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venzen replied Oct 10, 2013OK, for the mystery (and potential profit) of it: XAU/XAG or your choice of XAU/SGD or XAU/AUD
Sultans of Swing
- venzen replied Oct 10, 2013
DHT, In the good cause of Life Long Learning, and seeing your fine example, I've decided to spend time over the weekend familiarising myself with TDM. I cannot remember where you posted resources last time - do you perhaps have a link? Someone on ...
Sultans of Swing
- venzen replied Oct 10, 2013
that was like magic! i imagined you'd analyse over the weekend... OK, reviewing now.
Sultans of Swing
- venzen replied Oct 10, 2013
if you happen to run Gold through your TDM analysis, please do post.
Sultans of Swing
- venzen replied Oct 10, 2013
i dont' know, but i guess they would run (at a loss) and on cash reserves until the price appreciates. Also, I imagine Gold would not stay at $1000/oz for very long since there is a lot of demand and the rush buying would push it up quickly. If I ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Oct 10, 2013
i don't know the exact reasons without reading their history and balance sheet, but this is the general situation in Gold mining: The cost of extracting Gold (production costs) are higher than ever. Sometimes Gold mines even run at a loss in the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Oct 10, 2013
Wel, I'll be... if it isn't... Welcome DHT. Glad you're back from the beach. You didn't miss much: the markets are 100% irrational
Sultans of Swing
- venzen replied Oct 10, 2013
not my chart but a count that i agree with. This is to illustrate my view that, after the current wave 4 is completed to the downside, a strong impulse wave 5 will take Gold to all-time highs. Over the coming years of course. As I mentioned in my ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen commented Oct 10, 2013
Who's the cat that won't cop out When there's danger all about (Bernank!) Right on He's a complicated man But no one understands him but his woman...
Thrust into crisis, Bernanke tested bounds of Fed policy
- venzen replied Oct 9, 2013
raaight, so i'm the only bloke who doesn't know that Cindy is a man, man... @Ferru, just to show where i'm coming from: this thread is about rapidly cumulating large wins at the expense of big losses. That's not for newbies. Rags2Riches himself ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- venzen replied Oct 9, 2013
i'd be interested to hear what KADC says, but since i'm quoted there, here's my outlook: i think those levels could both be seen. not sure about 1050, but it IS possible. Once the downside has been resolved, 1840 is a distant (future) target. More ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Oct 9, 2013
sensible approach, i like it
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen commented Oct 9, 2013
yes. that just about puts the whole matter in a well-worded nutshell. In fact, that quote should be put somewhere for frequent and easy access...
Swiss say forex market manipulated, no details on banks concerned
- venzen commented Oct 9, 2013
yeah, i can show you a wrong price right now: Gold is supposed to be $2,500/oz and my platform says $1,301.03...
Commodity Prices Wrong as Often as 27% of Time for Traders
- venzen commented Oct 9, 2013
indeed! how many times have i not posted in these forums: "i can't trade these manipulated wretched markets!"
Swiss say forex market manipulated, no details on banks concerned
- venzen commented Oct 9, 2013
let's do that and also cut China into it. Our man in Beijing gets half for ensuring Tokyo comply. Our man in Shanghai must combine his bank's liquidity with Soros's liquidity and short UJ at 11am sharp. We must all be in a conference call from 10:30 ...
Swiss say forex market manipulated, no details on banks concerned
- venzen commented Oct 9, 2013
@Yao - sharp humour! Sharp!
I love these FOMC news posts - most of the comments show exactly why retailers have a 99% expectation of losing at this game! edit: including this one?What To Expect From FOMC Minutes? - Goldman, Barclays, Citi, Credit Agricole