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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)
Ashraf
Im no expert on anything but isn't the basel 3 agreement for capital tier ratios just another way of admitting the waste pipe is blocked full of toxic *&@p and that the plunger of fed easing hasn't worked so now the banks waste pipe is being widened for them to flush even more wate down them in future?
heres the ft link on the matter. http://bit.ly/cal8mN
Said, I was wrong 2 weeks ago when I said oil will break above 86 and towards 95 but something tells me that oil is now a little oversold relative to GOLD and it should play "catch up". The Iran/Israel factor is positive for oil, the hurrican season is positive for oil, but even when you take away these elements, we could be seeing Chinese making the last verstiges of oil purchases before it gets too high for them. One we get to mid 90s, the downside will become aggressive, in line with my risk aversion scenario in Sep-Oct
Ashraf
I READ AN ARTICLE STATING THAT THE OVERALL UPTREND IN CRUDE OIL IS INTACT. what do u think?
When i make a Dua i specially remember you.
Thanks
Best Regards
Yasir kidwai