2021,pop will be ahead of the curve.
GL and be patient.
Out of the blue.........
Our GDP, our total economy is $17,000,000,000,000. That's 17 Trillion dollars.
Our debt, believe it or not, the total United States debt is now $17,600,000,000,000.
Debt, as a representation to our GDP is approx.103%.
That's with no inflation ( Hahaha).
That's with near (0) interest rates.
Best case scenario for the Fed is to cut the bond buying program entirely.
Then rates go up. They say they can control the increase in rates.
Let's say they can.
But what about the debt burden?
If I rates go higher, they have to pay higher returns, meaning they must pay out more and increase debt.
They want to reduce unemployment and create DEMAND.
How does that not create demand inflation?
Couple that with our already crazy monetary inflation.
Any way you slice this, paper money is dying.
The day of reckoning is approaching.
Maybe they'll control it and the curve won't be steep. But it WILL curve up.
Leaving geo-politics out of the discussion, where do you think Gold and Silver are headed long term?
Hey JO, (you know what that means right?),every week is an option ex week.
And your lame excuses stopped working about 3 months ago.
The underlying miners in GDX and GDXJ are performing very nicely.
Stay short little JO.
•Oppenheimer technical analyst Ari Wald sees big upside in gold miners going forward, and is more bullish on the miners than the metal itself.
•Wald thinks the Market Vectors Gold Miners ETF (GDX +1.6%) can soar more than 40% from current levels to his price objective of $38; GDX has finally broken out from a long-term downtrend, he says, suggesting a new trend of outperformance is underway.
•The analyst considers GDX a top trade idea, and believe the ETF has a stronger floor and offers more upside opportunity than the SPDR Gold Shares (GLD +0.4%).
•Among individual GDX components, Wald recommends Goldcorp (GG +2.5%), Randgold Resources (GOLD +0.4%) and Royal Gold (RGLD +2%).
You need to weed through and flag/ ignore a number of homeless folks on this board.
For the most part, many of the folks worth conversing with rarely post.
Sorry to say.
But that's the freak'n internet.
Funny how they do that.
Actually, yur right.
Looks like it's running too fast.And if we have a continuation of a market dip, this could get a bit weaker. But it could get volatile and run......or drop and run.
Anyone investing and / or trading this is NOT in it for a 5% gain.
When I bought at $63,I wasn't looking for $75 and if it went down to $60,I wasn't going to be scared out.
I'll decide what to do after $100.
And if it drops,I will add large.
Just my op.
and guidance is weak, we have a 10% drop in front of us. Short position will remain and possibly grow.
Other side of the coin.
Loss is as predicted, .99c or so and guidance is as expected. Analysts upgrade. Shorts cover. Upside is new 52week high quickly.
Loss is less than projected.93c or less. Guidance is particularly encouraging. Analysts upgrade.
Targets of $100 are forecasted. Shorts cover.
Pigs can't fly, but stranger things have happened.
Whoever thought an electric car company would thrive, have a market cap of $30B and the PPS of $250?
and take the long road on ANY dip tomorrow.