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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 21:01
Its simple, gold "inverse" correlation with stocks still in effect ! When the correlation changes back to positive we shall know the fear factor has dissipated.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 21:01
Qingyu.. with questions like these you should be a subscriber to Ashraf's service.. and you'll get trading calls with stops and all thrown in for free..
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 11, 2011 19:17
cat, any view for today gold move?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 17:40
CL correlation was a good clue
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 17:36
That applies to all 4 major US stock indices.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 17:33
NYSE internals solid trend up today so far. Vix currently in a triangle formation.

No new low below the SPX tuesday low so the expected ret still holds good.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 11, 2011 15:15
gold only have a little chance to print 1838 or 1827...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 12:25
Gold is having some difficulty breaking through the 127.2% ext of the swing up from Jan low to the 2nd May high. Pattern calls for a ret rather than long term top. If a temporary high is in now for the current wave 3 or 3:3 we should be looking for wave 4 corrective down to 1685 to 1646. A move below 1722 would alert.

If gold continues up from here I have c.1895 next projection. Current high at 1813.6 basis futures or 1814.6 spot.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 11, 2011 7:13
asian trade stock up, then i should play down...
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 5:23
a little bit of liquidation perhaps..

"..CME announced late on Weds that it will be raising the margin
required on a range of Gold products.."
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