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.
Should see a "complete wash out of Gold Short" this coming week as gold breaches $1300 an ounce and sets it sights on $1400 an by mid May.
and as if you didn't know - when China reports things are always 10 times worse - since the Chinese government lies about everything.
China’s purchasing managers index (PMI) for the manufacturing sector slowed to 50.1 in April, down from 50.2 in March
just as it did back in 2014. But by next Friday we should be $1400 an ounce and setting our sights on $1500 an ounce by end of May.
It's Deja Vu all over again - That said, it was certainly a contributing factor. The metal’s safe-haven appeal intensified Thursday when US President Barack Obama announced plans to deploy up to 300 military advisers over to Iraq “to help its struggling security forces fend off a wave of Sunni militants who have overrun large parts of the country,” as per The New York Times. Also pushing gold up, according to Money Morning, was the dollar’s fall to its lowest level in almost four weeks. That happened on the back of news out of the FOMC meeting, at which the Fed “suggested a more aggressive pace of interest rate increases starting next year,” but “lowered projections for the long-run target interest rate.” That, the news outlet states, means interest rates won’t rise in the near future, and, when they do, “will still sit at low levels.”
and we should break $20 on Monday as gold sets its sights for $1400 an ounce sometime in May. Never fight the FED especially when they just signaled no rate hike until late this year (if then).
as U.S. economy comes to a stand still as Yellen tells Fed Board "NO RATE HIKE THIS YEAR".