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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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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 15:44
both run into stoploss quite soon...but gold short the hedge did well so no loss overall
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 11:02
and another long on UK crude 8930
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 10:46
ok gold rises, too. I'll try a small long pos on US crude
usikpa
Russia
Posted Anonymously
13 years ago
Nov 11, 2010 10:24
Catnip, no I don't. Luckily, not one of them:) "Grey" futures markets?

What I gather is that it is not the all time high China inflation, their ppi has been on the higher side of things for a while now, and that apparently there's no hike coming up this month (?), as authorities are confident to stop its further growth in December.

Besides, OECD oil floating ship reserves are reported down, just as crude imports into the US. Now I may be wrong but the price momentum is very strong.

Anecdotal evidence suggests that as Chinese party authorities recently cramped down on the electricity usage by local producers, the latter switched off the electric grid and turned to burning heavy oils instead. So further improvements in the official statistics guaranteed :)
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 8:11
I keep hearing rumors russian oligarchs hedge long positions in commodities metals and oil
in London "grey" futures markets. Do you know anything about that?
I think China inflation all time high does not at all tell long oil.
usikpa
Moscow, Russia
Posts: 77
13 years ago
Nov 11, 2010 7:37
With the DXY having staged the spectacular come back, the CL strength is all the more telling. As PMs have felt somewhat shaky, don't you guys think a rotation into a lagging commodity is about to occur, propelling it above 90?
lucky
Nigeria
Posted Anonymously
13 years ago
Nov 10, 2010 21:45
gunjack on aug 31 you told me (@Lucky careful with the silver shorts...there is real appetite for the shiny metal and it bounced off nicely from it's 23.6% fib level this morning) and i didnt hear your advice then i was badly crashed cause of heavy short 50,000 ounce on it and since then i was out of the field due to the damage and fearness to come back to the market
today was my first approach since then with oil short hope to get it right
thanks a lot
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 10, 2010 18:58
Yes Gunjack, I run an overlay chart for some of the correlations and the relationships can and do go off course sometimes intra day and then something has to give and they all come back into line again. Inventories a good example of messing my chart :-)
Gunjack
London, UK
Posts: 1184
13 years ago
Nov 10, 2010 18:45
@DaveO commods need any excuse to rally and sell off nowadays...eg silver sell off on back of margin hikes etc...and in crude oil massive drawdown in inventories caused the spike and surge through the important res level of 87.6, creating a short squeeze towards 88...surprising as USD strength was there for everyone to see...guess the USD-commod correlation got weaker today then
Gunjack
London, UK
Posts: 1184
13 years ago
Nov 10, 2010 18:42
@Lucky if u see my earlier posts I stated that we could hit 88, which we have today. I have entered into a small short today at 88.08, worst case scenario we head to 89/90 and i get taken out, but think gravity will work it's magic on CL soon...
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