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by Ashraf Laidi
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 Laidi
London, UK
Posts: 0
15 years ago
May 12, 2010 14:53
Gold has now hit new record highs against USD, EUR, GBP, CHF and even the Japanese yen. It has yet to regain its May 2009 high against the Australian dollar. XAUUSD oscillators are gradually stretching to overvalued territory. But as long as scepticism with the Eurozone plan remains synonymous with buying gold as a safe haven, we dont see any obstacle for $1,300 before quarters end. This would be especially the case as the Fed stands pat on interest rates.


Ashraf
ray
New York, United States
Posted Anonymously
15 years ago
May 12, 2010 13:27
Still not too late to cover, as gold continues to break to new highs. Looking forward short term to 1300 ,and longer term $3000. Enjoy the ride. No where to hide.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 12, 2010 12:11
asad
I use algorithms to determine entry I need hence to determine price of gold future ahead of the curve.
Now we have an gold expert Yan Bei Fei who must be given duly credit.
Nevertheless I am still convinced gold rush is a huge bull trap.
asad
London, UK
Posted Anonymously
15 years ago
May 12, 2010 12:08
Chloe,

Depends on what your leverage & margin is. If you're trading thin on gold, it's worth hanging in here. If you're heavy...well, gold is no one's b*tch at the moment. LIke we can explain the reason for it to go from 1180 - 1220 on Mon/Tue. But what's the reason for it to go to 1240 early morning?

I'm no expert on gold...but it's dangerous territory now. I'd make my moolah & head for the exit. Having written this, there's MORE chance of gold trading lower from here than going further.

But again, it depends on your leverage really...


Asad
asad
London, UK
Posted Anonymously
15 years ago
May 12, 2010 12:04
Guys,

Fresh rumors of a rate hike by PBoC could weigh on crude. This adds to the negative news! Will it trade lower of will they take us for a ride again,

Personally, I'm consolidating here & any drop in oil would be a buying opportunity for me...


Asad
chloethebull
Canada
Posted Anonymously
15 years ago
May 12, 2010 12:01
@asad , any thoughts on gold im short an wondering if its a good call to cover ann get out??its up 23buks already today an not sure if its gonna stop..ashraf not really talking about it so i think it might go higher...thanks an gl
asad
London, UK
Posted Anonymously
15 years ago
May 12, 2010 11:52
Lucky,

I thought you wrote a couple of days ago you were long at 75.25? Anyway, there is massive contango - $4 - taking place in crude...certainly because Cushings is gushing...and that oil tankers are rusting in the oceans. Storage has reached its limit, perhaps?

Interesting to see if this lowers in the coming days. If not, we're heading to 70...


Asad
asad
London, UK
Posted Anonymously
15 years ago
May 12, 2010 11:50
Catnip,

Was that an assertion, a premiss, an observation, a question or a reassurance?


Asad
lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 12, 2010 10:55
how are you guys i just want to say hello i thank god i left the market 2 days ago gold was 1202 and silver 1840 these business is bad and mad good luck see u guys later
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 12, 2010 9:33
Since I love theories I eventually figured out the price of gold future is not the real price of gold.
Rather the price of future could be calculated in the same manner as the option price premiums.
One could partially use Black Scholes differential equations however the basic measure is uncertainty
of calculating the value at risk of money. Thus I might investigate Bayan probability theorem to possibly achieve a measure of uncertainty.
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