Ashraf Laidi on CNBC Squaw Box - Asia September 17, 2012
Oct 11, 2012 16:22
Ashraf hosts CNBC Squawk Box in Singapore, predicts more strengthening in EURUSD towards $1.35 by US elections, makes the case why the ECB's OMT and Fed's employment-focus is a game changer. He also talks aout EURJPY, silver, gold and Asian FX
It's time to revisit the weekly gold chart and its similarity with the horror year of 2013, which included a 25% collapse in the Apr-Jun period. This time last year, I published several videos on why gold's decline to 1690s (in summer 2021) would be reversed, rather than repeat the collapse of summer 2012. The arguments were made here and here . But now that we've held the lows of March and Aug 2021, is the signal flashing an unequivocal green light for the rest of the year? Or, will gold bulls sustain fresh blows as inflation comes back to bite in autumn?