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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8931
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Jun 22, 2010 8:58
In a deflation scenario gold cannot go up. I am always stunned that chart analysts stare at price and neglect volume. The raise to 1650 had little volume but the selloff to 1233 had high volume. A clear sign of cash strapped funds if gold is considered as liquid cash.
It is very necessary in this respect to examine repurchase rate in China. The repo rate stands high and hence PBOC does monetary tightening along with some small currency tightening. This doesn't bode well for commodities and for gold as well. I went long gold at 1233 after selling short bought at 1265 with nice profit. I expect gold to oscillate between 1250 and 1200 . When eventually next month stock markets crash gold will trade around 1100-1150.
The world is cash strapped that is the only fact that matters.
Stationdealer
London, UK
Posts: 715
12 years ago
Jun 22, 2010 8:55
Xaron did you still hold fridays short on gold?
Xaron
Germany
Posted Anonymously
12 years ago
Jun 22, 2010 8:46
Gold isn't that high actually. Including inflation the alltime high would be above $2000. I think that's the way we're heading. Central banks actual BUY gold and don't sell anymore.
Rhiwad
Singapore
Posted Anonymously
12 years ago
Jun 22, 2010 8:25
Dear Rose,
Dont get so exciting to buy GOLD now. Leave the GOLD to do some correction because the Gold is so high now.
rrose
United States
Posted Anonymously
12 years ago
Jun 22, 2010 5:01
1400 s/l 1450 t/p
rrose
United States
Posted Anonymously
12 years ago
Jun 22, 2010 4:10
going long aud\gold 1410 don't miss this
rrose
United States
Posted Anonymously
12 years ago
Jun 22, 2010 4:08
gold is a good buy at this price looking for new highs soon
Qiman
United States
Posts: 237
12 years ago
Jun 22, 2010 1:33
Which two "large and complex banking groups" were on the brink of collapse? We may find out in late July when the stress test results are published, a move described by Deutsche Bank chief Josef Ackermann as "very, very dangerous".

And are we any safer now that the EU has failed to restore full confidence with its 750bn (505bn) "shock and awe" shield, that is to say after throwing everything it can credibly muster under the political constraints of monetary union? This is the deep angst that lies behind last week's surge in gold to an all-time high of $1,258 an ounce.

The World Gold Council said on Friday that the central banks of Russia, the Philippines, Kazakhstan and Venezuela have been buying gold, and Saudi Arabias monetary authority has "restated" its reserves upwards from 143m to 323m tonnes. If there is any theme to the bullion rush, it is fear that the global currency system is unravelling. Or, put another way, gold itself is reclaiming its historic role as the ultimate safe haven and benchmark currency.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7841961/Gold-reclaims-its-currency-status-as-the-global-system-unravels.html
ozzy
brampton, Canada
Posts: 14
12 years ago
Jun 22, 2010 1:32
Asad.....

Sorry, I didn't know you guys were pals......

I'm new and just trying to make sense out of trading.

I'll listen to you guys and try and learn but forget "station" way to long.

Thanks for the feedback.
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Jun 21, 2010 21:47
I hope this club of millionaires gets a lesson from Ghana