and you know that one - two punch will take Gold under $1000 an ounce.
and you know Goldbugs won't like that outcome - At ALL.
at least (short term) since the so called "flight to safety" for gold goes out the window for a few days/week. If Brexit fails markets will ramp higher Friday and Gold will drop Hard. Wait a week or (maybe a little longer) to go long Nugt because it could really take a haircut today, tomorrow and next week. We're talking Sub $60 since these crazy miner etf's always over swing down and up.
Dust over $20 and flying higher come Friday morning. - The Remain campaign has opened up a seven-point lead over Leave just two days before the referendum, according to a new poll.
and if true that's very bad news for gold and gld but great news for DUST. Sure looks like Gold Correction time to me.
The Remain campaign has opened up a seven-point lead over Leave just two days before the referendum, according to a new poll.
No you buy after the Brexit vote with G.B staying in Europe and picking up Nugt around $67 a share. Patience grasshopper or you might lose everything getting into a "long" nugt position way, way too early. Timing is everything but you don't touch Nugt until Friday morning at the earliest. Personally I'd wait until late next week cause the Fed is going to be pushing rate hikes after Brexit defeat and you certainly don't want to be long Nugt with the Fed hinting at a July rate hike.
I'm not ready G.B. vote into currency moves though the Pound will strengthen if "Remain in G.B." wins. Where gold will shine is that a Brexit failure will reduce volatility across the board for "world markets" thus pushing Gold down. And Yellen right now is telling Congress she wants tor raise rates ASAP - so a "Remain in G.B. win", might just push Yellen into Rate Hike Mode. Dust is the place to be for the next few days if not longer.
Yea my feelings exactly - but dust volume is jumping today as new investors flood in and buy on the "cheap" as Dust could easily double come Thursday and possibly go higher on Friday. Buy low - sell high and right now Dust is "dirt" cheap.
and boy that sure is "Music" to Dust's ears. Fed Chairwomen about to raise rates if G.B. shows Brexit the door. Double punch to gold's gut as the Fed tightens as G.B. stays in Europe. BOOM - Dust over $30 a share before you know what hits you.
not this week. Brexit is the "NEWS" and its going to have a very Negative impact on gold if the "remain in G.B. win". Long term I see gold going higher but not this week as stability in Europe will push gold way, way lower this week and possibly next. Never buy and hold these Gold etf's long term since they go both ways but right now Dust is set to fly higher Monday through Friday this week.
and I show you how to Grunt Like a Man.
cause you know Putin's hand might just be a little closer to the "NUKE" button. Only question now is - are Russian missiles pointed at I.A.A.F., Brazil or Uncle Sam. Who knows but going forward Russian Economy TANKS on being banned from Rio and Falling Oil prices.
and Since Yellen is still a Major Dove (even with her feather off - yikes) I'm still going with Bullard and his "Spock Logic". Fed can't raise rates with 2/3 of world economies in the toilet. GLD set for new highs as Fed throws up the White Flag and says "We give up on Bluffing future Rate Hikes".
The Kremlin has strongly warned Washington against striking Syrian President Bashar Assad's forces, saying it would fuel turmoil across the entire region and might bring Russian forces to attach U.S.
Time to buy Gold/Nugt as not only a Safe Haven play but a Smart Play.
and Brexit approached. Sure looks like Voltility spikes next week pushing the Yellow Metal way way HIGHER.
where there is instability, no respect for govt. officials and where she will be right at home with her white wig, I mean white hair. Timing is everything especially if your a "late to the train wreck Fed Chairwomen".
and a U.K. exit on June 23rd. Spy $180 a share come next week.
and then go Lobster red as Yellen says "I have to Raise or lose my job". Gee sure looks like the old bag is finally forced to act versus kick the can down the road. June is off the table boys but its very much on in one month - and that freaks out world stock markets.