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by Ashraf Laidi
Posted: May 7, 2009 23:41
Comments: 50
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This thread was started in response to the Article:

Golden Chance from FX-Equity Play

When FX lead equities
 
Rob
New York, United States
Posts: 305
11 years ago
May 11, 2009 21:17
Thought I found it on your site but I was wrong (it was a different one from Jan. '09 I think) and didn't want to inundate you with comments about how i made a mistake- sorry about that.
Hey, great tweet/twit whatever it is about the last hour of trading! Glad I kept my NZD short in play.
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 11, 2009 20:42
Rob, where did you find it the Arabic interview? it's not available on the net?

Ashraf
Rob
New York, United States
Posts: 305
11 years ago
May 11, 2009 19:07
woops, just found it, thanks
Rob
New York, United States
Posts: 305
11 years ago
May 11, 2009 19:05
Hey Ashraf,

Do you have a link to your CNBC Arabia interview today? Went to the site and... Thanks
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 11, 2009 12:43
SPECULATOR, fair enough

MIKESTILLER, will do.. the fact that gold remained frozen at $915 on friday was quite strange but i dont want to get into conspiracies etcc.

JJstone, and the FInancials/technology are also just at their 200-day MA

Serg, even if today's risk aversion is temporayr, good oppportunity to buy JPY and USD. the signal was obtained earlier when Nikkei rose marginally higher despite big Friday gains in US. the ensuing retreat in Europe was a great greenlight for buying JPY and USD against EUR, CAD, GBP.

Ashraf
Serg
London, UK
Posts: 2
11 years ago
May 11, 2009 10:07
Hi Ashraf,
do you think there is a possibility of DOW going down a bit on profit taking and that may lead to further downside onse fear takes over recent bullishness (mostly driven by irrational feeling of being left out of action)
Regards Serg
jjstone
Toronto, Canada
Posts: 45
11 years ago
May 11, 2009 6:51
KBW bank index is just under th 200ema.
mikestiller
New York, United States
Posts: 9
11 years ago
May 9, 2009 23:26
Per your twitter gold post. I tend to believe gold has been manipulated for years and continues to be manipulated (more so the last week or so). I think there is a large overseas buyer (could be foreign like China, Russia, etc). The fact that the seller cannot force it lower is a testament to how bid the product is. You mentioned GS and JPM last week as large call buyers, I'm guessing they have over lent gold and need to cover themselves via calls. Take a read of my gold post on my blog when you have a chance. Thanks for the great work.http://sensicalgibberish.blogspot.com/2009/05/worth-its-weight-in-gold.html

Mike
SPECULATOR
LONDON, UK
Posts: 17
11 years ago
May 9, 2009 19:18
guys i am a financial advisor but a realstic one with solid economics/finance background and yes most financial advisors have little clue about financial markets. Financial advisors tend to ignore market timing as we only look at 5 years plus and just match the clients risk to a suitable solution.

im currently long usd at 1.46 and decided not to sell at 1.42 back in april as i thought things could only get worse in equities. fortunately i dont use derivatives or trading platforms.

i guess its a matter of patience and this pathetic confused equity market is bound to sober up soon.

even if equities go sideways for a while cable should fall marginally.
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 9, 2009 18:47
PK, Those financial advisors you mention are the same ones who said this was just a short term correction in summer 07, fall 07, summer 08 and most famously, that the bottom had been reached in Nov 08. Please go to my twitter site and read some of the articles I link. Bear market rallies have gone as far as 40% back in the Depression.

Taha, will test $1.5350 before retreating towards $1.45

Ashraf