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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
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Wasup
dublin, Ireland
Posts: 54
14 years ago
Dec 24, 2009 6:44
Hi Ashraf,
With the recent upward move of Gold ,do you think 1050 target for gold is still intact?
thanks
Dako
Illinois, United States
Posts: 7
14 years ago
Dec 24, 2009 1:20
Ashraf, the 240 minute chart on Feb Gold clearly shows a pivot at exactly 1059.80. Let's hope this holds. I', pretty convinced that it will.

By watching your various interviews I just now found out that you speak both Spanish and French in addition to English and Arabic. Mashallah! A polyglot and a great financial analyst. We're proud of you.

Haydar D Sabovic
said
mulhouse, France
Posts: 2822
14 years ago
Dec 23, 2009 22:28
EXCUSE ASHRAF
I HAVENT READ UR 1035 PROJECTIONS
said
mulhouse, France
Posts: 2822
14 years ago
Dec 23, 2009 20:25
ASHRAF

1050 1045 FOR GOLD
WHEN?
CHEERS
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 23, 2009 19:30
Evan, i try to not to give too much importance to the noise and better stick to the real moves. ot is true what you said about yen repatriation but overall tone could remain weak until mid Q1 for later consideration.

Ashraf
EvanRowe
Florida, United States
Posts: 25
14 years ago
Dec 23, 2009 19:16
Ashraf, What do you think Yen will do until the year end? I am a novice at actually watching the micro moves of forex markets, but I do recall some big moves on new years in years past (one year the euro fell 1.36 to 1.30 I think in one new years day) I've heard that many Japanese corporations need to repatriate their yen for end of year reasons, do you think we'll have a strengthening of Yen maybe back to 88-89 against USD, before declining again next year?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 23, 2009 14:21
Evan, what makes sense is that this time of the year is the ideal time for breaking correlations amid position squaring etcc. i do not expect a gold selloff to be as pronounced as any rally in USD. Chapter 2 of my books cites the 2005 example of rising USD and rising gold.

Ashraf
EvanRowe
Florida, United States
Posts: 25
14 years ago
Dec 22, 2009 18:26
If the dollar retraces a bit lower at the start of next year, do you think gold will follow it down? Right now, all of the former carry trade correlations have been blown up...I can't make sense of it right now.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 22, 2009 1:41
raj, looks like 1070 willl happen. Now im only 40% sure that 1070 will be the low. 1035 is staring us in the face.

Ashraf
14raj
Kolkata, India
Posts: 210
14 years ago
Dec 21, 2009 23:16
Ashraf,

I took my all gold shorts out today near $1095...this gold trading is really taking the nerve away. I know its one of the worst trading I ever had...got some profit but for each contract I saw near $100 dollars upside from my selling level( $1117 level shorts) and I book it with a mere $22 dollars profit. i am feeling really frustrated with this particular trading thats why share it with forum.Hope you will not mind.

BTW, the previous swing high of $1071 is near, will be there any jump in gold or it will fall like Niagara?

Regards,
Rajib.
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