Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Mar 23, 2010 16:38
Comments: 207
View Hot-Chart
This thread was started in response to the Hot-Chart:

Gold & Silver's Dead Cat Bounce

 
macrosam
United States
Posts: 190
15 years ago
Apr 16, 2010 20:03
I am confident most here know of John Paulson's new gold fund and the apparent buying he has been doing over the past few months of the precious metal. Should John Paulson come under any SEC scrutiny for his role in the Goldman fraud charges, one would have to suspect that his investors would be quick to liquidate their positions in his funds, for example, like his well-marketed and presumably popular gold fund.
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 16, 2010 19:41
I am short Euro banks now. A correction is due. El captain Blankfein will find a way Deutsche etc. are the cuplrits not GS and not JPM. I would not short DOW. DOW will recover up to 11300 and then fall very hard. Remember I said if China sneezes stocks & hard commodities go to emergency with pneumonia 3 to 4 weeks later.
asad
London, UK
Posted Anonymously
15 years ago
Apr 16, 2010 19:33
Lucky,

True that you've been warning of a possible correction since April 9. But tell me ONE individual interested in finance who HSN'T been SCREAMING 'correction' since Feb 9?!


Asad
palopes
Luanda, Angola
Posts: 3
15 years ago
Apr 16, 2010 19:23
Hi Ashraf Laidi
Pease coment the follow (discount i'm a newbi)
1 - I see a inverse H&S patern in Gold (xau/usd).
2 - Maybe buy is a good option.
3 - I see strenght in usd.
4 - The correlations betwen usd and gold are negatives.
What i'm seeing wrong?
Best Regards
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 16, 2010 19:11
Lucky, read my IMTs on thios webiste and my tweets and you will KNOW WHAT HAPPENED today

Goldman, consumer sentiment etccc

Ashraf

lucky
ibadan, Nigeria
Posts: 377
15 years ago
Apr 16, 2010 18:58
please ashraf i want you to comment on what happened today i think thats not technical
lucky
ibadan, Nigeria
Posts: 377
15 years ago
Apr 16, 2010 18:43
i think that on 9 april i told every body to be ready for correction any moment from now this is the beginning remeber those people are thieves just notice from where they bring goldman sachs matter and you will know what i mean
dinna09
Colombo, Sri Lanka
Posts: 7
15 years ago
Apr 11, 2010 21:04
GOLD SUPPLY & DEMAND TRENDS
TONNES FORECAST Comments
Supply 2008 2009 Growth % 2010 Growth %

Mine supply 2,356 2,432 3.23% 2,435 0.12%

To be reviewed with actual for the first qtr based on WCG reports

Scrap recycling 1,185 1,408 18.82% 1,500 6.53%
Scrap supply to reduce due to low prices this qtr
Hedging 33 38 15.15% 20 -47.37%
Central bank sales 298 351 17.79% 260 -25.93%

CBSL sales to decline this year

Total supply 3,872 4,229 9.22% 4,215 -0.33%

Supply to decline if scrap supply and CBSL sales decline ,out put from mines
Demand
Jewellery fabrication 1,976 1,798 -9.01% 1,600 -11.01%
With china being the number one consumer followed by India (Share more than 35% of world population with GDP forecasted to grow in year 2010 by 10.1% and 8.5% one would expect jewllery demand to grow during Festival and wedding seasons.

Legal tender coins 201 215 6.97% 201 -6.51%
To remain if investment demand grows and prices remain low
Electronics 422 366 -13.27% 390 6.56%

Industrial demand likely to remain stable this year with expected global economic recovery
Other end uses Industrial demand) 313 284 -9.27% 250 -11.97%

Do Do

Etfs 320 576 80.00% 700 21.53%

Could increase if inflationary expectations grow ,along with expansionary fiscal policies across the globe and china launching gold based products with WCG

Central bank purchases 191 380 98.95% 250 -34.21%

CBSL would remain net purchases of gold this year
De-hedging 374 229 -38.77% 120 -47.60%

To decline

Total demand 3,797 3,848 1.34% 3,511 -8.76%

Demand could increase if supply decreases and jewllery demand grows

Residual (surplus/deficit) 75 381 408.00% 704 84.78%

Source -Fortis Virtual metals group while comments made is based on historical analysis of market and past trends.
Actual data to received from World gold council for this quarter
will provide more in sight and direction to gold prices in the ensuing quarters
Current positive correlation ship of gold with equities market world wide and negative correlation ship with EURO/ US dollar will impact world prices as well.
Cost of mining gold per ounce at present is USD 800 per ounce while India puchassed 200 tons of gold at USD 1,040 and ounce from IMF in Dec 2009.
Appreaciate your views on above Ashraf and the rest thanks
lucky
ibadan, Nigeria
Posts: 377
15 years ago
Apr 9, 2010 20:56
happy new year dow is 11000 prepare for a correction aany moment from now
lucky
ibadan, Nigeria
Posts: 377
15 years ago
Apr 9, 2010 20:16
please every body keep patience go short they will come down remember 4 feb 2010 ! those people just waiting for excuse to selloff and bring the market down