as gold ramps higher as the U.S economy weakens.
first thing Monday morning. Seems China PMI miss along with civil unrest in Baghdad and falling U.S. Dollar has now created the perfect environment for Gold to push through $1350 and head to $1400 Plus. Oh and last I checked a certain elderly women by the name of "Janet Yellen" was first in line to buy Gold Monday morning. Seem the Fed knows which way Gold is going since they won't raise rates until very late this year.
first thing Monday morning. Seems China PMI miss along with civil unrest in Baghdad and falling U.S. Dollar has created the perfect environment for Gold to push through $1350 and head to $1400 Plus. Oh and last I checked a certain elderly women by the name of "Janet Yellen" was first in line to buy Gold Monday morning. So always remember - never fight the Fed, especially when its leader won't raise rates until late this year.
June, 2014 - A week and a half ago, gold reached a two-week high as conflict raged in Iraq. Hey its now happening again but this time Gold will jump through the ROOF, next week, May and the rest of the year.
Its 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.”
Suggest GLD, ABX and KGC (buy) first thing Monday morning.
The survey, which was conducted by YouGov for The Times, showed that 42 per cent of people supported Leave, as opposed to 41 per cent who supported Remain. Another 13 per cent didn’t know, and four per cent said they wouldn’t vote. Although both sides are a whisker’s length apart, it does indicate that Leave is gaining strong support from people who previously said they didn’t know how they would vote.
as gold climbs and we get closer to (good earning reports) May 11th. Read on and realize we will soon be flying over $10 a share next month.
Kinross recently announced plans to invest US$300 million to expand throughput at Tasiast by 50% to 12,000 tonnes per day (t/d). This should improve production by 90% and drive down AISC to US$760 per ounce by 2018. A second expansion would boost throughput to 30,000 t/d, but a decision on that won’t be made until next year. Kinross has cleaned up its balance sheet and currently holds long-term debt of US$1.7 billion. The company finished 2015 with US$1 billion in cash and just raised another US$290 million through an equity issue. A recent purchase of new assets in Nevada for US$610 million means the company is still sitting on a cash pile of about US$680 million. Production is expected to be 2.7-2.9 million ounces in 2016 at AISC of US$890-990 per ounce.
So in other words "KGC is now a "STRONG BUY"
and you know (now) that if you long Gold - the Fed is your Friend.
Just bought and with South Korea about to install U.S. (defensive missiles) in South Korea you know China (crumbling) economy will take another massive hit. Chinese government now would rather spend billions on military hardware while the local economy sputters.
as the Fed shuts down for 2016 and the dollar runs for cover. U.S. economy slowing and come early summer we might just be at the cusp of another recession. Gold going way, way up so buy and hold GLD for the short and long term.
Draw a line in the sand with your stop - Maybe $2.99 and then walk away. Yea you can always double down and buy lower but until Yellen retires Tvix will always be 50 down moves to one up move. The market is so hooked on Fed meds that it will never trade down until Yellen is either replaced by Trump or the Fed board removes all "Doves" - which is for all practical purposes the whole board.
which means less oil consumption just as Russia and Saudi Arabia start increasing oil production. Talk about a Train Wreck.
in either case its the last time anyone will be able to buy Tvix under $4 with the Bull looking very, very tired heading into Sell in May and Go Away.
Russia said today it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude. Look out below.
Dude - check out Google, Amazon, Microsoft action in after hour before you open your mouth. And if your "short" Tvix - well enjoy you huge Loss tomorrow as you cover and run for the hills.
but still increases oil production well into summer and fall. Talk about pouring gasoline on a roaring fire.
Talk about the "Perfect Storm" for a major market sell off.
I did the same and plan to hold into next week. Market won't do well in May as the Fed licks its lips and says "Rate Hike Special" coming next month.