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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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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 1:31
no sh.. really?..:-)

alaidiAshraf Laidi

"..Gold's YeartoDate performance is now identical to SIlver's at + 27%, highest of all commodities.."
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 0:57
gold has completely unique characteristic. Not only that it looks and feels good :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 0:55
yep agree !
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 0:43
one needs to watch futures for clues but this comment basically stands "..unless there is more marked participation by Chinese and other global investors in silver, another atempt at $50 is unlikely.."
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 0:37
that run up earlier this year wasn't industrial demand based at all but only with ETF/futures.. anyway it's poor man's gold.. just CB's not buying it like theu do gold for reserves..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 11, 2011 0:32
so just one night stand then:-).. patience i guess with a bit of fun on the side..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 0:30
alaidiPremiumFX Ashraf Laidi
Main reason $SILV not followed $GLD is INDUSTRIAL-DEMAND, which is dampened by slowing global gwth. other fundams remain same #forex
4 minutes ago Favorite Reply


Yes exactly. This is why I say silver and gold have different (trading) characteristics much of the time.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 11, 2011 0:00
deadcat bounce it was not. That will come when the sequence is completed.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 23:59
But the slightly higher than 23.6% bounce was sufficient for the 4:3 count I labelled. Was expecting 2 or 3 days of ret though.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 23:56
yeah jacek. I did say I might be wrong :-)
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