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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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Mark
Slovenia
Posted Anonymously
14 years ago
Jul 6, 2010 10:04
Hello,

Only one question for mr. Laidi if I may. In your book you say that in present (that is 2 years back when you wrote it) that central banks own 20% of current gold stocks and 10% individual nations.
So WHO owns the remaining 70% of the worlds gold?

Thanks,great book by the way.
said
mulhouse, France
Posts: 2822
14 years ago
Jul 6, 2010 8:51
qiman

totally agree with this level.
said
mulhouse, France
Posts: 2822
14 years ago
Jul 6, 2010 8:48
john
after this rebound target is 70 then 68
Johnkitty
Florida, United States
Posts: 1
14 years ago
Jul 6, 2010 3:21
What do think about Crude Contracts for next trading?

Contract Size: 1,000 US barrels or 42,000 gallons.

Price Quote & Tick Size: Dollars and cents per barrel; minimum tick size is one cent per barrel or $10.00 per contract.

Contract Months: All months.

Trading Specs: Open outcry on NYMEX runs from 9:00 am to 2:30 pm ET. Electronic trading on Globex runs Sunday through Friday 6:00 pm until 5:15 pm with a 45 minute break each day.

Source:http://commoditycrudeoil.com
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 5, 2010 14:55
In passing, congratulations to anyone who managed to capture the ~$40 drop last week.
(Not me I'm afraid).
Qiman
United States
Posts: 237
14 years ago
Jul 5, 2010 14:33
"Gold, which climbed to a record last month on concern that the global economic recovery may be faltering, may slide to the lowest price since May, according to a technical analysis from Commerzbank AG.

The metal, trading today at $1,213.65 an ounce, may slip to $1,172.10 after closing below its 55-day moving average, Axel Rudolph, a technical analyst at the bank, wrote in a report, citing trading patterns. That dip makes us question our previously bullish forecast, Rudolph wrote in the July 2 note."

http://www.bloomberg.com/news/2010-07-05/gold-may-decline-on-trend-reversal-commerzbank-says-technical-analysis.html
Qiman
United States
Posts: 237
14 years ago
Jul 5, 2010 2:18
As I've mentioned before I pay attention to what GS says, because their pronouncements can move markets short term:

Goldman Sachs warns on global economic slowdown
Fresh fears over a global economic slowdown were raised on Saturday after Goldman Sachs' chief economist warned that data from China and the US revealed that any recovery was facing a "challenging period" and that evidence from America was "troubling".
http://www.telegraph.co.uk/finance/economics/7870324/Goldman-Sachs-warns-on-global-economic-slowdown.html
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 4, 2010 11:02
Another interesting blog from Chris Vermuelen: http://www.ashraflaidi.com/forex-blogs/1250/
July 1, 2010 03:59 GMT:

On gold:

"We recently bought gold at $1226 and sold out between $1255-1260 a couple days later because it's not just screaming at me as a great buy. I am not a gold bug, I'm a trader who finds low risk opportunities, gets in and out with maximum profits and minimal draw downs spending most of my time in cash. They way I see things is that there is always another trade just around the corner."


See also what he says about oil and equities.
Qiman
United States
Posts: 237
14 years ago
Jul 4, 2010 1:46
We have discussed a bit on here how politics and economics are inseparable, and indeed they used to be taught together under the title Political Economy. Just spotted a new book that may be of interest:

"The latest threat to the global recovery - state capitalism
A fascinating new book is about to hit the shelves. Called The End of the Free Market it argues that all-powerful governments from around the world will be the new driving force in the global economy, skewing the decision making process away from individuals, companies and the market towards states, political interests and authoritarianism."
http://www.telegraph.co.uk/finance/comment/kamal-ahmed/7867866/The-latest-threat-to-the-global-recovery-state-capitalism.html
Qiman
United States
Posts: 237
14 years ago
Jul 4, 2010 0:13
Gold is looking to be more correlated with the Euro than anything else for the moment in terms of intermarket correlations, so where gold will end up by the end of the year might be heavily influenced by European developments. Unless correlations shift once again. And there is always the factor of other financial blow ups or international tensions, like Iran.
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