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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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chloethebull
Posted Anonymously
14 years ago
Mar 13, 2010 17:04
@sydney.. im kinda waiting to see how fri finish gets interpeted...s&p looks like it closed above 1150??s&pvs vix ration back to 65...but gold finished at its low crude as well..so looks like we might have to see what come in the way of curve balls sunday night...i rather sit in cash with a small position a wait before i jump in..might miss a bit but im ok with that ..ok have a great weekend an ttyl
dkino
stjrdal, Norway
Posts: 3
14 years ago
Mar 13, 2010 15:09
thanks chloethebull , that helps :-)

have a nice day and weekend
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Mar 13, 2010 12:55
whats everyone's view on next week gold?
chloethebull
Posted Anonymously
14 years ago
Mar 13, 2010 12:25
@dkino...ashraf just pointing out that oil.gold..s&p have all failed to break through the 100 day moving averages..which could mean that risk appitite might be due for a substaintial pull back..basically get ready to short these comodities oil could go to 75 or less..gold could retest 1070 or even 1040-or do we dare tghink of 1020...s&p back to sub 1100..ok hope this helps ..gl
dkino
stjrdal, Norway
Posts: 3
14 years ago
Mar 13, 2010 8:57
Hi there .

can anyone explain to me in few words , what Ashraf Laidi ment ,when he wrote :

OIL failure @ 83 = 2nd failure of 100-week MA and $SPX lagging behind.

sorry if its to stuipid a questions.

thanks and have a nice weekend :-)
said
mulhouse, France
Posts: 2822
14 years ago
Mar 12, 2010 21:58
ok ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 12, 2010 21:43
Said, leave the "liking" for your loved ones and keep it platonic when it comes to charts and the markets. if you get too attached to methods, then...

rim, salo,

i dont know your margin requirements but there are people who are short at 1070. i still see a retest of 1070 and even 1055. Thought at this point i see FASTER downside in OIL than in Gold. but yes, still bearish oil. Fed keeping low rate smantra is just another way to tell market we're not going ot take off stimulus immediately.

Ashraf
Salo
United States
Posted Anonymously
14 years ago
Mar 12, 2010 21:34
Reposting this

Dear Ashraf,

Thank you for the great information you provide through this website.

Do you believe that the coming few weeks or maybe couple of months present a lose/lose situation for Gold? My reasoning behind this scenario for gold is that, first, fears about sovereign problems have subdued for now. Second, if economic news keep improving along with stocks, especially in the US, then expectations for rate hikes would rise substantially. Last, in case stocks go lower, USD would rise resulting in weaker Gold.
I realize that Fed's commitment to "exceptionally low levels of the federal funds rate for an extended period" is stoking inflation fears, however, such commitment has been reiterated many times now to the extent that it can do nothing to gold price anymore, at least that's what i believe.

Thank you
rim
Turkey
Posts: 121
14 years ago
Mar 12, 2010 21:07
Dear Ashraf ,

I want to close my short position on Gold on 1102 , do you advise me to wait next week ?

Maybe on monday it can go again to 1115, so on monday can short again
said
mulhouse, France
Posts: 2822
14 years ago
Mar 12, 2010 21:02
ASHRAF
GOT IT BUT I LIKE THE METHOD
I HAVE NEVER SEEN DAMAS
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