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All Majors and Gold

  • #3,841
  • Apr 4, 2013 12:57pm Apr 4, 2013 12:57pm
was long from 1542,1544 and 1548 and they all sl at Be today
waiting for 1561 break to re enter
  • #3,842
  • Apr 4, 2013 1:04pm Apr 4, 2013 1:04pm
Quoting letscry
was long from 1542,1544 and 1548 and they all sl at Be today waiting for 1561 break to re enter
Some days are like that, remember there's always a trading opportunity to be had every day...so you can look forward to your next trade
  • #3,843
  • Apr 4, 2013 1:05pm Apr 4, 2013 1:05pm
Quoting mark_it
Some days are like that, remember there's always a trading opportunity to be had every day...so you can look forward to your next trade
yeah u r right, luckyly i am long eu from 1.2784 and it is still open hope i can hold it till 1.3030.
  • #3,844
  • Apr 4, 2013 1:32pm Apr 4, 2013 1:32pm
boooooohooooo i missed all the fun....
Wooooohooooo or Boooooohooooo
  • #3,845
  • Apr 4, 2013 1:35pm Apr 4, 2013 1:35pm
there's them resistance at 1559.....and fib 23% at around same area.....
short or wait to see what will occur tonight with asian session
Wooooohooooo or Boooooohooooo
  • #3,846
  • Apr 4, 2013 1:41pm Apr 4, 2013 1:41pm
with these moves it's very hard to see what will happen next.....will the jpy moves continue in asian session or will it conslidate
Wooooohooooo or Boooooohooooo
  • #3,847
  • Apr 4, 2013 1:55pm Apr 4, 2013 1:55pm
Quoting gnomoneey
with these moves it's very hard to see what will happen next.....will the jpy moves continue in asian session or will it conslidate
I think we've entered what I call the 'choppy' bit. The big long impulse momentum waves are over for a while, but they will be back.

Until then, we'll have fun navigating the whip-saw and 'spikey' price action.
  • #3,848
  • Apr 4, 2013 2:02pm Apr 4, 2013 2:02pm
Quoting mark_it
short order in play from 1556 - let's see where it lands - thinking back down to 1548/44 at least.
These shorts are big orders, so I'm going to set SL to break even asap.

It's possible we could square off at 1540 or a tad below (1537/33).

If that happens, I think Gold will full throttle upwards with possibly NFP as the stimulus - we'll see how the drama plays out overnight and tomorrow, that is if all the traders aren't exhausted by the end of this crazy week!
  • #3,849
  • Apr 4, 2013 2:38pm Apr 4, 2013 2:38pm
look at this chart....where are we going now......

Attached Image (click to enlarge)
Click to Enlarge Name: xauapril4m30purpletl.gif Size: 31 KB
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  • #3,850
  • Apr 4, 2013 6:25pm Apr 4, 2013 6:25pm
opinion from kitco
http://www.kitco.com/ind/Hug/20130404.html
  • #3,851
  • Apr 4, 2013 6:31pm Apr 4, 2013 6:31pm
Quoting elekboy
opinion from kitco http://www.kitco.com/ind/Hug/20130404.html
i think when i read these analyst i'm reading charts or levels that we've covered a few days earlier....
therefore forget about these so called analyst just read this thread....
Wooooohooooo or Boooooohooooo
  • #3,852
  • Apr 4, 2013 6:36pm Apr 4, 2013 6:36pm
Quoting gnomoneey
i think when i read these analyst i'm reading charts or levels that we've covered a few days earlier.... therefore forget about these so called analyst just read this thread....

  • #3,853
  • Apr 4, 2013 6:38pm Apr 4, 2013 6:38pm
Quoting elekboy
seriously am i right about these levels, we've been talking about these since beginning of the week...
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  • #3,854
  • Apr 4, 2013 6:49pm Apr 4, 2013 6:49pm
Quoting gnomoneey
seriously am i right about these levels, we've been talking about these since beginning of the week...
yeah...maybe he copied your opinion.......you have said first that you short from 1552 tp 1470
  • #3,855
  • Apr 4, 2013 9:59pm Apr 4, 2013 9:59pm
Weekly chart suggests that we're right near the base from which gold staged its major rally in July-August 2011. I guess that's why the bulls are trying to hold the forte at these levels. A break-down could see the next test at US$1,350-1,400 (weekly chart). A recovery could see gold back to its overhead resistance level at 10 week moving (US$1,590). For position traders, I think the risk-reward still very much favor the longs.
  • #3,856
  • Apr 4, 2013 10:41pm Apr 4, 2013 10:41pm
http://www.jsmineset.com/

read this site......

bottom is near but not yet, still a little more ways to go
Wooooohooooo or Boooooohooooo
  • #3,857
  • Apr 4, 2013 10:53pm Apr 4, 2013 10:53pm
good read.....


