Gold will swing up on next week's FOMC

leon1998 said:
COT report out, Commercial Traders massively reduced shorts and accumulated longs.

Conclusion: gold spot in USD will rocket next week. :P
Click to expand...


leon1998 said:
It takes weeks, not days for Banksters to rotate their futures position.

More upside for the mid-term :P
Click to expand...
 
Niveka said:
How high do you think it will go?
Click to expand...
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 said:
Niveka said:
How high do you think it will go?
Click to expand...
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:)
Click to expand...

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...
 
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

Niveka said:
How high do you think it will go?
Click to expand...
 
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.

image_thumb.png


Source:
 
Caput Lupinum said:
leon1998 said:
By the way, anyone dare to short gold now; go ahead and watch your pants :D
Click to expand...

Time to trade the fade I thinks. Between now and after the opening of the European session :cool:
Click to expand...

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.
 
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.
 
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.

Caput Lupinum said:
Caput Lupinum said:
leon1998 said:
By the way, anyone dare to short gold now; go ahead and watch your pants :D
Click to expand...

Time to trade the fade I thinks. Between now and after the opening of the European session :cool:
Click to expand...

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.
Click to expand...
 
You must log in or register to reply here.
Back
Top