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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
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montmorency
Abingdon, UK
Posts: 610
15 years ago
Oct 7, 2009 0:29
On not getting too carried away by the Gold rally:

Yes, I do not of course think this surge is sustainable in the short-term and fully expect a pull-back. However, it means the March 2008 high of ~$1032 has now fallen, and it will surely fall again before too long, even if we go right down now for a while.

This writer (http://www.safehaven.com/article-14342.htm ) argues that Gold is not really a commodity but a form of money.

However, in addition to that, I would say that the ebb and flow of the Gold price, __if_played_correctly__, could be the next best thing to a free cash machine.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Oct 6, 2009 19:22
AUD/USD seems to be consolidating for the moment, a little below that, as I write.

Ashraf,

In your interesting reply to xtrader on October 1st about bond yields, etc, is it only long-term interest rates we should be concerned about (i.e. Fed Target Rate or BOE Base Rate for example), or are overnight rates also a factor? Also (just to confirm) the _prospect_ of a future rate change is important, and not just an actual rate change?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 6, 2009 17:52
from my latest twitter update:

$AUDUSD stops below 0.8930 resistance $GBPUSD near session lows, so careful abt getting 2 carried away on this gold rally/dollar drop $$
chloethebull
Canada
Posted Anonymously
15 years ago
Oct 6, 2009 17:42
sorry ashraf i didn;t see the latest imt...thanks
montmorency
Abingdon, UK
Posts: 610
15 years ago
Oct 6, 2009 17:33
The gold move is astonishing really (even though I am essentially a gold bull). It seems we are seeing a little bit of history unfold before our very eyes.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 6, 2009 17:29
chloe see latest IMTs on gold and USDCAD

Ashraf
chloethebull
Canada
Posted Anonymously
15 years ago
Oct 6, 2009 16:36
ashraf...would it be wise to be cautious when adding usd...or look @ it as a buying oppertunity...the reason i ask is u used the word CAREFUL...an im unclear in the manner its being used...also what do u make of golds run?thanks for ur help an patients
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 6, 2009 16:08
USDCAD 1.0578 = 61.8% retracement. but could also look at 1.0526 which is 95 CANADIAN CENTS vs $1USD. CAREFUL, oil remains capped below the right shoulder resistance of 72.50

Ashraf
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Oct 6, 2009 15:17
hello Ashraf eur/usd and aud/usd not go down do u think it will touch your target 1.4500 and 0.8720
this week or not
thanks
chloethebull
Canada
Posted Anonymously
15 years ago
Oct 6, 2009 15:15
qin were ya @....ashraf we broke through 1.0580 were do u see the next support level being..thanks
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