George Benson - I have been a long time follower of Ashraf's and still very much follow his own extremely valuable insights. But your saturation of the forum has been a bit offputting, I have to say.
Ashraf - It seems your Nov 29th post is so far looking good - Euro to fall on QE. Assuming that implies stronger USD does that also imply falling gold? Or would gold benefit from QE? manybthanks, John
Ashraf - Do you see a stronger Chinese yuan sooner than expected - as a preferred policy move to interest rate hikes, reserve adjustments etc viz inflation? If so, what effect do you think it would have on precious metals? Many thanks, John
In view of your yesterday's post regarding the immediate nagatives for gold how does that affect your recent time frame for its upside prospects (ie. your Nov 16th suggestion of Q1 2011 timeframe for gold to hit $1550)?
Ashraf - I've just seen your today's very strong video re AUD/USD, S & P double-top, EUR/USD etc. You have also posted previously that you see more likelihood of Gold going downside than upside. Is this still your position despite today's rise which James asrcibes to gold's safe haven status? Many thanks, John
Catnip - yes, I get that the USD will benefit from a PBOC hike in relation to other currencies. But that doen't resolve the obvious questions surrounding the USD's long term weakening - and that of other major currencies the Euro, GBP, JPY - which is what has fuelled a great deal of the interest as an alternative hard currency. Will this interest prove well founded in a new crisis or will we simply revert to the old paradigms, with gold falling as USD rises. That's my question.
Do you see the falls in commodities and precious metals as harbingers of a crash on the cards eg.if China hikes? The resistance reactions on gold, for instance,were lacklustre late Friday. If so, will gold go down the way of everything else as previously? Or is it in a new paradigm as an alternative hard currency?
My query re your Oct 10 post prompted also by your post of Aug 18 thus:
'As long as markets expect the Fed to engage in a new round of asset purchases later this year, chances of operational (not verbal) FX intervention from Japan are minimal'
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
It seems your Nov 29th post is so far looking good - Euro to fall on QE. Assuming that implies stronger USD does that also imply falling gold? Or would gold benefit from QE?
manybthanks, John
What effects will an ECB cut have on gold and silver?
Many thanks, John
Do you see a stronger Chinese yuan sooner than expected - as a preferred policy move to interest rate hikes, reserve adjustments etc viz inflation? If so, what effect do you think it would have on precious metals?
Many thanks,
John
In view of your yesterday's post regarding the immediate nagatives for gold how does that affect your recent time frame for its upside prospects (ie. your Nov 16th suggestion of Q1 2011 timeframe for gold to hit $1550)?
With continuing admiration, John
I've just seen your today's very strong video re AUD/USD, S & P double-top, EUR/USD etc. You have also posted previously that you see more likelihood of Gold going downside than upside. Is this still your position despite today's rise which James asrcibes to gold's safe haven status?
Many thanks, John
John
Do you see the falls in commodities and precious metals as harbingers of a crash on the cards eg.if China hikes? The resistance reactions on gold, for instance,were lacklustre late Friday. If so, will gold go down the way of everything else as previously? Or is it in a new paradigm as an alternative hard currency?
Many thanks,
John
My query re your Oct 10 post prompted also by your post of Aug 18 thus:
'As long as markets expect the Fed to engage in a new round of asset purchases later this year, chances of operational (not verbal) FX intervention from Japan are minimal'
John
Many thanks,
John