Forum - Gold, Oil & Indices (Equity & Bond Indices) (Topic)

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Apr 12, 2011 14:46

Russian RTS drops 2.6% take care w/ oil long

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Apr 12, 2011 12:43

Gunjack, you had a good read !

I had to laugh when (several hrs after your entry) GS announced they were getting flat PM's :-)

This apart I hope you have noticed how many of the fib projections I work prove to be good minor reaction levels at which to take some profit and every so often one will result in a signif turning point. Combining the methodology with trailing stops and playing say 3 to 6 units can become very mechanical which is a good thing to aim for in the long run.

DaveO

UK

Posted Anonymously

13 years ago

Apr 12, 2011 12:26

BigBaby, Mach is right, take heed. There is only one analyst I trust to trade and manage my savings and that is meeee. Most investors lose money, you are better advised to climb the learning curve to becoming an elite trader, a trader who makes money.

Trading PM's is no different to trading any other mkt, learn how to read your charts. Stay away from trading in miners unless you have specific knowledge. You can trade the index futures mkts.

You will not find any signal service having insider information. If I had insider information the last thing I would do with it would be to share. Why would I need to do that ?

90% of analysts are wrong 90% of the time so this is what you are up against relying upon others. If you are not prepared to start working extremely hard to learn your profession as a trader I would advise you to divert to something a lot less challenging. Become a brain surgeon instead is one idea.

bigBaby

Singapore

Posted Anonymously

13 years ago

Apr 12, 2011 11:55

Hi Mach,

I am more inclined towards investing than trading, though I would like to dabble in short term trades for the heck of it sometimes. The guidance I am looking for is for the former.

I would have thought there should be good quality research out there already. Do I really have to start one on my own?

If your point is that I cant trust anyone except myself, then I would agree that I MUST come up with my own trading plan.

But actually I am prepared to trust people who are more experienced than I am and accept and live with the consequences.

Gunjack

London, UK

Posts: 1184

13 years ago

Apr 12, 2011 11:26

Dave - Ignore is right...was "magic"...nah but seriously i thought CL was out of synch with any fundamentals and technicals after fridays spike which was purely based on the selloff in USD. That combined with china raising rates and reporting a trade deficit for first time since 2004 convinced me that CL was way overpriced. I felt further sure when ppl on twitter started saying 120 was on the cards!!!

Machiavelli

Posted Anonymously

13 years ago

Apr 12, 2011 9:15

First, decide if you want to trade or invest. Trading requires doing your own r&a t/a etc. No newsletter or analyst info or even insider info will help you in this. Indeed, all these, plus newspapers, TV, anything else will prove to be a hindrance in your success. And it will require your constant attention until you're proficient enough to know what's going on in the markets even without looking at your computer. If you invest, your time horizon is much longer, you will stand the brunt of price swings as opposed to riding them and base your decisions based on fundamentals. Good quality research is essential in doing so and good analysts can help you. Treat this as a business, formulate a business plan, figure out how to test your plan without putting money on the line, and then act in accordance to your findings.

There, I saved you the first 100k worth of lessons.

bigBaby

Singapore

Posted Anonymously

13 years ago

Apr 12, 2011 8:52

Hi peeps,

I am considering subscribing to a daily newsletter where there are trade recommendations for spot silver and gold so that I may get some guidance on entry/exit points, including where and how I should place my stop loss orders.

I have heard that one should not be trading the metals futures markets if one has no inkling of what the insiders are doing. I know it sounds silly to ask to ask but I will anyway. So are there any insiders or those informed by insiders providing analyisis out there ?

And if not, do you guys know of any precious metals analyst who is worth subscribing to, paid or otherwise ? I fully appreciate that no analysts will get it right all the time or may be even most of the time. But is there anyone out there worth shelling out our hard earned monies for and who is worth the listen ?

Thanks for sharing your views and/or info.

chloethebull

halifax, Canada

Posts: 1183

13 years ago

Apr 11, 2011 23:11

any1 even daring to short silver? dont follow it really just looks tempting..ashraf talked about the relationship between g/s and its ratio..well i think were trading @ 30+yr level to the low side 36...ideally it should trade new 50+..back in jan ashraf had the opinion that silver could pullback 11-12%from the 30+ level which would be 22-24buk(200dma)..as for gold he was thinkn gold vulnerable to breach 1290..so if we take his jan # it gives us 54-58ratio..after the massive run up in both g/s are we still able to reach the 50+range?ive tried playing around with diffent prices for g/s should we get a pullback we need to have gold @ 1300/silve25 to start to break 50..only way i see g/s selling off is if s&p-dow markets crash forcing pl to sell there good trades to cover the bad mayb..hard to see anything taking the shine off gold for awhile..thanks gl:)

Sir Ignore

United States

Posts: 3068

13 years ago

Apr 11, 2011 22:06

Dave..very easy..he stated 'As if by magic'

cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Apr 11, 2011 22:03

As goes oil so goes Russia and vice versa. The russian RTS fell all of last week thus one could supsect some big boys are about to sell crude longs. GS JPM etc. work as contract advisors for Russian oligarch mafiosi.