You hold for many reasons. Fed out of the equation this summer. Oil sell off company and as we all know when oil drops it pulls down world markets. Brexit vote days away and gold will ramp higher into U.K. vote.
Trump pulls out all the stops next week and pounds Hillary above and below the belt - which int turn pushes gold higher since everyone hates both candidates. Lastly every talking head (with a brain) says go long now - and for once I will follow their advice.
since very few (long) investors will want to hold their positions going into next week. Fed sits on hands, Brexit gets closer and Trump and Hillary start the dog and pony shows. June Swoon has officially started.
U.S. economy heading towards recession, Brexit and Trump versus Hillary Nightmare. Now this is Scary Stuff as Mother Market goes Deep South today, possibly never to be seen again until the Federal Deficit goes from 20 trillion to 10 trillion. What a pipe dream.
and up coming train wreck of November presidential elections. Hillary vs Trump - choice of two poisons that both will kill U.S. economy but send gold to $2000 an ounce.
all very very good for Gold Longs and Nugt holders.
as the train wreck of a November Presidential Election approaches. Never ever short gold when you have two idiots like Trump and Hillary running for President - since both candidates cause Major Volatility and stomach indigestion.
Gold jumps $12 plus today as everyone knows Trump vs Hillary is a DISASTER. But very good news for GOLD
and GLD should break $123 this week and head higher though I do like Nugt at $101 a pop.
because American don't like to vote for Baboons. Especially one with an awful haircut that wants all minorities out of the country and the other that continues to lie, lie, lie like there is no tomorrow. If you gave either of these two jokers a lie-detector test the machine would blow a fuse because it couldn't keep up with all the Lies.
I guess anyone other then Trump who is a Democrat who puts U.S. soldiers and undercover agents at risk by sending millions or emails unprotected emails through her illegal private server is considered VERY SMART.
And I could mention someone who married a #$%$" like Slick Willie is supposed to be considered very smart?
With more "smart people like this" the world will be in a far worse place going forward. And if anyone think I'm a Donald fan they can stick it. Trump is one Huge Train Wreck who fell off the tracks months ago. Yet he keep blowing hot steam out his hole every night.
Oh Asian Markets will be red in a couple hours since China is spending more money beefing up China Sea security, then trying to save its own Stock Market from a Major Melt DOWN. First China goes Red and then come Monday Yellen's face goes RED as she admits to the world "THE FED IS OUT OF BULLETS as the BULL DIES IN ITS TRACKS". Look out Below
but it won't stop their as Yellen grows more "White Dove" feathers and tells the wold - The Fed is Data Dependent and the Data says NO RATE HIKE THIS YEAR.
so its a "no brainer" buying Nugt here since Lady Dove Yellen is now Super Dove Yellen after today's awful non-farm payroll numbers.
Massive jump today but I do think it continues into next week as more and more Fed members says "no rate hike this summer" which is music to Gold's ears.
and not because both ETF"s have dropped over the last 7, 8 years. What the SEC should investigate are the small moves higher Uvxy and Tvix have completed over the last decade to determine if these two ETF's trades fairly both ways. If the SEC did that they would flat out shut down both Uvxy and Tvix because the long term pattern shows,
Both ETF's trade down 10 times faster then they trade up
Both ETF's (when Volatility strikes) act irrational and many times show little gain/profit for long investors
Both ETF's are now 2 to 3 hour holds versus years back when you could hold them for weeks if not longer.
Both ETF's don't react to Volatility anymore (short term or long term)
Lastly, both ETF's don't follow any regulatory guidelines or SEC compliance guidelines since their both broken vehicles for those who think they are a smart way to play a never coming market correction.
Whoa - now we're talking some serious Volatility just weeks away. And remember "Mother Market" is always forward looking, so get ready for a Big Market Swing DOWN.
Mr Wilders says that if Brexit happens, he will “immediately” propose a referendum on Dutch exit from the EU.
Sitting in front of a portrait of Winston Churchill, Britain’s wartime leader, in his office, he told the FT: “When after Brexit it turns out that the lights don’t go out and war doesn’t come, that could be an enormous stimulus not just for the Netherlands but for several countries to think of leaving.”