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Realities of Forex Investment
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hisah
#2261 Posted : Monday, April 15, 2013 11:15:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Many gold longs have been severely washed out.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2262 Posted : Tuesday, April 16, 2013 4:26:21 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The gold price crash is
further evidence of market rigging
http://blogs.telegraph.c...ence-of-market-rigging/
GOD BLESS YOUR LIFE
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hisah
#2263 Posted : Wednesday, April 17, 2013 6:11:55 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
The gold price crash is
further evidence of market rigging
http://blogs.telegraph.c...ence-of-market-rigging/

There was market rumour that Cyprus would sell its gold reserves for bailout and the gold market went on a freefall.

If you own the fiat money system why would you let an alternative currency e.g. gold, silver, bitcoin etc overrun your system? Until people handcuff the bastard banksters the cycle will stay put.

The largest sale occurred on Aug 2011 as gold printed all time highs. Since then it's been heading south. The last 2 days of record sledge hammer price crash has induced a lot of technical damaged. My opinion is the price will fall much further since capitulation hasn't yet happened even with the record $, € and yen printing at the moment?!

Downside targets still remain 1200, 1180 & 1080. I'll always be a gold bull, but the reality now is not to stand infront of this derailed train.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, April 17, 2013 6:13 AM | Reason: Not specified
hisah
#2264 Posted : Wednesday, April 17, 2013 1:49:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Commodos look like they want to dip again. If on the long side caution. Possibility of testing the Monday lows and retracing yesterday's entire bounce is highly likely esp on gold and silver.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, April 17, 2013 2:21 PM | Reason: Not specified
alutacontinua
#2265 Posted : Wednesday, April 17, 2013 3:09:05 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
@hisah thanks for the advice on EURCHF, SNB have defended that 1.2 floor EXTREMELY well and now with the drop in gold there hasnt been any effect on the pair especially with EURAUD and EURGBP being very bullish. Your exit at 0.8529 was perfectly timed seeing as how it now spiked towards 0.8635 :D

Btw here is GS's reasoning behind why they gave their forecasts for USDJPY which i had posted previously:

http://www.efxnews.com/s...xt-usdjpy-goldman-sachs
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#2266 Posted : Wednesday, April 17, 2013 6:28:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
alutacontinua wrote:
@hisah thanks for the advice on EURCHF, SNB have defended that 1.2 floor EXTREMELY well and now with the drop in gold there hasnt been any effect on the pair especially with EURAUD and EURGBP being very bullish. Your exit at 0.8529 was perfectly timed seeing as how it now spiked towards 0.8635 :D

Btw here is GS's reasoning behind why they gave their forecasts for USDJPY which i had posted previously:

http://www.efxnews.com/s...xt-usdjpy-goldman-sachs

And bang EURGBP is hammered after topping @0.8630 as I had expected it to ramp up to test the Cyprus panic gap down zone. From here I expect it to bump up one more time then head below 0.85. Still bearish on the weekly.

As for GS recos I don't bother with their shitty reco advice. Not worth my time this bankster.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2267 Posted : Thursday, April 18, 2013 11:43:31 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
GBP crosses were stagnant for a while, but now seem ready to move after UK retail sales report. GBPUSD needs to break below 1.5220 to confirm selling pressure.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2268 Posted : Thursday, April 18, 2013 2:04:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
FX is too quiet today meaning US session is the only market left to break the stalemate. Large moves looming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2269 Posted : Thursday, April 18, 2013 4:59:11 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
FX is too quiet today meaning US session is the only market left to break the stalemate. Large moves looming...


He he, u switched to being a day trader. Yap, its quite slow, Lets see how the US session will go and by extension, tomorrow the week close.
“small step for man”
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hisah
#2270 Posted : Thursday, April 18, 2013 6:00:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
FX is too quiet today meaning US session is the only market left to break the stalemate. Large moves looming...


He he, u switched to being a day trader. Yap, its quite slow, Lets see how the US session will go and by extension, tomorrow the week close.

If I see an opportunity I usually take a day trade, but that's not my style. Was just wondering why the muted action. But US session has come alive and I wanted to see how commodos would trade.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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