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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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asad
London, UK
Posted Anonymously
15 years ago
Apr 15, 2010 17:05
Gunjack,

I'm accepting bets from tomorrow. Make your muuuuuuvvvve.. :p


Asad
asad
London, UK
Posted Anonymously
15 years ago
Apr 15, 2010 14:54
Mont,

Loved you last sentence! :) To paraphrase you, it meant more than just words...


Asad
montmorency
Abingdon, UK
Posts: 610
15 years ago
Apr 15, 2010 14:26
@Asad: Re: Mr Vermeulen: Yes, but not before a pullback or pause:

"As for the current price of gold, I think we are about to see lower prices, or at least a pause, which will last for 5-15 days.".

Actually, that's exactly what we've had / are having really isn't.


Israel/Iran: Oh dear, I really hope not. I think it would have an effect on more than just the price of oil :-(
asad
London, UK
Posted Anonymously
15 years ago
Apr 15, 2010 13:32
Haitham,

I can't, & won't, give you points of entry & exit EVEN if I were 200% sure on it...and EVEN if you were in the money. That's a principle I adhere to.

Crude looks extremely strong here. But the -ve economic outlook provided by the ECB & the Greek bond failure may weigh in to pull crude lower. And if a Dow correction sets in, then it'll be a REAL feast for bears.

I don't know today, but can expect some weakness on Friday. Let's see...


Asad
asad
London, UK
Posted Anonymously
15 years ago
Apr 15, 2010 13:25
Gunjack,

Point taken. I never meant that crude CLOSED at 82.50. It was intra-day indeed!

I don't know about technicals, but fundamentals are STRONGLY pointing towards an upsurge in crude. No...not because of demand, supply & economic recovery...rather, an Israeli strike on Iran is geting closer & closer.

Latest news (rumors, you will) suggest that it could happen as soon as this summer!

Gun, HOW would you reward me if the made the FUN-DA-MEN-TAL shift of going long on oil...? :p


Asad
asad
London, UK
Posted Anonymously
15 years ago
Apr 15, 2010 13:21
Well, Mr Vermeulen (on of the Forum's benefactor's) reckons that gold is jet...set...go for 1500 in the coming months!

Hmm...


Asad
Moh'd
Dubai, United Arab Emirates
Posted Anonymously
15 years ago
Apr 15, 2010 11:06
@ Ashraf ,Forum.
Any thoughts on GOLD today ?
Gunjack
London, UK
Posts: 1184
15 years ago
Apr 14, 2010 19:17
@Asad it's not about being a bear or bull or having a go at anyone...A good trader rolls with the punches, it's about never being married to a position and price being king. Re: your point - CL never closed below 83.17 ( as per my earlier post today), it might have moved intra day to 82.4 but re-bounded sharply as the "bulls" to use standard lingo are firmly in control. Like it or not data is pointing to CL moving higher...And the speed of each re-bound upwards only shows the appetite to move this higher. I still stick to my earlier view posted at 10.38 GMT
haitham
amman, Jordan
Posted Anonymously
15 years ago
Apr 14, 2010 19:04
asad,tknks alot for your support and advaics,you still think there is chance to go down for may oil by this comming fraiday ,if yes at what rate shall i go out fm oil.
asad
London, UK
Posted Anonymously
15 years ago
Apr 14, 2010 18:11
Haitham,

First, did you recover any of your losses while the market was treading down to 82.50? Or were you waiting to recover EVERYTHING COMPLETELY at 80.50?

I'm asking this because EVEN if the market falls again, it wouldn't matter because you'd STILL be waiting for 80.50.

Me, personally, I recovered a well-previous loss (in profit, not principle!) by tripling down yesterday. I kept adding to my position as crude fell (& even during the multiple 100-pip volatility). In hindsight, you could've recovered by cutting your shorts above. Yes, it takes will...it takes money...but compare that w/ your position now!

Okay, there wasn't ANY big news for the traders to get orgasmic about oil today (if anything, not worth 86/barrel). 80, I don't know. But I believe it should be trading lower by Friday. Let's see.

Finally, I urge you once again to AT LEAST recover part of your losses while you can. Good luck...


Asad
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