I may have been wrong on my "catalyst" as well. The pop may have been due to a WSJ article suggesting the Fed will continue to use the words "considerable time" before they raise interest rates. If the article is correct, there may actually be another quick pop tomorrow with the Fed's release, only to give way after Yellen speaks. Who knows. Congrats on your 'pure luck' trade.
I actually happen to be in JNUG on purely technical reasons when this rally started. As always going after 2%... Worked out a lot better - pure luck.
I do think a contrarian trade is in order as IMO gold/miners should lose most (or all) of these hectic gains before the day is over.
It looks like China just launched some sort of QE, contributing to the pop in gold and silver. I think you mentioned in a previous post that you like to hop on board the opposite of the knee jerk reactions such as this. I noticed the same trend and just figured out why there was a quick pop. Read Bighorn's zerohedge website for more details on the China QE.
... very high and (seems like) pretty stable INCOME.
Dividend distribution - over 23% (diffrent sites show different numbers). May have to be hedged.
Please DYODD and talk to your accountants about tax consequences.
It's not belated for my g-son. His actual b-day is on the 17th. Against all superstitions, we had to celebrate it in advance because my son and his wife have to go to some business conference for four days at the end of this week.
Happy belated b-day to your g-daughter as well.
I'll wish our grand kids all the best too. I hope they get it at least as well as we did without having to work as hard.
I'll definitely post anything I find interesting.
Happy birthday to him. Coincidentally my granddaughter also had a birthday this past weekend, her eight. My one wish is that their future,if not better than our past, will at least not be worse. I am not optimistic however about that.
When/if a new idea is born, throw the board a heads up.
Thanks, Alex. It's a shame they are going to shatter a number of good ETFs.
Didn't have a chance to even touch my computer this weekend. Have been celebrating my g-son's 5th birthday. Family party, kid's party..... I am still having a “headache through my entire body" (Goldie Hawn said this in one of the movies, was it “Overboard”?).
I am watchng commodities outside of PM space very close: NG, agriculture, etc, European,
S. American, E. Eurpean (mother Russia) ETFs - but no calls just yet. Interest rates seem to get away from me - I expected them to go lower, I still hope they'll get down to my red line.
Clint the end of qe in october is gonna be detrimental for commodities and it makes perfect sense to me.Less liquidity equals less inflation which consequently leads to a stronger usd (ecb by then would have started its own qe which makes the usd even stronger) and lower commodity prices.Those are the dynamics as long as I know.Take care buddy and gl.