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by Ashraf Laidi
Posted: Mar 23, 2010 16:38
Comments: 207
View Hot-Chart
This thread was started in response to the Hot-Chart:

Gold & Silver's Dead Cat Bounce

 
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said
mulhouse, France
Posts: 2822
15 years ago
Apr 4, 2010 16:07
ashraf

gold in aussie term is gonna be badly hit
except the down move over the next week or two i still want to maintain my obkective of 1187.

what do think and why
i aske u if the cross over of EMA cant be a false signal or can it be a hook on macd on the 30 of march. macd actual 2.5001 on the year cmc chart and on the rise.

whats your thoughs
thanks ashaf
sorry
much appreciated
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 4, 2010 9:55
Ashraf
to compare currencies vs not currency asset imo leads to nowhere. One has to compare to a cash asset. Gold is cash exactly then when fiat money is not accepted as payment of debt.
This can happen both in deflation and inflation.
bojan
Arizona, United States
Posts: 111
15 years ago
Apr 4, 2010 5:15
this is the website where you can compare different currencies against gold, oil, USD index...... I find it very, very useful, and if you read Ashrafs book, you will get full benefit out of this.

http://www.goldprice.org/live-gold-price.html
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 4, 2010 0:38
forextaylor, short version to that answer is that best way to compare currencies performance and get their true strength and weakness is to do it vs a non-currency asset (such as gold). When you compare all items under a common denominator you get the better measure.

Ashraf
forextaylor
California, United States
Posts: 3
15 years ago
Apr 3, 2010 19:01
Ashraf, in your book, CTIA, you mentioned measuring golds performance against a currency being a true way to identify the currencies strength which can later be used to pair the strongest vs the weakest. Can you explain how that is done?

Thanks in advance.
Ginger
UK
Posted Anonymously
15 years ago
Apr 3, 2010 12:41
out of 162 jobs created only 74k are full time positions
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 3, 2010 11:28
@Lucky
Don't think nfp is too much manipulated....BUT is the NFP really good? I don't believe it's anywhere
close to good. It's a very dim light at the end of the tunnel, at most. To get back to pre crisis 8 million jobs which were axed since then have to be created. And how many of these jobs are temporary?
How are the new jobs being paid? Here in Europe the only well paid, not temporary new jobs are
governmental and govt hires as if there is no tomorrow. If industry hires, it is temporary and payment is lousy. I do not believe the worst is over and consequently cash ( in USD ) will be king.
l
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 2, 2010 18:08
Us markets will be open Monday but not europe. US markets ONLY closed on Friday.

Ashraf
lucky
ibadan, Nigeria
Posts: 377
15 years ago
Apr 1, 2010 21:15
with my full respect to every body those people are going to direct nfp outcome as they wish since markets are closed on monday if it is positive they can say it is possible to raise interest rate which is good for dollar and if it is negative they say recovery is not sustained which is also good for dollar and way they can play against dollar if it is positive or negative all of us are not as wise as them be careful wishing best of luck thanks happy easter in advance
dinna09
Colombo, Sri Lanka
Posts: 7
15 years ago
Apr 1, 2010 20:27

I will agree with letisha on gold move up since tommorrowes NFP should be below consensus which is bearish for the dollar no matter what US is in recession even though certain monthly data may indicate growth.

Also unemploument benifits is one reason that keeps the consumption going in US and if its stopped due to republican preasure it will have a cascading effect to the US economy.

Hard to c FED increasing their disocunted window RATE and drain liquidty .Increase in oil prices too will have a negative impact to global economy .

Gold should be supported with demand due to wedding seasons and oversold enviroment on daily and weekly charts.
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