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Posts by "justin"

2 Posts by Anonymous "justin":
   
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Justin
Hong Kong
Posted Anonymously
15 years ago
Mar 22, 2009 2:14
In Thread: Gauging the Turn in Dollar, Gold & Oil
Hi Ashraf,

I would like to add on something about gold.

Since last Oct, the change of U.S. Monetary Base took the lead of the gold movement. Before gold spot retreated from $1000+ to $900, monetary base has already declined from the peak about 1 month ago. Around 2 weeks ago, monetary base began to pile up again and gold price also seemed to find the base.

U.S. Fed begins to purchase long term treasuries and MBS, which may boost the money supply in that case and gold may maintain the bullish trend as you mentioned.
Justin
Hong Kong
Posted Anonymously
15 years ago
Mar 16, 2009 13:38
In Thread: Here Comes the 2-Month Cycle
Hi Ashraf,

I agree the 2-month cycle. If that's the case, EUR/AUD may trend lower to 1.9366 and 1.90 level?

Thanks!
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