This thread was started in response to the Article:

Loonie's Falling Downside by: Ashraf Laidi
Posted: March 2, 2009 ET
Comments: 22
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New to your site - appreciate your commentary. Well, I'm favouring the NOK now - but think I should bite the bullet and trade GBP.NOK now or hold off on the off-chance of a little (last gasps) strength in the ?

Hi ROb, Im still looking for gold to hold at $880-885. Current rally is helping financial stocks, which have been a main force in boosting gold as they were falling. Depends on your margin requirments and so on. But medium term outlook for stocks remains challenging but positive for gold.

Best

Ashraf

Short term gold targets would be appreciated as well - thanks a lot Ashraf

Hi Ashraf,

Thanks for the many great calls in the past few days (NOK, AUD, CAD). With a potentially large bear market rally brewing, risk appetite rising, and psuedo market(s) stability, do you still see Gold holding up at $885? Thanks

Mohammed, yes, let's start off with 1.34 first.

Francis, my views on teh stocm market are all over this site. Start with the article on the Equities/Gold ratio. AUDUSD's downside is more gradual than NZDUSD or GBPUSD. Considering my forecast for another 15-20% drop in equities, we could the Aussie low at 0.61.

Ashraf

Hi Ashraf,

Want to know your viewpoint about AUD/USD, It's seems Technical surface at 0.6350-80 Area Was coming recently resistance. Although the fundamental plane aspect populace commodity's sliding to has had certain influence to the economic aspect.
But looked from the medium and long-term Whether is establishes the cash to be relatively ideal and a safer spot !?

in order to the AUD/JPY as (Aussie's Risk-Based Bounce) hotchart told us if the stock markets Stops falls, and reverses in a short time, Then it rises the scope should be able a more ideal matching, 61.50 Place above Whether Will become an admission the opportunity ?

Finally also wants to listen to you to US stock market short-term some viewpoints.

many thanks

Hello, Ashraf,
I read Your article (Loonie's Falling Downside)
Do you mean the Usd/Cad Go to 1.3616 ?? in weakly chart

Hi John, please look at my latest HotChart today on GBJPY. Thanks

Ashraf

Hello, Ashraf,
It is alway a pleasure to watch your shows on CNBC etc. Do you still think GBP/JPY would come back down to test 120 lows. The daily chart study shows a strong uptrend.
Thank you for your advices.

Hi Hamish, you remember my presentations at the Vancouver office last year and how gloomy they were. I was calling for 800 S&P when it was at 1200s. Now things look less clear, but I expected the next downleg to intensify in mid-late Q2.

Ashraf