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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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rrose
United States
Posted Anonymously
15 years ago
Mar 17, 2010 21:53
i went long at 1119 resistance line and just went short here at 1125
said
mulhouse, France
Posts: 2822
15 years ago
Mar 17, 2010 19:51
@qiman

another rare thing is a crow protecting a grain silos

Deflation the word not to say
said
mulhouse, France
Posts: 2822
15 years ago
Mar 17, 2010 19:43
@qiman
agree but we r not here to change the standard oil
Qiman
United States
Posts: 237
15 years ago
Mar 17, 2010 19:43
@RRose--regarding gold. We don't always know why. When I started trading in the mid-90s I was very concerned with understanding why, now I focus more on actual price movement. The why can be exceedingly complex at times, so many energetic inputs. Perhaps in this situation short-term holders of gold have been happy to sell into any small rally, having made out quite well on yesterday's rally. In any case, not enough buyers have come into the market today to overwhelm the sellers. Not enough traders believed there was substantial potential for the price to rise, or they would have piled in once again. Might go up tomorrow for little apparent reason, but Momentum in gold can stop suddenly and consolidate for days or weeks. In addition, in the short term there can be more randomness in price movement than most traders would like to admit. Some traders make money off of random movement, but it is rare. Just one more reason 90% of traders lose money.
Qiman
United States
Posts: 237
15 years ago
Mar 17, 2010 19:37
@said
Sorry, not into harry potter at all.
Running short of time to discuss this further, but quickly: As the world's last superpower, in military terms it is disastrous that much of the oil the US needs to run its economy and military must come from overseas, supply routes can be interrupted, regardless of who owns the drilling rigs. In the event of a WWIII, this dependance could be fatal. Also, importing so much oil is a major cause of the foreign trade deficit. And why be so subject to the fact that even a small supply interruption, say due to Nigeria chaos, can cause oil prices to go up drastically. With huge natural gas supplies available, the US could eventually be in much stronger geopolitical position.

rrose
United States
Posted Anonymously
15 years ago
Mar 17, 2010 19:35
i still see it going down it held 1134
said
mulhouse, France
Posts: 2822
15 years ago
Mar 17, 2010 19:28
rrose
ur back

i already said that i expect a support at 1110 1115 for gold then i maintained my target of of 1180
rrose
United States
Posted Anonymously
15 years ago
Mar 17, 2010 19:18
said what is your take on gold now
said
mulhouse, France
Posts: 2822
15 years ago
Mar 17, 2010 19:14
@qiman

harry potter and the word not to pronounce. "scaling down the securitization"
radu
bucharest, Romania
Posts: 203
15 years ago
Mar 17, 2010 18:50


Hi Rrose ,

Because Ashraf said soooo....:).....
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