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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Gunjack
London, UK
Posts: 1184
14 years ago
Apr 2, 2010 12:02
Ashraf could we get your view on Copper...it's seems to have been on a tear recently...Thx
chloethebull
Posted Anonymously
14 years ago
Apr 2, 2010 2:48
i closed out my gold shorts an can;t beleive the possib chance to enter @ this level...this will be the best short position trade ive done...thanks ashraf for the great analysyts
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Apr 2, 2010 2:33
I persaonlly now would be a good position to go short
chloethebull
Posted Anonymously
14 years ago
Apr 2, 2010 1:49
i also meant to say ..the markets finished very bullish today an nfp are leaning towards being market pos an usd neg..so again...why would some1 run the risk of getting squezzed on there shorts position going into a volitile nfp..unless the 40-f forms were bad..which i don;t know due to not seeing the report myself..but i know cameco is very liquid to the markets an if the markets rise further cameco will gap up soo fast...just don;t make sence..im very suspicious...gl all
chloethebull
Posted Anonymously
14 years ago
Apr 2, 2010 1:33
@ forum, mayb u guys can help me out on this situation...today cameco(cco) was brutally beaten down to 26.80(-5%)..while most uranium stocks rose..apparently they submitted annual 40-f form to the us gover..so i thought it might be a short squezze but covered by the end of day..which it wasn;t an cameco finished near the low...so my problem is.. who in there rite mind would leave a short position on the worlds biggest uranium producer goin into a long weekend,nfp due tomor,an markets closed but fx trading open...is it possib that markets sell off regardless of the data an thats why cameco shorts not covered??if we get a rally in usd would the markets gap down on mon due to being closed tomor..thanks for ur thoughts gl
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 1, 2010 18:16
USD weakness prompting broad rally in commodities so oil traders will want to retest 86. But i would not buy anything here above 85.

Ashraf
chloethebull
Posted Anonymously
14 years ago
Apr 1, 2010 15:32
@forum, what does every1 think earning will be like in coming weeks?i think there gonna be terrible..due to the fact past earnings are made off firing an layoffs..now that card has been played i wonder if companys will be posting great results..look @ rim..they missed ..is that a preveiw of things to come..i hear some gold producers production cost are up as well....gl all
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Apr 1, 2010 13:12
maybe this is a short covering rally as most stops would have been around 84 and higher. It is easier to run stops in thinner markets. could collapse quite quickly in a day or two
asad
London, UK
Posted Anonymously
14 years ago
Apr 1, 2010 13:02
Chloe,

In & out...basically, day trading. But yeah, I've left some minimal positions floating in expectations of a downfall. Theoretically, even if I was stopped out somewhere, it would only be a loss out of the grand haul made within the last two weeks! :p

I'm REALLY tempted to open a short at 84.50 - mnd you, today's Friday...and these guys (the US guys, I mean) would NEVER leave themselves exposed to FOUR days of holidays...


Asad
chloethebull
Posted Anonymously
14 years ago
Apr 1, 2010 12:42
@asad, have u been adding or are u out?i been adding but i haven;t since we crossed over 84..gonna wait a bit a keep some powder..ya it will be nice once we start heading down to 80 buks..gl today
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