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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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cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 21, 2011 19:01
Silver is driven by Morales' announcement of nationalization of Bolivia's silver mines. As now some convetrted thier long pos in physical delivery it is obvious that when the last silver bullion is out, Morales nationalizes, then silver drops to 8 USD. It has never been otherwise.
As GS called for oil 200 when it was 150 it fell to 40... russian oligarchs went belly up and GS
raked in... I guess silver will top 50 before it reverses sharply.
More important are protests in China against inflation food and gas, and wages too low.
Apparently a chain of RRRs and hikes had no effect. China has still no matter what China bulls say, no domestic market. The paper tiger will soon be done.
bigBaby
Singapore
Posted Anonymously
13 years ago
Apr 21, 2011 18:28
@chloe, I couldnt have guessed the experienced traders from the not so experienced ones; but now that I am told I would inform dave.

The next trade I am eyeing is the Euro. To sell at 14750. Why ? Straight long term trend line resistance at about 14690, right ? Also fundamentally i feel that Euro is overvalued medium term.

The other one which is tempting my punting instinct is gold, to buy if it breaks 1510. Might have to wait next week for that.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 16:26
Gold has always been much cleaner to analyse than silver so I have no problem with the silver issue, hardly ever trade a sob.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 16:22
It probably is the only way to learn, constant repetition of our mistakes. Let's face it, our own kids always think they know better so what chance with comparitive strangers :-)
jacek
Australia
Posted Anonymously
13 years ago
Apr 21, 2011 16:13
Dave Ive been there done that.. in silver that is.. I could had been another soros squizzing ML shorts if this thing wasn't such a bustard to trade.. all the way from sub 8 bucks.. maybe that's the only way to learn to survive to trade another day and be humble in the face of market almighty .. This doesnt sound too religious, does it?.. anyway it is Easter..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 21, 2011 15:54
im shocked that $cad hasnt fell bac to test 95level lol..of course not im holding it lolol:(..
DaveO
UK
Posted Anonymously
13 years ago
Apr 21, 2011 15:50
yes agree for experienced guys and gals but even so we should have valid analysis or reasons for the fade which is the question I asked novice on his silver fade. Silver of all things :-)

Trouble with me is I feel overly protective to novice traders in any forum instead of just let the mkt teach them by punishment :-) Forums with only experienced traders much easier to frequent !
chloethebull
Canada
Posted Anonymously
13 years ago
Apr 21, 2011 15:48
ur right about lots of trades..as i sit out i feel more of my confidence is leaving me:(..so i decided to short $cad @ 9510 looking to cover 9495..currently underwater lol..but just tryn to see if i can sell dollar i was going to trty eur but chose cad lol..wrong choice again:(..gl gt:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 15:40
Sorry Dave, you are right again:) it's a very dangerous method so better stay out of it if new to trading.. But can be very lucrative and props(market makers) do it for living of course.. and maybe Mach too:-)
DaveO
UK
Posted Anonymously
13 years ago
Apr 21, 2011 15:35
Thing is as I see it:- Only lots of trades and screen time improves trade management skills and trade management is the key to profitability. Fading requires those skills.
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