and at what price they will sell? $70 a share, $65 a share, lower?
My assumption is no one is going long gold or nugt into tomorrow's U.K. vote so any volume action here is "shorts" coming in buying before the drop. Should see some wild swings either late Friday afternoon or come Monday as "Short" cash in.
$16 a share?
$18 a share?
$20 a share?
Since it will be a squeaker (close) I'm saying Dust hits $18 on Friday, possibly higher. As many here know Dust and Nugt can rocket in both directions very very quickly, so if we wake up Friday morning and see the Following Headlines "Remain in England Wins" Dust certainly will take off. It would be nice to see it blow through $20 but I'm thinking $18 something at close.
but the really good news is that gold will sell off this week and I see Dust over $30 a share come Friday morning as everyone in the U.S. wakes up to a "Remain in Europe" win in G,B. thus slamming gold way down for the immediate future.
Good sign for Monday and of course we should have another Fed member early next week say no rates hikes for next two years. GOLD only has one direction now and its UP.
What's new is that Russia has to start a massive Middle East war to get oil higher. Will that happen - don't know but I do know that Russia will do anything to push oil higher and if we see an escalation of fighting in the Middle East - Gold goes Way Way higher.
as gold miners set to rocket higher on not only Fed inaction but probability that Brexit gets pushed through. ABX over $30 next week and climbing.
and so just a few weeks ago we had a few Fed members beating the (possible rate hike news) in July to now find out the majority of Fed members only want one rate hike late this year. If that. Don't know about you but Nugt looks like a "strong buy" here going into next week, next month and the rest of the year. Don't see gold falling much now with the Fed out of the Picture.
to make sure I'm long Tvix into next week's Brexit vote. Yea I know that's risky but the Upside is just to BIG for the Brits vote to leave Europe. And though Tvix can drop I don't think it will (much) over the next three - four trading days before the vote. Downside pennies from here but upside - well maybe over $10 a share. Stranger things have happened and we all know Tvix is due to BREAK OUT.
yea boring and no 10% moves (up or down) but long term I can play gold going higher and keep my commissions down. You got to time Nugt just right to win and that's hard over the long run when GLD and IAU move so much slower you can actually buy and hold for weeks if not months. Hey the Turtle beat the Rabbit so wish me luck.
I like your target prices but actually think Spy could be below $189 next Friday if U.K. leaves Europe. In any case all arrows not point DOWN for market and Spy.
as new buyers flock in and buy on the cheap knowing the Fed is weak as a kitten and the U.K. about to IMPLODE. Watch little TVIX do over 100 million in volume tomorrow and then get your popcorn for next week's market sell off.
a few years back. Gold going higher so it would be nice to know what the past record was for Nugt when gold was substantially higher. My assumption is Nugt was well over $200 a share when gold breached $1400 an ounce but that's pure speculation on my part.
Nugt seems to be dropping as stock market sells off which I find odd. Could be profit taking on Nugt investor's part but if stocks sell off (today's action) that should push gold/nugt higher. So you would think. It will be interesting to see where stock market is at close today in relationship to Nugt closing position. Yea I know we're up 11% which is good but if market sells off this afternoon will Nugt still be up 11% (or more) at close?
Oh my and I thought Hillary or Donald had all the answers heading into November. Gee - seems the market now knows otherwise. Thus the 300 point Dow sell off tomorrow.