EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Anyone agree?
fine thank you ,
your target ??
How are u i dont think so that its a right time to sell gold, i am going to sell it at 1240.
Thanks
Best Regards
what do you think ???
Sell GOLD @ 1221
With Target 968 ???
Have nice trade
do u know what sustain the security of the straight of hormuz?
Lets have this diplomatic side effect of a conflict in the straigh of hormuz. u change all the given card in the oil road map i.e all transaction given between major and national ones is transfered for the sole purpose of one the main suplier since march 2009. and this is not saudi arabia. the last development doesnt say so.
then apart of changing the oil road map u make shift the consumption to gas but the usa are not ready yet. they need more years to implement this strategy if implemented.
thirdly even a conflict in hormuz will benefit iran due to the oil strategy in the caucasian and caspian area.
to finish havent u never paid attention to the history of the SPR
all this is psychose
an arabic say: what is written in the forehead cannot be taken out by hands
but sometimes for the good of everything it is wiser to foresee.
Crude oil is now influenced more by the stock market than by its own inventory levels or demand patterns. (Something I have said many times) Lately, that lockstep has reached an extreme, with the correlation between crude oil and the Standard & Poor's 500-stock Index hovering around 70%, doubling the average of 34% since 2008.
http://uk.ibtimes.com/articles/20100816/energy-report-monday-august-16.htm
Technically, no...fundamentally, YES!
Bear in mind that ONE-THIRD of the world's DAILY oil supply directly, or indirectly, passes through the Strait of Hormuz (largely home to Iran). Iran minces NO words about blocking the Strait in the scenario of a military "misadventure", leading to a supply shock.
In such an event, WHO stands to lose the most?! Ofcourse, the world's largest oil consumer...and the closest ally to Israel...
Asad
P.S. STILL thinking long!
I understand where you're coming from...but 21/8 could well be the last straw for Israel! On this day, Russia is providing fuel rods to Iran...fitting which, into the reactors, will complete its cycle for delivering nuke-headed weapons.
This time, the rumors could WELL become a reality...
Asad
P.S. The fact that the rumors aren't THAT intense this time are another indication?
Amg
rumors doesnot make action
technically it doesnt loks possible
iran export its crude to refine mainly in england and rotterdam then reimport it as finished product. to cope with subside price on pertoleum product there must be an equilibrium reached between this producer and the refiners countries.
all this is noise and the market react shortly to noise.
eveybody has to deal with pricing power and megacontracts