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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)
You seem like you been around this site quite some time...
I notice your pick on Catnip quite a bit....
I can't say Catnip is wrong or right...
I would like to ask you a question.How often is Ashraf right on his predictions out of a hundred?
After all he is the guru or is he?
Gold had a fixed price, but silver did not fall as much as DOW. So... wait for the fall then oil will drop sharply.
I beg you to PLEASE leave this Forum...or I will! :p You're becoming SO difficult day-by-day-by-day-by-day, YET interesting, that I NOW class you as a guilty pleasure!
WHERE the HELL did you come up w/ this (wait a second - let me look up again..ummm) BTU ratio...and even if you knew...WHY did you have to write it here?
Look! Just tell me the direction of oil and make me the moolah! :D Tell me that oil nosediving in the coming months...BECAUSE I'M GOING SHORT, wherever you BTU index may go...
Asad
P.S. Hey...have you checked that documentary, 'Zeitgeist Addendum'. Please, please, PLEASE watch it and tell me that's true! I saw it on YouTube. Serious, scary!
Are you saying that Ashraf does't know what he's talking about?
/
There is a right shoulder forming on the Dow Jones - Daily This will probably take some time to play out, but the index will be pushing down until at least around August time.
With my basic knowledge of fundamentals
Usd is anticapted to increase in strength
Dow to pull lower
Not sure what happens to Gold, but I'm thinking it should pull back with the USD strengthening
Oh, by the way -Xaron & Station thanks for the level on Gold. After you posted the entry I looked at it and from my 4hr chart it was extremly over bought. Traded with this in mind, but knowing you guys had shorted was also reassuring
is required ( as units of energy, for ex in BTU) to explore, to extract, to crack, to store, to transport to the end user? This net energy is amazingly bad for crude in fact only 22% that is
78 barrels of oil are needed out of each 100 barrels. More amzing it isn't much better for nat gas ( here, Russia draws down the statistics). That means, these fuels should be far more expensive than they are but this isn't possible. Consequently the profits of oil companies must dwindle. Btw wind energy has by far the highest net energy around 30%.
"The trigger for the latest move higher appeared to be an unexpected increase in new jobless claims in the US reported on Thursday. The worlds largest gold exchange-traded fund, the SPDR Gold Trust, on Thursday added 1.8 tonnes to its gold holdings to hit a record high of 1,308 tonnes.
Edel Tully, precious metals strategist at UBS in London, said it would be hard for gold to sustain prices above $1,250.
Current gold support is quite narrow, with physical safe haven buying lagging well behind that of May, she said, adding: A positive for gold right now is that scrap supply is scant, but we think this will increase at current prices, becoming more apparent next week as it feeds into the system."
Needless to say, the goldbugs on ZH have another view.