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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 10, 2011 17:06
limit sell 1830?
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 10, 2011 16:56
omg jp morgan...
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 10, 2011 16:56
gold test 1800 today...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 13:50
silver would need to break 42.95 to consider longs on daily t/f imo. Obviously this does not preclude s/t scalp plays for those inclined to scalping lower t/f ranges.
chandra
chittorgarh, India
Posts: 13
13 years ago
Aug 10, 2011 12:55
silver spot support 37-36.50 tgt 44.50-47$. all over ok
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 12:54
The current daily t/f in silver is showing a classic "corrective" pattern up from the 32.32 low to the recent 42.30 high (futures). Since then silver has been ebbing down. Unless the upside parameters I posted a while ago are exceeded silver could be waiting to descend back to new lows. Ashraf's ratio disparity can be resolved eventually in more ways than one. For example gold could crater much faster than silver.

The answer for most traders is to trade what chart price action is telling us and whilst I have been almost continuously long gold I have not yet seen a daily t/f long signal for silver since the 13th July at c.37.0 which targeted 39.90 to 41.70. All previously documented !
DaveO
UK
Posted Anonymously
13 years ago
Aug 10, 2011 12:37
Lawrence, I have regularly expressed my opinion re gold versus silver characteristics during times of great fear in the mkts. I have also often highlighted the technical differences in regard to silver's parabolic move up during feb, march and april this year as compared to gold's more structured advances and retracements. For me gold has always been a better instrument to analyse (and therefor to trade) than silver.

AL attaches much importance to the gold silver ratio being out of kilter but it darned sure does not help us where timing is concerned for actual trading. Eventually he will be right about the disparity currently existing resulting in a balancing move but that is only of potential value to very long term traders who care little for large drawdowns and massive sl's being required. Recent example of him attempting to trade silver long with tightish stops makes my point. Gold has been easy and EXTREMELY rewarding in the current market environment which has been one of "fear" !
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 10, 2011 4:37
Lawrence.. if you read the previous posts here you find that silver is just closing a gap it opened on gold earlier in the year.. anyway Ashraf best to answer your question..
Lawrence
Tennessee, United States
Posts: 14
13 years ago
Aug 10, 2011 4:12
Dave, Cat or anyone who knows metals... How can gold go parabolic while silver muddles lower? These metals don't move in lock step, but this divergence seems extreme.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Aug 10, 2011 1:04
hey dave, what ya think of that current candle stick on the s&p daily lol looks like a possible bullish engulphing candle..possible retrace back to1195-1200= 38.6retrac(1350hi-1,099) which would also close the gapdown from tues..and there we should either see lower or move higher.are you still thinkn a bigger move lower possible if so mayb 38.6 will hold??lol..ok thanks gl/gt:)
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