Gold bulls have largely pinned the metals rally on negative real interest rates in much of the world. Michael Armbruster, principal with Altavest, said gold at $1,400 an ounce in the next month would not surprise him.
by Wednesday on this news -
Investors are flooding back to precious metals this year as risks to the global economy prompted the Federal Reserve to signal it will take a slower approach to further interest-rate increases. That has weakened the dollar and added to the appeal of owning non-yielding assets like gold. And remember goldbugs - we're just in the second inning of a big Gold Push Higher. So BUY and HOLD is your goal for 2016 and possibly 2017.
Yes and this (upward) trend will continue for quite some time. Best Miners of the Lot - KGC, ABX and GDXJ. All three set to double this summer (if not earlier).
as Iraq government craters in front of our very eyes. Gold has no where to go now except UP as Middle East fragments while China Bubble burst now weeks away. Throw in crumbling economies in Japan and Europe and you know the precious metal will soon test "new" all time HIIGHS.
and so it begins (over and over and over again) as the Middle East tips into total anarchy as Gold Rockets Higher. Not sure what rockets higher tomorrow Gold or Oil - But at market open I'm putting my money on Gold since it now heading back to $1900 an ounce or higher.
as gold continues to ramp higher as world economies either crumble or slow while the dollar gets beaten down. Now the only question is when do we hit $10 a share? End of May or early June?
Good post and all of your points are "spot on". There are many gold bugs that missed this precious metal jump and now wishing/dreaming to buy in at a lower level and then go long. Not going to happen as the dollar will continue to weaken as the Fed sits on their hands in June and says "Not sure when we raise rates".
And now you're see gold buying picking up in India, China as jewelers buy in now before Gold breaches $1500 an ounce..
Gold, silver extend gains on global cues, jewelers buying. Bullion traders said sentiments remained bullish on the back of a firming trend overseas as the dollar tumbled to a 11-month low after the Bank of Japan unexpectedly held off on expanding monetary stimulus, boosting the appeal of alternative assets. In addition, continued buying by jewelers and retailers to meet the ongoing wedding season demand supported the upside.
and I have to say there are very view weekends you want to hold Tvix or Uvxy over but now with Major Blue Chips all reporting losses, month of May here and 45 - 50 days from Fed Rate Hike - well its a no brainers not to Go Long TVIX. See you all at $5 plus come Monday.
Be patient Grasshopper as investors cash out this afternoon - knowing Monday, next week is when we get the real sell off begins. Tvix might just hit $4 going into close.
Russia has said it will push up oil production to record highs so now we see who can pump the most oil going forward. Iran, Russia or Saudi Arabia. I put my money on S.A. and uwti at $19 a share sometime next week.
So look out below (Oil Long). And as we all know the market doesn't react well when oil starts dropping as Saudi Arabia, Iran and Russia all Put the Petal to the Metal and PUMP OIL LIKE THERE IS NO TOMORROW.
Big Boys will be shorting SPY today knowing market free falls as we get closer to Sell in MAY.
as everyone and there grandmother start increasing oil production. Boom oil back to high $20's before you knew what hit you.
Today Russia said it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude. And you know these are "fighting words" to the Saudis.
and you know damn well know one trusts the Russians. All are now increasing oil production since they will do anything to protect oil market share. Back to high $38 a barrel next week as everyone realize more oil is coming and no where to store it. And oil won't bottom at $38 with Iran pumping oil like there's no tomorrow.
and this analyst works in China. Now figure that one out.