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XTrade replied Dec 9, 2010That's great! Thanks, glad to know you enjoy my posts. Please feel free to ask. I focus on the fundamentals of Gold usually first and the chart second. Since we are in raging bull, I focus on longs more than shorts due to the longer and more ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010In the next few years I am targeting $50 silver to $75 per oz. I am currently systematically adding small silver buys to the stack, yet, I have just decided, yesterday in fact, to time a new "larger" buy in. Half will be flipped the other half is ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010NO it is not. Gold is undervalued at the current prices. The only bubble that will burst is the massive short squeeze that HSBC (Short over 50% of market interest Gold on COMEX, and JPM short the same way in silver. By now if JPM is not hedged on ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010Adding longs on XAG. XAU filled at 1375 to add to position.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010Looks like a run at further correction was JUST rejected on spot XAU. Buyers coming back. Still long. I am getting long silver.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010Hello all. Something to think about when looking at silver PA. "Silver acts as a cheaper alternative as a hedge against the current inflation-sensitive environment, and arguably remains undervalued," broker MKS said. Notice the nice swings in price ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 8, 2010looks like support is in here at 1389 area.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010Gold is nearing bottom of current hour 4 channel
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010USD is going BACK DOWN......way down the hole — other than the mere fact of being a tad sold, who can give me one reason why the shitty USD should reverse ANY one trend in any currency or PM right now.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010If this continues we will see 1375 before london. then watch out. there may be some support in the 1389 zone as you have noted. Otherwise look at 1385 more likely first if that fails in the immediate 1380 for potential support. All these levels are ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010It's great to see silver trading the way it is. It will be 50 before you know it. In 2008 mid it took silver about 1.5 years to double. The Price of Silver (POS) has doubled in the past 3 months from appx 18 to appx 31... GOLD is looking like it may ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010It won't fall $60 on correction. Maybe on news. Yet there is no news supporting this other than the market making a new high. The dip will likely be bought. If the current mini TL that is still in respect is violated I would look to open up shorts ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010still waiting. correction may try to test 1400. Sparks are likely to fly once there is another decisive break so be careful. ADD: being that we hit 1405 area I am doubting the test of 1400 and getting long now.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010Might be a nice scalp in here... Just waiting..... Harvest3r not bad on the short bro. No reason for USD to rise that I can see though. So.. Swissy may be ripe for a short as well
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010NP.. One of those sym triangles is a setup from before 1217. If you look at it i think it was around 1015/50 to 1217 before that dip. Its all here bro. Likewise play shorts safely. Many in here have tried shorting Gold because they expect it to act ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010More Triangles — Here are some more, I have to dig for the last one url url In this chart you can see the top of the triangle at the bottom of the left chart it's sloping down in yellow i think. look at the PA test it then never look back/ ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010How to play sym triangles both ways - if not sure — What you can do with these if you are unsure of the break as such. Place limit and stop orders (buy limit)above (sell stop) below (so if it breaks north you get picked up and likewise if it ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Dec 7, 2010OK. Sorry I didn't post the setup I didn't have time. If you are familiar with the thread you'll know I like to play these symettrical triangles with Gold. THey always produce a breakout. This one is perfect. They can go either way, but here you can ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread