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Topic: July (XAG, XAU, GDX, GDXJ & USDJPY) (Read 838 times) previous topic - next topic

0 Members and 2 Guests are viewing this topic.
  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #90
What's with USDJPY today?

  • edthelorax
  • [*][*][*][*][*]
  • Administrator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #91




For Entertainment Purposes Only.

Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #92
The Yen is looking bearish at this time, but flattening out. I'd say a bottom drop is likely. I'm looking to drop below 110.80. Should this be the case then I think it will be a go for Gold and Silver up to September. Hope so.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #93
The YEN trade looks to be anemic. There appears to be no action.

  • edthelorax
  • [*][*][*][*][*]
  • Administrator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #94
For Entertainment Purposes Only.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #95
It was the website I use that caused the chart to appear to be stagnate.  O:)

  • edthelorax
  • [*][*][*][*][*]
  • Administrator
Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #96
 My guess ATM  is that it comes up and hits the 200DMA (blue) currently at 17.10. Liekly the upper pink. I am bullish for the next 2 weeks, as the following silver breaks out and the crowd stumbles in. I  then see a down month, retesting the 50DMA (red) washing out these ST bandwagon players. Then the real fun begins.
CnP from my TV silver chat.
For Entertainment Purposes Only.

Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #97
My guess ATM  is that it comes up and hits the 200DMA (blue) currently at 17.10. Liekly the upper pink. I am bullish for the next 2 weeks, as the following silver breaks out and the crowd stumbles in. I  then see a down month, retesting the 50DMA (red) washing out these ST bandwagon players. Then the real fun begins.
CnP from my TV silver chat.

Just looking at your 200 MA, it's looking pretty strong with a nice flattening of the line going into what should be a nice bullish phase. I'm thinking the overall performance could be a little better. We'll see. GL all.

Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Reply #98
I held my AG but sold my NUGT for small loss
Added CDE at 7.89
Have 2 sizeable trading positions now with AG at 7.19 and CDE at 7.89...with stops about 4% lower
IMO this is a great trade at the moment as you define your loss and these can easily go 25-30% higher with a nice gold move.

For grins and giggles, Monday I started monkeying around with a single NUGT $32.50 put contract that I sold for $96 net of friction. It is fun, and can't get burned to bad, probably not as bad as at the casino.