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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)
 
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 10, 2013 10:11
In reply to DaveO's post
thanks!
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 9, 2013 23:45
In reply to Qingyu's post
I see important confluence of resistance at 1486 level. Looking at the 1hr you see nice ABC corrective pattern to 1357.67, actual made 1358.80 futures.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 9, 2013 22:10
In reply to DaveO's post
is that too high to get in gold now?
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 9, 2013 21:38
no high conviction but from the 1hr 28th Aug high to 105.50 low looks like 5 waves--W.A? Then ABC up to symmetry at 110.13 (actual 110.70)---W.B? W.C down would have projection to 104. If I am wrong further upside from here to test 115.

My inverted H&S on the daily worked well for long trade up to 111.85 target (actual was 112.24) Its all been a messy overlappy move up. gl.

Gold is more interesting.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 9, 2013 14:28
In reply to Qingyu's post
the most recent rumour is about how to buy "foreign investment", and generally 1mln foreign money can get 20k "brown envelope" return, of course the 1mln is still urs.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 9, 2013 14:23
gov said china bad debt all on investment, not like western all spend on welfare. if time is long enough, all bad debt gonna become good debt. sound like magic, but fail to explain how 20-40% bad debt in fat rats pockets.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 9, 2013 9:44
still here...

china cpi 0.5%, food 4.7%, fat rats cant play this game for long. when tapering become tightening, we will see.

btw, Li keqiang says no asian crisis like 97-98.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 8, 2013 22:30
zerohedge ?@zerohedge 9m

China Crude Imports Drop to 11-Month Low

ha, crash in oct rally by santa?
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 30, 2013 20:17
dunno anything about casino :(
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 30, 2013 9:20
china everbright event investigation result as inside trading/information misleading, 4 people kick out, trading halt, confiscate 87mln rmb revenue plus 5 times fine.