Forex Futures Forum Archive for 08/11/2006

Vienna GD 20:24 GMT August 11, 2006 Reply   
FM ... $HUI, gold and silver and copper all had big losses today and closed more or less near the lows. Similar oil.
I have it more with nt ... i think next week will bring lower lows.
At least on monday ahead of PPI on tuesday and CPI on wednesday the usual push down should be expected.

If you are right ... fine. Most of my wealth is in the physical.
So any direction welcome.

The broads closed near the highs ... do they smell peace in israel/lebanon? At least for a few hours maybe - or even for a few days?

Nice weekend @all!!!

Lahore FM 19:27 GMT August 11, 2006 Reply   
Bought gold 631.50 with rigid stops at 621.

Bought silver at 11.89,will decide stop monday.

hong kong nt 18:50 GMT August 11, 2006 Reply   
Bought cheap Aug 600P $2.x preparing for core buy next week..

hong kong nt 18:36 GMT August 11, 2006 Reply   
GD -- hope to reload core at around $600 line next week..

Vienna GD 17:23 GMT August 11, 2006 Reply   
FM ... really gangsters there: ask was at 11867, i bot market (unfortunately below 100 shares) and got filled at 11926.
Unbelieveable.
To be fast doesn't also mean to be successful. Now option changed: buy at ask +0.01 and sell at bid -0.01.
Is similar fast - but no negative surprises.

Hong Kong Qindex 16:54 GMT August 11, 2006 Reply   
Gold-Aug (Comex) : The market is going to vibrate around 630.4 with an expected magnitude of 626.8 - 634.1 for the time being.

hong kong nt 16:28 GMT August 11, 2006 Reply   
sydney gvm 09:25 GMT August 11, 2006
Hong Kong NT - I am with you on your call for gold to test 600 but I dont agree we will see 58x.x - the recent rally hasnt looked convincing - market needs to re-confirm support but I will be bidding above 600 if/when we see it GL/GT

Not surprise to see a $10-15 break below $600 on a intra-day basis..will load core at $60x and hedged with $57x put option..

Lahore FM 16:26 GMT August 11, 2006 Reply   
Vienna GD 16:23 GMT August 11, 2006
lolzzz,GD but you are right!

Hong Kong Qindex 16:24 GMT August 11, 2006 Reply   
Gold-Aug (Comex) : The current expected lower trading range is 615.7 - 623.1 - 630.4 and the upper trading range is 645.0 - 652.3 - 659.6. (The neutral zone is 630.4 - 637.7 - 645.0). The daily directional indicator is 637.7- 644.0* - (654.8). The distribution profile of super magnets are as follow : - (581.8) - 599.2* - (618.3) - 621.6* - 623.8 - 637.7 - 640.3* - 644.0* - (654.8) - 656.4 - 688.7* - 689.0 - (727.8).  A projected supporting barrier is located at 620.2. A projected resistant barrier is expected at 663.4. 

Vienna GD 16:23 GMT August 11, 2006 Reply   
Under any cisrcumstances avoid to sell/buy MARKET SLV ... 100% gangsters there!!!

Hong Kong Qindex 16:22 GMT August 11, 2006 Reply   
Lahore FM 16:10 GMT - You are welcome.

Lahore FM 16:12 GMT August 11, 2006 Reply   
london mamun 16:03 GMT August 11, 2006

think you have done very well with gold shorts.best of trades.

Lahore FM 16:10 GMT August 11, 2006 Reply   
Hong Kong Qindex 15:23 GMT August 11, 2006
thanx Qindex for info in advance.i could close my silver longs from 12.20 and gold in higher 30 almost at even.

london mamun 16:03 GMT August 11, 2006 Reply   
Vienna GD
good night. thanks.

london mamun 16:01 GMT August 11, 2006 Reply   
thats enough closed all 629

Vienna GD 15:58 GMT August 11, 2006 Reply   
Silver close to next support at 11.6x/70

london mamun 15:53 GMT August 11, 2006 Reply   
short ad 628.5 stop 633

Vienna GD 15:51 GMT August 11, 2006 Reply   
And again silver clearly led the way ... NICE!

Vienna GD 15:46 GMT August 11, 2006 Reply   
silver 11.85

london mamun 15:46 GMT August 11, 2006 Reply   
short 632 stop 637 target

Vienna GD 15:45 GMT August 11, 2006 Reply   
If i would be ppt here ... i would arrange a shortlived selloff of the broads ... and the metals and XUI would most likely start to dump ... the rest is stops doing their work.

Vienna GD 15:44 GMT August 11, 2006 Reply   
Also HUI at critical support now ...

Hong Kong Qindex 15:43 GMT August 11, 2006 Reply   
Gold : The market has a potential to consolidate between 620.2 - 634.6 during early period of next week.

Vienna GD 15:39 GMT August 11, 2006 Reply   
I think silver could lead the way ... if it falls below 12 ... it could fall straight down to ... several times mentioned pivot.
2h/4h charts.

london mamun 15:30 GMT August 11, 2006 Reply   
closed at 633. lets play in between

Vienna GD 15:29 GMT August 11, 2006 Reply   
$HUI don't look good today ... straight down - not a good sign.

