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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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amg
Oklahoma, United States
Posts: 38
14 years ago
Mar 8, 2010 19:19
Asad, is good to see you back again. Do you have any opinions on oil? Do you see it pushing back to 85? or do u think it will fall before reaching that level?
Thanks!

AMG
rrose
United States
Posted Anonymously
14 years ago
Mar 8, 2010 19:15
the point between uptrend line and down trend line comes in at about 1113-15 might be a good place to exit and reenter at a higher price .comment please.
asad
London, UK
Posted Anonymously
14 years ago
Mar 8, 2010 19:06
Pip,

There you go! I just came here to ask the same question.

I'm contemplating expanding my portfolio by adding silver. Doesn't seem like a good point to enter - ideally around 15 and BEST around 13 - but then...no, again, not good to enter. *heheh*

Silver, interestingly, is a MUCH better (& u/valued!) investment than gold - it hasn't risen by the same ratio as gold in the last five years. And then, silver has utility that gold doesn't!

Asad


P.S. Ashraf, what do you think?
Pipster
birmingham, UK
Posts: 111
14 years ago
Mar 8, 2010 15:53
Ashraf,

Can you advise on Silver please.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 8, 2010 15:53
@Pipster I tend to use the simple moving averages (200, 120, 50, 20) quite a bit along with the candle patterns. For me the these moving averages usually work well as support/resistance points. On the 4 hr chart we are currently trading below the 20 period sma. If we get a close below there the next support would be the 50 sma around 16.70. I am short off that bearish engulfing (along with the swift move down in gold) @ 17.33.
Pipster
birmingham, UK
Posts: 111
14 years ago
Mar 8, 2010 15:43
Hi Eelman,

I'm still learning the candles and getting to find the subtle signals. I'm only getting to grips with flags and wedges. I've gone short at 1730 on silver based on the 4hr chart which shows a rising wedge. ( Hope i'm right). With what you mention this could support my short position.

Also on the daily chart the stocastics are crossing over- more bearish signs.

Your help on this trade would be really helpful as it is the first time i'm trading silver.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 8, 2010 15:36
What happened to rkkashmir?? Did he feel it was time to crawl back into his hole with gold @ 1124?
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 8, 2010 15:16
Bearish engulfing candle on 4 hr silver chart. Still has to break some supportive moving averages in several timeframes though. If it drops through 17.20-25 there should be some room for a nice fall.
chloethebull
Posted Anonymously
14 years ago
Mar 8, 2010 15:09
i kinda like when correlation get seperated ..i think its a sign of a shak-up by the big boys trying to make a mover ahead of the lil guys ..a lil confusion could be a good things...gl
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 8, 2010 15:07
Fed indicates slow tightening, creating some downside in gold.
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