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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)
 
rrose
United States
Posted Anonymously
14 years ago
May 13, 2010 1:49
catnip you work for a bank? nice how do i get a job with this kind of work?
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 13, 2010 0:17
please every body be carefull gold tried for third time after all time high to break 1235 these is a sign they want us to go long to play their game in my opinion
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 12, 2010 23:53
asad good luck i will be focusing on long oil now adays to recover what i lost with any opportunity for long usd aginst cad below 102 and long usd againt jpy at levels of 89 if it is seen again and shorting silver around twentys these my moves for at least 1 month i keep away from euro and pound gl
lucky
Nigeria
Posted Anonymously
14 years ago
May 12, 2010 23:45
when gold made 1170 it retreat to 1124 later when it reached 1192 it retreat to 1156 later to 1213 it retreat to 1184 and now since it moved to 1248 it can easily go down between 20-30 dollars these my believe gl
asad
London, UK
Posted Anonymously
14 years ago
May 12, 2010 23:38
Gunjack/Lucky,

The Cartel is was consolidating its oil positions until the crash-bang of May 6 happened! And then a few bearish sessions followed. We all read hoe they've made huuuuuuuuuuge profits this Qr. They've started consolidating again (at least one biggie I know of).

If my source is correct, this would be the last time we'll be seeing early-70s for a long time. Lucky, I'm following EXACTLY your strategy. I've made my money in the months before - now I'll be buying all the way down to 70 (if it goes there i.e.), taking little positions...and consolidating for that 85-90 mark...


Asad
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 12, 2010 23:18
@Lucky: Had my doubts about that short you took, but (without knowing your exact entry) it should be somewhat in the money as I write this. Don't know about 1226 though.

Now they've pushed it up this far, surely it's going to turn again and reach, and exceed, 1250 before very long.

chloethebull
Canada
Posted Anonymously
14 years ago
May 12, 2010 22:45
i agree with the statement about pl saying oil was goin to 90-100bl then to see it collapse 12buks..i know gold can easily drop 60-70 buks in 1 day let along having multiple decline days ..bringin us to sub 1100..an im willing to bet we will see that # soon...i could be dead wrong but i think we will be runnin outta buyers at this level..with the uncertainty an volitility i doubt theres many willing to continue putting there $ on the line..its easier an less risky to have it fall 140buks than to push it up another 140..ok gl guys those who are short gl extra lol
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 12, 2010 21:09
i am not sure if these people went long on these price before closing or placed orders for long keep watching
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 12, 2010 21:05
i am doubting if gold can continue rally because between yesterday and today close only 7 dollars is the difference i dont know what s the sign it can be weakness is there any advice please
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 12, 2010 20:52
Since gold appears only to be bought with EUR it could be - if it is not what it most probably is, a big bull trap - that some expect a credit crunch in eurozone and hord minted gold as cash in case of bank holidays coming. Otherwise the gold rush doesn't make sense. With that abyss of debt the probability of deflation is 10 times higher than that of inflation.