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by Ashraf Laidi
Posted: Sep 3, 2010 19:00
Comments: 56
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This thread was started in response to the Article:

The QE Case for Gold & Silver

The inevitability of further asset purchases from the Fed, BoE, ECB and BoJ enhance the case for gold and silver.
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 5, 2010 8:57
ok what I learned ( actaully what I knew all the time but didn't follow thru)
one has to have trading plans in forefront of rate decision that amount to stop orders in case
hike and hawkish
hike and dovish
not hike and hawkish
not hike and dovish

according to fx overall situation under consideration of the particular economical situation of the respective country

just to bet on one is coin flipping
Qingyu
manchester, UK
Posts: 1763
14 years ago
Oct 5, 2010 8:48
i got a little bit on audusd, then back to sleep...zzz...zzz...
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 5, 2010 7:37
not ok. Ashraf was right while I trusted the hawkish tones of RBA CEO... damn' it.
On the other hand Ashraf trusts the dovish tones of the FED while I don't.
Qingyu
manchester, UK
Posts: 1763
14 years ago
Oct 5, 2010 4:19
ok
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 4, 2010 20:24
too high i set 1369 now limit sell
Qingyu
UK
Posted Anonymously
14 years ago
Oct 4, 2010 20:06
1371.5? i see...
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Oct 4, 2010 19:33
see my IMT on RBA.

For those who want to short before decision, careful w/ your stops & make sure they hit. Argument in favour of bearish side is selloff in Asia after US weighing on sentiment, thus, accelerating Aussie losses in event of no rate hike or dovish rate hike.

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 4, 2010 19:28
sorry 1371,5
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 4, 2010 19:27
There are plenty of facts that are in favor of RBA hiking again . I see two: falling unemployment
and rising commodities. It is not ruled out RBA doesn't hike but it is ruled out RBA comments are dovish imo. I place a limit sell on XAUUSD 1361.5.
said
mulhouse, France
Posts: 2822
14 years ago
Oct 3, 2010 21:21
looks like aussie aimed at 98/99 so be careful , tight stop loss
on my graph looks liek it is going to clear the way
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