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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)
 
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 15, 2010 15:19
Short CL from the other day already ITM nicely
Thibaut
Lausanne, Switzerland
Posts: 2
14 years ago
Jul 15, 2010 12:42
@ Catnip

do you know the reason(s) why there is a decorrelation between two Futures (same unedrlying) with different terms (July and September for example) ?
When I say decorrelation, i mean when one goes up, the other goes downwards.

Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 15, 2010 10:05
Rim, yes it looks that way. Id say Gold is slightly higher on expectations that FOMC will KEEP RATES LOW, which is dovish and good for safehaven metal. But as long as EUR avoids any bad news, i wouldnt see how that will boost gold beyond 1230-50 from here.

Ashraf
rim
Turkey
Posts: 121
14 years ago
Jul 15, 2010 9:40
Hello Ashraf ,

You have told that Gold is anti-Euro but now do you think they act in the same way again ? Since Gold goes up while EUro goes up

Thanks Rim
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:17
Crude oil remains in a very shallow uptrend, with prices attempting to climb toward the recent highs at $79.38. Beyond that is the channel top near $80.83. On the downside, $74.25 and $73.00, the channel bottom, provide support.

Gold fell $4.00 on Wednesday, as the metal again failed to break resistance near $1215. Volatility has been declining in gold, with no catalysts on the horizon to break the doldrums. The technical outlook is simple for gold: resistance at $1215, support at $1185. You guys can play the break of either level with tight stops.

Silver on the other hand decoupled from gold, rising 0.33% on Wednesday. The move is not an indication of things to come, in my view, but rather normal fluctuation of the gold/silver ratio between 60 and 70.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 15, 2010 9:10
FXT
london, UK
Posts: 13
14 years ago
Jul 15, 2010 8:55
Ashraf, the baltic dry index has been coming off hard lately. How comes this is not affecting stocks yet?? surely if the correlation is still there then we are heading for one hell of a ride on stocks. Any insights?
said
mulhouse, France
Posts: 2822
14 years ago
Jul 14, 2010 21:29
the pattern we r having at actual 1091 confirms at my opinion the reversal of the trend.

as for freerobot it will depend on ur entries levels so i can"t see the difference
ZEE
Canada
Posts: 20
14 years ago
Jul 14, 2010 20:42
@said
if we go back to 1075 by friday, it will be definately the reversal of trend , which could eventually take down s & p to new low level, tomarrow u.s.a ppi numbers and corparate results are gonna be important, i personally believe next weak euro stress test will be scary and the q2 gdp numbers of u.s.a as well, people are still talking about less then 1000 level
said
mulhouse, France
Posts: 2822
14 years ago
Jul 14, 2010 20:20
my next target for sandp is 1075 by end week or next monday

someone answers!!!