$1400 is NOT priced in.
I'm doing this a loooong time.
I cannot post chart as they don't let us anymore, but do this;
Overlay the GLD chart onto the HUI chart.
Then overlay the GLD chart over the GDX chart.
Use dates back to 2001.
Then zoom in and look at 2010-2013.
Believe it or not, HUI, which represents the miners, is actually still CHEAP compared to GLD.
Miners "looks" oversold, and days like today they get a dip, but they are WAY too cheap and not ahead of themselves.
Hope you profited.
We should be getting up to what I called.
Based on last week's COT report--I know the commercials shorted, and now shorts are covering.
Getting interesting QUICKLY!
Be prepared for what'scoming after that.
To the obvious shorts and newbies, good luck with that!
Brexit "scare"? Ha.
You ain't seen nothin yet!
The black swan has landed, and she is laying her eggs.
Over the next year they all hatch and new black swans will appear.
at 6.96 this afternoon.
I have a shot?
Yur kidding right?
The Queen herself will.
Kidding aside, GB would not let it happen, and beyond that, the FED would not let it happen.
There'll be no more Lehman moments.
it bounces or gets bailed out. Question is, at what price?
Did we hit it yet, or $5, or lower?
My feel is, we are NEAR that tipping point, unless someone in their trading dept messed up big time.
$6.90 is VERY VERY attractive.