Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
break of gold o which direcion u see
If you are going to run a signal service you need to give it a lot of thought. Take a look at how other signal services out there operate. My advice would be to revert back to providing your "general" bias and leave the nitty gritty to individual traders. You can always add later when you have the basics of a subscriber service site and your email properly organised. Your email is going to be more important than twitter going forward for a proper membership site. Signal services are fraught with problems. Your expertise is in fundamental analysis.
http://ashraflaidi.com/products/sub01/access/?a=429
Ashraf
u have 2 brains running simo? lol
sorry slip of the mouse
Below 1462.4 should lead to 1416 next. Above 1529.5 will lead to 1538.7 or 1557.0 (Current 1496.6) basis futures. No point in looking too far ahead for trading purposes.
20 min ago:
GOLD/SILVER: In the Q2 Metals Review, released Wednesday, Natixis
commodity analysts offers its outlook for precious metals. They project
an average annual gold price of $1360/oz in 2011. "With the prop of
investment inflows potentially much reduced in 2012, there is scope for
gold prices to drop further, and we forecast an average price of
$1,140/oz," they say. This would suggest gold will move toward or below
$1,000/oz at some point during this period. Similarly, they look for
silver prices to edge lower as well. "Support at $30 should hold in the
near-term, and we would expect an average price of between $31 and $32
for the year as a whole." Spot gold holds at $1494.25/oz and silver at
$34.99/oz currently.
Ashraf
@Qingyu, not attacking Ashraf at all, simply mapping his original SPX call against my own work which is founded upon price action and market structure. MA's are not very meaningful to me. If anyone doesn't like that, well tough. Lagging indicators are great after the event.
All the levels I post on various symbols are target levels for taking some profit, (potential reaction and/or reversal levels). Those paying attention to any additional comments made will understand further implications of the pattern work. Take it or leave it :-)