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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 16:46
Everyone keep your heads out there. A mere 1120 move in stocks correspond to a 125 pip move in euro, 100 pip move in aussie, and $20 move in gold?

Weak shorts getting blown out of FX and commodity positions.

Let's see what the PPT does in the last hour (and half) of US stock market today.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 16, 2010 16:40
#Gold It be interesting to see if Gold breaks ~1124 which is the 3-Feb high. It's also approaching the upper B. band of 1123 on daily chart. I suppose a break above this would test 50% / 61.8% retracement levels off the peaks.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 16, 2010 14:35
Ashraf's thoughts on this (among other things) in case anyone hasn't spotted it:
http://bit.ly/338li
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 16, 2010 10:30
Gold: In fact it has well and truly punched through that descending trend line on my chart.(1116.0-1116.5 as I write).

Let's see where it closes.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 15, 2010 17:12
Sorry for the off-topic, but I have to share this: I've been doing a little research into family history, and it turns out that my great-grandfather spent some time in South Africa mining for gold :) Well, I like to think I am following the family tradition, although doing it the easy way...


On a more serious note, I see that it seems to be challenging the down-trendline at the moment.
hesham
Lebanon
Posted Anonymously
14 years ago
Feb 15, 2010 8:17
Dear Ashraf,
Actualy i am confused about gold price,what is your view?? atleast for this week.
rim
Turkey
Posts: 121
14 years ago
Feb 14, 2010 14:11
Dear Ashraf ,

If you pay atention , when EU was around 1.35 - 1.36 in recent May , Gold was around 930 and

Dxy was above 82 but this time not , so which of them wrong now ? Do yuo think Gold still

too high?
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Feb 14, 2010 4:41
hey ashraf, do you still think the gold will go down to 1020 as u said before? and when will that happen?

thanks
asad
London, UK
Posted Anonymously
14 years ago
Feb 12, 2010 2:37
Mont,

That was a smart one - serious...


Asad
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Feb 12, 2010 1:25
hey ashraf, just read peter rudds blog on gold....am i correct to say we cleared the 15mth trendline support-1084- or does it need to close out the week above 1084? an if so does that mean gold now runs the risk of rallying(bad for usd)? thanks
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