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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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chloethebull
Canada
Posted Anonymously
14 years ago
May 8, 2010 3:52
lucky..i agree let them make there money..soon gold will tank an we;ll be getting paid...my last trade was the longest i held so far(about 6weeks)..but its doin the same thing that its been doin for the last 6mths ..snaping back to previous levels look at usdcad... gets pounded down then by the end of the mth shoots right up 1.0700..srry bout the country change ..changed by accident an too lazy to change it back lol..ok talk to u guys over the weekend an glnext week
lucky
Nigeria
Posted Anonymously
14 years ago
May 7, 2010 20:45
rim, said They need cash and the only way to get it is to sell stocks and commodities like gold.
catnip, said gold crashed after Lehman about 200 USD. So there is a logical relation: credit crunch->gold crash. Imo that makes sense if you are cash strapped you gonna sell gold you don't buy gold.
and i said the same veim please ashraf can you give advice us thanks
rim
Turkey
Posts: 121
14 years ago
May 7, 2010 20:30
Catnip ,

You are absolutely right. They need cash and the only way to get it is to sell stocks and commodities like gold.

hence before beginning to sell they have to create an impression on people as Gold will not drop , so they will sell in every step and people will buy in every stop.This is the game and they prepare themselves to begin to sell from the highest price.
lucky
Nigeria
Posted Anonymously
14 years ago
May 7, 2010 20:08
ecb has no crude oil and it cant print money at these situation the best choice is to sell gold the rumors of 600 bln for 1100 banks the money will be taken from the high euro gold ounce
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 20:02
i am from your opinion these what i said presently
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 7, 2010 19:59
Just examined 5 year gold chart. Amazing ... we see the same pattern now as we had before Bear and then Lehman. I don't believe charts are useful for predicting future prices but anyway...gold crashed after Lehman about 200 USD. So there is a logical relation: credit crunch->gold crash. Imo that makes sense if you are cash strapped you gonna sell gold you don't buy gold. You'll need cash to avoid liquidation but you don't need gold. Now all those CBs they need more cash far more than after Lehman. Corporates need cash, PIGS need cash, Ca needs cash... but no one needs gold.
Gold future may reach its high of 1122 but then gold MUST crash I think it will fall below 900.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 19:48
ashraf gave entry order on aud he said it opportunity
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 19:20
and when gold touched 1126 it still see 1040 if you remember my friend
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 7, 2010 19:19
when oil was 147 do you believe it will come to 33 for example etc .....
Topsage the Fool
United States
Posted Anonymously
14 years ago
May 7, 2010 18:59
I DARE TO SAY THAT U WILL NEVER SEE GOLD AT BELOW 1125 AGAIN IN YOUR LIFE!!!
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