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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935

Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)

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catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Sep 16, 2010 16:01

I guess qe is off the table for now Philly index is on the way to recovery ...yet many job axes are to come . On sept 21st , assuming even slightly hawkish tones, I expect gold bubble to burst and USD to rise

catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Sep 16, 2010 15:19

Philly index -.7 rose 7 but still negative... no market reaction

salehi

bandar lengeh, Iran

Posted Anonymously

14 years ago

Sep 16, 2010 13:05

gold %Resistance: - 1276.87 and 1285.31(main), where a correction may happen. Break would bring 1291.94, where a correction may also happen. Then follows 12302.18. Be there a strong impulse, wed see 1315.22. Continuation would bring 1326.74.

FrankBrit

Frankfurt am Main, Germany

Posts: 73

14 years ago

Sep 16, 2010 12:38

Ashraf, I don't know about you but there seems to be a tension building in the market. Appreciate your take on the VIX. What are the chances it breaks the descending trendline at about 25 and heads north?

FrankBrit

Frankfurt am Main, Germany

Posts: 73

14 years ago

Sep 16, 2010 10:02

@ chloethebull tanker rates are very low now and this encourages stockpiling as cheap mobile storage by oil traders. Gazillions of tonnes of oil looking for a home and hoping the price doesn't bomb and they have to take it into port. All that supply stuck out at sea and not even in the stockpile statistics ... sound familiar? And what happens to tanker rates when they eventually dump their cargo and are tramping for more biz? I read some months back that distillates are at 30 year record levels in the US also. What this supply/demand story does not factor in is the investment/inflation hedge aspect of the price.

FrankBrit

Frankfurt am Main, Germany

Posts: 73

14 years ago

Sep 16, 2010 7:57

You saw it on "Whatever Happened to Baby Jane". The big boys (played by Bette Davis) have been spoiled for so long by Daddy (the FED and central banks) that they no longer live in the real world. Eisenhower's military-industrial complex has been replaced by a political-financial complex these last three decades.

FrankBrit

Frankfurt am Main, Germany

Posts: 73

14 years ago

Sep 16, 2010 7:46

Gold looking quite extended on the dailies with a doji last night and down this morning. Does this hint of a sell off to come? Maybe the big boys are going to sell off (throw their rattles out of the pram) to try to force the hand of the FED to come up with some more sweeties (QE) next week. If so, this whole love me/leave me dynamic between the big boys and the FED is starting to wear a little thin.

Gunjack

London, UK

Posts: 1184

14 years ago

Sep 15, 2010 20:35

Where have Asad and Lucky gone....Lucky has been missing ever since his calls on short CHFUSD and short silver...

Gunjack

London, UK

Posts: 1184

14 years ago

Sep 15, 2010 20:28

Lots of manipulation going on in the oil pits by some of the big players...we all know their names well...