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  • #7,081
  • Nov 17, 2011 4:23am Nov 17, 2011 4:23am
EU testing lower levels again, just a reminder.. EU respecting levels but its pretty choppy. Media point serves as a good s/l for shorts. ( 3494)



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  • #7,082
  • Nov 17, 2011 4:26am Nov 17, 2011 4:26am
Quoting infinitus
Do not count triangles where no triangles are.......

That will pollute your mind-setting
Waves are fractal, waves are fractal, waves are fractal, waves are fractal,.......


Go to daily TF, what do you count there?
  • #7,083
  • Nov 17, 2011 4:28am Nov 17, 2011 4:28am
Quoting infinitus
Waves are fractal, waves are fractal, waves are fractal, waves are fractal,.......


Go to daily TF, what do you count there?


In times, when markets are choppy, swith to higher TF to get a better count or idea of what is happening......
  • #7,084
  • Nov 17, 2011 4:33am Nov 17, 2011 4:33am
Someone see Gold dropping like a rock? Damn, missed the entry because of an business appointment. Watched it now for days and then that.......

At such times one starts to hate the day job :-)
  • #7,085
  • Nov 17, 2011 4:37am Nov 17, 2011 4:37am
Quoting infinitus
Someone see Gold dropping like a rock? Damn, missed the entry because of an business appointment. Watched it now for days and then that.......

At such times one starts to hate the day job :-)

Cheers
aligater
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born to speculate
  • #7,086
  • Nov 17, 2011 4:41am Nov 17, 2011 4:41am
Non trading hours now..Wait for NY session.
  • #7,087
  • Nov 17, 2011 4:44am Nov 17, 2011 4:44am
Quoting aligater
Cheers
aligater

Congrats.... :-)

Here is what I missed:
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  • #7,088
  • Nov 17, 2011 5:14am Nov 17, 2011 5:14am
good afternoon all
I SEE YOU !!
  • #7,089
  • Nov 17, 2011 5:42am Nov 17, 2011 5:42am
Quoting aligater
Cheers
aligater



where are you heading with this one
I SEE YOU !!
  • #7,090
  • Nov 17, 2011 5:52am Nov 17, 2011 5:52am
Quoting infinitus
Congrats.... :-)

Here is what I missed:
Just awoke ... someone called me here ... and when I reached the phone he was off ... toll ...

Nun gut ... but at least your line has been broken ... so what?!

Gold ... that reminds me always on the father of my girl C. B. (owner of a famous global raw material trading company) as he repeatedly warned me ... gold has absolutely no value in large-scale production purposes anymore ... gold has absolutely no real value anymore since gold has been banned from the financial markets ...

Gold is a typical raw material which has been shifted to poor peoples speculation just as a kind of hobby ... or pure amateurs play tool ...

It has only in societies which are poor a certain "value" (einen äußerst zweifelhaften Wert) and therefore not suitable against any real crisis anymore ... as poor people are mostly a bit windy ... heute so - morgen so ... not reliable ...

Same with the prices history ... it's a pure bubble ... and it will collapse ... no doubt ...

It will go down again ... even much lower than 200 Dollar ...

Because no intelligent man needs gold ... maybe therefore it's the best when Bundesbank will flood all that trash in some future days ...

Can easilly happen suddenly ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,091
  • Nov 17, 2011 5:59am Nov 17, 2011 5:59am
Quoting mercy seat
Just awoke ... someone called me here ... and when I reached the phone he was off ... toll ...

Nun gut ... but at least your line has been broken ... so what?!

Gold ... that reminds me always on the father of my girl C. B. (owner of a famous global raw material trading company) as he repeatedly warned me ... gold has absolutely no value in large-scale production purposes anymore ... gold has absolutely no real value anymore since gold has been banned from the financial markets ...

Gold is a typical raw material which has been shifted to [b]poor...
I agree its a bubble

but comon now
don't you think 200 is a little too much
I SEE YOU !!
  • #7,092
  • Nov 17, 2011 6:09am Nov 17, 2011 6:09am
Quoting T@rantula
Hello guys and good morning

These are the levels for today:

Attachment
very nice presentation, thank you
  • #7,093
  • Nov 17, 2011 6:11am Nov 17, 2011 6:11am
Quoting mercy seat
Just awoke ... someone called me here ... and when I reached the phone he was off ... toll ...

Nun gut ... but at least your line has been broken ... so what?!

Gold ... that reminds me always on the father of my girl C. B. (owner of a famous global raw material trading company) as he repeatedly warned me ... gold has absolutely no value in large-scale production purposes anymore ... gold has absolutely no real value anymore since gold has been banned from the financial markets ...

Gold is a typical raw material which has been shifted...


