ZarNegar
Short

The heavy fall

FX:XAUUSD   Gold/U.S. Dollar
2271 11 31
During the next two weeks.
  Probably will be bad news for gold             .
The coming days. And perhaps at the beginning of October
  Gold             will fall to 1044
bracken
a year ago
So "probably" and "perhaps" gold will fall to $1044 in Oct. I see...
Reply
bracken bracken
a year ago
Excuse me:
So "probably" and "perhaps" gold "will have a heavy fall" to $1044
Reply
bracken bracken
a year ago
Uups!
Swiss Investigate Seven Banks Over Precious Metals Market Trading
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui

http://www.wsj.com/articles/swiss-investigate-seven-banks-over-precious-metals-market-trading-1443419289

ZURICH—A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line of probes into the rigging of key financial markets that have increasingly spread into the multibillion-dollar trade in metals.

Switzerland’s competition commission, known by its German-language acronym WEKO, said on Monday that it is investigating potential manipulation of prices in the trading of gold, silver and other precious metals at UBS Group AG, Julius Baer Group AG , Deutsche Bank AG , HSBC Holdings PLC, Barclays PLC, Morgan Stanley and Mitsui. WEKO said that it suspects that the banks have manipulated the so-called spread on precious metals, or the difference between bids and asking prices.
Reply
Dragon1 bracken
a year ago
thanks for nice analys
I agree first 1044 then 1273 again fall to 900 mybe
Reply
Comment removed
Dragon1 Stockman
a year ago
I Sell gold at 1146 my sl 1164 my tp 1044 but now I close half of my position in 1126. it means correct call
Reply
bracken Dragon1
a year ago
Re Dragon
Me too, but I sold thursday already near the top and covered everything monday. It,s all about a play for options/futures expiries and first notice which usually means about a 5% downmovement to the PM-metals. The call to short monday I beleive was wrong or in any case against the odds. We will soon find out
Reply
bracken bracken
a year ago
Please notice that thursday last week was a strong up-day. Net from wednesday gold has hardly moved at all. That is highly unusual! "Usually" we should have had about a 5% down move by now or at the very last on first notice day (tomorrow). What conclusions do you draw of that? If any...

The reason we usually have downmovements around expirydays is backwardation (futures are cheaper than spot) which is a sign of scarcity of physical. Backwardation usually preceeds trendchange when the scarcity gets too large. There are about 100 times more shorts than available physical today. What conclusions do you draw of that? If any..
Reply
Dragon1 bracken
a year ago
I`m agree with you Spot not so easy for trade I like currency for trade
Reply
bracken
a year ago
Still shorting?
I guess you better run for cover
snapshot
Reply
bracken bracken
a year ago
There is no slippage in a dimensionless "synth". Go figure
snapshot
Reply
yama PRO
a year ago
Take a look at your analysis 3 months ago
Breaking news

Very nicely done.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out