Forum Posts by : asad (Forum Member)

asad

London, UK

Posted Anonymously

14 years ago

May 1, 2010 8:36

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

I don't know about the driving season or fishing season...but oil is set to explode (for the seventh time, I'm telling, I reckon) in May.

Note that the Obama administration's plans of offshore drilling have also taken a hit due to this latest oil spillover. Remember oil went down about three dollars when the drilling was first announced? So why not go up three?!

The Cartel has decided. Enough.

Juno, the ONLY chance i'd give NG of EVER going back to $3 is if the shale gas project is a ballistic success! But there's more there than meets the eye. NG is metals' equivalent of silver - highly valuable & underrated. It's the poor man's crude! It's out of ratio w/ crude...and just like silver (w/ gold) would love to get the ratio w/ crude right.

You'll be surprised how much NG is set to pump...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 30, 2010 8:52

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Well, I don't really believe in the oil spill theory! At best, we're leaking 5000 barrels/day out of the possible 86,000,000 consumed daily - that's peanuts. But what the market could/would be pricing at the moment is the potential aftereffects - this rig will be out for a long, LONG time & even other BP rigs will come under scrutiny from the Environment Deptt...potentially affecting BP's production in the US for some time (?) - of this spill. STILL, it's not large enough for oil to jump $4 in a day!

There are other reasons why oil is set to explode. I can confirm that the Cartel is collecting (not trading) oil. In fact, all energy. Watch NG creep up discreetly under the radar...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 29, 2010 15:20

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Okay...& leave the crappy handles, bars, sticks & graphs aside. HOW many times have I reminded you guys that markets & money RUN ON FUNDAMENTALS...NOT TECHNICALS.

Here's to your 'handle' Gunjack...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 29, 2010 15:18

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Gunjack,

There's a reason to it. I'll repeat for the nth time...oil is about to explode starting May!

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 29, 2010 11:59

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Chloe,

Explosion is ALWAYS outwards - implosion is inwards. Get it? :)

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 29, 2010 10:42

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Chloe,

Friday, maybe...but starting May, explosion!

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 28, 2010 22:30

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Chloe,

Oil going at this stage up has more to so w/ traders than w/ fundamentals. The way oil collapsed dramatically following the Greek downgrade...many bigwigs would've lost money 'up there. They're taking it up there, possibly, to reclaim their lost profits before collapsing crude again. That's my explanation...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 28, 2010 10:09

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Guys,

I don't see any wonder why gold prices jumped yes'day. It is, afterall, a safe haven, right? Sovereign debt, we already know...equities are on the edge...so who do you trust? USD, JPY & gold, ofcourse.

Oil, I believe, we're not done with. Seems v/ difficult that it will breach 80. In fact, I suspect, whenever things 'calm down', it may be progressing to its next level. Let's see...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 23, 2010 15:31

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

This HAS to be my most irresponsible trade - I'm totally NOT convinced that what the market will do. It SHOULD drop...but there's immense strength in crude...but the traders will play a game at the end...but I don't know.

But WHAT..??

Asad

P.S. Good thing is that I'm away from the platform for about three hours now...and WON'T be checking. let's see what luck has in store for me... ;)

asad

London, UK

Posted Anonymously

14 years ago

Apr 23, 2010 15:29

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Lucky,

TOUCH WOOD MATE!

I just shorted at 84.17... :) It's shit or bust now...

Asad

Posts by "asad"