will Canada oil production back online, Venezula pumping oil for pennies, Iran pumping for more Nukes and Russia and Saudi Arabia pumping to maintain market share. Gee it sure looks like we reach storage capacity overflow sometime this summer if not sooner.
Brexit coming since why would Great Britain want to stay in the Euro with half of the Middle East now moving to Mainland Europe?
as everyone smiles yet really wants to stab each other in the back. Oil collapse starts TODAY.
Perfect storm now for gold to go for $1230 an ounce over $1500 an in the flash of an eye. The Fed is out of the equation now due to worst non-farm payroll numbers in five years. Dollar weakens as world Volatility spikes. If ever there was a time to go long Gold - ITS NOW.
as new investors flood in and buy and hold Nugt while its still under $100 a pop. Oh by the way - where is JR today? He should be celebrating unless he missed the big move up this morning.
since China is set to free fall deep into the abyss as Uncle Sam says "we got no dollars to buy China junk" and as Trump says in eight months - China is HISTORY.
Yang shorts China Economy and I do see Huge Bears forming in the Far East.
Agree - Yellen said she is "Date Dependent". And if anything last Friday awful numbers pushes a rate hike way off into the Very Far Distance.
Time to go long Nugt and ABX -
While monetary policy has been a large driver of gold prices this year, Jessica Fung, a metals strategist at BMO Capital Markets, said slowing global growth will push gold substantially higher. ALL ABOARD
Buyers took advantage of gold’s price volatility to boost their holdings in May, according to data from BullionVault. The increase in buying lifted a key measure of gold investment to its highest level in roughly three years, BullionVault’s report, released on Tuesday, shows.
The Gold Investor Index, run by internet-based metals exchange operator BullionVault, jumped to 55.8 in May—its highest level since April 2013. It stood at 53.5 in April. The gauge tracks the balance of private investors starting or growing their gold holdings on BullionVault, against those who cut or sold their holdings. A reading above 50 suggests that there are more buyers than sellers in the market for gold. And this buying trend should continue well into this year and 2017.
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
Now won't these (solid) choices make November's election interesting. Especially for "Slick Willie" and the Lincoln bedroom with Monica.
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???
But first the FBI has to wait for the (train wreck) of a Brexit.
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,
Since Yellen will never raise rates with 90% of world economics under water while the U.S. economy slows to a CRAWL.
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.