Be ready, guys. We will see a very nice GREEN period in GOLD very soon.
Don't say I didn't tell you.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
Another example today of how Silver moves - down 2% while Gold is down 0.5%
So anyone who thinks Silver doesn't move, lately or otherwise, is not looking at percentages.
I have been noting silver's moves for some time now, Silver has much more room to play with if we compare it to gold
what do you think of this view on Silver http://www.clivemaund.com/article.php?art_id=67
Read news, articles, charts, but make your own decisions.
Silver Year 1990 = $5
Silver Year 2000 = $5
Silver Today = $30 - $32 (6x)
Gold Year 1990 = $300
Gold Year 2000 = $300
Gold Today = $1650 (6x)
If Silver went to see 10x then gold could too, but then we may see Silver making a 15x
But don't forget the other side of the picture, paper (currency) may not be in a good shape but we still live our lives dealing in currency so...... at the end of the day we need cash for everything.
- #18,445
- Apr 14, 2012 4:04am Apr 14, 2012 4:04am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #18,447
- Apr 14, 2012 7:02am Apr 14, 2012 7:02am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #18,449
- Apr 14, 2012 10:17am Apr 14, 2012 10:17am
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #18,455
- Edited 5:40pm Apr 15, 2012 6:35am | Edited 5:40pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Front Month term maybe misleading.
Eg APR Gold contracts expire on 26APR. In the month of April, that gives 18 days trading.
20DMA is used alot by traders. a Spot month has 20 trading days on average.
So it has to do with number of tradable days within the month of its name, ie APR Gold, just count April days.
June is the front month right now which is key. I know you are not saying that April is but why even focus on it then?
Vol on Fri
April 220
May 473
June 127900
I'm trying to understand but I've heard reasons why this and that length of MA of whatever variety of used, other than the self-reinforcing argument that is given by most, that a randomly generated line would do as well.
But I'm not trying to give you a hard time if it works, just like to understand why you feel it does.
- #18,456
- Apr 15, 2012 5:42pm Apr 15, 2012 5:42pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #18,457
- Apr 15, 2012 8:16pm Apr 15, 2012 8:16pm
Ya lost me.
June is the front month right now which is key. I know you are not saying that April is but why even focus on it then?
Vol on Fri
April 220
May 473
June 127900
I'm trying to understand but I've heard reasons why this and that length of MA of whatever variety of used, other than the self-reinforcing argument that is given by most, that a randomly generated line would do as well.
But I'm not trying to give you a hard time if it works, just like to understand why you feel it does.
The Front month contract in any commodity is the driver of all the other contracts. When you look at the Weekly Charts thats where the historical prices will be permanently recorded from that Front Month Contract.
The MA such as the 200 is where the big institutions are looking and the market makers are looking as well, they are the drivers of the market. According to the daily chart shouldn't be in the PM's until the key level of 1676 area is breached then the long term uptrend will continue. Short term will be to get long above the 1656 area + 20 or so to ensure that you don't get stopped out. Never play around in the middle of the range unless you wanna get whipped sawed all over the place. If the market is dictating to go short because of MA breaks then swing trade it that way but with tight stops.
