Gold Volatility

[portart]

Do you think the movement in gold lately has been orchestrated by munipulation or is this natural gyrations?

[dualstow]

Natural gyrations.

Those two words together remind me of that Beyonce GIF that Medium Tex posted a few weeks ago.
Also, "munipulations" would be a great word for the story of a corrupt mayor, like the one in Trenton.

[portart]

Why does does it seem like most of the time when I read about gold, they say,
"The bears are in control?"  The bulls are in control like 15% of the time and then immediately go to hell for the next six months.

[Kshartle]

Why does does it seem like most of the time when I read about gold, they say,
"The bears are in control?"  The bulls are in control like 15% of the time and then immediately go to hell for the next six months.

The trend is down the sellers are winning every battle.

If you never watched live charts moving you haven't seen what is truly going on. The idea that current price is what everyone collectively believes it should be is complete and utter nonsense. When I hear that from people (especially on this forum) it tells me that person doesn't understand how markets work.

The current price is definitely not what everyone has agreed it should be. Just typing that makes me laugh.

Everyday every hour buyers and sellers are waging economic war against each other. There are different size players and the battles take place on weekly, daily, hourly and minute charts. When price is trending down this does not mean everyone is selling. Again, you need to watch the charts. Buyers are coming in constantly trying to turn it up. They are getting overwhelmed by the sellers and their stops are getting run adding to the selling.

This has been a significant move and shift over the past week but it could change just as quickly.

Get a live feed and watch the charts and you'll see what they mean when they say the bulls or bears are in control.

[Cortopassi]

I wouldn't get a live feed.  It will just drive you nuts.  I am a perfect example of that. 

The past two weeks have been a game changer for me though.  With the PP, I seriously have looked at my portfolios I think 6 times over the past 14 days.  That hasn't happened in 20 years.  Quite a bit of extra time to devote to other things now!

Mike

[Kshartle]

I wouldn't get a live feed.  It will just drive you nuts.  I am a perfect example of that. 

The past two weeks have been a game changer for me though.  With the PP, I seriously have looked at my portfolios I think 6 times over the past 14 days.  That hasn't happened in 20 years.  Quite a bit of extra time to devote to other things now!

Mike

I'm not suggesting he trade it....far from it.

Anyone interested in investments and economics and the markets would benefit from watching price action on the ST charts though. You would see how fickle and quick these moves can be and how they can reverse quickly. You'd realize that just because gold or stocks or bonds drop 1-2-3% in a day you'd see it's not neccessarily a signal of some big change.

It's a battle between buyers and sellers in the short term trying to push the price in their direction and profit from the other sides losses.

Rather than drive you crazy it will give you peace of mind IMO.

[Kshartle]

I wouldn't get a live feed.  It will just drive you nuts.  I am a perfect example of that. 

The past two weeks have been a game changer for me though.  With the PP, I seriously have looked at my portfolios I think 6 times over the past 14 days.  That hasn't happened in 20 years.  Quite a bit of extra time to devote to other things now!

Mike

OMG 6 times?!?!!?

What was the frequency before Mike?

[Cortopassi]

It was continuous.  I'd have a trader window open on a second screen all day at work and continually bring it up!

I use IB and had graphs and everything.  I am NOT a day trader, but I just watched it, and I have been obsessed by it for FAR too long.

When you talk about watching ST action, the best was watching gold right after a Fed announcement.  The waves up and down produced in the few minutes would make anyone seasick.  And you could never be sure which direction it was going to be.

[Kshartle]

It was continuous.  I'd have a trader window open on a second screen all day at work and continually bring it up!

I use IB and had graphs and everything.  I am NOT a day trader, but I just watched it, and I have been obsessed by it for FAR too long.

When you talk about watching ST action, the best was watching gold right after a Fed announcement.  The waves up and down produced in the few minutes would make anyone seasick.  And you could never be sure which direction it was going to be.

I always time my sessions to begin either at market open or right after a big release such as fed minutes. I don't trade off that action but it usually starts a trend. The best ones are when you get a good move like you said minutes before and then it gets smashed by the release. I've found it creates a nice trend in the opposite direction as that side has to give up and form a strong support/resistance level.

I don't even look at the report, listen to it, have any interest in it. I just watch the reaction on the price charts.

I never initiate a position close to a release and the only orders I have open are stop losses if I am in trade still from earlier.

I can't trade gold succsessfuly though, even in sim because my personal bias affects it. I find every justification to anticipate an up-trend around the corner.

The Euro and the US small caps I have no opinion on. I think the Euro is crap long-term but so is the dollar. I think the US small caps are way overpriced but inflation will keep them that way.

This way I just let the charts tell me the direction. I have no other bias other than what I'm seeing on the screen.