Thanks Sybil. CMG to $480? That will inflame skiidady. But could happen--they can't find pigs for carnitas burritos.
A few demurs--they ask how can rates move down with record spread betw. U.S. & Europe? Dan responds that the market is one sided, so the unexpected can happen.
Now Dan N. is saying buy TLT put spreads--also turns bearish on TLT. Move to $120 he says.
BK has been correct so far. Will his TLT sell be correct? We'll see next week. One thing is certain--market will be UNCH Monday.
Next week may see a down 10% in markets, esp. if ECB doesn't deliver. What do the "trading gods" say Syb? 100% certain prediction--Monday will be UNCH in U.S.
All it takes is a couple of billionaires deciding they want a bit more silver, & silver runs to $35-50.
Super rich on average have only 0.55% of holdings in silver & gold. Silver especially is underowned, and the G/S ratio indicates silver is cheap. Silver could fly upwards, especially if market vol. continues.
Sentiment: Strong Buy
Not overbought when you consider it is 70% down from the highs. This baby could run into the mid $20s.
What happens to people that couldn't trade? Sure happy I didn't have FCXP acct!
Oh the pain for those with gains.
Near zero (or neg.) rates make the mattress & cash & gold & silver as hedges more attractive. What fool will pay a bank to hold money, which is what negative rates mean.
My guess will be margin req. will be raised--from maybe 50:1 to maybe 10:1. This will be what reduces trading opps.
Not if they welsh on the bets, they won't. Oh wait, there was MF Global. You may be right!
Lucky only if he or she can collect--will FXCM reopen before the options expire?