Sensex

Friday, November 27, 2009

Re: [Technical-Investor] GOLD ON VERTICAL FALL !!!

 

Sometimes you need to HEAR the noise...........Seeing alone is not believing :)


Rgds/Balaji

On Fri, Nov 27, 2009 at 3:08 PM, Sniper Trader <snipertrader@gmail.com> wrote:


i am invested in gold from 2005. So i do watch it closely...but not too closely as a lot of it is just noise!

All dips in PM are buys!

On japan - their central bank wants a weak yen....so they are buying USD.. selling yen


On Fri, Nov 27, 2009 at 3:04 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Sniper --- One more thing --- I dont know if you are watching Gold movements closely for last 5-6years.....

Japan/Asia usually starts the Profit booking/Correction in gold after it runs up sharply......Which will be followed by trades happening in US....

Not sure if one such intermediate downtrend/correction has begun in Gold this time around......Looks like investors across Asia/Japan are booking profits/closing long in Gold.....

Lets see how US takes it up from here.....

Just my personal observation.....

Rgds/Balaji




On Fri, Nov 27, 2009 at 2:21 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:
Sniper,

I have poor memory - Kindly enlighten me about Lehman Collapse and Gold movements.....

BTW, can this trigger off a rally in Crude to 90-100$??? Can Gulf countries / Middle East use this as an opportunity to Jack Up crude prices (by declaring production cuts etc) - to make money for Dubai World bailout.... Strange/Wild thoughts....  :)


Rgds/Balaji




On Fri, Nov 27, 2009 at 1:53 PM, Sniper Trader <snipertrader@gmail.com> wrote:


go back to history in 2008 - Lehman collapse... u ll find ur ans


On Fri, Nov 27, 2009 at 1:51 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Why should a safe haven(Bullion) fall during such turbulent times???

I can understand the fall in Equity, which can be considered as profit booking being riskier asset classes - But Why gold???

Is it normal profit taking in gold or start of intermediate correction???


Rgds/Balaji




On Fri, Nov 27, 2009 at 1:20 PM, Sniper Trader <snipertrader@gmail.com> wrote:


on expected lines.....

On Fri, Nov 27, 2009 at 1:17 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


GOLD CMP......... 1139.70 $$



















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