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
or in Simple English - The Bull about to lose his Mojo. DOW down 300 points at Close as investor now - Sell In May and Go AWAY.
Hillary never say a $ Bribe she didn't like. She and Bill will always think money first and the hard working tax payer second. I do hope the FBI nails her but also hope Trump falls flat on his face since he is mentally unstable. Oh where or where is my "third party" candidate???
Billionaire hedge fund manager Paul Singer said that gold’s best quarter in 30 years is probably just the beginning of a rebound as global investors -- including Stan Druckenmiller -- weigh the ramifications of unprecedented monetary easing on inflation. “It makes a great deal of sense to own gold. Other investors may be finally starting to agree,” Singer wrote in an April 28 letter to clients. “Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies.”
Oh Gee - Just another tiny country about to default on massive debt, which will take down all of South America. But heck time to go long stocks and especially emerging stocks since Brazil, Venezula, Greece, Puerto Rico, China, etc. all look so Stable. HA
Better load up on SCO today boys since OPEC as we know it has now gone the way of the Dodo bird.
Whoa - now talk about throwing a "wrench" into the oil production (bogus) freeze plan as all of OPEC pumps oil at all time HIGHS.
but give me a break - last Friday non farm payroll numbers comes in way, way weaker then expected and dollar sells off knowing the Fed does nothing this summer. But we get a tiny bump in wages that no one noticed on Friday's gold move higher but today wage increase is in the spotlight. Oh Come On. So the house is burning but we notice a bucket of water in the barn. Gold moves higher tomorrow as investors realize its still best/safest play going forward to make some serious money (on the UP side).
both going higher as the China economic implosion starts (now) while gold will be way higher off pre market lows as everyone realizes all world economies going in the DUMPSTER.
Oh my - Fire turning a corner means Uwti back to $26 a share. YIKES
and since Oil has (for no reason) jumped on Canada fire news - you do know what direction oil is going once the Ft. McMurray fire dies down. Lets just say once the smoke clears up North oil will be trading in the high $30's per barrel. OUCH
First post I've ready all week that calls it as it is. If ever there was a Green Light to go long Gold and Nugt it was today's non-farm payroll numbers not only confirming the U.S economy is weakening but also the Dollar has no where to go except down. If the Fed couldn't raise rates back in Spring, Summer and Fall of 2015 - well Hell they never will raise rate this year. Live in your fantasy world if you want "shorts" but going forward Gold shines as everyone goes for the "safe haven play" and buys Gold stocks and etf's for the short term and more importantly the Long Term.
because if we find out the U.S. economy is slowing due to weak payroll numbers, oil will fall hard thus putting another nail in the Russian coffin. Oh and should I mention there seem to be major dark clouds now forming over the Baltics.
When you see Uwti drop for $31 a share all the way down to $28 and change - you know it could drop another 10% plus tomorrow. Especially when payroll numbers come in way, way below estimates.