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harvest3r replied Apr 21, 2011I see 7... whatever. It's way too much. Seven days ago we were at $40. Up $1 per day. Up 15% in a single week. Last month I posted my physical purchase of silver here. Some guys (not without reason) said that it was the wrong time, I should wait for ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 21, 2011
Definitely, the S&P negative rating was one of the last stabbing in the back of the USD. After the first shock, everybody is getting rid of their USD and buying whatever they can. Next week there are at least three reasons to expect some strong ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 20, 2011
Absolutely right! Any $1 drop is a dip. Yesterday night I saw that touch in $43 and thought: "well. that was a good entry point, after all". Now we are reaching $45. It's ridiculous! I have another "theory" for that. USD is the world's base ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 20, 2011
I trade gold both ways (short and long) almost every day and have consistent profits in both. It's not about the direction of the trade - it's about HOW you trade. But if you are talking about the long term, yes, in this case you should never trade ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 19, 2011
I would say "usually yes, depending on the news". If you take the earthquake in Japan, you can see that there was lots of volatility in the first days, afterwards the previous trend resumed for most of the instruments. But if you take Bernanke's ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 18, 2011
It's raining pips, hallelujah!
Limit orders getting triggered over and over again, up and down. It was fun! The battle for 1500 is almost over. Then we should prepare for the roller-coaster around the Option Expiry, next week - right beeb? 
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 14, 2011
Actually the emphasis in my question was on the transaction volume in silver. The link you posted really proves Harvey's point. Some other site indicates that the worldwide annual production of silver is really 200 million oz. I'm really surprised ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
hi beeb, could you please give some comments on the following text? It's from Harvey Organ. It sounds quite fantastic
"Get a load of this next data. The estimated volume today was a totally unheard of 121,269 contracts. This total in oz is ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
1430? Today? You are very optimistic! If you take the previous low (1412) and the latest top (1476), guess what is the 50% Fib? 1444. Exactly the point where gold bounced yesterday. I don't think it will be so easy to break such resistance after ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
In the long term, yes, equities should go higher, absolutely. They shouldn't be "shorted" without a good reason. I trade short-term and only at a specific set-up: steep movements. So at the moment I am counter-trading the recovery from the "Japan ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
1467 may be a typo, but the equities are not that unstable - they fell for some days, but Dow Jones and S&P500 are only 1% below the top, for instance. The European markets are recovering. It doesn't mean that they will go up (I myself was shorting ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
It can stay like that for days. After a rally or a sell-off, there is a consolidation period. It's not really intelligent to quote something one doesn't fully understand, but I will give a try anyway
: I read something about VSA (Volume Spread ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 13, 2011
@yaed: I like your signature
@Xtrade: relax, man... Surely you have the best for the thread in mind. I agree with your reaction against the "wild punters". But you shouldn't get so mad about it... and Euroscum is right, some of your comments ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 12, 2011
I think it's derived from the football spirit. It's called fanaticism
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 12, 2011
Pin Bar — @highlander and sixgun, thanks for the insights. Yes, to use the pin bar along the trend is much safer than a counter-trade. Sixgun: talking about counter-trade not being good, that's something I just read in another thread today. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 12, 2011
Stocks are falling today, so are the precious metals. Kiwi, for instance, didn't move much and it's still very up for the day, so it cannot be a general USD appreciation. Profit taking? It should have happened at 1475, not today at 1460. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 12, 2011
Really interesting. There is an interesting version of it here: url "With everyone transfixed by the relentless move higher in silver, stories, myths and virtually anything is used a catalyst to explain any move lower in the precious metal."
On ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 11, 2011
highlander, I was checking your blog and saw some interesting stuff, especially the daily pin bar issue. A question: would you short silver tonight if we get a pin bar? It looks like we will have one, if my interpretation is correct. It happened to ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- harvest3r replied Apr 11, 2011 Finally, finally we are seeing something close to a natural market movement! I must confess that I was shorting gold (averaging, as usual) and started to get scared due to the lack of the smallest retracement. I was afraid we would reach 1500 ...XAU/USD & XAG/USD - Gold & Silver Traders Thread