Forum Posts by : qiman (Forum Member)

Qiman

United States

Posts: 237

14 years ago

Mar 15, 2010 15:13

In Thread: USD

A must watch video indeed. Not surprisingly, Rick Santelli leads the poll with 91% judging him more trustworthy!

Qiman

United States

Posts: 237

14 years ago

Mar 15, 2010 14:41

In Thread: EUR

Goldman's predictions are often important for traders to be aware of at the very least. They have enough cachet and power that their predictions alone sometimes move the market, as traders hop on the bandwagon. And at other times you can make money doing the exact opposite of what they recommend. Of course, there are already those speaking of how this is a set up by Goldman, right before their traders do a massive short of the Euro.

Qiman

United States

Posts: 237

14 years ago

Mar 15, 2010 13:44

In Thread: EUR

Here is that Goldman prediction in writing:

"We realise that this will be a controversial view given the real and ongoing issues around sovereign risk and the European outlook. While we do see sustainable Dollar strength in the more distant future, we think the short-term pressures are likely to reverse."

http://www.zerohedge.com/article/goldman-tells-clients-go-long-euro-145-three-month-forecast-135-stop

Qiman

United States

Posts: 237

14 years ago

Mar 1, 2010 0:33

In Thread: GBP

"The broadest measure of sterling's strength the trade-weighted index produced by the Bank of England dropped to a four-month low, down from 78.6 points to 77.9, while the euro climbed to just beneath the 90 pence mark, as economists mulled the fact that the ONS's second revision of GDP was far less promising than it at first seemed."

http://www.telegraph.co.uk/finance/economics/7327017/Pound-slides-as-figures-underline-scale-of-UK-recession.html

Qiman

United States

Posts: 237

14 years ago

Feb 27, 2010 1:35

In Thread: Gold Catching Down with Euro

Thats odd, I just copied and pasted the link into my address bar and it worked perfectly, maybe the site was temporarily having problems?

Yes, in his book Ashraf mentions this phenomenon, now the question is how long does it last this time and how effectively can we use this pattern to make more money!

Qiman

United States

Posts: 237

14 years ago

Feb 26, 2010 23:41

In Thread: Gold Catching Down with Euro

"We are so used to looking at gold rising when the dollar falls that the concept of gold rising when the dollar rises seems to break the rules," Julian Phillips and Peter Spina, editors at GoldForecaster.com, said in a weekly newsletter sent Tuesday.

This is from a good article on Marketwatch: Gold breaks the rules
http://www.marketwatch.com/story/gold-breaks-the-rules-2010-02-26?dist=beforebell

Qiman

United States

Posts: 237

14 years ago

Feb 26, 2010 23:35

In Thread: GBP

Jim Rogers has some very strong comments on the Pound:

"Other currencies aren't strong and the Euro has real problems, with cracks much wider than Greece beginning to show," Rogers continues, "but it's the Pound that's most vulnerable. In real terms, it's already devalued against virtually every currency barring the Zimbabwean dollar and it's especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown."
http://media.einnews.com/article.php?pid=73800

Qiman

New Mexico , United States

Posted Anonymously

14 years ago

Feb 23, 2010 22:10

In Thread: Gold Catching Down with Euro

Thank you for this insightful analysis! I noticed the CAD weakness as well today. What is also interesting to me is that fundamentally the Australian economy is growing well and more rate hikes are expected. But looking at technicals, today's AUD/US sell-off below the 100-day average makes me wonder about a brief shorting opportunity versus the US. I will be watching this closely; what do you think Ashraf, might this also be just a pre-Bernanke speech blip?

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