With today's 'rumors' gold popped a little, but not all that much.....maybe $8-10. An actual involvement would certainly move gold more than that, but I don't think anything like $100, perhaps $50 though over a few days. Just my guess though.
Kel: You lucky dude, you jinx the market by buying SPXU. When you bought it the DOW was up about 30 points and ended up closing down 64 points. You should have bought DXD instead. Did you sell your SPXU yet? I sold some of my EEV to take profit. Sold off TMV right now since it dropped like a rock, took small loss. Sold off TBF to take profit. All in all, not bad and still have tons of DXD, SH and some SRS.
My guess would be they both go up. But once again, that is just a guess...
One thing to note, we are not as dependent on the Middle East for oil as we once were. So I think the oil effect would be less dramatic than in the past.
Gold has made a nice run up. The way things are going, I could see gold going to $1500. I feel this is possible because of two things. 1- lots of uncertainty on where the market will be after September and October. 2- limited physical supply of precious metals.
Fisherman: PM is acting very strange. I sold off my SLV earlier, it tanked and then started rising again, appears to have some more legs. Gold actually dropped first and then rebounded. I no longer can say I understand them. I believe I rather buy and hold the real coins, gold or silver.