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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)
 
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 26, 2010 16:05
@Himo: It's not for me to say. As Ashraf would say, I don't know your capacity for risk, etc.
However, in the intervening time, as you will see, we've had a bounce up to 1118 or so, followed by a fall to 1114-15. So if you are still wanting to short, you've got a better price now than earlier.

I have earlier shorts lower down still, and am still considering whether to add at this point or wait and see.
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 26, 2010 14:41
Eelman, Why is there always two sides of the story :) that also seems possible. The bradley stock model is calling for a turn in the markets next 2wks time. Too much to take is a for a young boy like me :0
Eelman
Maine , United States
Posted Anonymously
15 years ago
Feb 26, 2010 14:35
With better GDP it is also possible that investors will feel that gives the Fed reason to continue tightening an become increasingly hawkish. Which is usd positive, gold negative, equities down etc...
Pipster
birmingham, UK
Posts: 111
15 years ago
Feb 26, 2010 14:33
Sydney, you nearly sounded like Ashraf. hhmmmm :) - Thats a sound clear explaination. Easy enough for meto understand - cheers
sydneyjames
Sydney, Australia
Posts: 348
15 years ago
Feb 26, 2010 14:31
been reading ashraf's book lol
sydneyjames
Sydney, Australia
Posts: 348
15 years ago
Feb 26, 2010 14:25
the GDP is better than the expected, that would cause an rise in stock market ( S&P 500 and DOW JONES average), then there will be a increase in risk appetite, hence investor, speculator, banks etc will borrow money from the low yield currency ( USD and YEN) to carry trade, logically it will cause an decrease in USD and YEN and eventually an rise in gold price.
Xaron
Munich, Germany
Posts: 528
15 years ago
Feb 26, 2010 13:45
Yes, the only question is: How high will it go before we see 1025? ;) That's always the main problem. Look I can say for sure that the AUD/JPY will reach 100, the only question is, how deep goes it before?

But all in all Ashraf has a success rate which really scares me. *g*
sydneyjames
Sydney, Australia
Posts: 348
15 years ago
Feb 26, 2010 13:42
its all about a matter of time and a question of when. Be patient, time shall prove everything.
chloethebull
Posted Anonymously
15 years ago
Feb 26, 2010 13:17
@himo...ashraf has said nothing about bailing on his gold call 1025..i too have a average price around 1103..like pipppedoff said b4 ashraf is seldolmly wrong on these calls..just need to b a lil paitient an wait for ashraf tweets..gl today guys
Himo
Beirut, Lebanon
Posts: 64
15 years ago
Feb 26, 2010 13:09
Mont what do u think?? shell i wait??