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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8904
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Apr 25, 2010 21:38
I wonder how can price of physical gold fluctuate at all? Physical gold is supposed a real money, not a paper money asset. Imo the sometimes rather heavy fluctuation of gold futures has nothing to do with physical gold but with gold ETFs. You cannot buy physical gold such as bullion or gold coins with a click on the buy button but one can trade ETFs that way. So I think there is far more money going in and out of ETFs than there is supply of physical gold. This adds a lot of volatility to gold futures and trading gold futures becomes more like a lottery because demand supply plays no role anymore. I see a danger if
it turns out some ETFs are fraud i.e. are not backed by physical gold but only by gold futures. Then I think if such fraud is discovered gold futures should crash.
chloethebull
Posted Anonymously
11 years ago
Apr 23, 2010 20:44
i agree, the longer they hold up the markets the harder it will fall...but at the moment they are able to push it higher..when u have the ability to print tons of money u can afford to inject as much into the markets as u like...like i said this is a wall street recovery an not main street ..the average joe will not see any recovery for a very long time..but wall street don;t need the average joe it only cares about the $$ going into its own poket an could careless about any recovery an obama is the same way..only him an his buddys is what he cares about..gl have a nice weekend
lucky
ibadan, Nigeria
Posts: 377
11 years ago
Apr 23, 2010 20:32
chloethebull sending the market higher and higher means its going down to fast remember crude reached 87 and then saw 8050 same for gold 1170 then 1124 silver 1866 than 1750 etc . . .
chloethebull
Posted Anonymously
11 years ago
Apr 23, 2010 20:25
pushin things higher higher..look at the s&p go...sending out a very strong messeg ..things are goin alot higher in the next few mths..gl
said
mulhouse, France
Posts: 2822
11 years ago
Apr 23, 2010 17:58
ASAD

my 70 call for schlumberger has broken the roof
as for my return from gatwick each time i come back from london i am among the one tested for TNT
jsut wondering if its not dutch postal deregulation or Global tactical allocation fund from kemp but anyway that really begins to piss me off
my 70 was reached and i am happy if some has followed my advice.
more to come
chloethebull
Posted Anonymously
11 years ago
Apr 23, 2010 17:20
i don;t see any reason for any pullback today..leaving $$ on the table sets a stronger messeg that things will continue up next week helping restore confidence in the markets...gl next week all
Gunjack
London, UK
Posts: 1184
11 years ago
Apr 23, 2010 17:11
@Lucky there might...(and I mean small might here) be some profit taking at COB so we could see it track down, but I wouldn't go all in by any means
lucky
ibadan, Nigeria
Posts: 377
11 years ago
Apr 23, 2010 16:16
oil is going down dont worry keep patient
chloethebull
Posted Anonymously
11 years ago
Apr 23, 2010 16:14
asad are u puttin in a sl on ur oil position ?gl thanks
lucky
ibadan, Nigeria
Posts: 377
11 years ago
Apr 23, 2010 16:03
chloethebull i prefer silver 1820 then gold