Suggest GLD, ABX and KGC (buy) first thing Monday morning.
The survey, which was conducted by YouGov for The Times, showed that 42 per cent of people supported Leave, as opposed to 41 per cent who supported Remain. Another 13 per cent didn’t know, and four per cent said they wouldn’t vote. Although both sides are a whisker’s length apart, it does indicate that Leave is gaining strong support from people who previously said they didn’t know how they would vote.
June, 2014 - A week and a half ago, gold reached a two-week high as conflict raged in Iraq. Hey its now happening again but this time Gold will jump through the ROOF, next week, May and the rest of the year.
Its Deja Vu all over again - That said, it was certainly a contributing factor. The metal’s safe-haven appeal intensified Thursday when US President Barack Obama announced plans to deploy up to 300 military advisers over to Iraq “to help its struggling security forces fend off a wave of Sunni militants who have overrun large parts of the country,” as per The New York Times. Also pushing gold up, according to Money Morning, was the dollar’s fall to its lowest level in almost four weeks. That happened on the back of news out of the FOMC meeting, at which the Fed “suggested a more aggressive pace of interest rate increases starting next year,” but “lowered projections for the long-run target interest rate.” That, the news outlet states, means interest rates won’t rise in the near future, and, when they do, “will still sit at low levels.”
first thing Monday morning. Seems China PMI miss along with civil unrest in Baghdad and falling U.S. Dollar has created the perfect environment for Gold to push through $1350 and head to $1400 Plus. Oh and last I checked a certain elderly women by the name of "Janet Yellen" was first in line to buy Gold Monday morning. So always remember - never fight the Fed, especially when its leader won't raise rates until late this year.
first thing Monday morning. Seems China PMI miss along with civil unrest in Baghdad and falling U.S. Dollar has now created the perfect environment for Gold to push through $1350 and head to $1400 Plus. Oh and last I checked a certain elderly women by the name of "Janet Yellen" was first in line to buy Gold Monday morning. Seem the Fed knows which way Gold is going since they won't raise rates until very late this year.
as gold ramps higher as the U.S economy weakens.
Since its always 10 steps down to one step higher. And obviously today we are at the beginning of another 10 steps down. So long $27 and hello $21 next week.
Uwti moves fast (up & down) but as long term players know it really casino game rigged to the downside - as in huge downward swings at the first sign of oil corrections. As I see it Saudi Arabia is increasing oil production along with Russia to maintain their market share. That trumps a soon to be put out fire in Canada and dropping U.S. rig count. Now you throw in a "Slowing U.S. economy" and the long term outlook for oil is extremely BLEAK. And as we all know China economy is falling hard so the Number (1) and Number (2) economies are now slipping - possibly heading towards a recession which will Put Major Pressure on Oil to drop mid to low $30's, in the very near future. See you all around $25 and change today at market close.
and that's why she is the "DOVE" she is since today non-farm payroll numbers just pushed off any kind of rate hike this year. Nugt back to new 52 week highs next week as gold sets in sights on $1500 an ounce and higher.
so in plain English - go long gold and short everything else.
Oil set to drop below $40 a barrel next week as Opec reaches all time high production levels as Canada brings back on oil pipelines. Sure looks like oil is heading South from here.
Odd trading day for most for most of the market but Gold is showing the "true" direction of the shiny commodity. Fed packing bags now and leaving for seven, eight months so Gold has the green light to climb, climb, climb as the dollar weakens and everyone either prints or go negative rates. What a perfect environment for Gold to Climb and Prosper.
The perception that the Fed would be reticent to raise rates sent short-term Treasury yields sinking Friday, and helped gold. The yellow metal tends to dislike rate hikes, since higher rates mean that nonyielding gold becomes a less attractive investment as compared to bonds. "Gold is reacting positively to the jobs number, so with record high open interest for the year in gold," the metal is expected "to finally close over $1,300," RBC Wealth Management precious metals expert George Gero wrote Friday. Indeed, gold rose as high as $1,297.70 in early afternoon trading, putting it markedly close to the widely watched round number, and close to the highest level in 20 months.
If expectations for rate hikes continue to be pushed into the future, gold will move substantially higher in 2016. As on Friday, the fed funds futures implied a one-third chance of a September rate hike, according to CME's FedWatch tool. Based on what the April number indicates about the Fed's policy path, "the next bull market in gold is starting," predicted RJO Futures senior market strategist Phillip Streible.
Agree yet I would call it "black and blue" Monday since the Fed is going to wake up Monday more really, really sore with China's economy about to IMPLODE.
as all world economies sink into the mud as gold becomes the "safe haven" play of the decade.
Wildfire in Alberta shows significant signs of slowing down, thanks to the hard work of firefighters and a turn in the weather. Lower temperatures and more humidity have reduced the Canadian fire threat as residents of Ft. McMurray plan there return to a area that was 90% untouched by the fires.
Venezula, Brazil, Colombia, etc. (maybe even Mexico) all going down the drain. Have to short Emerging Markets since nothing will stop South America downfall as oil and China go bye-bye.
Dude - I suggest you move to Syria. Nope - how about Venezula. Nope - how about Baltic states who are soon to be invaded by Russian soldiers. Nope - how about moving to that nice little sand castle in the middle of the China Sea. Yea - that's the best place for you and while your packing take Yellen with you for "night comfort".
London Bookies now say there is a 70% chance Olympics in Brazil are cancelled. Oh well Always Football in the states.