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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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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.
 
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SEM
Lebanon
Posted Anonymously
15 years ago
Sep 4, 2009 8:45
Dear Ashraf,

What's your outlook for silver?

Thanks
anauel63
london, UK
Posts: 34
15 years ago
Sep 4, 2009 8:13
Ashraf, what is an exit strategy (G20)?
cougr
Australia
Posts: 101
15 years ago
Sep 4, 2009 1:17
Interesting to contemplate what effect Koreas upgrading in the FTSE index will have on currencies.Any thoughts anyone?
speculator
Posted Anonymously
15 years ago
Sep 3, 2009 23:59
ashraf is the new sorros in the making!
asad
London, UK
Posted Anonymously
15 years ago
Sep 3, 2009 23:46
Ashraf,

WAIT A SECOND!! What are you?? You have DUG, you have a portfolio of currencies, you have gold...and you have silver TOO??!!

If it's a rumor, then it's as golden a short opportunity as gold! In ANY case...do you see gold at 993 one week from now? No. What fundamental event has happened? Nothing. It is a good short...I believe, up to 970ish at least.

MOST importantly, Ashraf, N. Gas is 2.5. Golden to buy? Please give me an opinion. I'm DYING to get into N. Gas!

Azza, short on oil...and STAY short! Now you have Ashraf aaaaaaaand his sidekick advising you. Safe hands... ;)
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 3, 2009 15:29
Azza, welcome to the site. I am bearish oil and so is almost everyone else on this forum. Oil just broke below 68 and my next target is 66. it's also breaking below the 50-day mov avg. But be careful with your stop placement.

Asad, yes, indeed. rumours that CHina's decision to buy $20 bln in SDRs may have also been accompanied by purchases of gold. I might take some money off the table from my gold holdings but will not touch silver.

Ashraf
Azza
London, UK
Posts: 6
15 years ago
Sep 3, 2009 14:23
Hi there......I'm new to this blog...just wondering if I should go long or short on oil...~!

Cheers ~
asad
London, UK
Posted Anonymously
15 years ago
Sep 2, 2009 23:59
Ashraf,

Sorry mate...we're seeing 980 on gold before the 900! But holding gold ETFs, I'm sure, you'd LOVE to be proven wrong this way... :)
asad
London, UK
Posted Anonymously
15 years ago
Sep 2, 2009 23:39
Ashraf,

Not that I'm saying s/thing that hasn't been said already, but let me tell you: You are smart & you KNOW that you are! The flip side of QE is h-inflation...which is expected to set in s/time within next year. Yes, gold WILL touch $1100 next year...but in terms of alternate investment, why not oil? Or both? QE -> inflation...high oil prices -> h-inflation...h-inflation -> high gold prices!

Smiler, oil is flirting with my 66.80 short - it went as low as 67.05. I was 'live' when it touched...but didn't want to be this audicious to buy & go long (hey, I may be coming across as a kamikaze...but am PRETTY tight w/ discipline). 69 looks pretty sexy @ the moment. What do you say Ashraf?

Btw, keep your eye on coffee - the market is showing us the right...but could give us a left w/ coffee, sugar & wheat! Verily, money should swing markets like a drunken monkey (like I played a quivkie w/ the Footsie yes'day - in & out). If oil reaches near 60...I'm very VERY tempted to go into human necessities. Any common thinkers...
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 2, 2009 22:00
Lion, i havent sold any of my gold ETFs because I expect 1,100 as my next high target sometime next year. Having said that, I still think we could reach 900 before we reach 980-90.

Ashraf
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