Viewing posts by cougr

User: cougr
Last Post: November 9, 2009 ET
Posts: 109 (101 by Member, 8 Anonymous)
View Member Profile

@GTNew: With Harrod's apparently selling gold coins and bullion off the shelf that's got to be a clue, at least in the short term.

@ Spec :
What's interesting is that another well known analyst who publishes on the same site that you have provided the link to, has recently come up with a prediction for Gold that is totally at odds with the projections offered in the article you have referred.His analysis is elliott based as well. Who do you trust?

Here's that chart I was referring to in my post below. Support-resistance in red and not green.

Hi Rob, potentially there are many patterns that could develop from the above situation. At this stage it might be best to keep an eye on the support-resistance levels shown in green.

Interesting to contemplate what effect Koreas upgrading in the FTSE index will have on currencies.Any thoughts anyone?

Thanks Said , you're right but I would like to know why they are called 'conditional' dollar sales.

"With the reduction in exchange market volatility, the conditional dollar sales have only been triggered twice in the past three months, most recently on Wednesday of this week. "

Ashraf or anyone,sorry to be a bother ,but it would be immensely appreciated if someone could explain to me ,even briefly ,what the term 'conditional dollar sales' means from the above quote.

Quote:Spec
"rpats yen has probably been strengthening due to risk aversion from chinese stocks since last month."
Perhaps we could add a few more reasons ,eg Bank of Japans positive tone in comments relating to Japanese economy earlier this month,significant export and production increases being reported,and speculation that oil is topping out and due for a fall.Add to that a few technical ,cyclical and sentiment reasons and we have a partial explanation.

Ashraf ,early today on Twitter you mention a eurusd target for December ( 155-156 ) and then write that the same goes for audusd. I take that to mean you are also bullish on this pair but was wondering if you might have an end of year target also?

Sorry Spec, misinterpreted your question.