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PrashantS
Senior Member
Joined: 14/Oct/2006
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Posts: 1294
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   Posted: 09/Jan/2007 at 10:56pm |
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Can anyone explain the relation between Gold and Crude
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 1371
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Posted: 09/Jan/2007 at 4:35am |
There is no 1 to 1 relation betn crude and gold. But when crude goes up, inflation goes up in general. When inflation goes up, people buy gold as hedge to inflation. Lot of energy is needed to make gold. So cost of production also goes up when crude goes up.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 09/Jan/2007 at 11:12am |
I know a Mungerilal who had established excellent co-relational facts and figures between futures listed below. He trades on those relationships.
Gold-Crude
Gold-USD
USD-Euro
Silver-Copper
Guar Gum-Guar
Natural Gas-Winter Forecast
Zinc-Nickel
Potato-Wheat
Bovespa-Crude
Silver-Gold Ratio
Crude-ONGC
Over a period of time when the relationship becomes obvious to all the players....the markets, without any prior signal of course, starts trading contrary....not only wiping out all the previous profits but also making the players pay heavily as by that time they've got overconfident.
Where's that Martin Pring's quote?
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Life can only be understood backwards—but it must be lived forwards
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 10/Jan/2007 at 12:34pm |
USD-Euro
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Strange... both trades against each other....
That Martin Pring quote is here
For Most of us the task of beating the markets is not difficult.... It’s the job of beating ourselves that proves to be overwhelming.... Martin Pring
I will write interesting Incident of Gold-Crude marriage and Divorce in a while... as soon as i have time
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 10/Jan/2007 at 12:41pm |
I won't know...some commodity v/s Euro may be.
Yes, that Gold-Crude divorce could be interesting. Does it happen once a year or not that often?
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Life can only be understood backwards—but it must be lived forwards
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 10/Jan/2007 at 12:47pm |
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Very Often....if one is following Short term trend...
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posted: 11/Jan/2007 at 9:08am |
It see that it may take some time for me to write about Gold-Crude Relationship... So i would highlight some of the Interesting Research on this topic off the web.
Edited by BubbleVision - 11/Jan/2007 at 9:09am
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 11/Jan/2007 at 9:11am |
Ohh....so much to read!?
Anyway, where is this slide going to stop?
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Life can only be understood backwards—but it must be lived forwards
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