Intraday Market Thoughts
Archived IMT (2008.11.21)
by
Nov 21, 2008 15:33
Gold surges by more than $30 to a 3-week high as falling dollar and damaged global currencies (resulting from excess cenbank easing) add luster to the metal. I continue to favor gold over oil as global demand destruction takes a toll on energy prices and precious metals benefit from central banks liquefying of the financial system. $800 resistance stands at the 50-day moving average, coinciding with the 50% retracement of the decline from the Oct 10 high.
Latest IMTs
-
3 Faces of $2000 Gold
by Ashraf Laidi | Mar 24, 2023 16:38
-
Guiding Through Confusion إرشاد خلال الصاعقة
by Ashraf Laidi | Mar 20, 2023 16:51
-
Finally Gold ETFs Flows Do this
by Ashraf Laidi | Mar 17, 2023 17:00
-
2 Year vs FedFunds Signal
by Ashraf Laidi | Mar 13, 2023 20:23
-
Avoiding Costly Rookie Mistakes
by Ashraf Laidi | Mar 10, 2023 20:06