Vienna GD 15:29 GMT August 11, 2006 Reply   
According to DJ Israeli Prime Minister Ehud Olmert is dissatisfied with the emerging ceasefire deal and told his defense minister in a meeting Friday to get ready for a wider ground offensive in Lebanon, a senior Israeli official said.

Vienna GD 15:25 GMT August 11, 2006 Reply   
mamun ... sorry, no advice, i know nothing here except that we had full moon - and that gold is rather choppy here.

There are times when i don't have a feeling for a market - as if i had lost connection, and then my guts are just quite. I respect such times and don't trade much then in that market. Actually i'm hedged in paper gold and silver. So going down would be my preferred scenario - yet that is just a wish.
And of course i still hold all my physical.

So mamun, my advice is: listen to your guts - they know best what to do! If they don't know - don't trade.

BTW: did you notice that also nt is puzzled right here with gold - did you notice his questions? Amazing.

Hong Kong Qindex 15:23 GMT August 11, 2006 Reply   
Gold : My weekly cycle charts suggest that the market is heading towards 629.2 today.

london mamun 15:21 GMT August 11, 2006 Reply   
Vienna GD
short from 638 stop 643

london mamun 15:08 GMT August 11, 2006 Reply   
Vienna GD
please advice. i think gold will fall to 620 by next week and it has started. should short with stop 645

Hong Kong Qindex 15:08 GMT August 11, 2006 Reply   
Gold-Lon (PM-FIX) : The current expected lower trading range is 617.1 - 626.6 - 636.2 and the upper trading range is 655.4 - 665.0 - 674.5. (The neutral zone is 636.2 - 645.8 - 655.4). The daily directional indicator is (643.8) - 645.8 - 651.9*. The market is under pressure when it is trading below (643.8). The distribution profile of super magnets are as follow : - (567.8) - 591.2* - (605.8) - 607.5 - 621.6* - 626.6 - (643.8) - 645.8 - 651.9* - 665.0 - (681.8) - 682.3* - 684.1 - 712.6* - (719.9). A projected supporting barrier is located at 622.6 . A projected barrier is expected at 653.6. 

Vienna GD 15:01 GMT August 11, 2006 Reply   
DJ: US, France Near Deal On UN Resolution On Lebanon

london mamun 14:57 GMT August 11, 2006 Reply   
closed gold position at 642.5

london mamun 13:52 GMT August 11, 2006 Reply   
survive gold long.
short dax and ftse this morning, closed now.
will short again shortly. to day dji may fall another 100 , snp 10 to 1260-

GVI john 12:59 GMT August 11, 2006 Reply   
Long term gold Chart from Tonbridge Al...
Click Here

london mamun 10:47 GMT August 11, 2006 Reply   
open order to close long gold at 649 and short from 654.3
will back late us

sydney gvm 09:25 GMT August 11, 2006 Reply   
Hong Kong NT - I am with you on your call for gold to test 600 but I dont agree we will see 58x.x - the recent rally hasnt looked convincing - market needs to re-confirm support but I will be bidding above 600 if/when we see it GL/GT

Syd 08:39 GMT August 11, 2006 Reply   
China's 1% CPI growth in July doesn't necessarily mean inflation's easing, says PBOC research bureau director Tang Xu. His remarks are likely to bolster expectations China will tighten more, with FX moves tipped. Indeed, earlier this week PBOC said (in its 2Q monetary policy report) it views the yuan exchange rate as a tool for solving balance-of-payments imbalances. Tang also says overly rapid growth in liquidity and fixed-asset investment - two areas of concern to Beijing - adds to inflationary pressure.

london mamun 07:59 GMT August 11, 2006 Reply   
hong kong nt 651-655 max

hong kong nt 07:32 GMT August 11, 2006 Reply   
Anyone think gold may test 58x-59x before uptrend reinforces??

london mamun 07:10 GMT August 11, 2006 Reply   
long gold 635. move stop 636.7

sanfrancisco analyst 05:35 GMT August 11, 2006 Reply   
Something to consider regarding inflation looking forward :

China Inflation Unexpectedly Slows as Vegetables Drop

Aug. 11 (Bloomberg) -- China's inflation unexpectedly slowed last month as vegetable prices dropped and gains in fuel and utility charges eased.

The consumer price index climbed 1 percent from a year earlier after rising 1.5 percent in June, the Beijing-based National Bureau of Statistics said in an e-mailed statement today. Inflation lagged every forecast in a Bloomberg News survey of 18 economists.

Syd 05:22 GMT August 11, 2006 Reply   
Senate hears oil price drop could cause problems
A Senate inquiry has been told that a significant drop in the world oil price would reduce the incentive to explore.

The committee has heard evidence that oil prices could fall to $20 a barrel.

The chief executive of the Petroleum Production and Exploration Association, Belinda Robinson, says if prices were to fall, it could add to problems.

"If it went back to $20 a barrel I think we'd see what we've seen in the past around the world which is perhaps part of the predicament that we are [in] globally and that is a failure to invest in exploration," she said.
ABC

Lahore FM 02:47 GMT August 11, 2006 Reply   
Bought Silver 12.20-bought gold 639.20.

no stops.

la oleg 01:59 GMT August 11, 2006 Reply   
GD, AL -- thanks, will keep an eye on it further. good trades.