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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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montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 0:55
I honestly have no idea what gold is going to do from this point (wishful thinking aside).

However, someone earlier warned us to look back and see what happened on 1st Feb.
True, but then look what happened on the 4th of Feb.
The market will decide.

Off-thread, but since Euro has been mentioned, I agree with Xaron that the weekly bars could be interpreted as bullish, and on that basis I could see a bounce up to the 1.38 area before a plummet down to the 1.30 area.(via 1.34 and 1.32).
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 22:16
xaron,my take on this situation is the world as a whole has some big issues to resolve..i don;t think the gbp eru or the usd are going to collapse(although my gbpcad is killing me)..theres goin to be a volley of news releases to get a desired effect...just look @ last week russia comes out a states china gonna buy imf gold,who gave russia creditablity on such matters but hey it stoped golds decline an usd strength dead in its trax now that usd has fallen fast an gold rising fast so what happens out comes the chatter from hoenig..i never even seen this guy on tv until today an hes been on every 30min..an put that with the ton of things ashraf just pointed out in latest imt...i don;t think 1025 will be reached cause that would mean usd gettin too much strength which us gov doesn;t want, plus usd will not get too weak either cause that puts other countries at risk of hurtn there own recouvery..such a huge balancing act goin on ...ive been saying this for 4-5mth now an i have yet to be wrong my only problem is i have yet to get the trade right..i do great on the upside but fail to ride usd weekness down (usdcad)..ashraf is probly correct on the way things should work but even he can;t push the us gove off there balancing act...pure manipulation at its finest(ur either with us or againsts us..lol)..gl pl
Desi
UK
Posts: 69
14 years ago
Mar 2, 2010 21:39
Check out the GOLD hourly Chart : The stochs cascading down while price rises in 1st Feb
and look at the stochs during 26th Feb to 2nd March

Divergence
coolshades
UK
Posts: 53
14 years ago
Mar 2, 2010 21:33
ladies, gentlemen,

we are here to trade and make money. lets keep the political debates aside, especially since they are the same debates.

i am more than happy to flush my country's currency down the toilet bowl if it means i make pips.

i am flat on gold and am wondering if i should go short.

pipped off, are you short?
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 2, 2010 21:04
No of course not. That's why I said, that Portugal, Italy and Spain are far too big to bail out them. But that won't be necessary (pippedOff will disagree on that I guess).

BTW: The ECB can't just print money like the FED can.

Personally I think this is all a bit overdone. Markets tend to exaggerate. The Euro will probably see the 1.30 level again but not before a notable retracement. Technically the weekly chart look very bullish to me now (don't laugh here, I just mean the last 2 weeks with their long wicks right at around the important 1.35 number which is a fibo level as well).
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 20:59
i see a problem with that way of thinking ...if germany steps up an starts printing $$ like the us did to bail out countries this is wayy bigger of a bad situation for eur..plus the story of us printing $$ is old news,the new story is the gbp+eur an the thought of failing countries can germany really bailout 5-6 countries...gl pl
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 2, 2010 20:57
pippedoff, 1133.50 and raising, 1150 comes closer again.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 2, 2010 20:53
PLEASE READ LATEST IMT on POSSIBLE DEJA VU IN INTERMARKETS
http://bit.ly/6vf9wn

Ashraf
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 2, 2010 20:51
Of course we will bail them out if necessary. But of course no one wants to tell the truth about it. It would be political suicide. Greece won't default, that will not be allowed no matter how much it costs.
Italy, Spain and Portugal are too big to bail them out but they are not that deep in trouble.

And don't forget that there is no single currency but always pairs. Therefor you have to take a look at the other side and the USD doesn't look that shiny at all. ;)

Plus you have to see that Germany WANTS a weak Euro as well as the US NEEDS a weak Dollar. Guess who will win in the long run? ;)
klevera
seoul, Korea Sout
Posts: 51
14 years ago
Mar 2, 2010 20:46
Its not about the fact that moody is from america. Their judgement is not even valid any more.
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