Agree - London Bookies now reporting that Brexit will be defeated which means gold is going to take a really, really cold shower on Friday possibly shrinking 20%. Now good for Goldbugs bugs but very good news for Dust longs.
and with that news Dust should easily close over $11.30 today and open over $13 tomorrow. The tide is turning as voters in G.B. realize its better to stay in Europe then go it alone. Smart move since the Brits are really nothing by themselves.
Yellen wants market to think she can raise rates in July - and this time the old lady might be serious. Especially if the Brexit goes under the London Bus.
and I thought little Midgets like Putin who wrestled bears and tigers would certainly send a Russian track and field team to Rio. Not going to happen now on Putin's shift which makes him look rather WEAK. Don't you think.
Agree - buy low sell high. And right now ABX is dirt cheap but ready to double by summer as gold climbs on "fear factor, no rate hikes, and crumbling world economies". No brainer to go long here and Soros knows it.
Obviously Volatility spikes if Brexit is approved - thus pushing Gold to new 52 week highs. No brainer going long gold here since its a "safe haven play" in a world.
Rig count today will increase pushing oil way, way down. Gold on the other hand is set to ramp higher as the dollar weakens, the Fed holds off rate hikes and Brexit counts down. For you rookies I suggest Dwti (long) and Nugt (long). They move fast both directions but all signs point to both doing very, very well short term and especially Nugt long term.
so the question is "are you buying in now before the big mover higher" or sitting on your hands?
Right now its neck and neck but come the morning The Queen will not be having Tea with Merkel and group. In less then 2 weeks the U.K says bye bye to Europe and Hello "FREEDOM".
maybe they should stop building sand castles in the China sea and open their books for everyone to see. Millions of workers laid off, empty skyscrapers and housing market about to crash. China new motto now - Built it and they won't come". TIMBER
as Lady Dove opens her mouth at 12:30 p.m. and all that comes out is "No Rate Hike while I'm Fed Chairwomen". Seen the trend - Gold goes higher as world stock markets realize "correction is HERE".
Agree - with the U.S. slowly moving toward recession the Chinese are caught between a rock and a hard place. Sure looks like the China Bubble Burst this Month.
or does the Bull still have a cold and can't smell? Yellen on tap late this afternoon but I think the Fed Chairwomen says very little about pending rate hike. Now fellow Fed members have done the exact opposite and talked up the likelihood of a June rate hike or at least said (one is coming sooner versus later). And odds are that economic numbers between now and mid-June will be relatively strong. The Bull is still in denial about a June rate hike but maybe today Yellen at least lets out a hint that a "June Surprise" is very, very much on the table. It that happens the Market runs for cover as everyone pushes the "SELL" Button all at once.
so now is the time to "short" Spy since the market is unprepared for a June rate hike as Volatility starts to spike going into the June (stock market) swoon. Fed will act for no other reason then to justify their very own existence.
and last I heard when the door opens - investors will smell the encroaching rate hike and wonder why they are going long stocks with the Wildings (I mean the Fed) about to "shock the monkey" with first rate hike this year coming in JUNE. Run Jon Snow - RUN