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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.
 
123456
said
mulhouse, France
Posts: 2822
14 years ago
Oct 3, 2010 21:18
what time is rba decision
thanks
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 3, 2010 21:16
well I'll place a stop sell in XAUAUD before RBA decision . If the stop is not hit, ok.
said
France
Posted Anonymously
14 years ago
Oct 3, 2010 21:00
price in dollar at targeted level of 1.43 it could be possible that it go even higher. but i wont bet on shorting gold in aussie term
when this level reached then a corrective wave will occur bringing it back to 1200 1170 probable. it will depend how the elliot counting behave.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 3, 2010 20:29
Yes that has little value in EUR if USD falls vs EUR. Price of gold in eur drops. If RBA should hike
I think XAUAUD short should do well.
said
mulhouse, France
Posts: 2822
14 years ago
Oct 3, 2010 20:23
gold could go to 1350 level.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 3, 2010 20:05
My however incomplete money flow analysis showed that inflow in gold begun to stutter on friday spot market but was rekindled an hour before market close. Could be gold and slv have some upside to go but as i see it it's going to be essentially flat. If RBA hikes on Oct 5 XAUAUD short could be profitable.
whiskeybravo
United States
Posts: 18
14 years ago
Oct 3, 2010 18:35
The best investor I know (NOT a day trader) doubled his money in 2008 on the short side (of stocks), and doubled it again in 2009 on the long side. He is already shorting SLV and will add to his short position on any further rise in the silver price.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Oct 2, 2010 12:05
Gold is bought if and only if the alternatives bonds, cash, stocks have a high value at risk.
For bonds and cash the interest is negative. Investors in stocks fear dwindling earnings.
So gold is an alternative. It has more to do with deflation fears than with inflation fears.
But take care. Gold in EUR is falling rapidly, from 1.046,05 EUR to 948,63 EUR per ounce yesterday. This is so because gold is only traded in USD. Another interesting is price of stock index in gold. It is more interesting than Gold silver ratio for Euro. Holders of european Eur priced stocks see that stocks get more expensive relative to gold.
For US and Chinese stock holders the value of stocks drop relative to gold.
However should a stock rally start gold will drop significantly.

rim
Turkey
Posts: 121
14 years ago
Oct 2, 2010 11:48
Dear Ashraf,

After the good data of employment in US , do you think QE 2 delayed , postponed?

Thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 29, 2010 16:22
TBP, there are still fairly robust negative correlations between equities and yen.

Ida, Gold/ Silver ratio now belwo 60, well under 200-week MA. 25 is highly realistic target for silver before end of year & 1350 gold iis also within reach.

Ashraf
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