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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 13:17
Their tech reports incidentally are very simplistic (inadequate), based upon trading above/below the new day floor pivot. Good broker imho though for execution and competitive spreads etc.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 13:14

I have an account with GoMarkets. They been sending out this email every day for last coupla weeks.


"Are you looking for something new to trade?

Trade Spot Gold and Silver directly on MetaTrader 4 platform with GO Markets!

With minimum trade sizes of 0.01 lots and flexible leverage up to 500:1, a GO Markets account allows you to trade gold and silver with very little capital input.

When you open your free account will also benefit from:
FREE daily FOREX technical analysis reports direct from leading investment research provider Trading Central, straight to your inbox."
bhglitter123
dubai, United Arab Emirates
Posts: 36
13 years ago
Jul 15, 2011 13:14
thanks daveo i agree with u..the whole problem im on the physical market sometimes its very hard to create balance in the midst of all this uncertainity :( in an hour everything could flip in all directions... its beeen a rough ride this year... with lots of profitable opportunities and lots of disasters!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 13:11
GoMarkets in Aus are punting their gold/silver spreads and leverage. Ok, I know americans are stuck with regulation issues they managed to broaden across borders. GoMarkets cannot accept US residents.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 13:07
on fundamenatl perspective gold has benefited recently from its safe haven quality but we all know that can change on a dime with mkts interpreting b/s with great irrationality much of the time. As I said for tech perspective gold is about due a minor ret in its up trend, nothing ever goes straight up or straight down or if it does it is highly suspect. Current fundamental worries could make for volatility and potential time bombs are hard to predict timing.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 13:00
Sarah, the technical position is easy as I previously outlined but I agree all the downside risks are immense with the eur stress tests next. Very difficult to balance the fundamentals across mkts at mo. Prob best stand aside if not already positioned.
bhglitter123
dubai, United Arab Emirates
Posts: 36
13 years ago
Jul 15, 2011 12:54
yess daveo im a premium member... and for gold he had no trades because i think he is also confused the market is too volatile and unclear as to where itwill be going in the future.. im just caught a bit thats why im asking for 2nd opinion id really be short more than long at this point... all these downgrade news and debt ceiling talks is just creating furture volatility in the market and uncertainity the market is started to be driven by news now no longeer technicals..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 15, 2011 12:34
Yes no issuer of CFD will offer CFDs on XAU XAG anymore. The spot market margin requirements become such high that trading these metals spot is no longer profitable long, only short.
Amahesh
Pennsylvania, United States
Posts: 1
13 years ago
Jul 15, 2011 12:28
After July 15th 2011 close in United Staes SEC is changing all the leverage rules for Gold & Silver. Lot of companies are going to stop trading them. Few of them are changing leverage from 100:1 to 1:1 So it will become difficult to trade XAU & XAG.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 15, 2011 11:55
Sarah, no change to my last comment. Are you a subscriber to Premium Service because AL tweeted he has posted gold trades again. Is ANYONE a premium member ??? I don't see any comments from inner circle members, like on AL silver trade that he claimed was a winner but on my charts would have been stopped out for loss.
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