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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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Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jul 22, 2011 21:14
Thursday's WTI Premium short trade hit all targets..despite the up close.

Short US crude between 99.70-100.20 for limit at 98.80-99.00, stop at 100.55.

Tuesday's long US crude between 98.00-98.30 for limit between 98.80-99.50, stop at 96.50 has hit all limits.

Ashraf
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 21, 2011 1:00
thx Subz.. my entry hit but im hesitating.. such a strong trend probably needs more confirmation then few reversal candle patterns..
subway90
Posts: 1078
13 years ago
Jul 20, 2011 3:50
yes jacek... break of 1575... and see drop back to 1500... or could see 1 more pop up to 1620 for shorting opportunity...
jacek
Australia
Posted Anonymously
13 years ago
Jul 19, 2011 23:55
well done Dave.. my 1615 as good as done.. nice potential trade setup S 1595 SL 1615 for targets towards 1500.. 1575 needs to break then 1550 for possible 1500..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 19, 2011 21:51
Gold made my 1609.4 target today (1611)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 18, 2011 16:15
Dave you are so right.. why trade anything else if this thing goes in a straight line.. maybe a blow-off into mid 1600s perhaps?..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 17, 2011 20:52
Yeah Catnip, funds often have to sell off their gold bets to meet margin requirements across their portfolios.

Sarah, I will take a look but basically I only trade my own stuff. There are numerous gold buff sites, some going back 60 yrs like Richard Russell who is still writing in his 90's !
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 17, 2011 19:18
I konw goldtrends... but...its all simple: the actual interest rates are NEGATIVE ( also in China!) and since no one bets on construction boom or a sustained stock market rally ...
Gold MUST go up ..BUT... if some hot players in stocks and commodities must cover margins gold will sell off as well. Because the funds are out of cash.
bhglitter123
dubai, United Arab Emirates
Posts: 36
13 years ago
Jul 17, 2011 18:50
Daveo and Ashraf..

i came acrosss a very interesting website actually by coincidence and subscribed to it... i thought i would share with you guys...if you are looking for indepth analysis of gold and silver trends and future prospects i would really recommend that you look into www.goldtrends.net i found the wealth of information and correlations quite interestingly presented ... updated on daily basis and weekly basis the subscription is very nominally priced (10$) i hope you dont think im promoting that website or marketing it.. but what lured me is the daily updates and how accurate they were to a large degree..

sara
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jul 15, 2011 13:25
let me guess, if today cpi does not beat expectation, stock will go up then down.
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