundamentals back up
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