Intraday Market Thoughts

Archived IMT (2010.11.15)

by Ashraf Laidi
Nov 15, 2010 18:36

MANY OF YOU HAVE RAISED questions about my short SHORT-TERM BEARISH CALL in gold put forth in my latest article. Most of the objections you have raised have already been tackled in the 4th paragraph from the bottom in the article (click here: ) My $1320 target is for this year. Only a daily close above $1377 would re-awaken the short-term bull and likely trigger a fresh attempt above $1405. Im well aware that QE2 in the US is a generally positive dynamic for gold...and so are the troubles in Ireland. But the intermarket forces are pointing to the other direction into the SHORT TERM. Again.. if you havenot read the article, then please do so because most of the questions Id been getting are tackled in it.


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