Good to hear! You're feedback, comments, insights, etc is encouraged anytime! Yeah. The market needs something to go off of. And right now that's about all it has. We are about to see some volume enter the market as equity markets get going pretty ...

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

Good point about the markets being overly sensitive to data right now. PPI usually doesn't have much impact. In fact, the past two months, it had little to no impact. Actually, the last time it had any significant impact was back in Jan of this ...

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

It can be helpful to look at the USD crosses to measure dollar strength/weakness, especially during larger, prolonged moves. But it doesn't really reveal too much. I don't usually look to one pair to correlate. I'm not sure there's too much value in ...

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

Yessir! I'm with you and currently sitting on the sidelines. Sometimes the best position is flat. Unless gold suddenly decides to break 1400 before the weekend, I'm probably just going to wait for opportunity to knock. I still want to see how the US ...

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

Gold is one of the most, if not the most important asset to understand in order to begin to make sense of the global investment environment and money flows. There's the inverse relationship with the US dollar, some consider it a hedge against ...

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

I agree 100%. I don't think it's a possibility. In over 20 years of watching the Fed from Greenspan to Powell, a 50 bp rate cut this month would be the biggest surprise in a long time, maybe ever (outside of unscheduled emergency rate cuts). Between ...

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

I think that 21% of market participants expecting 50 bp is quite a bit. I'm not sure what the trigger would be, but cutting back rate bets could probably send gold lower. On the other hand, more tariff drama, Brexit news, Iran instability, etc can ...

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

Well said. Nothing but respect. image Thanks Ben!

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

I'm right there with you Ef5. The latest dot plot has the majority of the Fed members' (8) assessments at finishing 2019 with rates in a range of 2.25-2.50. There are two outliers and the rest (7) are in agreements at 1.75-2.00. I posted it ...

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

I'm on the same page. Can't justify going long right now. I'm waiting for a good shorting opportunity.

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

Well my good sir, glad to have you aboard. SHFE is going to open shortly and it's going to be very interesting which way gold goes. I can't imagine the USD sell off continues. We should see downward pressure on gold prices, unless ...

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

Right now, I'm starting to get my sell short orders ready because gold is going to drop when the market realizes they oversold the USD.

Gold RIGHT NOW

Hard to make an argument against gold heading lower given how oversold the USD is. The fact that the market is still pricing in more than a 25 basis point rate cut for July is absolutely insane. I believe the fed has been preparing the markets for ...

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

Did anybody notice how the bond auction impacted the markets today. Gold seems to have been the biggest mover. image It's rare that gold reacts much to US bond auction results. I can't remember ever seeing an impact like that on the 30 year ...

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

It has been fun because of the way gold has been taking a direction and just going. I generally prefer trading gold over most other commodities. Welcome aboard sir!

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

Exercise caution around these events. Good luck! image

High Impact Events Trading... Gold & Copper

HI Mmase12, if you're holding on to Gold, EUR, and GBP long then you should be up pretty nicely. I would be cautious and make sure and have some trailing stops or lock in profits however you can in case we see the dollar make back some of ...

High Impact Events Trading... Gold & Copper

Sounds like a solid plan. I am having a hard time making sense of how hard the USD sold off, which in turn supported gold prices. Right now, it seems like this rally is overdone. The USD might be oversold. I went back and looked at the most recent ...

Gold RIGHT NOW