Gold's Net Longs & the Gold/Oil Ratio

Gold's latest rally rests on a powerful set-up of inter-market dynamics.

Ashraf Laidi

London, UK

Posts: 0

16 years ago

Mar 19, 2009 16:58

Hi Goldbug, welcome to the site. if u bought gold that low, its ncie to take some off the table. Get a password/email and go to the HotChart section where I had an analysis on Gold. I told people 885 will hold for target at 1050. once global economy shows signs of recovery, we'd 1100 and 1350.

Ashraf

goldbug

Ottawa,

Posted Anonymously

16 years ago

Mar 19, 2009 15:20

Ahraf, my wife and I viewed your visit to CNN today, and were impressed with your knowledge to say the least.

My question is, when to sell our gold bullion holdings. We have found out that since buying in the mid 80s at around 656 USD, we are happy to have this asset in today's markets, when our paper assets have let us down.

We are over 65, and must use our bullion now to live on for the next two decades or so until we are in the box.

You mentioned something about a two month timeframe will lead to the increase of the Au commodity, which will likely only be enhanced with time as inflation sets in.

What value will likely be attained a) in 2 to 3 months and b) in 2 to 3 years?

The big jump of todays US valuation of 956.90 USD was almost entirely offset by the increase in the Canadian dollar, marginally up, so this is another factor in the equation.

Thanks so much

Ashraf Laidi

London, UK

Posts: 0

16 years ago

Feb 17, 2009 17:22

Hi Ced, as I indicated in an ealrier Intraday Market Thought, fears that downgraded Eastern European banks will hurt Eurozone banks are knocking down EUR. Overall risk aversion is helping USD (despite rallying gold). Looks like Asia will test $1.2470. I dont see $1.22 until later in the quarter. I still favoir NOK vs USd in long term, while USDCAD may continue to have legs into $1.28

Ashraf

Ced

London, UK

Posts: 12

16 years ago

Feb 17, 2009 16:12

Hi Ashraf,

How do you explain (un)expected US$ strength and how far it can go (e.g. in EURUSD)?

Thanks
Ced

Ashraf Laidi

London, UK

Posts: 0

16 years ago

Feb 13, 2009 14:44

Hooshang, As I said in my article, the rally is gold is not a result of inflationary fears but due to plumetting yields in monetary assets. The inflation that you may be talking about is that of liquidity injections.But commodity price inflation is muted. As for oil, Id say 45-50 target by end of year but Im no expert in forecasting oil.

Ashraf

Hooshang

toronto, Canada

Posted Anonymously

16 years ago

Feb 12, 2009 14:30

Ashraf, where do you see oil, in 6-12 months, keeping in mind a possible truce between Iran and U.S. could take out the political factor from price of oil? Gold is going up out of fear of inflation in the future, how does inflation affect the price of oil in future dollars? Thanks.

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