The Long Mystery of Low Interest Rates


http://www.forexfactory.com/attachme...1&d=1365106344

From project-syndicate.org

http://www.forexfactory.com/resource...tory-quote.png

As policymakers and investors continue to fret over the risks posed by today’s ultra-low global interest rates, academic economists continue to debate the underlying causes. By now, everyone accepts some version of US Federal Reserve Chairman Ben Bernanke’s statement in 2005 that a “global savings glut” is at the root of the problem. But economists disagree on why we have the glut, how long it will last, and, most fundamentally, on whether it is a good thing. Bernanke’s original speech emphasized several factors – some that decreased the demand for global savings, and some that increased supply. Either ... (full story)
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  • #3,858
  • Apr 4, 2013 10:55pm Apr 4, 2013 10:55pm
Quoting Taiyin8
Weekly chart suggests that we're right near the base from which gold staged its major rally in July-August 2011. I guess that's why the bulls are trying to hold the forte at these levels. A break-down could see the next test at US$1,350-1,400 (weekly chart). A recovery could see gold back to its overhead resistance level at 10 week moving (US$1,590). For position traders, I think the risk-reward still very much favor the longs.

thanks for the post of your view.....
Wooooohooooo or Boooooohooooo
  • #3,859
  • Apr 4, 2013 11:03pm Apr 4, 2013 11:03pm
In The News Today
April 4, 2013, at 11:59 am
by Jim Sinclair in the category In The News |
My Dear Friends,
Today in Japan leadership said it is the goal of the central bank to double QE. In Europe, Draghi said they will do whatever is required.
Now if the US economic figures move from the flat line to down the dollar will promptly return to .7900 and below. Gold will then seek a new high.
Sincerely,
Jim

Jim Sinclair’s Commentary
This futuristic missive sounds just about right. Gold has hit $3992 late 2014 and reacted hard off the near $4000 round number level as would be expected.
Blast From the Future on the Crash of 2015
Published: Tuesday, 2 Apr 2013 | 12:19 PM ET
By: Peter J. Tanous, President of Lepercq Lynx Investment Advisory
CAYMAN ISLANDS, January 2016 – Today’s paper says we should have seen it coming.
The facts were all there. Were we really that stupid?
For three years, the Federal Reserve was the largest buyer of Treasury securities, scooping up two-thirds of all U.S.securities sold at auction, driving interest rates down to practically nothing. In the process, the Fed built up a $4 trillion dollar balance sheet and no one asked where that money was going to go.
How did the Fed pay for these securities?
They "printed money." And look what they got out of thin air: Interest-paying U.S.government bonds that produced an annual profit of more than $80 billion!
The Fed magnanimously turned over most of those profits to the Treasury every year. Media editorials congratulated the wise men for their financial acumen and their sterling sense of responsibility.
It took far too long for other purchasers of U.S. Treasurys to realize that they were buying into a house of cards.
More…
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  • #3,860
  • Apr 4, 2013 11:25pm Apr 4, 2013 11:25pm
interesting point of view



Japan's new stimulus may trigger yen avalanche, Soros says


http://www.forexfactory.com/attachme...1&d=1365133514

From bloomberg.com

http://www.forexfactory.com/resource...tory-quote.png

The Bank of Japan (8301)’s move to expand monetary easing may trigger “an avalanche” in the yen as Japanese put money elsewhere in anticipation of sustained currency depreciation, billionaire investor George Soros said. Calling the expanded stimulus “a sensation” and “a very daring undertaking,” Soros said policy makers may not be able to arrest the fall in the yen and capital flight as the new policy was adopted after 25 years of mounting government deficits and failure to rejuvenate the economy.“What Japan is doing is actually quite dangerous because they’re doing it after 25 years of just simply ... (full story)
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