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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
below 1195. I have always been gold bearish as no money buys no gold and now lack of liquidity sells gold. Insofar Merkel did some good. However bearish signs add up too much I think could be we see some reversal.
On your other point...does it happen? It did happen in a few instances to some Mayfair boys who fell on the wrong side .
After that, a measure of panic selling may ensue?
Read this , it"s a good one :http://www.bloomberg.com/apps/news?pid=20601087&sid=aq1TZHxNGpWU&pos=3
" They are only human ".........maybe he thinck to the greedy"s human nature....i just can"t stop laughing ...
It's premature to comment on Lucky's bet. Oil's drop today is a mere reaction to USD's strength. The innate strength of crude remains intact, in my view.
If oil remains around 68 tomorrow morning, I mayyyyy open another thin long.
- Oil's going to rebound above 70 sooner than later as strength continues in economies beyoooooooooooond Europe *sarcastic*
- DXY will be falling below 87 again as markets are calmed by some European initiative
- Sanctions could be imposed on Iran by tomorrow
- S. Korea is to formally blame N. Korea for sinking its vessel last month, sparking further tensions
- The BP oil spill is being grossly miscalculated...and in my view, unfairly priced by the market
Ofcourse, the above are all assumptions favoring oil...but equally disfavorable could be PBoC's rate increase! But makes one think that geopolitical scenario is more favoring crude than anything.
While only time will tell, I reiterate my position this time to be longer term. Like none allowed major banks to failed during the corporate financial crisis...none will allow countries to fail during this sovereign financial crisis...
Asad
Sorry, but are you sure of what you wrote in your comment? I mean I NEVER ask for personal stuff...but I can't resist ascertaining what you wrote below - so far, what you've written, has been gossip & speculation to me. But are you confirming that they REALLY do it?
Hope you realise that I'm not as naive & innocent as I may pretend to be...but there's a huge difference b/w making an educated guess & having it confirmed!
Asad