now the question is do we see new 52 week lows this month or next???
and if China shows bad economic numbers Gold Rockets higher through the end of the year and into 2016. Yellen keeps raising the "bar" for an interest rate hike and the bar is so high now - she will never raise rates this year and in all likelihood hold off until March 2016 or later. NUGT, JNUG set for an easy double going forward while GDX, FCX and GLD should all dow very well indeed.
KFC is Jack Ma's favorite restaurant. Not because he likes the food but its one of the few places where he can eat and realize Yum is actually doing worse then Alibaba. Not too many other Chinese food establishment can make that claim. Two losers going forward Yum and Baba.
Hard for Chinese government to mask phony economic numbers with Yum falling through the floor. Watch volatility spike tomorrow as China starts the "October Correction". Or should we say Taco Bell rings the death bell for Colonel Sanders in China.
Down goes Frazier, Down goes Frazier, Down Goes Frazier. Back to $50's tomorrow as the KFC colonel takes it in the shorts. Baba free falls going forward.
As China implodes from within with Colonel Sanders chokes to death on China chicken wing. So Sad
question is do you buy today or wait for reverse split tomorrow and then buy. In either case with Putin looking for a Fight in Syria - gold going way, way higher.
Gold going higher as Russia sets to take on U.S. fighter jets in Syria.
Yahoo since the CEO has credibility problems, along with dropping value of Baba stock holdings and no where to run due to IRS not allowing Yahoo to spin Baba shares into new company with out HUGE tax complications. You know like 6 to 9 billion in Tax Fees. OUCH
Softbank - Oh my could we see Softbank go broke this year or next knowing its so highly leveraged with Sprint and Alibaba shares it might never see the light of day. If Softbank hold Alibaba stock too long - they are history.
Alibaba - Its now a question of what does Alibaba in. Chinese economy or phony company numbers or the counterfeit goods they sell. Pick your poison but if you like Baba stock at $57 today you will love it at $30 a share right after upcoming quarterly report.
Now doesn't that tell you how bad off Alibaba is and its falling share price And just think how far it will drop once the stock buy back ends. This stock is so propped up it will be in rigor mortis for years if not a decade. $55 tomorrow as we get closer and closer to a awful quarterly report.
Because they are all joined by the hip and ready to drop 50% due to mismanagement, falling revenue and worst of all "corrupt leadership". Softbank and Alibaba report phony numbers while Yahoo is caught up in IRS Tax scam and CEO pregnancy. What a bunch of loser companies that wither on the vine AT THE SAME TIME.
Yellen going to Slam stocks with Oct. Rate HIke. Hillary going to slam Biotech with Cheaper Drug plan and Gold going to jump as the dollar weakens and Russian moves into Syria and Iraq. Sure looks like a "Time Bomb" could go off any second.
and also a very scary "bear" market. With the Fed now out of the picture world markets will sell off knowing there is no one left to come to the rescue of the dying Bull. If ever there was a time to play Volatility its NOW.
missing toes and finger. Yellen pretty much just said she is not raising rates until December or later. Which is a green light for gold to ramp higher.
and such action by the House Republican's will send Gold rocketing higher, as the Fed today throws up their hands and says "NO RATE HIKE THIS YEAR". Boom Gold to the MOON