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by Ashraf Laidi
Posted: May 14, 2009 16:44
Comments: 54
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This thread was started in response to the Article:

Oil to Underperform Metals

Forex, oil, gold & equity implications of rebounding Gold/Oil Ratio.
 
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Rob
New York, United States
Posts: 305
15 years ago
May 19, 2009 14:27
Question/Comment for anyone who wants to respond -
Shouldn't a drop in housing starts actually be GOOD for the US economy? The housing bubble and glut of excess inventories seems to be the major problem, or at least the major consumer driven problem. And with less houses constructed, the supply goes down, which is just what we want for a recovery. In my view, the last thing the US needs is growth in the number of new houses, right now.
SPECULATOR
LONDON, UK
Posts: 17
15 years ago
May 19, 2009 10:34
H2 will be a different story i think but certainly more room for cable to rise as well as global stocks. cable could overshoot PPP exchange rate 1.56 big mac index very soon and then take corrective movement down.

now that stocks are looking expensive to current earnings we are bound to get downards pressure in the near future but when nobody knows as there is too much investor herding right now.
Ashraf Laidi
London, UK
Posted Anonymously
15 years ago
May 19, 2009 10:30
Taha. looks like we will target $1.5570 (200 day MA) and could follow to as high as 1.5720 but not more than that. Watch the US data today. if its better than exp then good for sterling.

Ashraf
taha
Cairo, Egypt
Posts: 50
15 years ago
May 19, 2009 9:50
Hi ashraf ,
It is ok , could you tell me what is your forecast for Gbp/usd and ftse for the rest of this month ?
Taha
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 19, 2009 7:35
Sleiman, Yes, i do. the oil rally has been a a result of improved risk appetite (investment demand) and not better growth prospects. The 17% rally in India has also been a factor.

Ashraf
slaiman7
Lebanon
Posts: 31
15 years ago
May 19, 2009 0:45
Do you still think oil is heading lower after today's rally?

Slaiman
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 18, 2009 23:24
Snoopy, yes indeed. Let's see if the reversal continues.

Ashraf
SnoopyJC
United States
Posts: 1
15 years ago
May 18, 2009 19:25
Today it looks like the downtrend is continuing in the Gold : Oil pair. You can do the GLD:DBO chart right now and see it:http://stockcharts.com/h-sc/ui?s=GLD:DBO&p=D&b=5&g=0&id=p45203876561

--joe
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 18, 2009 18:03
Taha, i cannot tell you what to do with your position because i do not know (i) where you got in (ii) how much you are losing (iii) your risk/reward preference. I am not here to give this type of advice, but only to talk about market direction. strong resistance at $1.5380

Ashraf
taha
Cairo, Egypt
Posts: 50
15 years ago
May 18, 2009 16:41
Hi Ashraf ,
I have a short positions on Ftse and GBP/Usd . Do you recommend to clsoe it or wait ? .
Taha
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