Rhodie, In all honesty, I DO NOT see $680 as even a close long term potential target. The BEST you might get before a new bull cycle is as such - AS i see IT. 1230 - break, 1180 test, bounce, needs to then be rejected at 1200 for further movement ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Great to see you guys posting, needed a day off. So who new... As I had mentioned in prior post the BULLS ARE NOT GOING TO GIVE UP SHIP HERE> this is beginning more and more to look like a short trap to me. There are people that ride as I have with ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Here you are losing me. I do understand "somewhat" the prospect of "mining" bitcoins. so are you saying that once enough buyers, come in to take say a 25 bitcoin, the algorithm finds this and produces or Mines an actual trade-able device? Sorry guys ...

Bitcoin technical analysis

Venzen, Thank you for this in depth post. I hope it will help others as it did myself to understand how essentially this is just a web based "fiat" currency. YET, With great trading potential, I mean, damn, with those swings, this is a swing ...

Bitcoin technical analysis

Archer, at first glance - without trying to chart the same pattern your neck would be where the shoulders come back to support which looks like it's around 1275/1300 so in theory the big red bar was the neck breaking initially, then the pattern ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

This is PRECISELY the part that I agree with. But, when it comes to making it a digital currency and something that will be used instead of fiat paper or gold and silver I just don't see it. Yet. As a trading vehicle I think it is great.

Bitcoin technical analysis

I am not trying to fall flat upon this program of bitcoin because AS OF NOW- it is federally accepted I suppose, But I will point out a very valid and similar situation with something called the "Liberty Dollar" The Liberty Dollar (ALD) was a ...

Bitcoin technical analysis

Another question or point on figure of speech, "bitcoins are mined" How is a totally digital based currency mined. Gold is mined. Copper and Coal are mined. I mean are they talking about mining the vast dungeons of cyberspace and e-commerce! But for ...

Bitcoin technical analysis

Hi buddy V- Interesting thread and topic matter. I have only just started to learn more in depth about BTC. From some of my readings it seems that there are several exchanges that will offer trading. Yet, it is highly unregulated and thus, subject ...

Bitcoin technical analysis

Not an EW specialist, but agree. This bearish trend we have been in since the 1550 / 1750 range broke after the high, 1920 - It broke in April of this year I believe was indeed necessary to in the long term regain bullish strength likely leading to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

For this to be a Head and Shoulders reversal it would need to be inverse with the Head as the lowest low.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Thodie, Nice chart with extra breakout diagram. This is certainly a possibility. I still maintain before the years end we will see a pump, then sort of dump in price as the Q4 and the year ends. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I wouldn't go off their physical holdings too much as indicator of anything as they are notorious for being wrong or "iffy" to what they actually do hold. --- Being that customers do not take delivery of GLD shares, as they can on the COMEX it ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Just for fun some "pit" traders and a related article. The Days of the Pits are Numbered

What are specialists in current times doing on the NYSE floor?

Split Unit's response is the closest to what is going on at current. If you watch CNBC or Bloomberg and they show the traders on the NYSE floor they are doing a wide variety of different things. 1. Placing orders - even though they are ...

What are specialists in current times doing on the NYSE floor?

Hi Archer - these are great observations/analysis. Basically in tune with what I have to offer up as well. We have had another push down from a meager high area only around 1300 appx 50 bucks south with time to 1245. Two cases I am looking at: 1 - ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Well that's why they make calculators! Oh and people who study how to "quantify" everything! ------------ Simply put, no break back above and out of this again thin 5 USD range between 1245 and 1250 and she may test 1230 area. Likewise, on a break ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I have been meaning to make a post all day. Wrote two nice ones and lost them by accidentally hitting back on the browser! FunfxFactory USED to save the text when this happened, (or it would just be there when you went forward. Not anymore.... I ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Weekly low or a ticket to 1250 Hmmm. -------looks like I never posted this. Think I wrote it at about 1263 -------------------------- Anyway added a different spot chart and bigger news clip. Numbers mixed and still have an FOMC member at noon as ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Hi XTrade! Publish this GC 240 if you want: url As well as the Daily am watching support at the blue sliding parallel and maybe the lower parallel below. Note how price has moved from the median line of the blue fork to the lower parallel via the ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread