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".
now that Melisandre magical chocker is removed. Gee I didn't know the FED has such acting ability (or should I say god awful looks).
So true but at some point (something, someone or some event) will call the Market's bluff and when the Bull shows his cards its game over and Hang "Em High. Bull about to get railroaded out of town,
so do you really, really want to go long SPY into the month of May - when Smart investors dump all stocks???
to keep up with Saudi Arabia, who wants to keep a head of Iran, who want to triple oil production by end of year. So long $45 oil and hello $30 Oil next month.