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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)
Is anyone still short Gold
Thanks brybs for the confirmation
EIA crude oil stoks plus 7.3 M , euro down and wti isn"t under 80 ??
Ugly manipulators !!!
Who play wti from ice quotes ??I saw a big down spike to 79.80 , then 81 and now aproximative 80.65...
Was real or a stops hunting from my mm broker ?
So , anybody ??
Thanks
EXACTLY! That's EXACTLY what I noticed as well. Dow leapt & bounced towards 10,900 while oil & gold remained range-bound b/w 81.20 - 81.80 & 1101 - 1105, respectively, for most of yesterday.
Shows us that the commodities, esp/ oil, is ready to plunge on the slightest sour note in equities. Another reason for oil's disproportionate movement yesterday was a reported increase in oil inventories (btw, enery stocks traded lower on the Dow).
I'm expecting sub-80 for oil today. If not, then certainly Friday close. Otherwise, Goldman knows best...
Asad
or arewe having 3.80-70 before it bounce back
i gavce a call last weeks on natgas at 4.5 ; reachable?