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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)
I am sure we'll see massive gold selloffs from Russia CB and European national CB very soon.
I think gold could fall below 1000 targeting 960.
Beware Russia which has nothing but commodities no competitive industries may be forced to sell gold at any rate. It is obvious there is a vast lack of money that is deflation and commodity prices will collapse that will kill Russia. I wait gold bounce off 1200 but so far gold holds below 1200 I will go short russian RTS now.
Got some money for my cigarettes :)
Thanks for your thoughts
Conditional order placed
GL