No they have not been but London Bookies are Never, Ever Wrong. Remain in Europe will Win Hands Down as Gold falls below $1160 an ounce.
The odds on British voters choosing to leave Europe in Thursday’s referendum were always fairly long, but have gotten longer after last week’s assassination of a pro-European Union Member of Parliament. London bookies now put the odds of a Brexit Rejection at 65% or higher. Now who in their right might would want to go Long Nugt or gold for that matter in front of this Bad Gold News???
Brits know they are better off with ties to Europe then shrinking in size and competing with Iceland. Brexit fails Big Time.
A lag should hit if gold is "red" - the Fed is talking rate hikes and no Brexit on the horizon. Well Gold is Up, the Fed is scared to jack rartes and the Brexit if front and center. Go figure.
as Yellen grows a whole new coat of Dove Feathers heading into tomorrow "white flag" not rate hike news for long summer while Brexit looking more and more like a sure thing. If ever there was a time to go long Gold and Nugt its NOW.
Just curious if there has ever been a time whent Spy shares were not available to short? I assume due to the the mass volume of shares that Spy moves daily, the ETF would never run out of shares to short, but I do believe its happened to QQQ and IWM. So can anyone enlighten me and let me know if Spy has ever been "short restricted" due to no share avail be to short?
Have to buy these dips since Gold is set to ramp higher as the Fed goes bye bye and the dollar weakens. And with Brexit next week and Trump/Hillary train wreck coming - Gold should be over $1400 an ounce by end of July if not sooner.
I have no understanding why Nugt is down today with Gold (green) and Brexit on the plate. Everyone knows the Fed is out of bullets and Yellen the Dove that she is - will never raise rates until late in the year. The climate now is perfect for Gold to run way, way higher and I do think NUGT will get back on track tomorrow and soon take out $130 a share and climb.
Since Yellen will never raise rates with 90% of world economics under water while the U.S. economy slows to a CRAWL.
All arrows pointing to no rate hike this summer or fall. And odd now say we might not get a rate hike this year. Nugt going way higher - if you can stomach the dips in between,
But first the FBI has to wait for the (train wreck) of a Brexit.
Upside from here is pennies but downside is huge. Especially if Fed keeps talking rate hike with all world economies going down the drain. Especially with Breixt up at the plate in two weeks as everyone in Europe starts finger pointing. Especially since its now a race to see what happens first - China Economic Implosion or Naval war with the U.S. in China Sea. Especially since everyone with a Brain hates Trump and Clinton since both will bring the way of life in the U.S. to a scary stand still.
Yes - why indeed go long Spy now???
Now won't these (solid) choices make November's election interesting. Especially for "Slick Willie" and the Lincoln bedroom with Monica.
and you know the month of June will set records "for buyers of gold, gold mining stocks and gold ETF's".
Gold over $1300 an ounce by Friday and possibly over $1500 an ounce my late summer. All Aboard