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by Ashraf Laidi
Posted: Feb 23, 2010 18:53
Comments: 201
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This thread was started in response to the Article:

Gold Catching Down with Euro

Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
 
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montmorency
Abingdon, UK
Posts: 610
15 years ago
Mar 1, 2010 17:11
I'm short from 1120 (I left an order and I wasn't able to watch it; if I had been able, I might have nudged it to get in a bit higher. Still it has been briefly in the money already and I hope will be again... :)
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 1, 2010 16:38
Gold touches 1120. Next stop 1123 which enters the 1123/1130 SHORT ZONE.

Thank you RBA, THANK YOU!!!
klevera
seoul, Korea Sout
Posts: 51
15 years ago
Mar 1, 2010 16:26
It seems like 1110 is the great wall....lets see how it plays out
PippedOff
Canada
Posted Anonymously
15 years ago
Mar 1, 2010 15:31
It appears Soros truly believes Gold is in a bubble, as someone continues to sell into any Gold rally! Where are all the Gold bugs? Most of the NEWBIE BUGS bought between 1145 and 1210, and are clamoring and begging and praying for Gold to get back to their break-even so they can dump.

The NEWBIE Bugs were busy overpaying for equities between DOW 10k and 14K all those years when they could have had Gold for $250 an ounce for a decade. They wait to buy AFTER the $1,000 point (400% move), then get stuck holding the bag. Now they are everywehere telling everyone Gold is going to $3,000 tomorrow and you better buy so you can join them in their misery.
rim
Turkey
Posts: 121
15 years ago
Mar 1, 2010 14:09
Dear Ashraf ,

What you expect tonight on RBA rate decision ? Will it remain same or increase again ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 28, 2010 0:56
1117 and 1133 gold are key. main reason EURUSD held up was on SPECULATION that germans will buy greek bonds. main reason gold was up was SPECULATION chinese bought gold.

Let us see

Ashraf
Qiman
United States
Posts: 237
15 years ago
Feb 27, 2010 1:35
Thats odd, I just copied and pasted the link into my address bar and it worked perfectly, maybe the site was temporarily having problems?

Yes, in his book Ashraf mentions this phenomenon, now the question is how long does it last this time and how effectively can we use this pattern to make more money!
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 27, 2010 1:31
[oops I mean go to //www.marketwatch.com then use the search - sorry]
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 27, 2010 1:29
I could not get direct link to work, but go tohttp://www.marketwatch.com/story/ and
use search on "Gold breaks the rules".

By the way, Ashraf's book tells us about various periods in history when this sort of correlation has (temporarily) broken down, so we should not be too surprised.
Qiman
United States
Posts: 237
15 years ago
Feb 26, 2010 23:41
"We are so used to looking at gold rising when the dollar falls that the concept of gold rising when the dollar rises seems to break the rules," Julian Phillips and Peter Spina, editors at GoldForecaster.com, said in a weekly newsletter sent Tuesday.

This is from a good article on Marketwatch: Gold breaks the rules
http://www.marketwatch.com/story/gold-breaks-the-rules-2010-02-26?dist=beforebell
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