Ashraf Laidi on CNBC after the PSI Deal - Mar 9, 2012

Mar 9, 2012 7:44

Ashraf Laidi speaks on CNBC minutes after Greece secures its agreement on the PSI deal from 86% of creditors. All these PSI acrobatics were aimed at enabling Greece to receive its 2nd bail out and meet its March 20th payment. There are no guarantees that Greece will not need a 3rd bailout as the nation enters its 6th year of recession as well as prolonged policy following the outcome of the elections later this year. Let's also not forget that negative Eurozone pressures (rising yields, falling euro & surging CDS prices) tend to be exasberate the euro siuation as these are draged by risk aversion, which may be the result of oher exogenous factors such as less dovishness from the Fed

Latest IMT - Mar 30

Here is what Matters

You must be tired of reading analysis about 15 war scenarios and 7 different explanations of why gold fell with stocks despite surging geopolitical risks. But here is what really matters: Last Monday, minutes after gold hit the $4090 low, I sent the below messages to our WhatsApp Bdcst Group, clearly stating the following: 1. Gold has seen the bottom and will not fall below $4090. 2. Equity indices like the Nasdaq100 will not rebound with gold, but will continue to fall into the rest of the week until reaching a low on Friday or Sunday night. And so, just when everyone was used to the idea of gold dropping with stocks, I sent an alert to our members on Tuesday/Wednesday that the correlation will weaken, leading to gold rebounding and indices trailing behind ...until..this week. This is what really matters. The bottom image contains a message from a member thanking me for rescuing his account when he asked me whether to close his gold Long at a loss near $4370. As gold dropped to $4350, I told him to keep the Long position. He listened, held and later closed his long at $4520, making $1500 in profit. This is how we link analysis to trading and positioning.

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Latest Hot-Chart - Mar 30

Patterns on Fridays & Mondays Since the start of the war on Iran, the pattern of falling Fridays in US equity indices has become obvious. Will the pattern ends this week. View Hot-Chart..

Intermarket Analytics

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Chart

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order. View..