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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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lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 5, 2010 20:48
chole gold is dangerous if you want 2 short use sl no one knows what they are hiding as for me i short gold on 1155 and i am waiting gl
chloethebull
Canada
Posted Anonymously
15 years ago
May 5, 2010 20:33
ashraf im looking for a new trade an kinda have my eye on shorting gold..i didn;t cover my earlier shorts today im thinkn gold could drop to 1140..but i feel it is a bit of a wild card so not really sure how to play it..do u think gold will drop to 1100 befor we head to 1200 again..thanks gl
rim
Turkey
Posts: 121
15 years ago
May 5, 2010 18:27
Dear Ashraf ,

As you see Euro near at 1.28 but Gold still above 1160 ,How you explain this ?

Can you show us a chart on Euro / Gold Ratio ?

Thanks.
chloethebull
Canada
Posted Anonymously
15 years ago
May 5, 2010 17:47
i thought about long on crude but once it smashed through 80buk..i wasn;t touchn it..i hard for me to switch gears on my bearish outlook for crude..but it kinda made sence for oil to recover after falling over 7buks in 36hrs..gl to every1 with there trades..an always have faith in ashraf imt an tweets
Gunjack
London, UK
Posts: 1184
15 years ago
May 5, 2010 17:16
@Asad I can see where your coming from....If this Greece situation gets a suitable resolution ( and that's a BIG IF) and if we don't close below 81.7 in the short term (long term res is around 78) then it's not un-feasible for a move back up.
Personally I'm looking to start loading up longs the closer this gets to 78
asad
London, UK
Posted Anonymously
15 years ago
May 5, 2010 16:11
...but make SURE you've stop losses and limits in place. That's imperative...yet ignored!


Asad
asad
London, UK
Posted Anonymously
15 years ago
May 5, 2010 16:07
Gunjack,

No. Categorically. I'm building thin long positions even now. Those who've made a killing shorting oil...now's a time to risk some of the profits & go long.

It's like an American playing out a role of a Frenchman who's trying to be an American. This is how the market operates. Get it? ;)


Asad
Gunjack
London, UK
Posts: 1184
15 years ago
May 5, 2010 15:40
@Asad you should have stuck with your perma-bear views on CL...
montmorency
Abingdon, UK
Posts: 610
15 years ago
May 5, 2010 15:36
I like volatility too, as it provides the best trading opportunities.

Certainly been an interesting day on gold, although I don't think it is quite ready for the big sell off that @Lucky is expecting.

Interesting day in Euro and cable also.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 5, 2010 15:36
Watch russian RTS it is very good as precursor i am short on the euro traded rtx ( SE Vienna)
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