Thread: Discuss Commodities and Stock Market Indices

Originally Posted by SkiBunny

Dam that IS discouraging for the bulls and even the "neutrals"

Also heard that last week GS said STOCKS were a once-in-a-life buy. U catch that one?.. lol ... Maybe it took them 5-6 months to get out their tweet.

There comes a time when everyone knows and loves them so much, that peeps instinctively sell when they say go long, that they have to say go long, knowing everyone will do the opposite, when they really think it will go up.............

Of course it is quite possible they have seen the light, and are going to be honest, and decent and care for their clients...............
rofl

p.s. Sorry they don't THINK it will go up (or down) they MAKE it go up (or down)

Originally Posted by Nature Boy

Here is the Weekly Gold TF showing that Gold is currently in W5 coming south. Whenever a reversal ABC formation appears after a nine step series on anytime frame the first area that the market will target and seek to take out is W8 in the just concluded series (see horizontal pink line on weekly at 1461).

Thank you Mr CD or NB or GB

Do you do monthly… lololol

Eyes in surprise at your next stop at 1461… Hope is for losers but I *hope* that is not right
because that is below the secondary limit of my monthly “neutral” range (very bearish)
and because if you are right too often you will get overwhelmed with requests from *every1* here

.02 from the kooky korner... I am not concerned about today's dip... pick a reason from door 1, 2 or 3:

1) reaction to GS buy (lol)
2) nasty bankers suppressing price 2 days before April delivery
3) more sellers than buyers

Just dont want to see it drop below 1630 and would prefer to see it recover to 1685, just above today's high, before month end on a possible small bounce up.

From a technical view, momentum sparked by expectations for
further U.S. monetary easing faded after prices failed to breach
key resistance at $1,700 an ounce.
"Notice how $1,700/1,690 held sturdy," VTB Capital analyst
Andrey Kryuchenkov said. "(This is) not a massive pullback,
$1,640 will certainly hold for now, but a tad more is possible."

Goldman Sachs said in a research note that, as gold prices
are closely linked to U.S. real interest rates, they may have
been suffering from expectations for stronger growth.
"The gold market may have been expecting that real rates
would soon be rising along with improving economic growth,
leading to a sharp decline in net speculative length in gold
futures," it said.
"As we look forward, our U.S. economists forecast subdued
growth and further easing by the Fed in 2012, which should push
the market's expectations of real rates back down near zero
basis points and gold prices back to our six-month forecast of
$1,840 an ounce," it added.
Physical gold demand has come under pressure this week from
an ongoing strike among jewellers in India, the world's largest
bullion consumer, who are protesting against a hike in import
duty for bullion.

PRECIOUS-Gold retreats from 2-week high after US orders data | Reuters

Originally Posted by Ikee

Gold at 1570 for April fools day...

Was 1625 all we are going to get or are my targets still intact ??? One things for sure. My timing is lousy...

Originally Posted by Ikee

Was 1625 all we are going to get or are my targets still intact ??? One things for sure. My timing is lousy...

Who can foretell the price almost ten days ahead? Gold hasn't gone up since then, almost net flat, so you are too critical of yourself. You nailed december and cant nail everything right? Besides april fools isn't here yet

There has been talk about correlation among Gold, AUD, stocks.

Seems there is zero average correlation between S&P 500 and Gold over the last six years.

hi traders..I'm still remains bearish (big corrections) for Gold

1653-54 supp if breaks risk is on the move towards 1640-41. Looking at the price action I would prefer a buy around 1640-41 for a move back to testing 1652-54...

GL..

Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX

Recoded version of the webinar
Bulls vs Bears - The spread Betting Morning Update march 29 - 2012

S&P500


FTSE100


Recoded version of the webinar
http://blip.tv/fxcm/bulls-vs-bears-t...9-2012-6054696

Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri
Follow me on twitter: https://twitter.com/AlejandroDFX

Recoded version of the webinar
Bulls vs Bears - The spread Betting Morning Update march 29 - 2012

Gold


Brent


US Oil

Originally Posted by stryker

1653-54 supp if breaks risk is on the move towards 1640-41. Looking at the price action I would prefer a buy around 1640-41 for a move back to testing 1652-54...

GL..

Stryker, Alejandro,

We didn't get to 1640, only 1646 and then slowly up to 1657 (now), so are we still going to see 1640 or 1600, Or lovelyforex's 1570, Greg's 1400, or Nature Boy's 1300?

Or a bit of a bounce up? Or a bit of coin toss?
Or scalping?

I just joined to thank everyone here for the last two weeks and all the talk about the USD/CAD and Gold. My favorite chart was the iron ore versus gold chart, it's not too technical but says a lot.

I run a small business and receive payments in US dollars so for years I've come here to try and figure out how to time my forex exchanges from USD to CAD and now I'm doing the Norbert's gambit method where I buy IAG.NYSE and later sell IMG.TSE. Now I'm making money on my forex rather than paying for it! So, of course now I'm following gold too. This could get addictive!

I also ordered two books today from Amazon
Technical Analysis of Stock Trends: 9th edition and
Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition
They both look pretty good too, so soon I'll be telling you all what's gonna happen!

Inflation Nation

Pretty self explained on the chart itself.. however a poss inv HNS is getting spotted..

GL..