Gee - and everyone said Ft. McMurray was gone and now 90% untouched. That's good news since oil workers have homes to go back to as oil sells off this week.
or in simple English - Short China because all the Chinese Government can do is throw Yuan's to the wind and hope they land on their new Sand Castle in the middle of the China Sea. China Implodes now through the rest of the year. BOOM
and guess what direction oil goes when news comes that the Ft. McMurray wildfire is slowly fading. DOWN
and all it takes is news that the tide is turning on the Ft. McMurray fire and oil falls through the floor. And let us not forget Saudi Arabia, Russia and Iran now increasing oil production for the rest of the year.
Makes no sense to me, especially when Chinese Government lie, cheat and fabricate economic numbers month after month after month. I still think Asian markets will open and close RED, yet Bloomberg reporting stability within China economy when ever other talking head and website is saying China Economy Ready to Implode. I'm not buying the HYPE but we will see what mother market does tomorrow.
Agree and now with Greece set to "default" sometime this summer emerging markets will fall through the floor. Oh and last I checked China bought one of Greece's shipping ports for peanuts, but now the question is "Does China even need a Greek Port" when its economy is going into Major Recession?
They come out monthly, reporting employment for the previous month. And today's miss was a Big One. You seem to be in and out of Nugt which I can understand since it can certainly swings both ways. Suggestion - buy in and if you get a big % move up put a stop order in for half your Nugt holdings. Not a tight stop but enough room to protect half your investment. I think you will find by the end of the week you'll be up and everyone else pile into Nugt before it reaches new 52 week highs.
So why are all of you having a Hard Time figuring out how today's WEAK non-farm payroll numbers impacts Yellen's thinking. Geeeze The women has told everyone and their grandmother that she will not raise rates if she signs of U.S Economy weakening. She has told everyone and their dog that she will not raise rates if Overseas markets are unsettled. And she had told everyone that she is very, very concerned about the Federal Deficit which is growing daily as we type. So in plain English (so you Nugt "Shorts" understand) the Fed is now projecting ZERO RATE HIKES FOR ALL OF 2016.
Can you handle that????? Or do you need a few more brain cells between your ears???
Dude - Nugt up 11% today. Can you handle that or were your shorting Nugt and losing your shirt. Hey better yet hold your losing position into Monday/Next Week while gold climbs and Nugt hits $150 a share by next Friday. The Fed is gone for good now and Gold act very, very well when the Fed leaves town.
smart lady though the added jewelry won't help her looks. But then again that gold necklace should double in price by the end of the year. Get my drift.
Well just $4 (and change) away from target number of $115. Be really nice if we hit that number going into close and then ramped up tor $125 (plus) on Monday.
But hey - things aren't all bad. Gold is ramping higher and could really jump of job numbers miss. And if wages don't spike tomorrow the Dow could be down 200 points before you knew what hit you.
since Oil could fall through the floor tomorrow if payroll number come in weak - as in U.S. heading towards recession. Oil at least in the near term will sell off and head back to mid-$30's if not lower.
and Libya is closer with a deal with all parties, to ramp up oil production for the short and long term. Oil glut building as we "type".
Agree and if you're long gold like I am you need to hold ABX - the miner of the group and ready to double as gold buts through $1300 and heads for $1400 an ounce by the end of May.
as Yellen looks at her "Dovish" board tomorrow and says "We Don't come back until December". Gold flies tomorrow as the Fed goes bye-bye for six, seven months as the Dollar falls off a CLIFF.
Look for Nugt to do mass volume this week as new investors flood in and buy before we top $150 and move higher. Gold seems to be the only (play/investment) right now with potential to make big money on the UP side and the world stock markets trade down and oil goes sideways. And we all know U.S. economy is slowing so Gold has no where to go except UP.
First off you need to do your homework. Barrick has very little debt after company moves in 2015. Barrick probably is one of the best leveraged gold plays going forward. Kinross is rated a strong buy or buy from several analysts. Your junior minors you mentioned are really not followed by any analysts or talking heads. So the upside potential won't be as much as ABX, KGC, etc. I'll take a 5% to 10% jump higher any day versus a 2% jump with very low volume, To each his own but I buy and hold miners that have a solid track record and are followed by more then one analyst.