Gold, Oil & Indices (Equity & Bond Indices)

what i find worrying about the S&P500 is 5days of directionless trade, a reverse hammer followed by a doji , now today the futures arent looking like they want to test the 50day and look like hugging the bottom of the bollinger 20,2 ive got a big support line in @1071 which it bounced off nicely yesterday, my gut feeling is we are going to break to 1040, unfortunately i feel the market may try a move up to test 1120 again before the end of aug before that happens. For me a key level will be the 100ma closing in this friday on the current level.
Anyone agree?

Sallam Mabedi

How are u i dont think so that its a right time to sell gold, i am going to sell it at 1240.

Thanks
Best Regards

asad

do u know what sustain the security of the straight of hormuz?
Lets have this diplomatic side effect of a conflict in the straigh of hormuz. u change all the given card in the oil road map i.e all transaction given between major and national ones is transfered for the sole purpose of one the main suplier since march 2009. and this is not saudi arabia. the last development doesnt say so.
then apart of changing the oil road map u make shift the consumption to gas but the usa are not ready yet. they need more years to implement this strategy if implemented.
thirdly even a conflict in hormuz will benefit iran due to the oil strategy in the caucasian and caspian area.

to finish havent u never paid attention to the history of the SPR

all this is psychose
an arabic say: what is written in the forehead cannot be taken out by hands
but sometimes for the good of everything it is wiser to foresee.

Said,

Technically, no...fundamentally, YES!

Bear in mind that ONE-THIRD of the world's DAILY oil supply directly, or indirectly, passes through the Strait of Hormuz (largely home to Iran). Iran minces NO words about blocking the Strait in the scenario of a military "misadventure", leading to a supply shock.

In such an event, WHO stands to lose the most?! Ofcourse, the world's largest oil consumer...and the closest ally to Israel...


Asad


P.S. STILL thinking long!

Ashraf or anyone in the forum trading gold, where would be a good level to buy gold? I don't want to jump in rigth now since it looks to be a bit overbought. Any advice would be greatly appreciated.


Amg