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by Ashraf Laidi
Posted: May 14, 2009 16:44
Comments: 54
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This thread was started in response to the Article:

Oil to Underperform Metals

Forex, oil, gold & equity implications of rebounding Gold/Oil Ratio.
 
Ashraf Laidi
London, UK
Posts: 0
12 years ago
May 29, 2009 9:35
Slaiman, we broke through the key 14.90 and look to be heading thru 16.39--61.8% retracement of the drop from the all time high to the 8.5 low.

Ashraf
slaiman7
Lebanon
Posts: 31
12 years ago
May 29, 2009 7:32
Dear Ashraf,

What's your outlook for silver now that is has passed 15.26?

Thanks
Ashraf Laidi
London, UK
Posts: 0
12 years ago
May 20, 2009 23:55
Sachin, very good point. But the 200-day MA remains much higher.. at around 940. Heres the thing though. May 20 LAST YEAR was the PEAK of the stock market rally. then we began a 8-week decline.

Ashraf
sachin
New Jersey, United States
Posts: 3
12 years ago
May 20, 2009 21:23
Hi Ashraf,

On the daily chart of the s&p 500 there is a shooting star near the 200 day MA and on the daily chart of the VIX there is a hammer like candle. This is reminiscent of exactly what happened during mid May last year and I remember you had mentioned this in your webinar. Do you think the equity decline will continue?

Sachin
Ashraf Laidi
London, UK
Posts: 0
12 years ago
May 20, 2009 20:49
hedge, as long as Fed does not stop buying treasuries and agencies, this will remain dollar negative, especially in a day like today when there are no other news to potential offset dollar weakness. But just as the Workbook mentioned, yen weakness did occur alongwith dollar weakness.

Ashraf
hedge
Singapore
Posts: 9
12 years ago
May 20, 2009 18:46
Ashraf, your dynamics workbook shows many cases of weak dollar and weak yen when stocks go up. these past days weak dollar was obvious and drastic but the weakness in yen hasnt been big. how long u think we to see this dollar slanted bias? thanks

Hedged
Ashraf Laidi
London, UK
Posts: 0
12 years ago
May 20, 2009 16:00
BL, one-time payment gives you unlimited access to the workbook plus the updates for as long as I continue to manage the website. Updates are on correlations, FX and commodities. updates 1-2 per month.

Ashraf
BL
Illinois , United States
Posted Anonymously
12 years ago
May 20, 2009 15:24
Ashraf,

I notice the comments regarding the workbook. How long is the subscription to the workbook? Thanks.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
May 20, 2009 14:13
Rob, remember LAST YEAR, US and world equities topped out at MAY 20th.. but they did bottom LATER in March (mid March after Bear Stearns bailout) and not early March like they did this year.
Rob
New York, United States
Posts: 305
12 years ago
May 20, 2009 14:05
I think the saying for this year might be - "sell before Memorial Day, and go away"