Forget Uwti - its manipulated especially in pre-hour trading. Go long Dust since gold in three weeks will be under $1000 an ounce and falling through the floor. Oil close to bottom though it will be flat for years while gold is just starting a Massive Sell-OFF.
but Dust will love it, jumping over $50 a share as gold becomes the worst commodity to hold in 2016.
as the stock climbs going forward. And come Valentine's next February this stock will be over $80 a share, since lots of folks will be matching up for the big day.
on confirmed rumors that Saudi Arabia is going to cut back on production. Seem the Saudi's finally realized that if they didn't slow down sucking oil out of there dessert - they will run dry in 3 to 5 years. Ouch.
Oil jumps tomorrow as Uwti goes back into the TEENS.
due to the unbelievable strong payroll report today. GOLD heading to "weak soup" in 5 weeks or less.
and we all know what Yellen is going to do on Dec. 16th. Push gold under $800 an ounce.
but that's not the worst of it. Come Dec. 16th Nugt just might close shop and stop trading since no one in their right mind will want to hold gold as it falls into weekly, if not monthly 52 week lows.
well most here if not all day trade this junk so I thought I'd see a nice profit today but when you go from $16.75 all the way down to $15.51 - What the "F". And this is when gold sold off $18.50.
So gold miners are singing "Happy Days Are Here Again", with gold plunging and Dust and JDST treading in water or my case a nice loss due to buying in over $16 and being taken out in mid-$15 range.
Happy, happy - joy, joy
and if you don't believe me just look at gold. Its crashing due to gold investors knowing the Fed is locked into a rate hike (THIS YEAR) that will send world market's lower and kill gold in its tracks. Tvix over $7 today and over $9 on Monday. All Aboard
and even though the CNBC panel sucks on Republican debate - the call on Dec. rate hikes is SPOT ON.
and it just the "start" of a long gold correction that will go deep into 2016 and possibly 2017. Fed extremely Hawkish right now and ready melt gold under $700 an ounce.
Copied from GLD board - The Fed put the markets on notice that it wants to move off of its zero rate policy in December, if the economy is strong enough. The FOMC, as expected, held off from raising interest rates Wednesday. But in a very clear and unusual message, the Fed's post-meeting statement specifically mentioned the December meeting. The committee said in determining whether it will raise rates at its "next meeting" which now appears to be 65% change of actually happening.
It appears now going forward gold is "dead man walking".
and if you think today's move is big wait for tomorrow when Yellen puts on her Dove jacket and tells investors she has no plans to raise rates for next 3 to 4 months. Gold explodes higher as Fed hands out "DOVE jackets" to all board members continue to their hands and do nothing for several months.
Yellen has no plans to raise rates over next 4 months. Throw in China Sea turmoil, Russia/US in Syria and the dollar getting weaker and you no GOLD is going to fly higher.
watch it explode higher as Yellen puts on her new "dove" jacket and tell investors "go long gold because I don't plant to raise rates for quite sometime".
Look for Alibaba to set a trading volume recored today as the stock jumps with new long term investors buying in the the long ride up.