[keria13]

hello everobody

Hi there i am trading fx market and commodoties market since more then 10 years. Right now we are watching a prolonged dollar rally which has few more points before it ends and then will have some range trading. ( probably )
So anyone knows that when the dollar rises commodities fall .


But getting back to gold and silver first of all the correction on gold from technical point of view will extend more like to below 740 usd oz and silver to below 9 usd oz, so everyone in the near future will have a chance to catch the price lower. I have seen that a lot of people here are saying that its hard to get gold and silver, this is true but not exactly .Remember that the mints and bulion shops increase the margin in such panic times to make more profit and the difference between spot and real prices increases especially in sliver where u have the VAT . The mints are normally working and the delays are from big demand caused by stock market crash. In just one month the mints will have probably oversupply of gold and silver.

Once more about stocks and forex market, such big moves where appearing before this is nothing new , the dow was loosing more one day then now like in 1987 , its all caused by to highly levereged accouts, and complex products, and strucuteres. Like the eurusd its been going up since 2001 so now it just corrects. The real problem is the luck of liquidity, and once this will be corrected things will be ok - at least for sometime. Remember all such cases in the markets where before but people didnt take lessens from history and played with highly levereged instruments . Imagine if you buy stocks and you have a levereged of 10 times if the stock moves your way up 10 % you make 100 percent, but if it moves against you u loose all unless u pay money in to cover your margin call

So most loosers come from greed and bad money managent systems or complite luck of them which makes their trading a monopoly game


Take care everybody