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by Ashraf Laidi
Posted: Mar 20, 2009 15:05
Comments: 54
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This thread was started in response to the Article:

Gauging the Turn in Dollar, Gold & Oil

The Fed's latest negative-dollar move is likely to last more than in previous occasions.
 
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Christine
Singapore, Singapore
Posted Anonymously
16 years ago
Mar 31, 2009 15:44
I recently attended your enlightening "2009 Outlook Seminar" in Singapore. You mentioned that that gold cannot be controlled by central banks. In today's Singapore Business Times it is reported that IMF may discuss during the G20 meeting a plan on gold sales to aid the lower income countries. This may or may not come true. However, if IMF carries this out, will the gold price gradually fall? Am I correct in this assumption.

Based on your gold chart, gold looks promising and I have accordingly bought some gold shares.
Is your view on the bull run in gold still intact (of course in between there will be fluctuations up and down)?

Hope to hear from you. Thanks

Christine
Singapore
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 30, 2009 17:16
Ced, i think it will pull back below 90s in June-July.

Ashraf
Ced
London, UK
Posts: 12
16 years ago
Mar 30, 2009 15:27
Hi Ashraf,

Are you still long term bearish for USDJPY? If yes, when do you expect it to go back to high 80's and how low you think it can go?

Thanks
Cedomir
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 27, 2009 19:59
Taha, whatever technical indicators work for you. Fibonacis, trend line, 5, 10, 15 moving averages are all helpful. Also use slow and regular stochastics. And keep your eye on the news.

Ashraf
taha
Cairo, Egypt
Posts: 50
16 years ago
Mar 27, 2009 18:44
. .
I am a short term trader . And i would like to know what is the best indicators and time frame for me ? .
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 27, 2009 13:17
Rob, the problem with that hammer which I referred to in EURJPY is that the body was NOT higher than the prior day's body so it did not qualify as a typical bearish hammer. As for AUDJPY, candlestick chartists would tell you the daily chart looks negative (perhaps reflecting the need for JPY to recover than need for Aussie to fall). if stocks today take profit from week's gains, AUDJPY could extend selling to 66.60s.

Ashraf
Rob
New York, United States
Posts: 305
16 years ago
Mar 26, 2009 21:10
Hi Ashraf,

I'm far from being a good technical analyst, however, would you say that AUD/JPY daily chart is showing a bearish hammer, much the same as EUR/JPY, that you pointed out to me several days ago? I read the IMT regarding AUD/JPY testing 70 resistance. Do you think that will hold strongly? Also, if the bearish hammer is actually there, would you say that the fundamentals should override the technicals on this pair. Again, I may just be imagining that hammer - though it looks quite similar to EUR/JPY daily chart to my eyes. Thanks for your help.
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 26, 2009 19:50
Ok Taha. go ahead.

Ashraf
taha
Cairo, Egypt
Posts: 50
16 years ago
Mar 26, 2009 12:22
Hi Ashraf ,
can i write my commnent in arabic because my english is not good ? .
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 25, 2009 21:11
Rob, no worries nothing got me boiled.. You are absolutely correct to "wonder" about my comment, but here's what i told Frank: "gold remains bullish AT LEAST INTO April" and NOT "gold remains bullish until April".. there are TWO IMPORTANT PARTS OF THAT SENTENCE i) INTO i.e. during april and ii) at LEAST i.e. until April and BEYOND...

So by saying what i said (AT LEAST) and (INTO and not UNTIL) means i expect prolonged gold rallies. Your comments/questions are always appreciated.

NOKKIE fell as it was predicted right after the decision but careful on getting carried away in shorting.

Ashraf
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