Cesarnc's market talk, gossips, rumours & fun

keeping eyes on the gap in the cash market $spy

Yuro trading slowly on baby trendline 1min there is a liquidity gap around 1.2480 throwing sell limit there.

Break above 84.50 in crude could give some momo on the stops give or take here

Gold fixing time i am trying to build something around the gold fixes.
I saw yesterday something from someone i learned really much trying to observe it.
To build some model around it in cable.

7:45 to 10:00 gmt you fade the move in cable around the fix on a level.

Same goes14.15 to 15:00 gmt london time.

So for example when it is in a range and it pops out you fade it

don't really trade gold much but if Oil shoots higher the yellow metal (at 1615ish) is certain to follow.........so will commodity currencies

back to the printers' story line ...sell USD and buy everything else

IBEX and MIB are hanging tough at 6100/6200 and 13,000 ish given the bad news......makes one wonder

For people who dont know gold fixes here some info basicaly i am trying to observe now and build a model on the orderflow around that time.

London Gold Fixing
The price of gold is fixed twice daily in London by the five members of the London gold pool, all members of the London Bullion Market Association. The fixes start at 10.30 a.m., and 3.00 p.m. London time. The length of time taken to reach an agreed fixing price can vary. Nowadays it is often reached in minutes, but we have known in take several hours on at least one occasion. There are a number of common misconceptions about the London gold fix.
Three Currencies
Many people, including most of the media, are under the impression that the gold price is fixed in US dollars. It is actually fixed in pounds sterling (GBP), and Euros also, although the Euro pricing is fairly new.

Media - Take Note
Whenever you see a gold fix price quoted, it will almost always be in dollars. This applies even in the UK. Most people in the UK who need to know a gold price, need it because they have bought or sold some gold at some predetermined price dependent on that particular fixing price. Naturally because they are in the UK, they wish to know the price in sterling. It is quite frustrating for many of these people to see a price quoted in a newspaper, of more commonly on Ceefax or Teletext, which is quoted in dollars. We have actually been telling the BBC's Ceefax department about this for years, and suggesting that they give the quotes in sterling and dollars , but they originally said there was insufficient space on the screen, which was incorrect, they would think about it (they appear to still be thinking). We have given up trying to advise them.

Not A Fixed Price
The other common error is for people to think the gold fix price is a fixed price, as in today's price or this morning's price, and that all gold transactions for the whole morning, afternoon or day, are carried out at the fixing price. This is not true. The fix price is the price at the exact instant in time at which it is agreed. Within seconds it will be trading at different prices. Amateurs, and also many who should know better, may then wonder what is the point, and why it is called a fixing price. The simple answer is that the five members use it to establish a market price which is fixed only for that precise moment, at which they can balance their sales and purchase requirements, including orders and commissions from clients. We ourselves often use the London gold fixing as a basis for our transactions with other professionals. We are also happy to do this with private individuals, but we find most people are happier for us to quote them a current "spot" price for gold. When we deal on the basis of a London fix, it will always be a future fix, often the next one, but not necessarily. We will agree to buy, or sell as the case may be, a fixed amount of gold in the form of bars, Krugerrands, sovereigns, or other gold bullion formats, at either a percentage or a fixed amount relative to the fix. Neither party knows what the actual striking price will be, but this is usually not a problem. It is also possible to place a conditional order, for example to buy 500 ounces at the next fix, subject to a limit, so that if the fix is above a certain level the transaction will not be concluded. The concept of dealing at an unknown price may seem strange to some, but for most gold professionals, any plusses and minuses usually average out over a period period of time. It saves much time which would be wasted in haggling about two different views of the market.

Closed
The London Gold Market closed in 1939, and re-opened on 22nd March 1954.

London gold fix prices can be found on the site of the LBMA, the London Bullion Market Association.

Yeah buy the rumour sell the fact. Or do whe get some real printing

crude took me breakeven the bastard tahts what ya get beeing to greedy in this market

i think it will be a lot of chop until the FOMC later in june and with all of the other theatre with G8 G20 and Japan in between

also think the market will want a definitive signal from policy makers

Yeah you probally right.

I am signing off enough for today. taking sell limit in yuro also off will check back later what i am gonna do. a close above 1.24 in yuro is imo still slightly bullish and whe could go to 1.2650 or so this week i think on a choppy way well will see later.

Cya later

black and white as it gets

http://24.media.tumblr.com/tumblr_m5...vo1_r1_500.jpg

......For me the songs remain the same......

monthly slighty up........with a short here at 2325, stuck, had many other but they all got stoped out at +1 oh well you can't win them all can you?.......



........Weekly is down compleatly with all emas under the magenta one, (the 200EMA)........just pulling back to the yellow EMA5 as normal........



.........Daily is down compleatly with all ema's under the magenta, (200ema) also reflecting the pull back, but, allready coming down again, only big news can change that down, me think........so stay off the news......



.........And 4H, show the pull back allready compleated and the continuance in full swim, so I think we could see a retest of the low 2280 soon, good luck folks..........

.........This thread is becoming a work of art......nice pics you guys, you left me behind on that.........

........later Ing, thanks for all the goodyes..........(links, pics and music)

..........Intergalactic federations, I'm good with that, count on me for the vote on that one Sr...........


http://stexpanded.wikia.com/wiki/Uni...ion_of_Planets

http://aka.media.entertainment.sky.c...ntact-01-4.jpg

...........I'm sure Smikester won't vote on that but........

...........I want to see this movie so bad.........

http://skymovies.sky.com/

........The Bourne Legacy........

this one, maybe. it is kind of edgy, but then again so is trading

http://25.media.tumblr.com/tumblr_m4...7xwvo1_500.jpg

..........My favorite in those dresses........

http://ts2.mm.bing.net/th?id=I4818880881361801&pid=1.1

http://ts4.mm.bing.net/th?id=I4700691985532143&pid=1.1

http://ts3.mm.bing.net/th?id=I4976042303422834&pid=1.1

...........Girls with guns I like also........

http://ts1.explicit.bing.net/th?id=I...570004&pid=1.1

http://ts4.explicit.bing.net/th?id=I...858455&pid=1.1

http://ts2.explicit.bing.net/th?id=I...815141&pid=1.1

http://ts2.explicit.bing.net/th?id=I...999373&pid=1.1