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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
Abingdon, UK
Posts: 610
14 years ago
Jun 29, 2010 21:23
I'm waiting to see if there are any more attempts at ~1260-1265 before this expected correction.
We can't rule out a jump even higher, I would have thought. I was interested to see a gold-bullish article in the mainstream Guardian newspaper today:
http://www.guardian.co.uk/business/2010/jun/28/gold-new-high-double-dip-recession

If that isn't a warning to get short, I don't know what is :-)

To be honest I think we have to get ready for it to go either way, and fast.
chloethebull
Canada
Posted Anonymously
14 years ago
Jun 29, 2010 20:40
@mont..i agree i read it yesterday an iam to waiting for that vicious drop in gold its been awhile since we had a 60buk drop in the yellow stuff..now look @ todays sharp pull back if it continues then mayb pl will be forced to sell there good trades to cover there bad..which helps my gold shorts but im also thinkn if risk appitite bounces back over next few day that too will help pull gold a lil lower,am i correct to think this way ?ok guys gl(ashraf hurry up an weigh in on gold -oil-usdcad lol)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 29, 2010 17:15
Chris Vermuelen's blog is interesting on gold: http://www.ashraflaidi.com/forex-blogs/1250/
June 28, 2010 01:11 GMT:
Video: http://www.thegoldandoilguy.com/articles/sunday-june-27th-gold-spx-video/

See also:
http://www.bigtrends.com/articles/dailytrendwatch/13284-is-gold-near-a-5th-stage-peak.html

Essentially, both see possible big corrections prior to resumption of bull trend.
chloethebull
Canada
Posted Anonymously
14 years ago
Jun 29, 2010 16:14
do not touch oil or usdcad....best play this week was to short the hell outta gold above 1250..then lock in some profits @1230 but hold a bit mayb not too much but u deffin want to be holding some shorts on gold...so far this strat has worked the last few weeks for me..ok gl guys
ZEE
Canada
Posts: 20
14 years ago
Jun 29, 2010 16:09
hi everyone

it's a tripple down on s&p around 1040 level, as all global markets pretty much tied together, (like ftse as well 4900) on charts its look weak, looks like more down, on friday us unemployments are be gonna comin, that could be a trend setter for markets, alot of prople are saying it's gonna pop up upto 9.8 and 9.9 as well, if see that on friday, market can further correct down atleast 5 to 7 %
Pipster
UK
Posted Anonymously
14 years ago
Jun 29, 2010 15:48
Entered FTSE 4906 long - I feel 4900 is support and if this is completly penertrated then we are looking to go down Big time - Lets see


Can someone tell me if this rationale is correct - When the sterling currency is weak and is going down (Gbp/USD) then should this not prop up the FTSE -


I'm short cable and long FTSE -
Pipster
UK
Posted Anonymously
14 years ago
Jun 29, 2010 15:22
Gunjack

Barc is O/S but there is more downside

2.62 maybe a buy entry if you must :)
Qiman
United States
Posts: 237
14 years ago
Jun 29, 2010 15:18
The 20 month exponential moving average for the S and P is a point of concern for some analysts who believe it is the overall best indicator for bull or bear markets. The S&P 500 closed last Friday at 1,076.76. The 20-month EMA is at 1,086.66. Where will the S and P go this week? Today is not looking good so far.
Gunjack
London, UK
Posts: 1184
14 years ago
Jun 29, 2010 15:14
Consumer Confidence Plummets: Down 15% To 52.9, From 62.5 Consensus, 62.7 Prior
Gunjack
London, UK
Posts: 1184
14 years ago
Jun 29, 2010 15:13
slightly of topic, but BARC LN looks o/sold too
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