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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)
Can you please explain why gold is going up?? !!!!!
I am short gold because Germany has now bartered each and very chance thus ECB will do preventive QE
I don't see any wonder why gold prices jumped yes'day. It is, afterall, a safe haven, right? Sovereign debt, we already know...equities are on the edge...so who do you trust? USD, JPY & gold, ofcourse.
Oil, I believe, we're not done with. Seems v/ difficult that it will breach 80. In fact, I suspect, whenever things 'calm down', it may be progressing to its next level. Let's see...
Asad
I will post an IMT on gold shortly
Ashraf