Forum > View Topic (Hot-Chart)
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

 
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 11, 2010 20:52
Con LIbDem... that is a partisan combination out of fashion. We learned that only recently.
Ok I close cable long. You think UK could be asking for a bailout?
Didn't i say UK will join the euro north?
It makes sense... not a cent goes to euro south that all goes down flushed ... an USD 1 trn is for bailout UK ..oops i mssed a trillion.
said
mulhouse, France
Posts: 2822
15 years ago
May 11, 2010 20:51
i tried to play reserved guys on these ones but this forum and ashraf gave so much
if asharaf dotn ahve time here are my take

GOLD
i was waiting for 1187 to break to give a signal for an uptrend . now that 1218 has been reached it clears the way for 1350 1400 level. as long the dynamic in gold commodities currencies is intact and i am talking about USDZAR since1991 the uptrend dynamic for gold is intect.
1100 will stay main support for the coming months years.
actually when the big hand ie pension fund manager will see gold as an alternative for investment in treasury for instance we r gonna a rush in this commodity and its is gonna be the strongest wave.

EURO
as i told several week ago get ready to buy euro. i send a comment to rrose about a dynamic and EW pattern formated since 2004 2005
that was my signal to announce that euro ahs rock bottomed and its support line is around 1.2535-45 first target 1.38 expect a resistance at this level
once broken euro is at 1.50.
A TOTAL PERIOD OF UNCORRELATRED MARKET BETWEEN US30 AND EUROUSD BUT FULL CORRELATION ON EURODOLLAR GOLD RELATION;

DONT GET ON SHORTING GOLD AND EURO CAUSE AND I SAID IT FEW WEEKS AGO THAT EUROPEAN MENBER AND ECB WILL TAKE THE RELAY FROM TE FED IN QE AND IS GONNA IMPLEMENT A MBS BUY BACK PROGRAM/ WITHOUT THIS ,EURO IS IN DOWNSPIRAL AND SOME WILL SAY IN DEFLATION BUT I WILL NOT GO THAT FAR.

I GIVE YOU SOON MY TAKE ON AUDJPY AUDGBP CABLE
WHEN I FINISH MY PIZZA
montmorency
Abingdon, UK
Posts: 610
15 years ago
May 11, 2010 20:43
Not that well [cable], considering the Con-LibDem coalition looks like it's going through.
UK TV commentators are saying though that "the markets" are now looking a bit more closely at the UK's debt, which has of course taken 2nd place to the Eurozone issues recently.

catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 11, 2010 20:35
Could be uncertainty about UK govt adds to gold though cable is doing well.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 11, 2010 20:31
Commodities don't rise . I'll get out sl 1236 but still think its a bull trap.
Ginger
UK
Posted Anonymously
15 years ago
May 11, 2010 20:31
I wouldn't buy gold at this price - my hunch is we'll have a double top and gold will fall to below $1k by the summer which will be in time for liquidation in markets (same as 2008) before a rise to new highs by year end
chloethebull
Canada
Posted Anonymously
15 years ago
May 11, 2010 20:07
any thoughts on gold out there ..lol..deffin not looking good for us shorts..gl guys
Stationdealer
London, UK
Posts: 715
15 years ago
May 11, 2010 17:27
but is there no difference between sovereign nations a private enterprises remand in bailouts
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 11, 2010 17:08
Point it was written pre Bear pre Lehman pre subprime and hence is refuted by actuality.
Stationdealer
London, UK
Posts: 715
15 years ago
May 11, 2010 16:09
Cat then whats the point in deflating the currency