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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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rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 21:44
catnip I am shorting gold could go down to 1110
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 19, 2010 21:39
So what long Gold? I have sold off copper short this morning with a nice profit and took profit in USD/CAD long and AUD/USD short and GBP/USD short. Since I don't give much on chart analysis of whatever kind the steep rise of industry metals after the plunge Friday seems to indicate gold could rise, too. I put a stop buy on gold long at 1145 I am still holding long bought at 1135 the position didn't
reach sl at 1120.
said
mulhouse, France
Posts: 2822
14 years ago
Apr 19, 2010 21:08
rose

we have the possibility of flat three wave in gold and that tells me 1087 is support.
eurusd correlation is still valid with pair down back to 1.3287
said
mulhouse, France
Posts: 2822
14 years ago
Apr 19, 2010 21:04
a 70% retracement is signaling me an other downturn in dow but if futures and open above 11100 then the uptrend resume.
rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 20:58
if risk is on why is there no move in gold today
chloethebull
Canada
Posted Anonymously
14 years ago
Apr 19, 2010 20:44
ohh yaa while away i talked with some us citizen who said they don;t see any recovery at all..one guy an his wife were from chicago(about 70yrs old) an he said his unemployment rate was somewere between 10-17percent in his state which he concidered to be 1 of the better states...an the overall outlook on politician was getting much worst an one cannot trust any of the data being released an ofter laughs when its released..now keeping that in mind he said he did not vote for obama..ok gl guyys
asad
London, UK
Posted Anonymously
14 years ago
Apr 19, 2010 20:35
Chloe,

The news hat the SEC committee had a divided 3-2 vote in suing Goldman is the recent for the late surge in the market (as this revelation strengthens Goldman's case). Interestingly, it were the two Republicans who voted against (but didn't Goldman major funding go to the Dems this time?).

Besides, Daimler produced some good results, meaning people are buying cars (& oil)...


Asad
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 19, 2010 20:31
I just posted VIX backwardation VX VIX future lower than VIX.
chloethebull
Posted Anonymously
14 years ago
Apr 19, 2010 20:13
what caused the sell off to stop today..citi post a profit lol..i would have thought oil trading much lower as with s&p but no both seam to be catchn a bid..even the tsx was down 100+ points now trading up5pts..plus with the planes all being grounded theres gonna be a build there in jet fuel but im sure there will be a draw down in inventorys pushing oil higher..lol..such a joke..gl
asad
London, UK
Posted Anonymously
14 years ago
Apr 19, 2010 19:33
Lucky,

Thanks v/ much...we know this already. But where you COULD enlighten us is exactly w/in what timeframe it'll tank to 78...so all us brothers (incl/ Brother Ashraf) can benefit & pay off our mortgages. Thanks!


Asad
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