i give you a valuable trade lesson gold and silver

last 12 hours gold and silver went down bigtime, i saw some messages in threads and i am sure most of you have no clue about why. some come up with the fed news etc. true as that is. that didnt explain the big move last 12 hours.

for those people who have no understanding why, let me give you some very good advise.

1. the USDJPY that is the American Dollar against the Japanese yen. is negatively correlated with gold and silver. eh what? gold is a commodity. not a currency!

yeah well you see, there you are wrong. since 2011. gold, silver moves like a currency.

so if the USDJPY goes up, gold/ silver goes down.

about 12 hours ago there was very big news in japan. in short it is called BOJ news. the Bank of japan intervened and made the Japanese yen weaker. so that means the chart of USDJPY go up and XAUUSD ( goldUSd) goes down.

so always if you want to buy / sell gold silver etc and want to be succesful make sure you have a chart open of USDJPY and gold and silver.

now keep in mind though the ratio of gold, silver and USDJPY is different.

so that means you cant hedge out gold vs usdjpy with a 1 on 1 trade. gold is always more worth then usdjpy.

also this negative correlation can also end. but for the last 3 years it aint.

so make sure to follow the USDJPY chart and you know what gold and silver will do.

if you want more info about this. just type usdjpy correlation with gold or silver in a internet search engine for much more info.

goodluck!

I just want to know when were going to see gold at 2500 like the OG promised after the credit downgrade a few years ago- i needz muh proffitttsss!!

mikehh - I just want to know when were going to see gold at 2500 like the OG promised after the credit downgrade a few years ago- i needz muh proffitttsss!!
Hyperinflation, IMO.

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Of course the two are negatively correlated.

The BOJ has been trying to devalue their currency since 2012 so they can be more competitive in international trade.

What are people going to do when your currency becomes less valuable? Put their Yen into USD, US t-bonds, or gold. This is what you're seeing. Phone Post 3.0

its funny how when any news comes out from the fed its bad news for gold/silver.

seems to be an effort to smack down G+S

AG_bull - its funny how when any news comes out from the fed its bad news for gold/silver.

seems to be an effort to smack down G+S
You're talking about when the Fed comes out with good news.

Of course when reports come out from the Fed that the market is doing better gold will drop. It's a place to put your currency for safe keeping (riskier than t-bonds, higher return). When the good news comes out people pull their money out of gold and back into stocks where they will see higher returns. Phone Post 3.0

Thanks. In a few weeks I'll start buying silver. Phone Post 3.0

if you see USDJPY is rising, but gold is not falling down. what would you do?

In Phone Post 3.0

just closed a trade on gold in profit. now who answer the question. i am not going to give answer without people trying.

2014.10.31 12:34:01 buy 1.00 xauusd 1170.48 0.00 0.00 2014.10.31 17:10:14 1173.21 -7.00 0.00 0.00 273.00
 

AG_bull - its funny how when any news comes out from the fed its bad news for gold/silver.

seems to be an effort to smack down G+S
Where are muh profitzzz. Was told by the og 1900 was a steal!! Phone Post 3.0

redeye2000 - if you see USDJPY is rising, but gold is not falling down. what would you do?
Scratch your head? Phone Post 3.0

redeye2000 - if you see USDJPY is rising, but gold is not falling down. what would you do?
Assume their cotillion has passed and look for fundamental reasons to determine Phone Post 3.0

And listen to the OG and BUY at ALL time highs. Phone Post 3.0

well just back from the gym.

first advise dont listen to those people.

difference is i show you real time trades. not some made up trades.

many people talk a lot. and it looks like they know so much with their important talk. i dont know much. i just know enough.

2014.10.31 04:44:15 buy 0.10 gbpjpy 175.204 0.000 0.000 2014.10.31 08:08:59 177.822 -0.70 0.00 0.00 235.53
2014.10.31 04:44:16 buy 0.10 usdjpy 109.600 0.000 0.000 2014.10.31 08:09:00 111.148 -0.70 0.00 0.00 139.27
2014.10.31 04:44:43 buy 0.10 chfjpy 114.689 0.000 0.000 2014.10.31 08:09:01 115.814 -0.70 0.00 0.00 101.23
 
Mikel. think more about who is the leader for the moment. is it gold or USDJPY that leads?

I'm half trolling the broken records on here. It's good to see someone talking real trading on here red eye. VU for you Phone Post 3.0