before after hour trading ends. Unfortunately it ain't going to happen. G.B. polls close 5 p.m. East Coast Time and there will be no "exit" polling of voters info. That sucks. Furthermore it appears the first votes will flood in around midnight in U.S. Sure can't change your bet at that time of night.
The only info gold longs or shorts can get is a "bogus" 6:30 pm report about the volume of voter turn out. A large turnout is supposed to be good news for "Remain in Europe". In any case this is going to be a "blind" bet until we get final results around 7 am Friday morning. Dust has been way up and now way down. Nugt the other way - and yes I don't think today's nugt - dust action give a clue as to what is going to happen. My 2 cents right now - sit on the sidelines and buy in Friday morning (but unfortunately big money will have already moved one way or another).
I'm with you but unfortunately neither Dust nor Nugt are acting like they know the final vote outcome. In fact things are so uncertain that any bet up or down for gold could be a wrong way bet. Only one making money today, possibly tomorrow are trading platforms collecting nice commissions.
You sound worried jr and I'm sure you have "bets" in both directions on gold going up or down. Don't bet the house since the "Dust" won't settle (up) until very early Friday morning.
and if I might be so brave - lets welcome $17 Friday morning. Cheers to the Brits for sticking Brexit where the Sun don't Shine and Gold free falls into next week.
hand over fist since it going to double as the Brexit scare turns into NOTHING
and then we re-evaluate which direction gold turns. It won't be until 7am Friday morning that we get a complete vote count on the Brexit. So Nugt will be down (possibly big time) very early Friday morning. Some reports says the Brexit vote count will be 50% completed by 4 am Friday morning but it appears we won't know the final outcome until Pre-hour trading Friday morning. By that time Nugt could be under $80 a share if not lower. Question is once we find out the the "Remain in Europe" vote won - how low will Nugt dip before it puts G.B. vote behind it and then focuses on U.S. economy, the Fed and (possibly) increasing Volatility?
Between now and Friday morning you go long Dust but come Friday afternoon its anyone guess which way gold moves.
You need to get your facts straight. Scotland is tied to Britain for one reason. Slumping oil prices and with Oil under $50 a barrel Scotland is hurting financially wise. North sea oil is in decline and though quite a few Scots would love to leave Britain they really can't as long as oil stays depressed. Where else does Scotland gets in revenue to go it alone???
If anything Gold ramps higher if Brexit gets approved as Greece, Netherlands, France, etc., all gain momentum to eventually break apart from the Euro and as we see the demise of Europe as we know it Gold rockets to all time new HIGHS. Brexit is the crack (that if passed) will bring down the wall and all of Europe with it, as gold sets its sights for $1500 an ounce plus.
since its the only safe haven play left after the collapse of South America. Venezula crisis, Brazil default, Argentina default 3, Peru, Bolivia trillions in debt and I could go on. But don't worry Europe will catch up after Brexit is approved.
Like six months or so (possibly longer) and has no plans to raise rates this year. Do you really think Yellen would allow Bullard to make such a statement if it wasn't true? Yesterday Nugt touched $115. Don't think we hit that today but I bet we close over $110 and then push over $120 on Monday. Next week looks bad for the stock market but very, very good for Gold longs.
and I just took advantage of it and bought GLD for the short term and long term.
Fed's Bullard: Only one rate hike needed through 2018. Happy Holiday Goldbugs
At some point we need to hold over $1300 an ounce. If we can do that I think (shorts) will disappear for a while so Nugt can move higher. Even GLD took wild swings today so this move up and then down is across the board.
Boys and Girls
Going to be a very good month for gold or should I say a very excellent year for gold. GLD is the place to be since it has nice upward trend now factored in for the next eight months plus. And my late summer we should be well over $220 a share and climbing.
and you know Europe and then U.S. markets will tank tomorrow big time - as everyone sells before the Brexit next week. Better to be on the sidelines then watching your stock market investment go up in SMOKE.