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by Ashraf Laidi
Posted: Nov 15, 2010 4:25
Comments: 46
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This thread was started in response to the Article:

EURGBP & Gold vs Aussie Signals

EURGBP is the preferred short euro play for now, whiile Gold in Aussie terms gives more clues on Gold's direction than Gold/USD
 
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 22, 2010 18:36
In case the article on GOLD/AUD was not clear, here is a video I did today on the topic, which I hope to be of more clarity.http://link.reuters.com/xys46q

Ashraf
bill
American Samoa
Posted Anonymously
14 years ago
Nov 18, 2010 6:53

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said
mulhouse, France
Posts: 2822
14 years ago
Nov 17, 2010 13:20
eurgbp
possible major suport at .84 .8390
said
mulhouse, France
Posts: 2822
14 years ago
Nov 17, 2010 13:13
irish bailout approved
euro strenght vs GBP and USD
bojan
Arizona, United States
Posts: 111
14 years ago
Nov 17, 2010 7:37
@Trajan

az sqm vqv Phoenix, ti kade si ?

@ Stingle

yes, I trade London, and other markets............. basicaly I trade "only" in my awake hours :)
Since Ashraf is covering markets "only" when they open, I have feeling that I am going to miss something.................. The man is without competition........



b.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 16, 2010 16:43
Boeing, take a look at the way the tops and bottoms in GOLD/AUD ALWAYS signalled declines in GOLD/USD, and NOT the other way around. I covered this relationship back in Dec 2009. Many of you who were around have seen me covering it in subsequent seminars around the world and even webinars. I even covered it in my book (which came out in Dec 2008).


adamcpf, 2 more rate hikes in Q1. nit sure if they will do one more this year. SSEC fell nearly 10% in less than 2 weeks.

Darth & Zee. mabrouk Eidkum !

Ashraf
ZEE
Canada
Posts: 20
14 years ago
Nov 16, 2010 13:59
salam alikum ashraf, eid mabrouk, kulo intun bakhair
Darth Vador
Paris, France
Posts: 4
14 years ago
Nov 16, 2010 13:18
Hi! Ashraf! Eid Mabrouk!

Why the pound is down vs the Euro how do you explain this after the CPI numbers shouldn't be the contrary?
Lawrence
Tennessee , United States
Posted Anonymously
14 years ago
Nov 16, 2010 3:37
The GLD exchange traded fund's gold holdings peaked at the end of September with a gradual sell off thru October, but holdings have been holding steady in November. Currently sitting at 1291 tonnes and didn't participate in the Friday sell-off.
aviat72
New York, United States
Posts: 12
14 years ago
Nov 16, 2010 2:12
Vasya:

A number of funds are reducing their PM exposure as US yields rise. Ashraf has often talked about how long term bond yields affect currency flows. The 10 year, and especially the 30 year yields in the US are rising, and lifting the dollar with it.

Further the blow-out top in silver last Tuesday is as good as it gets as a technical top (at least for the short term). The silver-gold ratio has reached a significant measured move milestone. Copper has also reached a major resistance level. All these point to a pause in the "stuff" rally. There is also the action of the emerging markets trying to rein in inflation in one form or another which is likely to keep commodities in a corrective mode for some time.

Also keep in mind that the Fed has been universally condemned for its QE2. It got suckered in by the rise in first time unemployment claims, which have since declined to pre-Lehman levels. It is not outside the realm of possibility that QE2 itself might be constrained (e.g. the buybacks spread over a longer period of time).

So a pause in the PM run is perfectly reasonable outcome to expect.