Hi Casper, thanks for your comments. I went to GWU in Washington DC. University is helpful, but self-education and work experience is just as crucial, if not more.
Neal, UK economy has not yet reached bottom and further nationalizations will be negative for equities and slowdown any recovery in sterling. But considering the negative prospects for USD (see today's HotChart), we could be seeing a bottom at $1.35. More chances of selling GBP vs AUD and NOK.
Ashraf, What is your current view though 2009 of the UK economy and how it will impact to the pound? Also, what do you think about the current low rates of the majors across the board and what effect do you think it will have with rates so low everywhere? If you have written any articles on the subject please direct me. Enjoy your site! -Neal
Pawan, please read my recent articles about gold. Also go to teh HotChart section and see my charts on gold last week. It is all there. Please read the material that I write. I said gold is supported at $880 and dollar is up mainly due to money flowing into Treasuries. Ashraf
Hi Ashraf I have invested some money in Gold ETF and its not working the economic & financial principles. Where will the Gold head now??? It doesnt move up with the US downturn. US dollar is strengthening in spite of deep recession??
Thanks for your interest. I do have plans for Spanish translation but have not got around to it. I know it is an important language and I hope to make that happen soon.
Ashraf, has the book been tranlated to spanish by any chance, or at least planning to? Although my english is quite good, I dont trust myself completely regarding technical language. Anyway, ill probably buy the same... Thanks for your analysis.
Charles, my outlook for gold remaisn bullish, targetting $950 followed by 1200 later this year. As for what happened between noon and 1 pm yesterday, that may only be result of a one-time order by funds snapping up the metal ahead of the US announcement, which are increasingly seen negative for US budget deficit and the currency. Ashraf
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(2 years ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(2 years ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(2 years ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(2 years ago)
Ashraf
I look forward to tracking your articles.
-Neal
Ashraf
What is your current view though 2009 of the UK economy and how it will impact to the pound? Also, what do you think about the current low rates of the majors across the board and what effect do you think it will have with rates so low everywhere? If you have written any articles on the subject please direct me.
Enjoy your site!
-Neal
Ashraf
I have invested some money in Gold ETF and its not working the economic & financial principles. Where will the Gold head now??? It doesnt move up with the US downturn. US dollar is strengthening in spite of deep recession??
Thanks for your interest. I do have plans for Spanish translation but have not got around to it. I know it is an important language and I hope to make that happen soon.
Ashraf
Ashraf