Gold 2013 ......a lack lustre year?

http://www.trade2win.com/boards/commodities/135664-gold-2011-12-a-33.html#post2046344

carrying on from the above

the bulls, the money managers, are puking some today.....likely target for a bounce, i think, is the 1635 then 1618 fro a head fake level on a ratio.....but a larger swing down will find a lot of commercials buyers...silver has blown it's 1:1 ratio today, although, if a sustained lift in the SML/RUT in the US is likely to see a strong swing in demand for silver to out-play gold......

Whilst 1800 has acted as resistance gold has made lower lows.

So now 1640 the old target has been taken out, T2 = 1540 is next.


Strategy to continue shorting the rises in gold for 2013 is in play.

we're 1.5 hours from todays NFP and likely more dosh into bonds out of metals......would it be too much to ask for a dummy spit in index futes and a spike low/suckers bounce for metals to set-up a secondary sell.....

gold is certainly on a downer in 2013 ..........and the strong USD is certainly giving it a kicker

N

Not me, I let the Market come to me, posted in another gold forum here be patient.
Resistance in June and August last year acts as support. This morning I am long from 1626.80.
Profits started at 1650 stops safe at 1635. If Gold acts like the majority of years we should see higher prices end of January .then a retrace again in February and the bull season for gold starts March to May.
Study seasonal charts and be patient to allow the market to come to you at YOUR price.

sorry for more of the obvious pointless charts for illustration...eh, old hobbits

.....the 100 weekly will have triggered buy programmes and i suspect we saw a mixture of commercials and money managers buying that low....if there's a true cyclic seasonal tendency it was probably blown out by the bernank/draghi opportunity to pump n dump

the cot showed miner contraction of shorts, but nett, money managers and retail are still substantially long, i dont get any purging has happened....

other tech jibba jabba notes are the ratios for both gold and silver returning to 78.6 level of the low break-outs (triangle) to the highs (aug 15th low silver and aug 2nd low gold) and gold had a 100% price length of the oct 5th high to nov 5th low taken from the nov 23rd high as a tight cluster at 1629's just being broken and retraced

all these things producing a long tail at the close

no doubt a lot of retail and a few money managers were selling all the way down, not to confuse the time of day this took place, selling in the overnights ("asian session") and buying in the london//pre-new york active sessions.....

so a lot of things fit nicely from a bulls point of view, not so much a tech pov, not yet, the low needs to hold and we have some levels to break before the ten-thousand-an-ounce-carry-an-auto-weapon gang can rejoice and breath a sigh of relief that the bigger fool theory is intact.....lulz

stop now goes to 1640. to stay long this Month we have to have higher daily highs for me to stay long.
I try to keep it simple.
My goal is to try to get a trade to 1700 by the end of this week.
I still wont look long for a longer term until I see if February is as bearish and volatile as 2012.
I am looking to see since they 1800 call options were left in the dust,the 1600 puts may not get hit also.

goldluvr said:

stop now goes to 1640. to stay long this Month we have to have higher daily highs for me to stay long.
I try to keep it simple.
My goal is to try to get a trade to 1700 by the end of this week.
I still wont look long for a longer term until I see if February is as bearish and volatile as 2012.
I am looking to see since they 1800 call options were left in the dust,the 1600 puts may not get hit also.

Click to expand...

It's rare seeing the number 1800 on any print talking about gold these days. I reckon if we ever see those heights blind men with their dogs will be taking shorts. Wouldn't suprise me if aliens come and join the party too.

The dollar printing presses are winding down. The US growth is on track and even if it is insufficient to cover the budget defecit, any new funding will be complemented with tax hikes and expenditure cuts.

Anybody who doesn't see the sign on the wall needs to go to specsavers pronto...

1795 was here 3 short months ago.
Can you tell me why its not possible in 2013?
I am sure you know the manipulators can do whatever they want with any commodity.
I'll take my chances buying below any moving average and waiting to short when we get above thanks.
Cheers

Gold/yen ratio also has gold at highs in Asia where they love the stuff.

goldluvr said:

1795 was here 3 short months ago.
Can you tell me why its not possible in 2013?
I am sure you know the manipulators can do whatever they want with any commodity.
I'll take my chances buying below any moving average and waiting to short when we get above thanks.
Cheers

Click to expand...

Just adding tongue and cheek goldluvr.

Basically, I'm bearish on gold.

stop goes to 1645 .I day trade very little and this is a way to make a nice profit every day on a 2 lot even if my goal is not achieved.
Come on 1700

With 666 a number we all will never forget, I chose to take 1 contract off at 1665.0 overnight and was filled.
The Market has a memory thats amazing.
Cheers

took off my long position here at 1680.50. 1680 in the past has been resistance and being new to futures trading (3 yrs new) am never upset when I take profit.
Thank you for the opportunity to share here.
Cheers

Germany wants it's gold back.

Who next I wonder, it's all about trust !

Bundesbank weighs bullion against public pressure - FT.com

counter_violent said:

Germany wants it's gold back.

Who next I wonder, it's all about trust !

Bundesbank weighs bullion against public pressure - FT.com

Click to expand...

Didn't they steal gold from the Greeks over the two world wars?

What goes round comes around :idea:

Gold poised to go much higher. It's been going more or less sideways for a long time now, so when it does move up, more than likely, it'll be a big rise. I still think it has the potential to go to somewhere approaching 1400 before that happens. With so much manipulation and the Chinese especially wanting to buy so much (with Trillions of Dollars they need to offload before the Dollar collapses), a downward draft wouldn't surprise me.

Fundamentals are still on Gold's side.

Funky Trader said:

Fundamentals are still on Gold's side.

Click to expand...

So are the technicals

malaguti said:

So are the technicals

Click to expand...

Any targets you have in mind?

What does much higher mean? $17, $18, $19?

Atilla said:

Any targets you have in mind?

What does much higher mean? $17, $18, $19?

Click to expand...

In the short term 1790 has already been achieved, but 2190 has yet to be reached. But I'd like this to close past the 1775 mark first.
Let me get a chart from somewhere..