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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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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 17:07
Lucky oil broke below 70 following weak Empire state reading. Where sl? I am afraid if gold breaks below 1200 oil could drop 60. Copper tanks already unfortunatley sold short with however excellent profit i am still short nickel and russian Norislk Nickel and short russian Rts
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 17, 2010 14:23
lucky is around long long long oil notice difference between june and july contract to know we have up trend asad catnip chloe and every body wishing you good week
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 17, 2010 12:50
Couldn't a "third way" be stagflation? Maybe that is what we have in the UK. Plenty of debt, but inflation is going up, and set to go further up in my judgement.

There are those who say that there is de facto inflation in the USA as well. (Check out the "Meltup" video on YouTube).
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 12:17
Well...as it appears the eurozone alone lacks $1 trn ... lacks...do you think that is inflation?
Whenever there s less money than debt you deflation not inflation.
In case you earn 100,000 a year and have 200,000 to redeem by end of year... would you say hey goddamn' inflation? There is an inflation of lack of money.
montmorency
UK
Posted Anonymously
14 years ago
May 17, 2010 11:04
@Catnip: What will be the signs of imminent deflation, in your opinion?

By the way, don't goldbugs say that gold is a good hedge in both deflationary, as well as inflationary times?

Perhaps unsurprisingly, Zerohedge has several articles and comments suggesting anything but a collapse in gold.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 10:37
I have been shorting gold all the time ... my credo is no money buys no gold. But gold is cash. All signs point to a deflation shock coming ... gold will tank to 1000 . This does not exclude coordinated co-devaluation of majors. We see now GBP and EUR co devaluating ... sometimes GBP is a bit ahead then EUR catches up and passes...and so on
mabedi
mashhad, Iran
Posted Anonymously
14 years ago
May 17, 2010 9:48
I agree with you catnip
I am long in OIL in martingale way between 72$ - 62$ - 46 $
and sell gold in martingale way between 1220 $ - 1330 $
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 9:35
I think a environmental risk tax if Obama pushes it throu can change at least oil stocks fundamentally.
I think there is a temporal bottom out @ 70 and I am long oil.
Could be BP sells itself to govt why not?
Ashraf Laidi
UK
Posted Anonymously
14 years ago
May 17, 2010 0:55
Thanks for all the informative articles and insightful exchanges.

The fact that oil broke below 75 is quite important. Opec should grow more hawkish pretty soon as they do not sense any pause in the USD rally or a pick up in world oil demand in the event that a fullblown european banking crisis escalates/


Ashraf
asad
London, UK
Posted Anonymously
14 years ago
May 17, 2010 0:04
Catnip,

So are you trying to suggest that BP should sell itself to the British government...we should liquidate our oil holdings...and Ashraf should close 'Gold, Oil & Indices (Equity & Bond Indices)' thread...and that me, Lucky, Gunjack and Chloe should start seeking government benefits (me & Gunjack would staaaaaaarrrrrrve to death as our government ain't got no money, baby)?! IS THAT WHAT YOU'RE TRYING TO SAY??!!

If a/thing...think about Chloe's li'l puppy. Who will feed her. DOES THAT MAKE YOU THINK?! I know...you want us - BP, hedge funds, me, Chloe, Lucky & Gunjack - to liquidate so that oil collapses to 61.50 o/night and then you can take it from there (we are HUGE players, afterall, you know).

Catnip, you've been exposed. Prepare to defend yourself. Im drowning all your positions (umm, hope you aren't short)...


Asad
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