SunTrader

Markets don't play nice either - in case you haven't noticed. .

I must be a poor writer too. Because I wasn't questioning if you were long or short. Just what you thought the price action has been doing since the May 20th bottom. Nevermind.

How do you define this? I think 3-5 days. But if someone missed the exact bottom on (May 20th) that represents $53 right there. Truthfully now how do you see the price action since the low. Uptrend or sideways?

Opps $84 a typo, not $54. Ya got me. Same difference. $84 change in price for a market trading close to $1400 woopee Now where did you get wizard from. :rofl: All you gold bulls are so transparent. You get upset when price doesn't ONLY go up and up. God forbide anyone says the chart looks bearish. Can't be, never happen, got to be a conspiracy. The Fed, the big money, the exchanges. They are all out to get little old me. No problem. I will continue to post to others who feel it is worthwhile to have more than one opinion/cheerleader talking higher and higher without justification that makes sense. While price goes lower and lower.

Don't get yer p..... in a bunch. I put "to me" because it is obvious others including yourself see things differently. Nothing wrong with that. That is how I see things - my opinion for whatever it is worth and might very well be wrong. But what is 54 points in a market presently trading in the high 1300's? As attached chart shows (and I would think yours does as well) since the bottom on 5/20/13 there have been 7 green candle up closes and 6 red ones down closes. Presently gold is down 17.5% for the year. The upmove you see took 13 days, then 1 day to correct 50%, which should tell you something about the strength behind it. I see a sideways correction and then resumption of downmove. Time will tell.

We have retraced 50% of sideways move not up move. Divergences and high/low oscillator readings don't mean much to me. I look at them but where we are in trends, wave counts and price action itself are far more important - to me. Dollar index is at support (see chart) eurusd and gbpusd are at resistance, audusd and nzdusd both strong downtrends, usdchf and usdjpy at support, usdcad above support so in no way do I see overall dollar weakness currently or anytime soon? The opposite.

Both sooner than that, especially Silver.

Having certain trading hours and going against it - by a few minutes, is not the same as making a conscious decision to stop trading a particular day but then going against that decision.

I might consider stop trading for the day - if I didn't know which one it was. Thursday BTW. But if I decided to quit that day then that would be it.

I would avoid this post, 1st timer posting taking a survey. Doesn't sound right to me.

China a bubble? Is there really a need for more evidence to come to the realization that it most definitely is. If so: China Export Gains Seen Halved With Fake-Data Crackdown China’s crackdown on fake export invoices used to disguise money flows is probably cutting the nation’s trade figures, revealing subdued global demand that will weigh on economic growth. Outbound shipments may have grown 7.1 percent in May from a year earlier, less than half the previous month’s reported 14.7 percent, based on the median estimate of 34 economists ahead of data due June 8. Import growth probably slowed to 6.9 percent from April’s 16.8 percent, a Bloomberg News survey showed. ...... China Export Gains Seen Halved With Fake-Data Crackdown - Bloomberg

And if he is wrong .......... then he will come up with some other scare scenario. Bye Gold. Ba bye.

From a Bloomberg story: "Investors sold 467 metric tons valued at about $20.9 billion from exchange-traded products this year as some lost faith in gold as a store of value amid an improving U.S. economy and rally in equities." Isn't this a ridiculous way of putting things? Lost faith in gold as a store of value so they ........ sold their paper Gold. :doh: :rofl: Holding for the long term makes sense - if you also get in at a good price. Anything else is trading and Bloomberg doesn't have a clue about that, unless they tapped into their customer's trading terminals. Oh wait they do that now. Still don't have a clue.

RICO suave hmmm. Yea he's guilty for sure. Throw away the key. Wait, what about me? I went to the same high school (Far Rockaway High) as Madoff. True but just not at the same time. Phew!, might be safe.

Just lines on a chart and the prime example of having a self reinforcing quality.

