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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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DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 17:28
In reply to Qingyu's post
Blimey Q, I never knew all that sh*t.

I love this comment, its so very true LOL :-

McMolotov

$3.75 billion POMO today. If it doesn't close green, does that mean the party's over? Or does it just mean we'll get MOAR?

As for Tyler's article, I consider myself relatively intelligent, but this made me feel like a fucking imbecile. I'm sure I had the same look on my face while reading it that a five-year-old would have if Stephen Hawking were trying to explain string theory.

What I got out of it is what I get out of most articles of this type: The financial system is the equivalent of ten men tying their dicks together with string, and if one of them tries to run away, everyone's in for a shitload of pain.
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 23, 2013 15:14
http://www.zerohedge.com/news/2013-05-23/bronze-swan-arrives-end-copper-financing-chinas-lehman-event

very good, very clear!

btw, icbc is the best and biggest commercial bank in china, which GS just dumped all with good excuse.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 14:47
yes it might be range bound between 1400 and 1360. Back later, gt, gl
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 14:21
I tried to explain 2 scenarios for gold.

Either we have seen truncated ABC up (intra day chart 60 or 120 min)

Or we have only seen A up and B down with C up in progress to target 1430 cluster of resistance.

If I am correct that the move up from 1336 low is only one of these correctives then I would expect new lows below 1336 in the days ahead. This is my preferred count. If price exceeded 1477 this count is invalidated for more bullish outlook. On daily chart pattern I don't feel the 1336 low is a meaningful long term low, pattern does not look completed.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 13:54
Ashraf was first to publish the "Taper on Taper off" scenario and then the ramifications. Now we see everyone and his dog claiming they were first :-) I am referring to my inbox today :-(
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 13:48
hacking your email George ? I wouldn't know how even if I had your address.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 12:50
maybe, maybe not. Confirmation pending. You always sound so sure which is dangerous unless you can support your supposition with something tangible.
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 23, 2013 11:52
In reply to DaveO's post
true, ur parameters just confuse me! :( u know i always take ur words seriously.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 11:49
In reply to Qingyu's post
yes risk off since yesterday, no doubt about that :-)

I always mean for my analysis to provide trading parameters but perhaps I assume too much :-) But everyone is trading different timeframes in this room so we will never understand each other unless we make 100,000 word posts :-)
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 23, 2013 10:58
In reply to DaveO's post
gold up, jpy up, stocks down, i thought we in risk off mode.

i will monitor stock recovery today, and maybe buy UJ again. but if we really in risk off mode, then sell.

anyway, tight sl less than 10 pips.
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