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- Fmfx replied May 4, 2011
I wonder if the "BULL-ONLY" call this price drop from $1575 to $1513 a minor profit taking, correction, or UK wedding post-effect? Or the %25 drop in silver over 2-3 days? Isn't that basically SOME people made the same profit by shorting silver at ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 4, 2011
If 1518 does not hold in gold, we could get to $1500 fast...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 4, 2011
A classic FX example: with all the technical and fundamental points against the USD, it is beginning to up... Well, I guess when some of us were busy buying only the commodities, some smarter and perhaps bigger Players were filling their USD ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 4, 2011
AUD getting hit again... Might be more dowbside to gold. I am still waiting to add to my longs after the added 1529 yesterday...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 4, 2011
Or as some predict, 23 area... It is getting closer to the summer and everyone knows a BIG USD reversal is around the corner. So experienced traders are looking to book profits, if they have not done so... Silver, oil, AUD, gold and rest will ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
$1800 or $2000 or $1450, markets will decide on the price. Personally I don't think we will see $1800 before December or next March. $1600-1700 seems to be a reasonable top for this year.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
Right, but most experienced people know the 5 min charts are almost worthless unless you put it together with other timeframes. And if a newbie is even BUYING gold based on only what people say on forums, he is still taking a risk. My point was: ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
Now you see the he/she GOT IT among many other people and this is exactly "WHY oh WHY of ALL f-ing days would someone short GOLD". A $55 correction/reversal/pull back/sell off/etc is not a small by any standards especially if you consider the GOLD ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
I have a feeling that a major AUD reversal is in the works...
AUDUSD for informed traders
- Fmfx replied May 3, 2011
1480 seems a possibility now but I still think we will have some up side before a major correction...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
Not at all, but USD seems to begin what it usually does during the summer and I think it is the beginning. Please have a look at AUD
Sorry USD bears...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
I think gold will get to 1580 in near future but both AUD and EUR seem to be ready to dump 1000-1500 pips. Everybody know about Fed's stupidity, technicals, blah blah but big changes are around the corner and as usual exactly when nobody expects ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
Agreed, good opportunities today... both ways, too: long and short... This is how it should be
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
Congrats. Yes, from 1380...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 3, 2011
I think the message is becoming clear: the good ol' USD might be on to something and it probably means more decline in commodities. You can already see it in AUD/USD, EUR/USD... Sorry USD bears, the party might be over :d
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 2, 2011
And by the way most of the same people who took advantage of the price drop by shorting it, are now probably adding to their longs since 1580 could be taken out much easier after this drop...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 2, 2011
Doesn't matter what you call it: retracement, correction, sell off, bear, bull, chimp, parrot, etc. The fact is there was a HUGE drop today and some people took advantage of it. SIMPLE. Unless you call a $40 price drop a tiny correction
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 2, 2011
Of course not and that is exactly why I have keeping plenty long positions and have added to them over time. But I also see no reason why one cannot or shouldnt take advantage of times when gold price collapses... That is ofcourse true if you know ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread