Looks like yesterday market sell off which came back will not hold today. Market will drop as durable good report was not impressive and propped by aircraft sales. Furthermore Asia and Europe are both weakening at the same time. Uncle Ben wants to tighten so look for Uvxy to possibly test $7 range today.
Both should do well going forward but Spxu doesn't have Uvxy attention disorder.
the Market can't stop Ben from stopping or substantially reducing QE. And Ben can't do anything about China slowing and Europe falling off a cliff. Just be patient here and Uvxy will reward those who hold and go long. In fact we should see a nice upside tomorrow on further news that China PMI is crashing and Europe unemployment rising as Ben sharpens his knife to cut the QE cord.
Fed now in tightening mode. Bernie did not want to show his cards today, but he couldn't bluff. Market knows his hand will force him to stop QE and the one thing the Fed does not want to do (now) is over extend play money. Dollar up tomorrow, Gold and Silver down, down, down.
and doesn't look back. Financial numbers on Thursday and Friday will be good thus pushing ZSL higher. Fed flat out said - We're close to tightening and you know what will do to gold and silver - straight down.
Question is will you be long GLD and about to lose everything?
Only question now is if the Fed continues printing money well into 2014 or starts to slow down. You call that "Fear"? HA. The market is going up today on anticipation that the Fed continues its QE. You think that''s fear and good for Uvxy.? If so you better stop smoking the funny looking cigarettes. Uvxy could tank big time tomorrow with the Fed keeping the printing presses going. But go long if you want since today is such a wonderful swing up for Uvxy - up a whole .06%. How impressive and show telling for tomorrows action.
One thing about Uncle Ben - He said he will keep easing until 2015 and he is a man of his foolish words. SO now the question is how far does GLD jump tomorrow on the good old USofA continued printing of play money? Honestly I don't see any reason for the Fed to stop since it thinks it the smartest body on the planet. And we all know Uncle Ben is addicted to low dollar and low interest rates.
This is getting wild. First some Fed players say we need to slow down QE or pick a shut down date. Today another Fed players says QE needs to continue for quite sometime. Is Bernie telling his talking heads to send mix messages to confuse everyone. Seems to me Bernie is trying to play it both ways with his banker friends one day saying end QE and then another day (like today) keep printing play money as long as you can. The Fed is now sending mixed signals and no on know what the hell is going on. Gold up, down or sideways - no one knows for sure.
Massive silver correction coming and there is no way to stop it. The nice thing about holding ZSL is that when it pops, it really POPS. Thinking easy double by July.
Think about it - ever since the Fed started its QE1, QE2, QE3 and QE4 the market has gone straight up and uvxy (and the lot) straight down. But now with Fed talk that the days of quantitative easing might be over and other Fed officials saying the Fed might stop or curtail QE4 this summer - Uvxy still drops hard and market races higher. So like we've know for years. Market goes up Uvxy goes down. Market goes down Uvxy flat lines and Fed talk of no more QE4 and Uvxy sells off while market says "who cares - party keep going".
Best to stay away from this "short" trade because it will wipe out your savings.
At this point really don't care since we push past $7 next week and head toward $10 by the end of the month. DZZ ready for easy double, potential triple this year.
another blood bath coming to Gold next week. Fed is going to tighten this year or warn of tightening. When that happens gold melts down, never to see the triple digits again for the next decade. So long GLD at $131 and hello $124 next week. Nothing like the smell of a burning gold smelter, as gold investors head for the hills.
Melt it down and then sculpture it to the liking of the all time Gold shorts - Soros, GS Lloyd Blankfein, Rogers, Keith McCullough, CEO at Hedgeye Risk Mgt, etc.
Reason being gold bugs might sell off their gold positions this afternoon into the close knowing they don't want to be long going into next week, much less be long the rest of this year or next. Think little DZZ might set new volume records next week as Fed gets ready to tighten and gold drops another $25 on Monday.
Thinking more $128. Every article I read now say gold is either in a log downward spiral or a strong correction. In either case GLD is not the place to invest if you are crazy enough to go long gold. We will see sub $100 a share before we see $140.
"All odds are stacked against gold," said Joyce Liu, an investment analyst at Phillip Futures. Gold is headed below $100 an ounce sooner rather then later.
can't make any money shorting market so I;m going to short silver. ZSL pretty much near all time low and with sell off in Silver projected over next 12 to 24 months I think ZSL could be an easy double. Anyone else here shorting gold or silver - or are you all waiting for the market correction that never seems to happen?