Enough of this paper gold nonsense! Seriously, if gold falls below 1100 this time, I'm buying Krugerrands...& will subsequently be buying at lower level. I doubt, though, that 1100 will be breached. In any case, this seems like a buying opportunity should gold go lower...
The Icelandic eruptions are not a Black Swan event (which has to be prospectively unpredictable & retrospectively predictable) because none saw it coming. Besides, if we discount potential air travel losses x number of countries, then (in all fairness), we also have to count the offsetting windfall revenues to the countries' coach/rail/ferry & hotel industries! Isn't it?
Eurorail announced that they had NEVER seen so many passengers go on their trains (& they're fully booked until Monday! A friend in Moscow told me this morning that a European delegation to Moscow had to extend their stay (in a hotel) by three days because they can't fly back to Europe. & hey, some tourism will follow as well...so another industry is a beneficiary.
I'd love to hear if the economy was a net winner or a net loser - it would be a close call. Remember...your loss is my win, & vice versa... ;)
I raised this issue earlier last week as well...and now it's 'swelled' enough for me to ignore.
The price differential b/w crude's May, June & July contracts...
May: 83.24 June: 84.67 July: 86.22
...is unusually wider, don't you think so. A classico contango! Say that we approach the month end ~ the same situation...umm, this points to higher oil prices doesn't it?
Asked why the SEC did not also pursue a case against Paulson, Enforcement Director Robert Khuzami told reporters: "It was Goldman that made the representations to investors. Paulson did not."
Okay now. You on this Forum say we'll see 1050 this year. Another contributor to this Forum, Mr. Vermeulen reckons that gold will reach 1500 in the coming months!
I mean, will gold fall to 1050...rise to 1500...or rise to 1500 and then fall to 1050. I mean, what? We're building portfolios here...and we need to have serious forecasts.
The point here is that I've tried you, tested you & bought you...but Chris, well...the more we hear from him...the more we know about him. he seems to give two-directional forecasts.
Well, he didn't REALLY predict 1140 you know. He saw some logical downside in the morning video. And I didn't like the fact (in fact, haaaaaaaated it!) that he COMPLETELY ignored the Goldman news as being the reason for the sell-off! He kept saying, 'as we said...as we said...as we said' (sic) as if he KNEW it was going to happen. Well yeah, he saw a bit of correction...but certainly NOT 1130.
Good that you endorsing this because even a deaf one could see that today's sell-off was caused by Goldman, of which Mr. Vermeulen made NO mention of.
Like the way he discreetly says,'I'm not sure'. Not being cocky, but his prediction of gold falling today was as good or bad as me reassuring Haitham that oil will be trading lower by Friday (& I actually wrote it 3x. But can I take credit? Certainly not (even if it were supposed to trade lower), because it was Goldman that caused it.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
WHAT a time for you to return! Take this as a vacation after the vacation (anyway, you expenses for the trip have MORE than just being covered. :p
Oil IS firmly on its way down (look up)... ;)
Asad
There you go. Thanks! You said it for me...
Asad
Enough of this paper gold nonsense! Seriously, if gold falls below 1100 this time, I'm buying Krugerrands...& will subsequently be buying at lower level. I doubt, though, that 1100 will be breached. In any case, this seems like a buying opportunity should gold go lower...
Asad
The May contract is rolling over to June & the current difference b/w the two is 1.5. Do you know what this means when we wake up in the morning? :p
Asad
It'd be SO cool if another lawsuit followed, charging Goldman for its role in the Greek crisis! Now that'll be a double (dip) whammy...
Asad
The Icelandic eruptions are not a Black Swan event (which has to be prospectively unpredictable & retrospectively predictable) because none saw it coming. Besides, if we discount potential air travel losses x number of countries, then (in all fairness), we also have to count the offsetting windfall revenues to the countries' coach/rail/ferry & hotel industries! Isn't it?
Eurorail announced that they had NEVER seen so many passengers go on their trains (& they're fully booked until Monday! A friend in Moscow told me this morning that a European delegation to Moscow had to extend their stay (in a hotel) by three days because they can't fly back to Europe. & hey, some tourism will follow as well...so another industry is a beneficiary.
I'd love to hear if the economy was a net winner or a net loser - it would be a close call. Remember...your loss is my win, & vice versa... ;)
Asad
I raised this issue earlier last week as well...and now it's 'swelled' enough for me to ignore.
The price differential b/w crude's May, June & July contracts...
May: 83.24
June: 84.67
July: 86.22
...is unusually wider, don't you think so. A classico contango! Say that we approach the month end ~ the same situation...umm, this points to higher oil prices doesn't it?
What's your take on this? Thanks...
Asad
Asked why the SEC did not also pursue a case against Paulson, Enforcement Director Robert Khuzami told reporters: "It was Goldman that made the representations to investors. Paulson did not."
Asad
Okay now. You on this Forum say we'll see 1050 this year. Another contributor to this Forum, Mr. Vermeulen reckons that gold will reach 1500 in the coming months!
I mean, will gold fall to 1050...rise to 1500...or rise to 1500 and then fall to 1050. I mean, what? We're building portfolios here...and we need to have serious forecasts.
The point here is that I've tried you, tested you & bought you...but Chris, well...the more we hear from him...the more we know about him. he seems to give two-directional forecasts.
Asad
Well, he didn't REALLY predict 1140 you know. He saw some logical downside in the morning video. And I didn't like the fact (in fact, haaaaaaaated it!) that he COMPLETELY ignored the Goldman news as being the reason for the sell-off! He kept saying, 'as we said...as we said...as we said' (sic) as if he KNEW it was going to happen. Well yeah, he saw a bit of correction...but certainly NOT 1130.
Good that you endorsing this because even a deaf one could see that today's sell-off was caused by Goldman, of which Mr. Vermeulen made NO mention of.
Like the way he discreetly says,'I'm not sure'. Not being cocky, but his prediction of gold falling today was as good or bad as me reassuring Haitham that oil will be trading lower by Friday (& I actually wrote it 3x. But can I take credit? Certainly not (even if it were supposed to trade lower), because it was Goldman that caused it.
Credit where it's due - here it's not. Sorry...
Asad