since if Brexit fails - the Fed Chairwomen is going to jack rates in July. Now if that happens you just watch how fast Dust climbs over $50 a share and sets it sights on $100.
as odds increase that the Remain In Europe vote will win - possibly convincingly.
Just bought - I can see an easy double going forward. Now the question is - does the "SPY" board see it also?
and I still believe we open $12 plus tomorrow and don't look back. Gold sinks as the Brits tell Europe - We are ONE.
and unfortunately for dust it will be several years before it will be able to stand up again. Gold ramps higher as Bullard says only ONE rate hike needed through 2018.
Bullard is advocating the idea that to achieve the "steady state" of the economy the Fed desires - 2% inflation and full employment - interest rates may simply have to be lower. Instead of focusing on a long-run interest rate where the Fed thinks it should be, the thinking goes, the central bank should react to its goals and the state of the economy.
Man some where Soros's must be smiling and also anyone who bets gold goes higher in 2016, 2017. Sure I'm watching Brexit news next week but that's small potatoes when a Major Fed Board Members says only One Rate hike over next two years. Gold my friends is now perfectly set up to ramp Way Higher.
Dude - Fed didn't go on long vacation - they went into Major Hibernation with Bullard saying "Only One Rate Hike Through 2018". So now the Fed sleeps for one or two years as Nugt heads for $200 plus a share (this summer).
I was whipsawed thinking my stop was safe at $123 when GLD was over $125. In any case I'm back in today because the Fed is really Putting Up Big Signs Now - Saying No Rate Hike for a Long Time. Got to go long Gold and miners since Fed inaction on rate hikes means Gold climbs to new Highs.
and I even hate it more when Gold is up or relatively flat and Nugt is way, way down like today. The swings kill you and we were just at $115 yesterday. I won't play this game this week - but maybe back in next week.
Best to get out of your long Uwti position or kick yourself down the road for losing all your profits and showing a serious loss in June, July, August and rest of year. Oil topped and now heading back to high $30's a barrel.
More like Russia nukes, China - China sea aggression and Lunatic Donald versus Crooked Hillary. Now that will keep you up at night, especially if you're long SPY.
Its sure ramping higher this morning and I bet we see a Nugt volume surge since "NEWS" going forward will force Yellen to swallow her tongue and say in July - No Rate Hike This Year. That's music to gold's ears.
actually gamer1421 both these 2 #$%$ bag candidates will destroy each other thus weakening the U.S., the U.S. economy and the future of the country. And you're some what of an air head with Monica, FBI, Rose Law Firm, Benghaz cover up, slick willie, emails, "I always try to tell the truth - Crooked Hillary" all adding to Hillary's baggage. Trump will not be president because he speaks before he thinks and when he speak his IQ drops, but if you think Hillary walks on water you are not very bright. Only thing Hillary walks on are green dollars she pocketed from Chinese government, over paid speaking engagements, and putting money in the Hillary bank for "fake charities" she ran while Secretary of State.
But please vote for here since she has such "strong leadership skills and carries such a "STRONG MARRIAGE"
Agree - time to exit long position in stock or at least move some assets to "safe blue chip" investments. Going forward Volatility will spike and Gold could very easily be the big percentage mover (UP) for the rest of the year.
Question is how long does this go on before someone goes "LEGAL"?
which means its full Speed a head for a June Rate hike - this first of the year. And as we all know - Dust loves summer rate hikes. See you over $20 a share very, very soon.