By late 2015 and now into 2016, registered “owners” against Comex gold spiked to a nosebleed level of 542-to-1. Thus if even one claimant shows up for an ounce of yellow metal, the cupboard will be bare — and there are 541 other claimants as well!
By comparison, your child has about 30 times better odds of applying and getting admitted to Harvard, Yale AND Stanford than does a Comex contract holder have of walking away with one ounce of gold. Good luck with that!
lick Xi's boots.
Would you buy loans from a company known to lie about the quality of loans on its books? Thought not. Short away.
The problem is... never short a dull market and markets climb a wall of worry. Feeling very neutral on the market. I was reading Zero Hedge too much. Back to taking what the market gives. A much better plan.
A nailed NUGT. Have traded it for profit several times. Should have just held. Up 15% on current batch.
Growth? Ain't nobody got time for that!!! Just be buying your stock back at 1.5% interest. Choo Choo all aboard the Finical Express!
Until SPX hits new all time highs and tests them.... the trend is down. SPY still sitting below December of 2014 levels.... So market has gone nowhere for 16-17 months. Market has been very toppy with large bouts of volatility. Forget HFT, Fed, Earnings.... etc. From the mechanics (fed outta ammo) and fundamentals (25% of earnings growth is from buybacks) the market is toast. But, what does the chart say? ... it says "topping and rolling over" as it follows other global markets lower....
The bullish side is that the market has been consolidating for 16 months and we have central banks that are willing to do anything, anything! to keep the show going. I think the market could go parabolic as companies who produce real things, that actually have really value to humanity will show that the central banks are peddling imaginary pieces of near worthless paper. Stocks would soar as their prices are denominated in USD. As japan has shown, this central banker gamesmanship can go on for a long long time.
The current financial system certainly won't last another 100 years, but we need to make money today and for the next 10 years. So we continue to play the game we have. Good luck.