Listen to Marc Faber - well-known longterm Gold Bull - that he is buying Gold and will continue buying more Gold but that he doesn't, repeat doesn't believe in the manipulation conspiracy theories. Funny though that he points out Gold is up 400% from its 1999 low but then say S&P 500 is only up 2% above its alltime high. An apples to watermelon comparison taking one from its low and one from its high. Meaning only Gold buyers catch low entries. http://finance.yahoo.com/video/dr-doom-government-away-gold-125241493.html

"And research has found that the price of gold moves in near-lockstep to each increase in the Fed's balance sheet." Well unless you count the last two years! :rofl:

Then proceeds to point out only the bullish points. Well what can you expect from a site that touts Gold. :doh:

More like stupidity. I guess Hunt brothers example is ancient or forgotten news.

No Love for Precious Metals—Silver Gets Slammed CNBC.com | Monday, 20 May 2013 | 1:49 AM ET First it was gold, and now it's silver. The metal fell victim to heavy selling on Monday, dragging gold down with it, on U.S. dollar strength and as investors turned more cautious on precious metals as an alternate investment, said experts. "We feel silver weakness has been a liquidation trade as investors grow increasingly wary of precious metals and traders are forced to close positions to meet margin calls elsewhere," said Stan Shamu, strategist at trading firm IG Markets. Silver slumped over 4 percent on Monday to $21.30 an ounce, leading gold down lower by 1 percent to $1,344 an ounce. At one point silver hit a low of $20.30, down 8.8 percent from the start of trade on Monday. Shamu is not ruling out further downside for the precious metal, noting that he sees support at $20, a key psychological barrier for investors. Warren Gilman, chairman & CEO of investment firm CEF Holdings, agrees that silver could face further downside pressure, even below $20. "When we have short-term volatile trends, silver acts like gold, only it's more volatile, so it's not a surprise to see it come off," he said. According to a Citi report, if silver makes a rebound back towards the $27-28 level it will present renewed selling opportunities. "Looking further forward, after nearly a decade of rising silver prices, we expect the combination of growth in mine supply and sluggish demand to continue to keep silver prices under pressure, though volatility will remain a characteristic of the market," the Citi analysts wrote. Gold to Follow Lower Silver, according to IG Markets, is a lead indicator of gold, and thus, the firm believes the yellow metal will extend its declines. Hedge funds and money managers are increasing their bearish bets against gold, according to data from the U.S. Commodity Futures Trading Commission. Gold futures saw 74,432 short positions as of May 14 - the largest short position since records began in June 2006 - compared with 67,374 a week earlier. A combination of factors including strength in the greenback, absence of strong inflationary pressures and robust performance of global equity markets has lessened the appeal for the precious metal in recent weeks. Gold, which suffered its biggest one-day fall in three decades on April 15, is still searching for a base said Gilman of CEF Holdings, which is becoming more difficult in the face of dollar strength. A stronger U.S. dollar is negative for gold because it makes it expensive for holders of other currencies. The yellow metal will fall into the neighborhood of $1,250 at which point support will likely kick in, he said. "There's still a lot of confusion regarding precious metals. The market is bifurcated between three groups - the true believers who aren't worried about short-term price movements, the Warren Buffetts who don't believe gold has any value whatsoever, and in between, the financial buyers," Gilman said. "Today, what you see is a classic unwinding of trades by financial investors...but you're not seeing selling by the believers in gold," he added. + + + Those looking for excuses such as manipulation ignore reality at their own peril.

The manipulation :rofl: continues tonight -$15. Or what others referred to as ........ :doh: the trend.

Just one of many LONG scam examples is Enron. It was "worth" $30-$40 but probably was as high $80-$90 before the s... hit the fan. Nobody complained on the way up but when it crashed plenty who were fooled bitched. Once again price direction is a two way street. Deal with it, or stay out.

Price goes up, price goes down. Some only like to scream manipulation when price goes down.

.... and every other futures contract expiration date. Nothing new there. What's your point.

For the moment? How about since Sept 2011 !