This is all noise the whole world is going to be hit with deflation gold is the ? Mark but all stock markets going down 50% and more this summer
Nugt big drop came on rate hikes that will never happen retail is getting killed jobs are getting cut as things are slowing now that oil is going up so will gas .gold will rebound over the next few days
LOOK FOR A CLOSE ABOVE $90 TODAY
Still looking for a buck or so lower open order @ $11.5 and 10.75
I don't think it will trade that low maybe at the end of the year but till then i think a low around $8 if it gets in that range will buy some for a value play then .right now i like dk pbf and vlo good value plays now with safe divy.
A 20% drop will happen as the hot money moves to the next play the stock market is now is all about make a few bucks and move on .the guys that do this as their day job know all markets are rigged .
But gold could go either way been trading in and out but have a core holding that stays put.a group of very good people that have excellent track records on gold are split how gold will do as the markets crash.but they all look for much higher prices in 2017.one thing that is happening is money is going from tech to safe divy stocks and gold in the last 2 months.this late spring and summer are going to be some wild swings looking for a 50% drop in the dow and more on the tech sector before trump is the pres.
Both should go higher this summer i see that people are driving more then last year going to work . Stocks @ low prices both good for $3-$5 bucks good safe divy and road trips with gas at low prices add up to higher stock prices.
The bankers will not let gold run and the market tank they fear gold everyone gets hit that long.nugt down $20 by friday
MAIN STREET WILL NOW ROLL TO WALL STREET