but odd that uvxy is still red when it should be very green in a good side after market down draft.
Ashok Shah, investment director at London & Capital investment fund, said upwards blips were possible but doubted they would last. "You are going to get bear market rallies but structurally the market has been broken and over the six-month period you'll get the bear trend continuing," he said. Gold short term and long term (now) is down.
And never ever try to catch a falling knife.
Just bought JDST since its still the best double bet over the next few weeks as Yellen gets out her rate hike pen late summer.
cause it knows there's no going back to the old gravy days of printing presses and free money. Once the market gets around to realizing Yellen wants Rate Hikes NOW, its game over for the bulls and also gold bugs.
Who let the dogs out? Always thought Chinese liked eating dog. Now I understand they are eating gold, as it free falls below $900 an ounce.
Gold hits five-year low under $1,100 on Chinese selling (timber)
Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal. Investors have been finding less and less reason to hold gold as an insurance against risk, with the dollar strengthening ahead of what is expected to be the first increase in U.S. interest rates for nearly a decade.
Let the Greek Elections begin as Volatility spikes knowing the Greece will never bow to Creditors needs.
and it gets uglier for Greece and Europe - IMF is not allowed to participate in a bailout of a country it deems to be carrying an unsustainable debt burden. So long Greece - We hardly knew ya.
IMF's memo, "set off a political earthquake in Europe."
Earlier on Tuesday, a report from Reuters said there existed a "secret" IMF report that said Greece's debt was unsustainable. And furthermore the IMF doesn't plan to lend Greece a dime under current (weak) agreements.
and rumors fly that Yanis Varoufakis now wants to be Prime Minister. Boy - that sure would make Germany blow a gasket.
Prime Minister Alexis Tsipras will return to face a mutiny within his coalition after he surrendered to European demands for action to qualify for up to 86 billion euros ($95 billion) of aid Greece needs to stay in the euro.
Wolfgang Schäuble says I'd rather deal with a Used Car Salesmen then this current Greek Government. In other words "Greece's latest offer" is probably Dead on Arrival as far as Germany is concerned.
What goes down must come up, especially with Oil Demand increasing, Iran Nuclear talks in dumpster and peak driving season in U.S. Watch oil climb going forward as Saudi finally caves and says "we stop pumping" so we don't run dry in a year or two.
Obama - Now less then a 50-50 chance that Nuclear deal get done. Google it Dude - even the President is throwing in the towel knowing that Iran will never let U.S. inspectors on Iranian soil to inspect squat. The Iranians have played Kerry/Obama like complete fools but Obama is the bigger fool for ever thinking he could stop Iran's terrorist regime from getting Nuclear Weapons of Mass Destruction. Oil climbs as talks crumble.
as world markets stabilize and investors swoop in to buy Alibaba on the Cheap