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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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chloethebull
Posted Anonymously
15 years ago
Feb 25, 2010 19:10
has china comfirmed this rumour?
Rob
New York, United States
Posts: 305
15 years ago
Feb 25, 2010 19:09
The World Gold Council doesn't seem to think China is a candidate for IMF's reserves... http://www.businessweek.com/news/2010-02-22/china-isn-t-a-realistic-candidate-for-imf-gold-council-says.html
chloethebull
Posted Anonymously
15 years ago
Feb 25, 2010 19:04
@pabloc..of course i post right after ashrafs imt..lol..but thanks for pointing it out ..all the best..gl
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 25, 2010 19:00
Another great comment at Zerohedge, to article:
http://www.zerohedge.com/article/meet-new-regime-gold-and-dollar-coincident

"The statistical insignificance of this post is overwhelming and mind-numbing. Data mining on 13 days of data. You can show pigs flying more scientifically."

LOL!
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 25, 2010 18:50
And I'm at 1101 and 1106...I was skeptical about the China/IMF story ... hey ho.

See the latest IMT ( February 25, 2010 18:23 GMT ):

"A close above 1109 in gold could extend upside towards 1117.".


I'm wondering why China would buy gold now when it can produce gold of its own?
http://en.wikipedia.org/wiki/Gold_mining_in_China


Why not wait till it gets even cheaper if it does need to buy?
Is this a goldbug-inspired rumour...?
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 25, 2010 18:47
I hope all my dear friends here used limit orders to close out some or all their Gold. This could get painful.
Pabloc75
Buenos Aires, Argentina
Posts: 16
15 years ago
Feb 25, 2010 18:40
@chloe take a look at Ashraf's latest IMT
"Gold, however, recovers after 3-consecutive daily losses on reports that China will buy the IMFs remaining 200 tonnes on sale by the IMF. A close above 1109 in gold could extend upside towards 1117"
Regards,
chloethebull
Posted Anonymously
15 years ago
Feb 25, 2010 18:31
i closed out all..but re-entered around 1095-1102---then the news hit..lol..but im looking to get more at these levels..ashraf hasn;t commented so we stick to the plan an excercise acct/margin maneg..gl pl(pippedoff have u begun to take up a short position yet)
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 25, 2010 18:27
1108.50

Hope some of you had the good sense to close below 1100 so you can reshort at 1111.
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 25, 2010 18:07
nope-everything passes within a day.
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