All Majors and Gold

i too was aiming for 1440 not as far as 1475 but why not, now she went tits up south so bail and reverse

hit my lock at 1385

http://www.tothetick.com/precious-metals-gold-2

yeah..market gonna start soon today.

gap down on all pars nzd and aud 60-100 pips

Non-commercials are resetting their long positions on gold, quite an unusual event in this bull market. Is it a sensational chance to buy?

What does anyone make of this:
http://www.cftc.gov/files/dea/cotarc..._lof060413.htm
Several queries such as
1- which columns are more important. I would say asset managers and non reportable.
2- why only some products what about others
3- why so few traders per category

My take is (looking at asset managers)
CAD is flat
GBP short
JPY long
EUR short
AUD short
NZD short

All of this i gained from looking at vast difference in values of contracts between short and long on asset managers portfolios

@elisab - where do you get your info?
i would not say sensational time to buy. There is always a divide to bear and bull views, xau and xag still have a downside risk
But in the long run they should be twice their current value based on demand and supply, when this price suppression will end is the big Q

So are you saying that it is potentially gold gonna go down right?

huge gap on aud n nzd

yes i think xau and xag have still got some way to go (short) so long as stocks continue up, and QE remains, speculators and others will release xau/xag to place on stocks. More importantly the pickle some major institutions are in regarding their orders of xau xag out weighs their holdings, so for sometime they want the price to remain low until supply increases and demand drops.
mostly im confused, search max keiser and watch his youtube videos, the chap talks so fast i take 1/3 of it in.
i am mostly short term speculating so fundamentals doesnt mean much to me

okay just thinking out loud here, but from what i understood from max keiser, is that goldmann sachs for example is winning / losing 5 billion per point on XAG

At the top when the price started falling and consumers came in to buy XAG/ XAU times were normal, then supply ran out, this is for holdings not speculators like us. So price continued to fall and Sachs and co continued to offer contracts to consumers, however if they all wanted to take purchase or close their contracts there would not be enough XAG/ XAU for the contract which Goldmann and co sold to the market. So if the price remains low they are fine, but once it goes above a threshold and people want to take possession of their xag/xau there in lies the whole problem and why they are suppressing the market price
everyone is in bed with everyone, goldmann sachs runs into trouble with these commodities and it affects other players..

anyone with a view on my post 7450 ?

hi gnomoneey, good weekend?
here we are again ey. we ended off with a hope for xau to retrace to 38 fib roughly 1390 then head towards 1360
i wont be up for much longer, orders are in

Hello Dear Gold how are you ?? what you think about your Next plane ?? Can u Tell use some thing so that be Ready for




Gold : Down side 1355 / 1335 .......... Up Side 1395 / 1405 / 1415 ---------->

ChUllllllll Bulllll Chulll Bullll............. Its Market Lollllllllll....................

any chart about gold????????

First TP 1350, Second TP 1270 with a few ups and downs along the way of course.

look at 4h

All I see on the 4H is a tight, going nowhere range ATM. In my view (unless you're just trying to scalp a couple pips here and there), the red TL you have there isn't very reliable. Trend lines are very subjective and can be drawn to fit almost any view. As such, I prefer to use them as a wider "average" of movement and use the last unbroken L/H to last unbroken L/H to get a better feel for overall average price moves. Of course this is just the way I see it and it works well for me and my approach to trading.

It's also obvious our broker times are different and thus our 4H bars are as well. I really don't expect much movement until later in the week myself.

What are everybody's plan for tonight

seems the data for jpy is strong?
how would that affect xau?