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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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Karan
Singapore, Singapore
Posts: 83
14 years ago
Mar 3, 2010 6:36
thats a v interesting thought asad
asad
London, UK
Posted Anonymously
14 years ago
Mar 3, 2010 6:16
In the end, ONLY one asset class will prevail: food.


Asad
Mojo
Arizona, United States
Posted Anonymously
14 years ago
Mar 3, 2010 4:55
Asad is the defender of ashrafliadi.com and he has spoken.
asad
London, UK
Posted Anonymously
14 years ago
Mar 3, 2010 4:50
It's funny that some of the guys have 'no idea what's gold's next move'...yet you guys are trading? I'd never trade anything I've no real idea about (getting trapped later is another thing).

My two cents on gold & oil. Well, gold is the antithesis of currency...& vice versa. GBP's hammered...Euro's going to get hammered (hedge funds are raising bets against it)...& the USD, well, is the USD. No confidence in currency translates to worship of gold.

Personally, I believe (no, think) that this is all speculation. I won't be surprised if within two weeks we head downward on gold & oil. Later last week, oil on 74 & gold under 1100 looked good, & realistic. In two weeks, they'll realise that nothing is different than was in mid-Feb...


Asad
Mojo
Arizona, United States
Posted Anonymously
14 years ago
Mar 3, 2010 4:49
@rkkashmir, you bring up a very good point. The price action all the things you mentioned can be summed up precisely a bullish for the time being. Euro, Cable and Gold have all made higher lows and higher highs in the last 36 hours. While the long-term analysis is generally correct from Ashraf, I think the AUDNZD's fall will draw down many traders' margins and do some damage before heading south. I am surprised Ashraf's bearish on AUDNZD given it has made NEW highs and that nothing on the 4 hour chart is signaling a reversal.

sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Mar 3, 2010 4:39
time to cut the loss and take the pain and suck it up
rkkashmir
Posted Anonymously
14 years ago
Mar 3, 2010 3:56
It appears Ashraf's short Gold call was incorrect. There appears nothing on the horizon which can/will knock the upward momentum at the moment. The pullbacks are shallow, and are higher than the previous. It also appears the short aud/naz call was incorrect also.

I've made a lot of $$ following Ashraf's "advice. However, he will not be correct all the time.

Eur and gbp/usd seem oversold and are bouncing. Both these pairs are cued up on a tee, just waiting for the European session to blast them off another 100 plus pips each.

If you are short eur, gbp, gold - please beware and utilize stop orders.

Good trading....
radu
bucharest, Romania
Posts: 203
14 years ago
Mar 3, 2010 1:58


Peggy ,

I was careless and i posted in gold,oil&indices
radu
bucharest, Romania
Posts: 203
14 years ago
Mar 3, 2010 1:47


Peggy ,

Aud gdp is fine for they but is in line with forecasts , no surprise...and for the moment -at least -1.3 (my nightmare) wasn"t reached
I"m still short on aud/nzd and i handle that for now
If you look around , aud/jpy , aud/usd aren"t too good , especially for this news ,and on 4h chart slow sto seems to goes down , even (14,3,3)..so , imo , i keep my short position...maybe is a good ideea to bet a little on a short way---is up to you
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 3, 2010 1:37
@coolshades: short gold with 1127.8 avg.

1133.4 now
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