Europe in deep trouble as more "broke countries" will leave and go back their 3 day work week weeks.
and Asian markets are stable. Tomorrow Big up day for the DOW as investors finally realize "The Fed is our Friend" and will not raise rates this year. In fact odds are increasing for a rate cut this summer - so buy gold, go long Spy and XIV. All three going to jump BIG tomorrow.
after Remain side wins and market calms down? Figure Tvix will around $2 a share tomorrow morning which looks very attractive (from a buy in price target) but having been burned in the past I know $2 can turn into $1.50 very quickly with this ETF. So give me thoughts on going Long Tvix after the big rip down tomorrow, or holding off and buy when in the future.
Man Tvix, and Uvxy have trading down for so long now, you could put on your skies and ride the down chart for years and years. At some point there has to be a "bump" or ever a good size hill but surely not tomorrow morning.
Well after Friday it all goes back to the Fed and unemployment numbers. With a Remain in Europe vote win, Yellen will have one less problem to deal with as far as pushing a July, August rate hike. But next week we will have to see an improvement in economic numbers for Yellen to get hawkish and move towards raising rates. Good job numbers could send Gold screaming lower as the Fed gets ready to act. On the other hand if we see a slip in the economy - gold reverses and heads higher. So this week we see gold dip to $1200 an ounce, possibly lower. Next week is another story as the coin could flip heads or tails.
and that's the good news. The bad news is sub $69 come Friday morning. Never ever go long gold when the Fed might raise rates in 30 days, as G.B. tells world economies "They Ain't Leaving Europe". And last I hears Soros was not shorting Gold to the MAX.
and hopefully you realize now is the buying opportunity of a "LIFETIME" to go long Dust into Friday's No Brexit Outcome. What is now $11 a share could easily be over $20 a share come Friday as the Brits say "Europe We Love You" and kick the Brexit to the ground.
come Friday morning when news breaks the the "Remain in Great Britain" wins. Don't be surprised if Dust hits $30 plus on Friday as Gold craters due to vote and Europe stability.
Jr - if Brexit passes (if) the shock to Europe will send stock markets down and Gold way way higher. Why - because you will start to see other countries leave the Euro and at the end of the day Germany is not going to be left holding the empty bag. A Brexit is a home run for gold and nugt due to a Spike in Volatility and Gold as a Save Haven play.
But help me out here. Bullard came out today and said one rate hike between now and 2018. Kind of a weird statement from a Hawk but this now tells everyone Bullard just turned Major Dove. But with such a strong (dovish) statement why didn't going jump higher???
Bullard literarily just made Yellen look like a second fiddle but gold hardly reacted. I'm more concerned that the Fed is flashing HUGE warning lights on no future increase but Gold isn't taking the bait and screaming higher. So yea we sit back and wait on Brexit - but if another Fed member says "no rate hike this year" gold better jump through the moon or I'm gone for good. Please tell me what I'm missing since Gold for whatever reason ignored Bullard's statement today.
Major Green Light to go long Nugt and Gold - read on then buy hand over fist'
The U.S. economy, stuck in a slow-growth pattern that is likely to persist for the forseeable future, may need no more than a single additional rate hike for as long as 2.5 years, St. Louis Fed President James Bullard said on Wednesday.
on the disintegration of Europe - as we know it. Remember those who sit on their hands are useless.
and now we seem to have it in spades with Brexit up to bat and now this -
CIA director warns ISIS terror capability not slowed despite battle losses. ISIS has a "large cadre of Western fighters" who could attack in the West and is continuing to inspire sympathizers with no "direct links" to ISIS to attack on their own as it did in Orlando, the director of the CIA will warn this morning, according to excerpts of his statement to the Senate provided to CNN.
as gold get set to fly through the ROOF.
ISIS has a "large cadre of Western fighters" who could attack in the West and is continuing to inspire sympathizers with no "direct links" to ISIS to attack on their own as it did in Orlando, the director of the CIA will warn this morning, according to excerpts of his statement to the Senate provided to CNN.
Gee and I thought Obama said we we're safer today then yesterday? Tell that to the Orlando folks.
I lost - Nugt down 6.5% and could close under $100. Gee is Nugt afraid of Yellen or her shadow? Love trading when I make the right guess and lose on my ETF bet. Happy Joy Joy.
Suggest you switch to Scottrade which does not charge interest to short a stock or an ETF. And by the way come next week you won't be able to short Spy, Iwm, or QQQ since all three will be falling like a ROCK.