Yes a negative equals a negative. Trump with Nuclear codes and Hillary with weekly lies to public/press to protect her mounting assets. Old Bill banging away in the Lincoln room while Trump say no Mexicans, Muslims or Blacks allowed on White House property. Oh and just think how Hillary gets along with Congress as the FBI investigation drags into her (possible) first year in office. World Markets are going to "Freak" knowing the good old U.S.of A is going to be completely lacking leadership for the next four years. YIKES
and if anyone thinks Yellen today "grew a set" and is ready to jack rates this summer - they are crazy like Trump and as crooked as Hillary, Enough said.
and I still say we could test $106 to $108 into close. If anything Yellen did today was paint a very clear picture that the "Fed" is scared and more Dovish then ever.
so dump Dust as fast as you can and go long AUY, NUGT and GDX. Gold now set to ramp way, way higher.
so don't fight the Fed and go long GOLD
Payroll numbers say point Blank - The FED does not tighten until end of Year. Gold Romps higher as no rate hikes this summer and Brexit coming up this month. Nugt set for long term Blast Off.
Always good to hear Draghi speak because you know he will send world stock markets way DOWN.
and you know oil is going to fall hard today since there are no future Opec meeting scheduled as Iran tells everyone - We pump as much oil as we like to make money and take your (oil) market share away. Oil back to $40's maybe lower when Nigeria comes back on line.
as Jack and his part-time CFO keep saying the Billions of dollars moved to personal charity funds should not be related in anyway to Jack's or Alibaba part-time CFO family members. Seems some of these Alibaba charity funds either don't exist or are run by Jack's (shadow) family.
and you know the SEC will bring Baba to its knees with insider trading fraud, company number manipulation and fake financial reports. China going down as Allibaba dumps stock as fast as they can before it drops below $30 a share.
Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays on retaining market share, while concerns about China's economy weighed on the demand outlook. Or in plain English - its Everyone Out for Themselves as Oil dive bombs below $40 a barrel next week.
Watch oil dive bomb this week as we get another Opec 3 ring circus as Saudi Arabia, Russia, Iran and everyone else smiles and then says "Blood is thicker then oil" so we all increase oil production to save market share and buy more missiles. Let the Oil Sell Off Begin.
Personal spending surges - Odds just increased dramatically for a June Rate Hike and that's bad news for the DOW.
and the 'Bull" certainly won't like the smell of burning cow hide so close to home. Spy closes red today as we march closer and closer to a June Rate HIKE.
Could be 80 cents after Yellen speaks today. To risky going long here since upside is pennies but downside is HUGE.