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.
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.
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.
All hits the "FAN" at 9:30 am tomorrow morning and it certainly won't be good for the BULL. Since both Hillary or Trump bring the bull to its knees once they take over the (gasp) White House.
$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.
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.
Didn't you read the "Uvxy Trade Warning" before buying? Its clearly posted for everyone to read. Warning - "Only go long Uvxy shares in the event of a nuclear attack, meteorite threat on a mass scale or if Hillary or Donald become President of the United States". Any of three events will send Uvxy to $1000 a share if not more. Of course you have to be holding Uvxy at the time the "warning events" hit to enjoy the ride to millionaire land.
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.
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?
because either one (either loser) will send gold through the roof since both candidates instability, corruption and flat out stupidity to the White House in nine months or less. Nothing like knowing the future leader of the United States of America is going to be so Flawed, gold might just double before the year is out.
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.
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.
Just shorted "spy" also since what to celebrate about Hillary finally getting the nomination? No female interns in White House and all female white house staff ware pants? Lawyers in every other room in the White House as Trump brings in "slot machines and black jack tables". And Trump might ban all minorities working in White House while Hillary might post signs. "Monica Not Welcome and leave cigars at the front door".
Going to be very, very ugly going forward, especially so for the stock market.