It looks promising, however, early results are from a demographic population that was expected to vote Leave. I do think there is a bit of surprise by the ivory tower upper classes that don't understand how sick and tired the worker bees are of being exploited by a bunch of nobs in Brussels.
Pretty hard to see things like this BS being stated: ""Two rate hikes are certainly possible. We have enough (Fed policy) meetings remaining but it depends entirely on how the economy evolves,"
Of course it is just smoke and mirrors, but it has a definite effect of raising the dollar and hitting gold. But, I surprised everyone doesn't know it is pure jawboning BS.
I figure they'll be doing an 8 to 10X split at anywhere between 120 and 150. And a reverse split on Dust to get them back to close parity.
Yes, it is volatile. The Miners have been smacked down for 5 years. Gold has been hated, miners have been hated. Its an election year with Yellen appointed by a Democratic President. The Dems won't allow any rate hikes that might start to unravel this tenuous ball of lies the BLS has created with their insanely manipulated statistical restatements of reality (figures don't lie but liars figure). Goldman was short the gold trade last month, and had their muppets short, they are now covering. The retail public still isn't aware of the movement in this sector, and since they are always the last in and last out, there should be a lot of buying from that direction. We, just this week, admonished the rest of the World that they had better not try to devalue their currencies against the Greenback or else! So, the trend is very bullish, the only tootsie roll in the punch bowl will be further currency devaluations by other Countries, making the Greenback the Belle of the Ball, or a rate hike by the Fed that would pull money out of the Market--and that isn't going to happen with the elections 7 months away.
So, yep, we could see some terrifying one day movements, but the trend is as clearly your friend. Plus, biotech has been sucking wind, tech is weak, manufacturing is falling off a cliff, time for sector rotation.
With the storming of the Parliament in Baghdad, IRAQ is looking pretty precarious. I expect panic buys in India and Asia on Sunday evening and that will carry over to a gap up on Monday in both the Oilies and the Miners.
You must have some serious stones to be selling naked calls on this Monster. Congrats if you can do it, but that would generate more anxiety than my nerves can take.
Yeah, serious end of day buying. It sure looked like Insto shorts panicking. Still Huge Insto Short interest l. If we get a 20% pull back on Monday the Shorts will climb on, only to face a buying rush from retails and Asia.
This is one sweet short pressing. The only thing that will end it is higher interest rates, and that isn't going to happen in an election where all mainstream politicos are sweating and looking for exit contingencies if Trump does get the nomination.
I traded it in and out around 19. Then came back in around 30 with the last buy in the high 70's. Been holding and not trading, as no matter what everyone sez, you can't trade this thing in this environment. Even with the decay, it's a buy and hold until something really unexpected occurs. That being said, you can't over allocate or it will send you to the nut house or to the bar. I'm happy with a modest 500 shares, just riding it and not worry about the day to day moves.
Nice find. So, the Asian consumer thought the price had moved too high too quick and decided to wait for a fall back....ooops, I smell a panic buying rush coming from the Asian Herd. That coupled with the historic short positions held by the Instos and the total unawareness of Joe Retail of the move in gold and their always piling in late and buying on the way up and, of course, the ultimate confirmation that we are in for a massive move up......wait for it... Canada liquidates all of its gold reserves.