Ashraf Laidi on AlArabiya Talking Euro & Gold - Dec 12, 2011
Dec 12, 2011 20:38
Ashraf Laidi telling AlArabiya of that week's warning about a break in the EURUSD's consolidation has yet to unfold and that gold is due for further losses towards $1600s. Also, on how the sell-off in the once safe-haven metal has been triggered by the activation of safety & raising of cash during the uncertainty, such as today's negative guidance by Intel and the growth/credit rating warning from Fitch at a time when S&P was anticipated to unfold to follow-up on last week's "group" warning.
When asked about the SOLUTION to the Eurozone debt problem, the answer given is aggressive participation by China & Brazil into the latest bilateral contributions to the IMF, currently totaling € 200 bln, and raise the amount by at least € 150 bln.
Here is a DM sent via Twittter to select clients on Monday, alerting them of the upcoming DOW30 trade. The trade was issued to all Premium subscribers later that afternoon via email, Twitter, SMS and Telegram to (Arabic clients). Have a nice weekend.
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