But today we get a weak 3% jump. What fun to play this broken ETF.
and this time Silver is leading Gold down the path of no return. And should the Fed hint at ending or cutting back QE on Wednesday ZSL and DZZ (gold short) will go to the moon.
and as it does ZSL double over the course of the next few weeks. Easy money but you have to buy in before Silver (and Gold) crash through the floor.
ZSL will move higher faster then GLD will go down. Yea I think gold is headed for a very long downfall, but Silver will dive bomb over the next few weeks/months and ZSL could triple in value over that time. No one wants to hold Silver or Gold now. Unless they want to lose fingers.
Question now is will there be panic selling into close today as gold bugs rush to leave before GLD drop 20% next week?
When you see silver and gold falling across the board with hedge funds dumping both as quick as they can you realize ZSL could ramp up very fast for an extended period of time. Zilver heading under $20 soon and I think under $15 by July. Timber
Big drop today followed by big drop on Monday. Hedge funds are unloading gold positions as fast as they can and you know retail investors who bought gold as an investment are rethinking their fast falling investment.
and if you don't like shorting silver (which is set to fall off a cliff) then short gold. Either buy shorting GLD which could drop below $100 a share next month or picking up DZZ on the cheap. What goes up must come down.
simply because we are at the start of a silver and gold correction. Stock market won't die or go down but precious metals are heading way South. DZZ and ZSL could easily double this year, if not triple by next year. VXX stagnant but if you short gold and silver you will make serious money.
Seems to be some what ADHD with also a case of repetitive brain lock. Must live a pretty "sorry" life to post all day on this board. On the other hand posting here might be the high light of Midicalstarn life?
Gold going forward might just go straight down since who wants to hold a yellow metal that is "out of favor" and losing value every day???
While ongoing Cyprus selling of twenty tons of gold is a blip in the gold ocean, news is now breaking that the likes of Italy, Portugal and Spain will be forced to dump tons of gold on the market to satisfy the IMF, EU and ECB. Question is will these countries try to sell gold holdings while the precious metal is above $1200 an ounce or will they continue to unload as gold falls throughout the summer and into the new year?
Correct - low on coffee this morning so brain cells still semi - a sleep. Big question today, tomorrow, this week is what action does Syria take against Israel. If no action, Israel has the green light to do what ever they want in Syria. Also rebel fighters will realize how weak the govt is. On the other hand if Syria does take action they might soon be fighting wars on two fronts. Iran will probably sit on its hands since all they care about is the nuke program and shipping arms to terrorists.
is good for the market and good for world wide stability? What a wonderful world we live in when Up is down and Down is up. Maybe tomorrow China will invade Taiwan and the market will jump 200 points. Throw in a Greece, Portugal or Spain default and Market heads for 16000. Please pass the spiced punch when you have the chance though it is early in the morning.
and market is soooo over soooold. But you don't buy Uvxy because the Bull has run wild for months if not years. You buy for volatility which has also been subdued over the last few years. But (and its a big BUT) on the plate now is Middle East tension, China collapse, Europe meltdown, July budget stand off, and maybe the Fed hinting soon of no more QE4. Timing is everything but at $6 a share uvxy looks very tempting to go long.
Now the question is will Monday's market sell off be a downward trend leading into a good size correction or possibly just the normal "sell in May and go away"? I'll take either one but tend to think any bad news be it in the the Middle East, Europe free fall or slowing China economy could send the market down hard,
Tsla off its highs of $58 but that doesn't concern me. The stock is running higher weekly and will do so up and through May 8th when it posts stellar earnings and fantastic forward guidance. Buy on the dips guys and hold cause Little Telsa won't be so little a year from now. It will be a $100 plus gorilla growing bigger by the day.
then T, S, TM, etc. VZ looks like a stock about to hit $70 a share while AT&T looks like a company slipping or shall we say falling further behind. Always best to hold a company that leads the pack, has its eyes set on VOD and has the more LTE spectrum around and should I also say the most "smart phone users" on the planet.