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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
On another note, we may be seeing a bullish hammer formation on the daily S&P50 and Dow-30.
Ashraf
Asad
The last 8 years indicate Q4 is the best quarter, showing % gains in 7 out of the last 8 years , followed by Q3 and Q1 rising in 6 of the last 8 years. The current gold rally COULD BE ESPECIALLY POWERFUL as it combines the onset of further treasuries purchases by the Fed and broadening questions about Eurozone debt, this time from Ireland. The Irish-German 10 year yield spread is testing the 4.0% territory, which is 20-bps away from the all time high reached in June 2009. Watch Gold in EUR terms and a close above EUR 960/oz. GOLD/USD HAS NOW BROKEN ABOVE its 55, 100 and 200-day MAs FOR THE FIRST TIME since April (when Eurzone debt crisis erupted and fed a 15% rally in gold). $1,270-80 is seen before end of Q4.
Ashraf
I am long XAU EUR at 952
where do you see upside targets?
Ashraf
How to get Gold/Euro (QXAU) chart?
whether any chance for the gold going below 1158 mark in near term , your view about gold in short term to medium term please
See you in Bahamas? ;)
Asad
Gold Vending Machines!
Regular people get sodas or snacks from vending machines, but in Abu Dahbi people get gold. http://www.youtube.com/watch?v=KqWEhwTYUR8&NR=1&feature=fvwp