they really don't know what gold really is, including bugs beloved Peter. gold price has been bottomed for many times this year. don't tell me this bottom is rock solid. I did observe buying volumes being doubled in the past two sessions, then dropped back to its normal average. if this is a rally from a new low, where its top is set then?
Welcome to the lows.
APPL is definitely in the cross-hair.
Don't give up just yet. The morning trade so far is effected by slew of M/A activities and Target's report. Wall Street "can" expect a regular Thanksgiving and Xmas sales.. But...
based on the uvxy trading today, I am afraid that percentage of companies prepared for rate hike is not higher than 50. Regardless December or March 2016, they are not prepared for any rate hike. This stress test in real world would cause market volatility. The impact could be short term to a healthy company or long term to those requiring high level of capital maintenance.
make it simple for you. 7.76 is the pivot of stay or leave if you are a disciplined player like me. tomorrow is the day.
the oil glut is piling up. in case you want to protect yourself and not done anything yet. buy some uvxy. It new boss is sleeping.
you don't need Paris tragic event to buy DUST. gold in investment landscape has lost its identity as fear gauge. gold is useless in investment in another word. Period.
shorting uvxy directly is proven yesterday as a twice profitable strategy than svxy. not mention buying put yields 12 times higher profit.
not much meat left, 10% today possible, which is why your new boss is not out. uvxy will stay flat for a while until the Fed minutes comes out tomorrow.
Here is news saying that OPEC basket price hits its lowest level since 2009 when the US market crashed basically. We didn't have oil GLUT then, other than lack of demand. Now we have oil GLUT, but demand is pretty healthy with historical low unemployment. Who will be down first in front of this GLUT, OPEC or consumer? Of cause, it is gonna be OPEC, right? How about OPEC's market share? you may ask. This question is not very intelligent since the other side of this exchange between cheap price and market share is less available resource for future. What the US oil industry suffers now is exactly what the US will gain in future. No one can move this resource out unless you dig it. So, here comes the final question. When the balance between price and volume will be made? How about the rate hike? Any impact on OPEC? We know Euro is relatively cheaper versus Dollar. With strong petrol-dollar, OPEC can make some appreciation on dollar. OPEC is pretty much competing with Russia for European export. The dollar is getting stronger, OPEC can get even higher on dollar appreciation.
I know, you get more confused because no one is discussing oil this way.
today's trading curves of 3 months DWTI and UWTI cross each other percentage wise as they did 3 months ago. The tie could favor UWTI this time.