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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
Ashraf
I am adding to gold, silver, aud/usd and nzd.usd longs on this contrarian indicator IMT.
Hate to harp on a subject, but he has been dead wrong on commodity calls lately.
THKS ANYWAY
EVEN IF U ESTIMATE THERE ARE NO FUNDAMENTAL FOR SUSTAINING THIS LEVEL IN OIL PRICE ONE HAS TO MIND THAT AS LONG AS WE HAVE A RALLY IN EQUITIES OIL WILL STAY CORRELATED; THE MONEY PRINTING PROCESS HAS ENRICHED THE YIELD VALUE HUNTING ACROSS ALL CLASS ASSET
I TOLD DOW AT 9500 BUT WE WILL NOT REACH IT RIGHT NOW.
FIRST FOR END WEEK DOW AT 10475 AROUND THNE BACK UP ABOVE 10800 LEVEL
SO I EXPECT A PULLBACK IN OIL PRICES ON THE EQUITIES PULLBACK.