Silver is Gold

[vssoma]

dear,
where is the support for gold

 

[hills_5000]

Expect gold to underperform to almost 1605 levels which if broken on weekly closing would bring it down to 1522 levels till oct..then a bounce in Nov... and a gain a set back in Dec/ Jan before we commence the journey northwards.

And yes... a bounce is expected 26 Sep onwards prior to heading down again... watch ur technicals for indications...

...

dear,
where is the support for gold

 

[sumeetsj]

Alert :

GOLD MARGIN HIKE TO 21% ( $11475) AND SILVER MARGIN TO 15.6% ($24975);
APPLICABLE SINCE CLOSE OF TRADING TODAY BETTING

[message came on my yahoo messenger]

 

[sumeetsj]

Alert :

GOLD MARGIN HIKE TO 21% ( $11475) AND SILVER MARGIN TO 15.6% ($24975);
APPLICABLE SINCE CLOSE OF TRADING TODAY BETTING

[message came on my yahoo messenger]

Link for the same news:

http://www.kitco.com/reports/KitcoNews20110923DeC_CME.html

 

[sumeetsj]

Gold/Silver Ratio chart, weekly, attached.
Also attaching Silver weekly charts also attached,
Comments on Charts..

If the previous top in the ratio chart is touched, will Silver again retrace to $18 levels ?
Only time will tell..

 

[vssoma]

 

[AW10]

Alert :

GOLD MARGIN HIKE TO 21% ( $11475) AND SILVER MARGIN TO 15.6% ($24975);
APPLICABLE SINCE CLOSE OF TRADING TODAY BETTING

[message came on my yahoo messenger]

This will certainly result in few margin calls and as some metal bulls run to cover margin calls and liquidate their position, another wave of sell-off will be just around the corner.
Maybe I am reading too much between the lines.

First sign, when US stocks rallied today, gold was struggling to come /stay in green.

Happy Trading

 

[sibumajumdar]

Dear vssoma/sumitsj

I am daily watching each of your post to learn about commodity. I am a day trader in F&O sector mainly nifty OPTIONS. Me trading gold petals since last 10 days that too with very small qty. My age & risk capability does not permit more than that. But willing to go for gunea/goldM. For this can you or anybody help me with link for a site where i can watch RT movement of COMMODITY prices & build my confidence. Thanks in advance.

Happy trading to ALL.....SLMuncle

 

[vssoma]

dear,
for gold & silver price in dollar you can watch @ this link and advantage with this site is you can add indicators also...try this one

http://www.semmo.net/streaming-real-time-quotes-gold-spot-price-silver-spot-price.html

Dear vssoma/sumitsj

I am daily watching each of your post to learn about commodity. I am a day trader in F&O sector mainly nifty OPTIONS. Me trading gold petals since last 10 days that too with very small qty. My age & risk capability does not permit more than that. But willing to go for gunea/goldM. For this can you or anybody help me with link for a site where i can watch RT movement of COMMODITY prices & build my confidence. Thanks in advance.

Happy trading to ALL.....SLMuncle

 

[vssoma]

dear,
as of my TA, still i am not comfortable in going long with silver