Gold will swing up on next week's FOMC

Discussion in 'Gold' started by leon1998, Jun 11, 2015.

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  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Caput Lupinum, Jun 17, 2015
    #41
  2. leon1998

    leon1998 Member

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    I just knew last week's COT was the bottom signal.

    Still puzzled why? You need to read COT report in detail. :p
     
    leon1998, Jun 17, 2015
    #42
  3. leon1998

    leon1998 Member

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    Wow, gold is 1,188 USD now.

    LMAO :D :D :D
     
    leon1998, Jun 17, 2015
    #43
  4. Niveka

    Niveka New Member

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    How high do you think it will go?
     
    Niveka, Jun 17, 2015
    #44
  5. sterling-nz

    sterling-nz Well-Known Member

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    My goodness boys.
    How about a little LESS of this cot report shit and watch the charts .
    We have been up and down here for months and months and the only place gold is going in a hurry is DOWN.
    I said i would give you the benefit of doubt leon and i did , BUT THIS IS JUST ANOTHER FAIL AND ABSOLUTE CONFIRMATION YOU HAVE NO CLUES.
    I suspect some of the other posters are correct in their guesses that you are just some kid sitting in mum and dads basement dreaming.
    Last time i will bother to waste my time commenting on a thread of yours .
    Garbage:)
     
    sterling-nz, Jun 17, 2015
    #45
  6. Niveka

    Niveka New Member

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    sterling, I mean no disrespect, however, I just made $5K US in two hours so if that's the definition of clueless fail I'll take it all day long...
     
    Niveka, Jun 17, 2015
    #46
  7. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Time to trade the fade I thinks. Between now and after the opening of the European session :cool:
     
    Caput Lupinum, Jun 17, 2015
    #47
  8. leon1998

    leon1998 Member

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    I would guess, about 1,230 usd at the minimum. It depends on how the next few COT reports show.

    For now, the uptrend just started; and I think it will be good for at least for two or three weeks. After all, it usually takes weeks, NOT days, for Commercial traders to rotate their futures position.

    Enjoy the ride, and I am holding on my GLD shares too. :D:D:D

     
    leon1998, Jun 17, 2015
    #48
  9. Oldsoul

    Oldsoul New Member

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    COT report my arse.

    Normal seasonality. I'll be back buying cheap physical at the mid Aug /mid September drop again. Just like I did on Saturday and in the April low.

    [​IMG]

    Source:
     
    Oldsoul, Jun 18, 2015
    #49
  10. SilverDJ

    SilverDJ Well-Known Member

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    Not wrong:
    [​IMG]
     
    SilverDJ, Jun 18, 2015
    #50
  11. Oldsoul

    Oldsoul New Member

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    [​IMG]
    Source:

    All a matter of where you are standing.
     
    Oldsoul, Jun 18, 2015
    #51
  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Well I was wrong. Jumped on the European session triggering my stop-loss. Good thing I cleaned up on the USD/NOK after Norway's interest rate cut which more than covered the loss. I still don't see anything meaningful in the rally apart from Greece causing jitters in the markets. The Fed is still suggesting that they will raise at the September meeting, so unless something major happens between now and then to change that, gold is going to come under selling pressure. But until it does cudos, I tip my hat to you leon.
     
    Caput Lupinum, Jun 18, 2015
    #52
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    TreasureHunter, Jun 18, 2015
    #53
  14. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    They won't raise rates in September either, so we can go through this again.
    Buy aud/usd, gold and JNUG just before the announcement.
     
    LovingtheSilver, Jun 18, 2015
    #54
  15. leon1998

    leon1998 Member

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    Gold is moving up too fast, looks like it's going to have some oscillation in the uptrend.

    Maybe now it is a good time to initiate a short :p this is only suggestion for traders like Caput; others you might want to buy the dip if it does fade.

     
    leon1998, Jun 18, 2015
    #55
  16. SmartyFarty

    SmartyFarty Member

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    SmartyFarty, Jun 18, 2015
    #56
  17. Altima

    Altima Well-Known Member Silver Stacker

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    Good call there leon!

    Glad I bought some before the rise. :)
     
    Altima, Jun 18, 2015
    #57
  18. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    All we need now is AUD to go south!
     
    bubblebobble2, Jun 18, 2015
    #58
  19. Altima

    Altima Well-Known Member Silver Stacker

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    Altima, Jun 24, 2015
    #59
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Caput Lupinum, Jun 24, 2015
    #60
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