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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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asad
London, UK
Posted Anonymously
14 years ago
Mar 24, 2010 22:54
Chloe,

I just luuuuuuurrrrrrrvvvv it when people people ask questions retrospectively (after having done s/thing they later think they shouldn't have)! What's he point? You posed a question as if you were THINKING of buying Suncor - didn't know you were ALREADY under water (read oil). Well, you crude shorts are hedging you WELL against that loss.

No, I'm not short Gold. If I was, I would've posted here. Oil should make a final stretch a shade above 80.50, after which it should be adios 80s for a while. And once it comfortably breaks 80, then you can throw the kitchen sink at the short...


Asad
chloethebull
halifax, Canada
Posted Anonymously
14 years ago
Mar 24, 2010 22:19
@asad, im still holding a nice position of crude shorts..i want to add more but only if we get over 81..but i doubt we wiill..ya i kinda wish i never played suncor..are u holding any shorts on gold ?ok gl
asad
London, UK
Posted Anonymously
14 years ago
Mar 24, 2010 21:34
Chloe,

* oil sands only economical if crude oil is ABOVE 75 (and we keep flirting w/ this average).


Asad
asad
London, UK
Posted Anonymously
14 years ago
Mar 24, 2010 21:32
Chloe,

Suncor has made its empire over the last three years...and been back since then. Don't know why you'd want to hold it. It derives it's oil from oil sands - a EXTREMELY environmentally hazardous process (not to mention extremely expensive process...only economical if crude oil is below 75) - & was one of the losers (and will continue to be) of the recent 'climate' drama!

I replied to your yesterday that oil would go sub-80 TODAY. Well, it went...& we still have 2.5 hrs to go (GMT). I also said that you need to be a bit patient...or else you'll play STRAUGHT into 'their' hands...


Asad
radu
bucharest, Romania
Posts: 203
14 years ago
Mar 24, 2010 20:23


Hi Nathan ,

You said you bought in 19.01-gold was around 1110 i thinck-with strike in 1085 abd exercitation in 1055 ? or i miss something ? and how was the prime ? can you detaliate a litlle ?
Nathan Hole
New York, United States
Posts: 16
14 years ago
Mar 24, 2010 19:24
i bought a 1085-1055 put spread on gold back when there was the article about the gold dead cross , been holding it ( obviously not as risky as futures) however they expire tomorrow although loss is limited im hoping for a small gain, not getting my hopes too high though
Gunjack
London, UK
Posts: 1184
14 years ago
Mar 24, 2010 18:26
@Ashraf could we get your opinion on CL pls??
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 24, 2010 17:19
pipster, still bearish on gold towards 1060 and 1040

Ashraf
chloethebull
halifax, Canada
Posted Anonymously
14 years ago
Mar 24, 2010 17:13
@ashraf or forum....does any1 hold or looking to hold suncor(su)...can i get your thoughts on suncor..thanks gl
chloethebull
halifax, Canada
Posted Anonymously
14 years ago
Mar 24, 2010 17:01
@pipster..im holdin a small position incase we drop below 1080..not sure how oil catches a bid up ..i thought we be sub 80 by now ..gl pl
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