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  • #13,741
  • May 26, 2012 9:25am May 26, 2012 9:25am
must be updating blog ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,742
  • May 26, 2012 11:54am May 26, 2012 11:54am
Quoting Bones
Wondering how do you see Gold ?or even Rand now ?
I think gold eventually falls below the $1,500 level. The Rand, I wouldn't buy at all now.......
  • #13,743
  • May 26, 2012 11:55am May 26, 2012 11:55am
Quoting Bones
must be updating blog ?
Don't know what you mean? I just checked - it is up an running. Maybe your cache from the browser needs to be updated?

http://thetraderguy.com/front-page/i...-forex-markets

is my latest article.
  • #13,744
  • May 26, 2012 11:55am May 26, 2012 11:55am
Chris do you see link between gold and gbp only i noticed
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  • #13,745
  • May 26, 2012 12:34pm May 26, 2012 12:34pm
Chris I ask you cause I see you like correlation and have experience here is gbp lfx + gold ,only recent really similar ,

Just trying to figure out reason ,
Attached Images
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  • #13,746
  • May 26, 2012 1:00pm May 26, 2012 1:00pm
Quoting clockwork71
I think gold eventually falls below the $1,500 level. The Rand, I wouldn't buy at all now.......
You may well be right Chris but I'm congenitally unable to sell gold and have been buying the dips in both gold and silver.

My view FWIW is that as soon as they resolve(if ever) the Euro mess focus will switch to the dollar and ppl will realise that the safest havens are still the PM's
  • #13,747
  • May 26, 2012 1:15pm May 26, 2012 1:15pm
Quoting stewrigh
You may well be right Chris but I'm congenitally unable to sell gold and have been buying the dips in both gold and silver.

My view FWIW is that as soon as they resolve(if ever) the Euro mess focus will switch to the dollar and ppl will realise that the safest havens are still the PM's
IF that happens, then you would be correct. I don't however, see a resolution in Europe anytime soon. I could be wrong. I suppose I should state that I wouldn't sell gold until $1,500 is broken to the downside though....
  • #13,748
  • May 26, 2012 1:16pm May 26, 2012 1:16pm
Quoting Bones
Chris I ask you cause I see you like correlation and have experience here is gbp lfx + gold ,only recent really similar ,

Just trying to figure out reason ,
To be honest, I think it is a "risk based" thing. In other words, people are getting out of everything risk related. The Dollar is the ultimate safety play, and as such - the value of all commodities will fall.......as well as many currencies.
  • #13,749
  • May 26, 2012 1:17pm May 26, 2012 1:17pm
gold is bearish without doubt
Attached Image (click to enlarge)
Click to Enlarge Name: gold w1 26-5.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,750
  • May 26, 2012 1:19pm May 26, 2012 1:19pm
Yea I'm bearish on both suppose all the trouble out there brings them into line

Quoting clockwork71
To be honest, I think it is a "risk based" thing. In other words, people are getting out of everything risk related. The Dollar is the ultimate safety play, and as such - the value of all commodities will fall.......as well as many currencies.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,751
  • May 26, 2012 10:54pm May 26, 2012 10:54pm
Quoting clockwork71
To be honest, I think it is a "risk based" thing. In other words, people are getting out of everything risk related. The Dollar is the ultimate safety play, and as such - the value of all commodities will fall.......as well as many currencies.
spot on chris dollar and yen seem the safe bets.
student
  • #13,752
  • May 27, 2012 12:48am May 27, 2012 12:48am
Quoting Bones
gold is bearish without doubt
I think if Gold were to break 1500, as Chris mentioned, I might agree.

But if you zoom out on the charts this is a very minor correction in a secular bull market and they are both in a consolidation phase.

Attached Image (click to enlarge)
Click to Enlarge Name: silver.jpg Size: 112 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 104 KB
  • #13,753
  • May 27, 2012 12:53am May 27, 2012 12:53am
Quoting Bones
gold is bearish without doubt
The last 2 weekly candles are bullish pin bars(shooting stars) - I guess they could also be hanging men but given the position I don't personally think so.
  • #13,754
  • May 27, 2012 1:35am May 27, 2012 1:35am
No there not S
There not either
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,755
  • May 27, 2012 1:58am May 27, 2012 1:58am
Quoting Bones
No there not S
There not either
?
  • #13,756
  • May 27, 2012 2:22am May 27, 2012 2:22am
ok I feel monthly is bearish ?
Attached Image (click to enlarge)
Click to Enlarge Name: gold monthly 27-05 h4 here failure.gif Size: 15 KB
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  • #13,757
  • May 27, 2012 2:28am May 27, 2012 2:28am
the pattern on gold weekly is I feel the same as cable when I see that
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 26-5-12 d1 test use.png Size: 32 KB
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  • #13,758
  • May 27, 2012 2:29am May 27, 2012 2:29am
High probability pattern ,bearish continuation
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  • #13,759
  • May 27, 2012 2:35am May 27, 2012 2:35am
Its a sellers market I feel ,I hope

Quoting Bones
No there not S
There not either
Attached Image (click to enlarge)
Click to Enlarge Name: gold w1 sellers 27-5.gif Size: 13 KB
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  • #13,760
  • May 27, 2012 2:37am May 27, 2012 2:37am
I could add

$=buyers market


Quoting Bones
the $ is bullish I feel ,trend is really nice
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