going higher is good for stock prices, and oil going lower is bad for stock prices. Every talking head is promoting this garbage like it is a given, and now the stock market is being lead by this BS.
If anyone else was CEO of IAG, I would probably stay in and see how the fed plays out. However, with Letwin still CEO and being re-elected, I have faith the price will drop below $3 in the next 2 weeks. Therefore, I just got out completely for now. Best of luck to everyone.
It's all about the election cycle. The fed needs to get the rate hike "out of the way" before the craziness of the presidential election session really starts to kick in. Could you imagine what would happen with a rate hike in Sept or Oct of this year?
The announcement is due out in about 30 minutes. I want to see how the price of IAG reacts to the announcement before making any buy/hold/sell decisions.
gold is up on Yellen's latest statement, but I bet it won't last more than a day. Let-down will find a way of killing IAG's price further before the PoG drops.
You would think the markets would panic and gold would be through the roof after last night's bombing, but we've all become immune to shocking events. We can see tragic things happen on live TV, we barely flinch now, and almost shout out, "NEXT!"
Now leave it to Let-down to screw this chance up. Somehow the shareholders have to stop him. Make sure he is voted out, along with the rest of the BoDs.
I finally saw the video of Let-down on Bloomberg from several days ago. No wonder IAG's price is dropping like a stone. This guy has no substance what so ever. He's a idiot. Why hasn't the BoD kick his butt to the curb? He tells everyone how cost cutting is going to save this company, while he misspent on hedging oil and other garbage. It takes 2 minutes to watch this video and realize this jack-wagon should be out of this company.
At the end of the day 4 to 5 times the normal volume, and who knows where it will end (down or up). All indications are someone knows something, but I don't see any news release. That kind of makes me a little paranoid about this company, and with Letwin's passed behavior, that maybe justified. Gold up, NUGT and GDX up, yet IAG drops. What gives?