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All Majors and Gold

  • #4,341
  • Apr 14, 2013 11:45pm Apr 14, 2013 11:45pm
Quoting cvds16
Gold has been 'cheap' at any price north of the current one according to goldbugs. So I think we don't really need your 'warning'. It now became quite clear who was manipulating price ... it was the gold-bulls ...
You might not have needed my warning but I really appreciate yours if you know where has had the power of manipulating the price as much as this since I still don' know and am really surprised.
  • #4,342
  • Apr 14, 2013 11:52pm Apr 14, 2013 11:52pm
I am trading for over 20 years, and I can assure you, markets are not manipulated. Even thinking that way prevents you to see the true balance of supply and demand and is going to kill any speculator (cause that's what we all are at heart, even though some prefer to call themselves snobbishly 'investors'). BTW I just bought some gold at 1441.75. I am going to get rid of that by tonight, at latest by tomorrow.
  • #4,343
  • Apr 15, 2013 12:38am Apr 15, 2013 12:38am
what I think is they are planning to bring back GOLD price to realities which is around 900$
been there done that, Good Bye
  • #4,344
  • Apr 15, 2013 12:45am Apr 15, 2013 12:45am
some of the biggest trader in here still believe gold price can touch 1380s. however from consumer/retail market, we already see an increase on retail sales since last saturday and today (Indonesia). Most people queuing to get gold physically, people rushing to the jewellry shop to buy gold bars. In fact, they are out of stock even they sell it above market price which is around 1615/ounce (with certificate from government owned precious metal refinery company) ~ 1480/ounce (Locals gold without certificate) and 1520/ounce (certificate from other countries).

In my opinion regardless technical chart, we might see an slowing decreasing gold price since retail consumers are willing to buy at this moment. European and American sell gold, asian retail try to support gold price and we wait until big asian institutions to buy gold.
Everything in the world has its own rhytms
  • #4,345
  • Apr 15, 2013 1:19am Apr 15, 2013 1:19am
Quoting COopa
some of the biggest trader in here still believe gold price can touch 1380s. however from consumer/retail market, we already see an increase on retail sales since last saturday and today (Indonesia). Most people queuing to get gold physically, people rushing to the jewellry shop to buy gold bars. In fact, they are out of stock even they sell it above market price which is around 1615/ounce (with certificate from government owned precious metal refinery company) ~ 1480/ounce (Locals gold without certificate) and 1520/ounce (certificate from other...
It looks that during Asian session it fell as well. I am thinking about poor men, who bought physical gold at about 1800-1900 on the advice of well-known advisers.
  • #4,346
  • Apr 15, 2013 1:49am Apr 15, 2013 1:49am
Quoting qwerty47
It looks that during Asian session it fell as well. I am thinking about poor men, who bought physical gold at about 1800-1900 on the advice of well-known advisers.
no poor man buys physical gold
been there done that, Good Bye
  • #4,347
  • Apr 15, 2013 1:53am Apr 15, 2013 1:53am
Quoting COopa
some of the biggest trader in here still believe gold price can touch 1380s. however from consumer/retail market, we already see an increase on retail sales since last saturday and today (Indonesia). Most people queuing to get gold physically, people rushing to the jewellry shop to buy gold bars. In fact, they are out of stock even they sell it above market price which is around 1615/ounce (with certificate from government owned precious metal refinery company) ~ 1480/ounce (Locals gold without certificate) and 1520/ounce (certificate from other...

This is a battle between physical and paper gold.
The paper gold may be pointing to 1380 but the physical gold is a different story. Of course if you follow comment on this forum, all comment will be pointing gold down. In fact this look more like panic selling.
How about change a different perspective and find out what the physical gold buyers are saying from other forum and resources at the very moment of price dropping. The physical gold price is not dropping and there are selling at great premium over the paper gold price. Some gold seller even pulled the plug and don't wan to sell at all. SO the buyer cannot buy and seller don't want to sell.
The difference between the paper and physical are going to get ugly and will end in disaster with 1 side winning the battle.
Looking at the Comex warehouse stock, the gold physical stocks are dropping very fast. Conventional wisdom will say when supply drop and demand went up (or sideways), the price goes up. Or is it?
So who is going to win the battle? Food for thought!
Take my view with a pinch of salt!
  • #4,348
  • Apr 15, 2013 2:08am Apr 15, 2013 2:08am
looks like today gold down to 1406 area . good luck...
  • #4,349
  • Apr 15, 2013 2:49am Apr 15, 2013 2:49am
Quoting WhiteHorse
no poor man buys physical gold
I don't know about that. If you are anything like me and have a mrs like mine that loves jewlery and nags, you find a way to bye it.

That's why I am here trading this shit, she wants another ring grrrrrrrrd lol
  • #4,350
  • Apr 15, 2013 4:00am Apr 15, 2013 4:00am
1403 ...wowowowoowowowowowowowo
  • #4,351
  • Apr 15, 2013 4:01am Apr 15, 2013 4:01am
Quoting elekboy
1403 ...wowowowoowowowowowowowo
Hey buddy.. You have short it ? or long from that point ? hahaha
  • #4,352
  • Apr 15, 2013 4:02am Apr 15, 2013 4:02am
Quoting k3nshinz3139
Hey buddy.. You have short it ? or long from that point ? hahaha
keep my short from 1579.......wohooooooooo
  • #4,353
  • Apr 15, 2013 4:03am Apr 15, 2013 4:03am
This is madness, I canīt take it anymore. Good bye. :-) http://www.elliottwave.com/images/ma...ized%20500.gif
  • #4,354
  • Apr 15, 2013 4:03am Apr 15, 2013 4:03am
Quoting elekboy
keep my short from 1579.......wohooooooooo
My short was closed 60% (hit TP)... left 40% now... Target open.. I set 1400.. why $3 dont let me take lol
  • #4,355
  • Apr 15, 2013 4:07am Apr 15, 2013 4:07am
Quoting Ksth
looks like today gold down to 1406 area . good luck...
Hoho 1406. close shop wait for tomorrow.. Good luck trading.
  • #4,356
  • Apr 15, 2013 4:08am Apr 15, 2013 4:08am
me the same. it is purely madness. better to stay away for some time. it is like surfing while tsunami

Quoting qwerty47
This is madness, I canīt take it anymore. Good bye. :-) http://www.elliottwave.com/images/ma...ized%20500.gif
  • #4,357
  • Apr 15, 2013 4:09am Apr 15, 2013 4:09am
wooww good drop but what is the meaning of this huge sell of at the Tokyo end?? i thought Cyprus banks sell gold. do they set it for Tokyo end ?
  • #4,358
  • Apr 15, 2013 4:11am Apr 15, 2013 4:11am
Quoting samadum
me the same. it is purely madness. better to stay away for some time. it is like surfing while tsunami
it is something like this
Attached Image (click to enlarge)
Click to Enlarge Name: money.PNG Size: 489 KB
GBP/USD
  • #4,359
  • Apr 15, 2013 4:12am Apr 15, 2013 4:12am
What an amazing bear run! tp @ 1405.

I think the bears' claws might hold back for a bit now, possibly until 1463/83 - but that's just a reasonable guess.
  • #4,360
  • Apr 15, 2013 4:12am Apr 15, 2013 4:12am
Quoting peyman
wooww good drop but what is the meaning of this huge sell of at the Tokyo end?? i thought Cyprus banks sell gold. do they set it for Tokyo end ?
wow....drop till 1402 on my chart.
Anyway, Cyprus bank selling gold will not be on the market. It will be between central banks only.
Take my view with a pinch of salt!
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