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Pip Anon replied Apr 15, 2013I guess it, too, is perception. Do I think it happens? Sure. Is it the real reason for every sellof? Hell no. Can people sell because they simply do not seem the same value? Gold has been up for 11 straight years. Yen pairs have been up 1,000-1,2000 ...
EURUSD
- Pip Anon replied Apr 15, 2013
Well I see it this way, all the assets that refused to fall are the ones hit the hardest. Maybe everything that glitters isn't gold. Poor economic data, S&P futures down almost 40 points. Maybe the markets are touching a bit of reality.
EURUSD
- Pip Anon commented Apr 15, 2013
Gold is priced in various currencies. I never said gold was a safe haven. What I am saying is outside it's perceived value, gold holds no purpose. I can buy currency without having to pay to have it stored in a vault. $400 tons of PAPER gold cause ...
Gold crushed by 400 tonnes or $20 billion of selling on COMEX
- Pip Anon replied Apr 15, 2013
May look for other opportunities. Going to track gold and maybe get in on further Aussie selling.
EURUSD
- Pip Anon replied Apr 15, 2013
2 explosions by the finish line, injuries. Apparently they are finding secondary devices. They were worried that there would be a targeted one for first responders. Still not much new info. All speculation. All happened after elite runners finished.
EURUSD
- Pip Anon replied Apr 15, 2013
Yea Im hit. I don't believe it will be a matter or bull or bear. I mentions maybe ranging or a matter that everything else is down. EURO data later, Aussie RBA minutes tonight. We'll see what happens.
EURUSD
- Pip Anon replied Apr 15, 2013
I love trading gold, silver was more fickle for me. I believe that's a mini-gold lot. The big boy margin was 17k lol. I hear because of this selloff, margin calls may happen and gold margin reqs. may increase.
Geppy's Geppy Thread (GBP/JPY)
- Pip Anon replied Apr 15, 2013
Would it? I mean I can see the gold market selling off future, but there is no real application of gold besides it's perception of value albeit a fiat currency itself. Currencies are no longer backed by gold, and now it's just an asset people hold. ...
Geppy's Geppy Thread (GBP/JPY)
- Pip Anon replied Apr 15, 2013
Demos can be a great to learn how to manage episodes like that
Geppy's Geppy Thread (GBP/JPY)
- Pip Anon commented Apr 15, 2013
If gold is a safe haven, with the S&P down 30 pts, why is gold having its worst dollar decline ever? Let's stay logical here.
Gold crushed by 400 tonnes or $20 billion of selling on COMEX
- Pip Anon commented Apr 15, 2013
I think traders asked themselves why they are holding all these paperweights.
Gold crushed by 400 tonnes or $20 billion of selling on COMEX
- Pip Anon replied Apr 15, 2013
With this selloff of everything, I think there will be dollar strength. 1:4 RR, so well see. Aussie data tonight too could keep the negativity. EUR CPI and GBP data tomorrow. It may range if anything
EURUSD
- Pip Anon replied Apr 15, 2013
I love it. I think bears are getting the realization that we were right in the since that the world isn't peaches and cream as the markets want us to think. The global economic condition is awful, and now the markets see it. The assets that bubble ...
NZD/USD
- Pip Anon commented Apr 15, 2013
Does that look to be happening?
N. Korea to start military actions immediately: KCNA
- Pip Anon replied Apr 15, 2013
Hey guys, still strongly bearish? I picked the worst time to go to Costco.
Geppy's Geppy Thread (GBP/JPY)
- Pip Anon commented Apr 15, 2013
I'm pretty sure you chart will tell you the same as mine. Gold has been, and will be, fundamentally broken. I have made prior posts indicating this even with the ridicule of gold bugs. Gold has always been a trade, nothing more. If people think they ...
Gold crushed by 400 tonnes or $20 billion of selling on COMEX