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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 12, 2013 0:18
"Inverted" ABC--wassat ?

ABC pattern can be bull or bear mkt correction, not like H&S stood on his head for inverted H&S
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 11, 2013 14:09
In reply to DaveO's post
I favour more upside to one of the extensions
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 11, 2013 12:21
GC made pattern symmetry target, reaction as expected. A move below 1207 would suggest an ABC corrective completed. Current 1282.
numbnuts
Melbourne, Australia
Posts: 0
11 years ago
Jul 11, 2013 7:17
The current pullback in gold is a result of artificial forces manipulating demand, as the article states. It feels nothing like a bursting bubble or even a natural correction in fundamental value. For two years I have been warning people off gold, calling it a huge bubble. Now people pat me on the back and thank me, though I have a growing suspicion that my prediction was wrong - or at least misguided. Interesting that Jim Rogers has a similar attitude.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 23:22
In reply to Ashraf Laidi's post
Yes amasing how he managed the call, his answers do not exactly instil confidence.
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Jul 10, 2013 16:52
Interesting how Rogers got it so accurate

http://www.businessinsider.com/jim-rogers-gold-complicated-bottoming-900-1200-2013-7


Ashraf
Qingyu
manchester, UK
Posts: 1763
11 years ago
Jul 10, 2013 12:48
In reply to DaveO's post
115 oil...china must land on their face...

btw, current hard landing talk about GDP below 7%, but i think real hard landing should below 6%.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 0:45
Gold GC. Looking like ABC up in progress but need to see break above 1267. Symmetry would be at 1295, extensions at 1317.63 or 1347.86.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jul 10, 2013 0:40
George, I'm expecting 110.50 to be tested and broken and then on to 115. Current move on daily looks like W.3 in progress from the 85.60 inverted head low, probably 3:3 now in progress (impulsive nature). ST resistance c.106
Qingyu
manchester, UK
Posts: 1763
11 years ago
Jul 9, 2013 12:52
ICBC said today, 23/JUN default & ATM problem caused by IBM tech issue, and IBM confirm that.

insider said, they blur management failure to tech issue, ICBC fail use backup at first time, and cost unbelievable long time to recovery.

so, the fact is ICBC cook the book.
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