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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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Karan
Singapore, Singapore
Posts: 83
14 years ago
Mar 2, 2010 18:35
@chloethebull....hi chloe...are you still short of your gold positions or are you out yet?
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 18:21
coming up on cnbc is special interveiw with k.c fed hoenig with steve leasman..hopfully this is our break we needed to stop the buying of gold..gl all
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 2, 2010 16:42
warning on CAD: WEATYHERMAN ANALYSTS out pounding the table, says parity by summer in USDCAD. BOC will embark on a series of interest rate hikes similar to Aussies. There is one difference however: BOC does NOT want a strong loonie, unlike Aussie, where it is a matter of National Pride for Aussie to continue higher.
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 15:04
@karen...no im not touching anything ..its all about a nice coushion of free equity an mayb saving a lil powder for when we hit the bottom...no more catchn falling knifes for me...gl all
Karan
Singapore, Singapore
Posts: 83
14 years ago
Mar 2, 2010 14:58
@ chloethebull i know chloe tell me about it. this gold rally has been sparked by that ludacris rumor of China acquiring gold from IMF and George Soros's comments. Lets see how far it goes. I do believe that before the end of the week it should retreat slightly. Are you still looking to pick up more shorts?
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 2, 2010 14:56
I went long EUR/AUD now at 1.4995 with a stop at 1.4950. I think the Aussie will tank the next days where the Euro looks like it stabilize a bit around 1.35/36.
Rob
New York, United States
Posts: 305
14 years ago
Mar 2, 2010 14:39
Hi Ashraf,

I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 14:39
@karen..only thing we have going for us is ashraf hasn;t changed his target price on gold..gl
Karan
Singapore, Singapore
Posts: 83
14 years ago
Mar 2, 2010 14:33
yes chloe im feeling particularly unsure of gold. my avg price is 1105! lets hope its not consolidating.
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 14:31
@karen...i think my average price is around 1107....not feeling good about gold ..i think consolidating an gettin ready to push a lil higher..i hope im wrong...gl karen
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