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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)
1. Mondays moves cannot usually be explained.
2. anybody who pretends to have an explanation for a move EVERY DAY cannot be trusted. Any basic book of Intl finance tells you FX and metals is surrrounded by hedgers speculators, banks, Treasurers, futures/options traders, prop accounts, M&As etcc + the central banks & Supranationals. how on earth can someone identify every daily move in explaining the reason?
Ashraf
GLD WOULDNOT REACH 1170-75?
AN ANSWER WOULD BE WELCOME
http://articles.moneycentral.msn.com/Investing/currency/why-the-fed-wont-stop-printing-money.aspx
Is VIX below 20 yet? FEAR? WHAT FEAR?
BUY STOCKS!
Plus, GBP was crushed for 500 pips today ALONE. There should be some consolidation before the next shoe falls. Will it be the PIGGIE EURO or TRASH CABLE?
I will be shorfting Aussie pre-RBA if gets into the high 0.90z pre-RBA. Othwerwise I will wait to post-RBA to short the Overvalued Aussie! It's amazing how the Yield Ho'z in this nworld buy, buy, buy Aussie for the yield, regardless of the potential; for a HUGE decline. I guess that 3.25% yield differential will protect them from 10/15% losses, lol!