but that's only a drop in the bucket compared to Russians and Chinese caught red handed in the Biggest Off Shore Scam" of all Time. Talk about Massive Volatility now hitting the news, day in day out for weeks on end.
Market will struggle to stay green tomorrow and will certainly be Major Red after Fed Speak at 2 pm. If Fed Minutes show Fed members disagreeing on rate hike, then market dives knowing that any future signs of economy strengthening and the rate hike is on for MAY. If the Fed minutes show a solid majority still want to hold off rate hikes until June, market sells off knowing misses the boat again and make another idiot move to delay and kick the can down the road. Yellen is looking like the ALL TIME DOVE SHE IS. Problem is Doves sometimes do bad things to statues and long investors who believe the Fed will never ever raise rates again this year. Going to be really ugly before and especially after 2 pm tomorrow.
and it appears come Sunday Iran will throw a mighty right hook to oil's gut and send it back to $35 a barrel Monday morning. BOOM
for two reasons.
1. Bad news - if passed Doha freeze deal will be watered down as oil drops $2 Monday
Really Bad news - If not passed Oil drop to $35 a barrel with no floor in sight.
Place your bets.
and since Saudi Arabia has come out and said "No Iran - No Deal" I'm putting my money on the $5 drop per barrel of oil. So who is with me?
A new draft of a deal to freeze oil output that is to be agreed later on Sunday in Doha has a line saying all OPEC members should be part of the agreement, industry sources said. The change appears to be a major obstacle for clinching a binding deal, given that OPEC member Iran had decided not to send representatives to the meeting. REUTERS
and sometimes they happen right out of thin air. Spy sub $200 come next Wednesday and sub $190 early May. Remember - the Fed is "forced" to jack rates either in May or June and the Bull won't be able to handle that.
Yes but the Captain can't afford medical treatment and Tennille still sleeps in separate beds with her new boyfriend. Spy down $206 tomorrow and that's a conservative estimate.
because Janet is sharpening her "Fed Hike Pencil" and ready to put it to paper next month or June at latest. Never ever go long SPY heading into a 100% guaranteed Fed Rate hike in 25 to 50 days.
Total chaos now in half of Middle East as "Gold" get ready to fly over $1500 an ounce.
Thousands, of protesters angry at government inaction stormed the city's Green Zone and the Iraqi Parliament building. It was the first time the fortified zone housing government buildings and the U.S. Embassy has been penetrated since 2003. Images broadcast on state-run news channel Al-Iraqiya showed protesters carrying Iraqi flags walking freely in the Green Zone and gathering in the halls and meeting rooms in Parliament. They chanted, "The cowards ran away," referring to the members of Parliament.
and $1400 an ounce come Friday next week. ALL ABOARD. And if U.S. non-farm payroll number drops Friday morning gold heads for $1500 the following week. Dollar head South and Gold ROARS higher,
Oh and should I mention that violence in April kills at least 741 Iraqis as Iraq PM Orders Arrests After Breach of Baghdad's Green Zone. But the problem now is the Iraq army might not follow Prime Ministers orders and then we have Total Chaos.
and the "Truth is in the Pudding" come 8:30 am when Non-Farm Payroll numbers come in under 200,000. Look for a 200 point market drop tomorrow with the Fed in complete disarray, the dollar falling hard, Gold screaming higher and no rate hike until September or later. In other words "SHORT SPY TO THE MAX".
FX Street - Overall, the US economy is clearly in trouble, and even if the April employment report beats expectations, speculative interest will be watching how wages performed before rushing into buying the greenback. If wages remain low there's no chance of up ticking inflatio. This will take a June rate hike out of the table and therefore send the dollar back south.
and you might just retire early. China economy meltdown picks up speed due to slowing U.S. economy while Mother Russia in a world of hurt as oil drops, Putin increases military spending and the Ruble goes the way of the Dodo Bird. Bottom line China and Russia economic collapse pushes Yang and Russ to new 52 week highs over next several weeks/months.
Just bought Nugt and Abx. Gold is going to "SHINE" for the rest of the year if not well into 2017.
as the Fed goes back into their cage with no sign of a rate hike for the next six months plus. Miners will do very, very wells as the dollar weakens, world Volatility spikes as gold becomes a long term Safe Haven.
can't wait for recession, raising unemployment, home and business defaults, 21 trillion in debt and the market going for 19000 while Tvix does another reverse split because everything is just WONDERFUL.