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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935

Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)

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PippedOff

Canada

Posted Anonymously

14 years ago

Mar 2, 2010 17:15

The Top for Gold is when weak $$ stoip pouring into aussie-which can be seen from the stall of AUDNZD at 1.300. Now that 1.300 has held, aussie will be sold into, and gold will follow lower.

This is MY CALL!

PippedOff

Canada

Posted Anonymously

14 years ago

Mar 2, 2010 17:13

WE HAVE SEEN THE SHORT-TERM TOP IN GOLD.

WEAK LONGS as buygold2000 only show up and get confident at times like this.

VERY SIMILAR TO A WEATHERMAN ANALYSTS. HE is here to tell us gold is going higher because gold has gone higher.

buygold2000

Florida, United States

Posts: 3

14 years ago

Mar 2, 2010 17:09

Weak longs in gold? hardly. The weak hands are shorts, shorts have to buy back some time, right? People who own gold bars and coins or long-term contracts don't have to sell for a long, long time, until gold becomes a bubble in a true sense.

Steven Blyth

London, UK

Posts: 148

14 years ago

Mar 2, 2010 16:47

The lesson is trade what you see not what you think. :)

Callum

Singapore, Singapore

Posts: 179

14 years ago

Mar 2, 2010 16:45

All, try this as an exercise, and look through all the past articles on this forum on any Tuesday related to Gold and Euro (sometimes Monday). Is there any pattern here?

Callum

PippedOff

Canada

Posted Anonymously

14 years ago

Mar 2, 2010 16:38

Gold is a commodity. Commodities, more than other asset classes, have false breakouts and breakdowns. They also tend to overshoot targets as I have mentioned many times.

Right now, gold and aussie benefitting from weakness in trash euro and gbp. All people know aAT THE MOMENT is to buy gold. We are getting very weak long in gold. They will get hammered on the reversal.

montmorency

Abingdon, UK

Posts: 610

14 years ago

Mar 2, 2010 16:32

As we say in England: "Mandy Rice Davies" ("They would say that, wouldn't they")

(I am referring more to the comments (always fun), rather than the article).

Karan

Singapore, Singapore

Posts: 83

14 years ago

Mar 2, 2010 16:32

1135.20......OH NO!!!!

nzvik

Auckland, New Zealand

Posts: 225

14 years ago

Mar 2, 2010 16:23

interesting post
http://www.zerohedge.com/article/gold-surges-dxy-positive-day