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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)
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Ashraf
this is part of a portfolio managed by a swiss bank.
Anadarko : objectif 60
Noble : more upside before crrecting down
Spectra : resistance at 22
Apache : 93/94
El paso : some pressure down
Devon energy: down
Chesapeake : down
Occidental : down ; mind the trading unit.
Eog resources: 95
Petrohawk : doubt on midterm outlook of shale gas
Range resources: Down
Ultra petroleum : down 38 below before 43
Southwestern energy: limit 38/40
didnt ahve time for intermediate level
will issue it during weekend
still look like recession is anticipated. Fundamentally this is not a safe ground for higher silver.
It could be though qe2 could occur in Quarter 4 if recession hits but then XAUUSD could be more favorable than silver. The fact that german banks are severely undercapitalized and need to raise EUR 160 billion and further that PIGS are about to sell bonds will continue to weigh on EUR
and could drive XAU more than silver.
Tuesday, August 31, 2010
China central bank researcher suspects 'intensive gold sales' by U.S.
BEIJING -- Sales by overseas central banks could see a sharp fall in gold prices, the Financial News reported Wednesday, citing Zou Pingzuo, a central bank researcher.
"Investors should be careful about investing in gold. Gold prices could fall sharply because of intensive gold sales by the United States and other overseas central banks," Zou said.
From Bloomberg News
Tuesday, August 31, 2010
http://www.bloomberg.com/news/2010-09-01/pboc-researcher-says-gold-may-s...
BEIJING -- Investors should be alert against a gold price slump as overseas central banks like the U.S. may dump gold while the global economy is facing uncertainties, the Financial News reported, citing Zou Pingzuo, a researcher with the Peoples Bank of China.
will see if it holds.
we might see a test of 1263 that gives us or triangle formation or a wedge
poss of pullback at 54.5 before