Doesn't matter if they taper now. Damage is done. Dollar is cheap. The taper won't last long is my guess. It could even increase.
Your leaders are "they" and you are right it is 65 billion a month. But that really is making our dollar cheap don't you think? I do, I've heard of countries that want even accept our dollar any longer. I don't know that to be a fact, just rumor but still...
One last bit of advice, when the equities average P/E hits around 17 to 18, the market has a significant correction. The average P/E is now over 18 plus has been in a bull run for 5 years. They normally only last only last around 4. This means if anything does happen over the weekend, the market is just waiting for an excuse to collapse. I'm not talking a full crash but you will see a significant correction. If that happens, another catalyst to propel gold. By the way, new bull run in gold will last 2 to 3 years easy. It'll have its normal corrections too, but you will make a killing. Buy and hold. I bought 2000 shares of nugt back in the first week of Dec. I have 27.22 a share in them. Buy and hold and don't let idiots tell you sell it daily, non-sense.
late. That's happening now. But eventually people figure out it is a bull run and then jump in all at once and usually too late. The Russian thing was the catalyst to start gold in a new bull run, but gold had already bottom for awhile. Now the big money is buying gold and the bankers have to dump their bad assets before you catch on. Thats why you always hear doom and gloom right at the start of a new bull run. They'll still say things are bad but yet the price is going up. By the the way, the HUI broke out today further confirming the bull run. I don't want you to take this wrong and I'm not bragging but I make a lot of money trading stocks, a lot. But I've been doing it for over 23 years now. I don't don't just throw money at the market. I have a plan when I buy. And, Do Not be holding DUST come Monday morning. A little birdie told me things might just escalate with the Russian thing. With the HUI breaking out today, nugt will probably see 60 to 65 dollars. Dust could go as low as 13 to 15. I'm not a gold bug either, I just look for value and there is none better than GOLD at this time with the current conditions. Good luck to ya. Keng, if you truly knew what you were doing, you would not have to own both nugt and dust. Just buy nugt and sleep nights.
Why you may ask would our Gov help them in this manner, it is because the US is broke and out of every 1.00 dollar our fed spends, between China and Japan they loans us 43.5 cents so we can survive. They do this by buying the bonds we sell them. How do we justify selling all these bonds? We print 75 billion dollars of new money.Now China and Japan and a few other smaller countries knows we'll never to be able to repay them if they want to sell back to us those bonds. As a favor to them and to continue to survive, the Hugh Central Banks have been manipulating gold. Gold miners are the most under valued industry in the stock market. China has finally hit a bit of a pit fall and have now back off buying so much gold and consequently eases the need to continue to manipulate the gold price. I understand you don't know me, I can appreciate that. But my thing is understanding the world economy on a big picture. Now just 4 months ago I was still short gold. What happens in any new bull market or new bull run in a stock or industry, most fail to see it until its too
You know Kengall, first and foremost, this country is finally catching on to the fact we are being lied to from everything from the economy to the constitution. I may add they are doing everything in their power to discredit our constitution. The Global economy is headed south too, China, Japan, and then you have this Russian thing. Also, rather you are aware of it or not, a lot countries are in favor of replacing our fiat dollar as the reserve currency of the world with a new one. China has been stock piling gold for years now and the true numbers that they have purchase are unknown. China even bought the Chase Manhattan Bank after your uncle sam filled the basement full of gold. They bought the building and the gold. Thats a fact and I know you'll find it as hard to believe as I did. China's plan is to back their money with gold which will make ours irrelevant, and with your Feds help, they are succeeding.
But Gold have wings. Most people fail to see a new bull run until its full blown and then jump in too late. That's what's happening now. It is obvious to most that it's been trending up too long to be a bear rally and yet the super egos are able to convince the people whose only due diligence are on these msg boards. Gold Is A Bull. Accept it.
They had a better than excellent earnings report, but going forward really got me excited. They are talking growth with a capital "G"
Its not Russian Roulette. It's a new bull run which most people fail to see until it's full blown and then they jump inwhen it's too late. Thats what happening now. Too Funny !
they only have 56 mil outstanding shares with a float of slightly over 50. I can almost see a forward split. I love their forward projections.
lol, thats a "Short Squeeze" for sure.
Thats the the point, the reasons gold is going up are because of a lot of factors. It's not just one thing. It is in my opinion the big picture of a little of everything. The state of the world is as much a fundamental to gold as the profits are to the gold miners. NUGT is actually leading the miners. It's crazy I know, but nugt is trading more with gold than the GDX, HUI, ...Bottom line, gold made another new 5 mo or so high today. Too long to be a bear rally. Time to face the facts, gold is entering a new bull run long term.
People, tomorrow is Fri. I have become aware of some things that are going to be taking place over the weekend. Do not be holding DUST come Mon. morning. I look for DUST to go to 13. 15 bucks a share. NUGT will soar maybe as high as 60 to 65. All week I've been telling you gold is in a full blown BULL RUN and not much is going to stop it now. But there are things that are going to propel it. Do Not be influenced by the die hards on this board that have been consistently wrong. See you Monday on the NUGT board.
Another banker, lol. Please, give it up and join the winning side. You're throwing good money after bad. Gold is just starting this run up. It's been trending up too long to be a bear rally. Admit you're wrong and reverse your stance and get some of your money back. Don't let your ego rule or you will never make any money.
relating to or affecting the underlying principles or structure of something.
That is the definition of; fundamental. I think you would agree world events affect the price of a stock, ETF or REIT or whatever.
World event is a fundamental, its not a technical is it? And are you making money in dust? I take NO, so I sure in heck don't need your advice. If you knew what was going on you would own NUGT. So Funny!