Forum
Posts by "radu"
206 Posts Total by "radu":
9
Posts by Anonymous "radu":
Hy Ashraf ,
Very , very good view above gbp/usd and gbp/jpy , i really apreciate .That help my a loooot.
Lake i said , i was short on both.Today i close my gbp/jpy in 147.65 and switch it in a long position with target aprox. 148.50-149 and then another switch in a short position.And please don"t understand me wrong i don"t want entry/exit points , but what you say , gbp/jpy could make the same pattern lake last week ( with that mini rebound in 151.2 ) and after than goes down ?
Thanks a lot Ashraf
Hey Ashraf ,
I feel i make a big mistake with this 902 gold price but let me explain what was in my mind : 1 metric ton is 2204.6 pound *453.59 gram (1 pound) = 999989 gram * 403.3(metric tons)=403.295.563,7 gram what is (in ounce , 1ounce=28.3495 gram) 14.225.843,9 ounces.So IMF want to sell 14.225.843,9 gold ounces with 13-13.3 $billion result a price 925$/ounce.
But now , after your question i saw on imf.org they want ro sell a amount 403.3 metric tons or 12.965.649 fine troy ounces ( so , is obvious i make a mistake and i am sorry for this , with some transformations , i don"t know where -maybe somebody tell me ).
So , in this case 13-13.3$billion for 12.965.649 ounces is 1002-1025$/ounce of gold.
In wich mode will influence this huge transation the gold market ?
Said , i don"t know about what you ask me , maybe ,if you are so kind to explain me that .
Thanks Ashraf , thanks Said
Hi Ashraf ,
I have a question for you : as you know IMF will sell 403 metrics ton of gold ( to the central banks - of China , Russia parhaps ) . If i calculate good the price will be approximately 902$/ounce . Obvious this is a transaction out of market , but this sell and this price will do (not) disturb the gold market or the gold price in any way ?
Thanks a lot
Hey Ashraf ,
Do you still see the down trend channel on gbp/jpy ? and this ( up to aprox. 150 even 151- you said last date is possible a rebound to max 151.7 ) is just a corrective moving ? what you say ? it is feasible to see this pair 140 or maybe more this months ? can you give me , please , an advice about that ? i am still short on this pair...
Hello Ashraf ,
Many thanks for your input , apreciate it
Best regards
Hello Ashraf ,
I want to ask you if you mentain your view about downtrend of GBP/JPY.Technically it could hit 147 and maybe more ( because of JPY strength ) , but another advice will be good to me .
Many thanks
Hey El Shaer ,
IMT is a shortcut for Intraday Market Thoughts
Hello Asad ,
I heard about Phibro...Andrew Hall ( in a old post ) ...scandal with bonus from City bank 100millions $- can you imagine that ? you realise how big was the jackpot ? - but how do you know that ? a " whisper " maybe ?
Asad ,
Indeed Asia is pretty crased and i"m ready to make a pretty big short today on EU indices
Sorry ,
Was a error i think and i am doubling the post ... but nobody will be angry , you deserve