Hi Mercy,

it was not me waking you up - but on the other hand would be funny to watch your face when someone would be at the other end of the line stating: its me, Fini

Regarding Gold:

I can underline every word, every sentence you wrote down regarding Gold.

But trading it is sometimes very funny and rewarding. And, out of EW sight, it is special, because in an upmove its wave 5 is not, unlike stocks etc., driven by greed but by panic.

Catch you later......


La Le lu, nur der Mann im Mond schaut zu, wenn der kleine Mer-cyyyyy schlä-hääääft, dann schlaf auch Du
  • #7,094
  • Nov 17, 2011 6:12am Nov 17, 2011 6:12am
Quoting dbfusion
I agree its a bubble

but comon now
don't you think 200 is a little too much
Yes ... I did say it could even go lower ... 10 years ago it was near 200 Dollar I guess ... and I can remember we have had such a gold spike in late 1970-ties or early 1980-ties AS WELL ... not that high as now ... but somehow similar ...

In my youth I got all these Krüger-Rand Coins every year ten fresh ones at birthday from my auntie ...

And in case you have such things too ... then I can only say ... sell them ...

Its a question of time when even the Asians and Arabic World or let us say Oriental Societies (wo Gold noch immer ein gewisses Ansehen hat) will realize that GOLD is TRASH ...

But I would like to wear that as a dental replacement material in future ... specially in front teeth ... because it looks so funny provoking ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,095
  • Nov 17, 2011 6:13am Nov 17, 2011 6:13am
3549, maybe 65 or 80,


then drop, drop, drop
  • #7,096
  • Nov 17, 2011 6:21am Nov 17, 2011 6:21am
ok I agree its a bubble .
I have even my short and stated my position about this metal earlier .

http://www.forexfactory.com/showthre...30#post5110430

but I am realistic I can see fair price is around half of what current level is .

I can say range 1300 - 1000 - 800.

but can't say 200 .
it costs them already around 700 -800 average to extract, maybe less than that in developing countries .

and its used in many industries and in medicine .

don't forget that every processor has gold components within it . your PC has gold in it !

so its not completely trash metal .
and logically you can't in 10 years change the view of 10000 years of mankind , women to be specific for using it as luxury .
I SEE YOU !!
  • #7,097
  • Nov 17, 2011 6:21am Nov 17, 2011 6:21am
Quoting mercy seat
Yes ... I did say it could even go lower ... 10 years ago it was near 200 Dollar I guess ... and I can remember we have had such a gold spike in late 1970-ties or early 1980-ties AS WELL ... not that high as now ... but somehow similar ...

In my youth I got all these Krüger-Rand Coins every year ten fresh ones at birthday from my auntie ...

And in case you have such things too ... then I can only say ... sell them ...

Its a question of time when even the Asians and Arabic World or let us say Oriental Societies (wo Gold...


So far it was everytime a good idea to sell Gold, when the central banks are buying it. Regardless what the morons there do: they are everytime late to the party

The World Gold Council reported that central bank purchases of the metal soared in the 3rd quarter to 148.4 metric tons from 66.5 tons in q2. Concern over the sovereign debt crisis is assumed to be the driver behind the increase. From the Financial Times
  • #7,098
  • Nov 17, 2011 6:23am Nov 17, 2011 6:23am
Quoting dbfusion
ok I agree its a bubble .
I have even my short and stated my position about this metal earlier .

http://www.forexfactory.com/showthre...30#post5110430

but I am realistic I can see fair price is around half of what current level is .

I can say range 1300 - 1000 - 800.

but can't say 200 .
it costs them already around 700 -800 average to extract, maybe less than that in developing countries .

and its used in many industries and in medicine .

don't forget that every processor has gold components within it...
out of EW view I can support your targets. My main target for Gold is between 500 and 750 but am not so sure anymore if we go that deep. We will see.
  • #7,099
  • Nov 17, 2011 6:24am Nov 17, 2011 6:24am
Quoting infinitus
So far it was everytime a good idea to sell Gold, when the central banks are buying it. Regardless what the morons there do: they are everytime late to the party

The World Gold Council reported that central bank purchases of the metal soared in the 3rd quarter to 148.4 metric tons from 66.5 tons in q2. Concern over the sovereign debt crisis is assumed to be the driver behind the increase. From the Financial Times

I don't think they are buying now .
I bet European Banks are selling the shit out of it !!
they need to get cash and they are selling it since 4 months !!!
I SEE YOU !!
  • #7,100
  • Nov 17, 2011 6:25am Nov 17, 2011 6:25am
Quoting infinitus
3549, maybe 65 or 80,


then drop, drop, drop
Haa!

I thought you talk about gold ...

3500 gold ... funny ... even an arab or paki will not believe that ...

Well fine 1.3537 has had been our beloved pivotal target for the EURO today ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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