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hisah		#1301 Posted : Thursday, September 22, 2011 6:54:07 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: Gold bugs, the warning was the H&S pattern on 4hr chart yesterday - the neckline 1795 is totally broken. The monthly candlestick is forming an inverted hammer. Gold will be a sell the whole of October as the central banks flood banks with useless dollar liquidity. Though dollars are being flooded, gold cannot rally since it was a defensive play with eurozone default being the drive. Obviously my USDCHF long trade is now scrapped after this coordinated dollar hurricane! Interesting how things have changed within 5 trading days. I short gold to test sell momentum and it works with all the euroland default tension! I scrap my USDCHF long due to 4 CBs (ECB, SNB, BOE and BOJ) conducting a coordinated dollar swap line with the Fed and USDCHF flies from 0.86 to 0.91... But everything under the ponzinomics this is very normal of 'free' markets!? Bizarro markets! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz		#1302 Posted : Friday, September 23, 2011 9:46:37 PM
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility		hisah wrote: @Ceinz - remember margin call... A lot of traders will sweat blood with this volatility... EURUSD - another 200pips plunge today... Remember the margin call. “small step for man”
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QW25081985		#1303 Posted : Friday, September 23, 2011 10:03:02 PM
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani		Gold . WOW and its friday !!!!!!
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hisah		#1304 Posted : Friday, September 23, 2011 10:53:50 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		QW25081985 wrote: Gold . WOW and its friday !!!!!! I hope this gold thing can get to $1500 and silver below $25 for a proper buy up for the next parabolic launch... Below $1540 S.Korea's CB gold purchase level in July 2011 will be under water. That will be one of the solid entry levels. Reuters wrote: UPDATE 2-Bank of Korea buys gold, first time since '97-'98 crisis - Mon Aug 1, 2011 7:21pm EDT The Bank of Korea said in a statement its latest gold purchase was valued at $1.24 billion. It did not say whether it had bought gold bullion or funds. At 25 tonnes of gold, equivalent to 803,769 ounces, the average price paid comes to $1,543 an ounce, based on Reuters calculations. A Bank of Korea official said it was the bank's first gold purchase since at least the 1997-1998 Asian financial crisis. I still think this weekend and the next, euroland will have some nasty announcement that is yet to be priced in... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1305 Posted : Saturday, September 24, 2011 8:05:14 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Mystery of gold, silver & copper tanking rout solved. CME group hikes margin requirement by 21%, 15%, and 18% respectively. These days the ponzi masters dont give a hoot about admitting their manipulation! A blank admission that they can no longer suppress prices, but rather starve the capital flow piling into gold & silver contracts. One JP Morgue would be happy to see silver cheaper than its JPM stock price for obvious reasons. http://www.scribd.com/do...48/Gold-Margin-Hike-9-23 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1306 Posted : Saturday, September 24, 2011 8:19:23 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Btw there was a rumour about EURCHF peg being hiked to 1.25 from 1.20. Seems SNB as usual is nervous of Mr Market's attempt to force his way against the peg... We will see by Dec 2011 where this drama will be holding... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1307 Posted : Monday, September 26, 2011 7:32:48 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Very annoying garbage from lame stream media on gold. BS is an understatement... http://www.theglobeandma...r-safety/article2178376/ $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1308 Posted : Monday, September 26, 2011 8:03:22 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Trade update - TP for gold short placed @1610. This is where I exited the long as this metal rallied to 1920. After looking at the charts a strong support is seen @1580 - 1590 zone. Also with S.Korea CB entry @1540 zone, these levels will encounter solid defence of buy demand. Gold short position off after TP @1610 was hit yesterday. Gold price went down to $1535 and as expected met sizable buy demand to push the price back above $1600. I expect another shot at $1500 - 1550 before the selling is fully absorbed. Any level below $1550 are accumulation levels for the next rally aiming $2500. Silver to hit $28 and got picked up and pushed above $30. Just like gold I expect another test of $25 - 28 for accumulation before any rally can start likely to break $50. I'll stick to shorting euro banks, accumulation of gold/silver (gold/silver stocks too) and dollar buying (short term - just to ride the dollar squeeze). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1309 Posted : Tuesday, September 27, 2011 8:06:01 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Trade ideas... Longs USDSDG - Order placed @1.250 - I'll be heavy here USDZAR - Order placed @7.500 - I'll be heavy here USDCAD - Order placed @0.9800 USDCHF - Order placed @0.8810 Yap - all dollar longs... Shorts EURUSD - time to short the ugly sister pair - @1.3800 AUDUSD - @1.0100 NZDUSD - @0.8100 Gold/Silver trade will be updated later. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985		#1310 Posted : Tuesday, September 27, 2011 9:04:01 PM
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani		market looks choppy .... am waiting for a better trade ..
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