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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
Ashraf can I get your opinion on oil over the next few weeks?
Thanks
Jack
That silly thing - if USD is up, oil & gold are down...and vice versa. 1:2... :)
Asad
Asad
Check out www.zerohedge.com - they've a similar anti-Goldman stance as yourself...so you'll luuuuuurrrrrvvvvv it there (i.e., if you're not Tyler himself *winks*). Hell, even THEY'LL luuuuurrrrrrvvvvv to have a GoldDUG...
Asad
Frankly, WHAT solid information do we have on the Greek bail-out? Heck, we DON'T even have any REAL numbers on the damage! Yesterday they hammered the Euro...then they pulled it back...and again they hammered...and today's a weekend...and they're going to hammer the markets!
Why would anyone think the markets are oversold...and WHAT GOOD NEWS has Obama offered that the markets should be up!
To the common mind, justify a simultaneous peak in USD (80), gold (1090) and oil (75). What about the 2-1 rule...??
Asad
This is the time when GOLDman-backed PPT gooses spoos if market is down triple figures. Will they let market close below up triple digits today? We will find out in about an hour.
http://www.oilngold.com/analysis/commodity-markets-commentaries/bulls-get-bailed-out-2010021111220/
Does everyone work for GOLDman these days?