Within a year if ban is not lifted, inflation will be skyrocket in Russia. Their collected gold will spike. As you know how gold move around these days. Chinese buys gold (#1 buyer). They are using that gold to purchase oil from Iranian and/or Russian. Then, the Iranian buys weapons from the Russian. So, you can see all gold moves to its final destination (Russia).
You will see that the most valuable silver stocks and then miner sector are next in line. Don't forget USLV. The most depressed ETFs will become the fastest move on silver miner comes back.
EXK, for example. It has been moving from low 3s. Double in 3 months. And hit new high soon.
The EIA said “production from new wells is more than enough to offset the anticipated drop in production that results from existing well decline rates.”
I currently have totally about $1.4M in in gold & silver and the 2x, 3x ETFs. I will not sell until peace is stable in European and Middle east regions.
If you recall my calls on airline stocks, I was 4x most of those if I still hold them. Well, I made some good money on those calls, but did not do at 4x level.
You have done well correct? My first car lot tgt u4,1308.4 and missed my fill @ this time. Will assess the energy @ that point fill. Also Long CL97.71 . Watch crude also duyd immediate position. Be advised EIA report 1030est this morning. Good Luck.
almost made my 1st nugt buy $40 yest, then putin said he will invade ukraine. this pop will wear off too.
Gold will spike high. You can count on that. I think we see it soon. Russia is preparing to invade Ukraine. The Russian PM asked the red cross to set up more centers in Ukraine for a humanity assistance. I think the Russians will invade Ukraine and it will happen soon.
This action is threads the freedoms and democracy in world. If the US doesn't do anything about it, nobody (including our allies) will respect us from now on.
If you remember the Budapest Memorandum on Security Assurances is a political agreement signed in Budapest, Hungary on 5 December 1994, providing security assurances by its signatories relating to Ukraine's accession to the Treaty on the Non-Proliferation of Nuclear Weapons. The Memorandum was originally signed by three nuclear powers, the Russian Federation, the United States of America, and the United Kingdom. China and France gave somewhat weaker individual assurances in separate documents.
The memorandum included security assurances against threats or use of force against the territorial integrity or political independence of Ukraine as well as those of Belarus and Kazakhstan. As a result Ukraine gave up the world's third largest nuclear weapons stockpile between 1994 and 1996.
Today, Poland said the risk of Russia invading Ukraine has increased in the “last dozen hours or so” after President Vladimir Putin increased the number of troops on his country’s western border.
Yes, gold will be the King.
How are you my friend? Reading your posts GC; not usual trader gc, si etc. But trying to stay up w/all mkt posts. Nice pos GC Long duyd; tho dont trade the inverse levs etfs: NUGT as you most post. Good position immediate: GCu4 1290.6 sept... Very Long. Breakout form; maybe get fulltime overdue mojo GC1308 tgt. Nice call Duyd. Shud be full monty pnl on this for futures guys. Very very immediate. Will see. Good luck.
“We’ve talked about that weak dollar literally for years,” he says, “and I think now is actually the time to reverse that trade and go long the dollar.” “You always want to try and be a contrarian,” Hoenig advises. “At a time when most people think the U.S. dollar is gonna collapse I think now is actually the time to buy it and go long.”
There is a balance to everything, for an economy to grow they need inflation, what is worse than inflation is deflation. The current level of interest rates were abnormally low, it means weak dollar in a recession economy... As the economy gets healthier, it is only inevitable to interest rates go higher, that is the first show of economy growth...
As the economy grows, equity market gets better and dollar gets stronger, as this happens people leave safe heaven gold and put money into stock markets....
Let's check back and see if you said had happened,
in year 2000 30 Year mortgage annual avg 8.05%
in year 2012 30 Year mortgage annual avg 3.66%
so based on what you said the gold should have been collapsed in those years, correct?
Let's check what happened to gold
in year 2000 avg gold price per ounce $300
in year 2012 avg gold price per ounce $1800
hmmm something doesn't add up... don't you think?
from 2012 to 2014 interest rates started climbing let's see how...
30 Year mortgage annual avg 3.66 to 4.20 and,
gold dropped from $1800 to $1300
and also if you go back and check in which months gold rallied, you will find those are the months that interest rates dropped...
As the interest rates go up, gold will drop... my guess we will see gold at $800
soft jobs number making gold and market bounce as now people are thinking qe will continue. if it does gold has a reason to go higher, but the market? it is walking the plank. i am marveling how sensitive traders are to this noise. yellen won't change course, that would be too much like obama's meaningless 'red lines'.
filled dgaz on the swoon yest, nugt tanking right along with the rest as expected(they are stock after all), my big mistake, not selling anr, it is still a pump and dump, altho still have profits there. sold aro on this little pop, took the loss, it looks like dead money i can put to use on nugt eventually.
current positions are upl, xco, dgaz, fnma. duy, you should let me trade nugt/dgaz for you, i only charge half the profits and can make/save you a bundle. :)
One disconnection in your message is: Inflation is a linear function interest rate. That meant when interest rate goes up, inflation is moving in the same direction vice versa. And when inflation is high, the dollar will be de-valued.
Please read about Fisher equation. It is named after Irving Fisher,
interest rates are going high, dollar is gaining value, economy is doing better... we will see gold at 1250 before anything else