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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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asad
London, UK
Posted Anonymously
14 years ago
May 18, 2010 17:33
Lucky,

The outcome of the meeting COULD have been unfavorable - favorable for oil - had Iran not decided a couple of days back to ship its uranium to Turkey for enrichment.

If the sanctions go through, expect a $2-ish rise...but I expect China & Russia to oppose it. in which case it WON'T get passed.

Otherwise, it seems oil bad days are over...and it would only gain in the coming days (barring another shocker).


Asad
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 18, 2010 16:04
heres that known unknown i spoked abt yesterday on oil "UN Sec Council Meets Today to Receive Draft Resolutions on #Iran Sanctions" $$
please can some one explain
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 18, 2010 13:17
Critical is 1200 imo. Just sold a part of gold short options. Will get into short again if 1200 breaks.
chloethebull
Canada
Posted Anonymously
14 years ago
May 18, 2010 12:54
hi ashraf &forum..now that gold is pull back off its new highs...is it possib to get some targets on the downside..i was listening to a guy yesterday who said if gold closes below 1220 it could be a sign of things breaking down in the yellow metal an we could see a 4-5%correction..so possib a 60buk drop would this be a fair assesment..thanks for sharing all ur thoughts with me have a nice day
asad
London, UK
Posted Anonymously
14 years ago
May 17, 2010 22:33
Oops :$ the asterik didn't serve the purpose, did it? :( Sorry Ashraf...


Asad
asad
London, UK
Posted Anonymously
14 years ago
May 17, 2010 22:32
Catnip,

i don't give a F*UCK what way oil goes - your reasoning is SO blue-sky, out-of-the-box! :) No, serious...


Asad
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 21:40
Long as I said as long as 70 holds. I don't see big tricks this time only on gold which has dropped to 1220.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 17, 2010 20:53
so whats your stake on oil
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 17, 2010 20:38
Lucky
well not the market is irrational rather the trader's model of the market is irrational.
It's irrational to target one's own profit one must target their profit... follow the money.
You know in the oil hype Goldman stated oil' gonna hit 200. Ok. Then came Alexej Miller
from Gazprom and said oil targets 250. I said hey that is a sure short signal. If someone who has big money to lose and no idea of biz comes out with that statement Goldman will do a little transfer of fortune ... and they did. Is the direction of transfer clear?
Its always the same game. They wait for an ultra rich idiot get him in a trap and rob him and its legal.
Recently they met an orderly arranged pack of rich idiots right here in Eurozone.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 17, 2010 20:30
thanks god bless us man
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