Australian (ASX) Stock Market Forum

Gold and Silver in free fall

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barney said:
Cheers @Joules MM1

Always appreciate your commentary :cool:
Click to expand...

failure to take off with overlapping choppy struggle the sellers held off looking for better prices but bidders didnt appear
what did appear was the swing from "top" clients at 74% going to 86% BTO just as the price broke down and "all clients going from 78% to 82% BTO

that's indicating the retail section thought they were buying the discount

the structure now indicates we are trending (again)
....question is how significant is the divergent signal of silver as a leading indicator ?
maybe it's not much at all but when they diverge this way it shouldnt be ignored if looking the opposite was as a positional idea
xauusd STO triggers 160121.png
 
not all moves are equal, someone was bidding this sigma stretch but it failed when reaching the release level ...that's a strong signal for more of the same

1743 is a decent target for mine, hits the base of the sloping channel and that's probably decision time for the managersxauusd heads to 1743 question 180121.png
 
Normal for the drop down on a Monday, gold almost returned to it's Friday close by our close and silver recovered to finish up.

In my view it has established a solid bottom and will rise from here. The new US president is going to open with 2 trillion in paper money to fix things. Fix with no solid base, US dollar will further weaken and gold will shine. In my humble opinion only. DYOR
 
Apologies for all the colour, but this chart has collapsed the trend line series I have been tracking since this bull market got underway:
1610951522567.png
Right now POG is a touch above the median price (dashed white line within the white-bounded trend channel) I have mapped for gold's steady rise.
Today's nadir was some $50 higher than support, and the current bounce north has been strong and sustained over the last 6 hours.
The steeper trend channel above is much narrower and its median is about $100 higher. Interestingly, the steeper channel is less steep than the bull trend that peaked in 2011.
I share @explod's sentiment and bask in the glory of my crystal balls.
 


the gold song today

that channel continues to favor the bulls until the base of it falls away
at 1am aest retail cfd were 81% long, "top" cfd traders were 85% long
not quite all buying the dip and not all on one side of the boat, but where was the signal to buy ?
 
For me it's sell down to 1676, only then will consider longs. This corrective stucture down I have actully made more $$ than the run to the last bull top in July August. Either just got lucky or have a retarded approach to trading....
 
I must admit to some small gold holdings which are south of where I bought them.

I’m looking at getting into silver once the reddit flashmob stop dancing.

There is way too much uncertainty. I believe Bitcoin will crash maskless by viral means.

As for viruses I believe Covid 19 has a way to go, not to mention possibly Covid 20/21 etc. Genie out of bottle so to speak.

Au and Ag are far from dropping dramatically imo.

gg
 
Gold breaching $1800 and headed for $1600 (haha)

Screenshot_20210205-010745.png

Silver, on a pullback, dip buyers prepping for $25

Screenshot_20210205-011609.png

And crypto?
Currently, gold is old... and crypto is risk on.
The trick is, get in sync with the actual crypto rotation scenarios.
Right now, the Dogecoin is it. Watch it dump and some other crypto pump.

Screenshot_20210205-010956.png
 
grah33 said:
not according to Saylor
Click to expand...
Dead money in term of not earning interest as far as i know
But i think the concept of interest on bitcoin is not actually idiotic.
Except it would be a daring person who would borrow btc at even .1% a year...
but on the other end
Borrow 1 btc,have to pay back 1.1btc in a year sell btc at 48kaud, buy it back at 44kaud and pay back your loan within a month
keep the difference.
too risky?
As long as you have collaterals, this is done with margin loan on shares.....so why not?
 
qldfrog said:
Dead money in term of not earning interest as far as i know
But i think the concept of interest on bitcoin is not actually idiotic.
Except it would be a daring person who would borrow btc at even .1% a year...
but on the other end
Borrow 1 btc,have to pay back 1.1btc in a year sell btc at 48kaud, buy it back at 44kaud and pay back your loan within a month
keep the difference.
too risky?
As long as you have collaterals, this is done with margin loan on shares.....so why not?
Click to expand...
yeah look i dk but bitcoin is a currency and later it would become stable after becoming universal. lets keep this in the main bitcoin thread i think
 

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