“Fast forward to the present time, the Fed is still doing quantitative easing and there is no sign of high inflation,” said Salman Ahmed, a global strategist at Lombard Odier Investment Managers in London, which oversees $51 billion. “Gold is no longer seen as a beneficiary of QE. People have started asking, ‘if the risk is deflation, why am I holding gold?’”
And with the Fed tightening in 2015 one has to wonder why anyone would want to go long GLD, when its pegged to hit $60 a share next year.
Both metals way, way over their heads and both set up for a "major correction". Look at Dust ramp higher today, so you know gold miners are hurting as investors dump the precious metal. Silver will also follow down as buyers of the silver metal know they can get it cheaper this year and a lot cheaper next year. Don't fight the Fed - since the Fed is going to bring both gold and silver to their respective knees.
but you have to buy before the big sell off in Gold hits, which is coming any day now. Both Dust and JDST are just off their 52 week low's but the upside is huge as the Fed tells the world - higher rates coming so bail on Gold ASAP.
Look Out Below since there is now no floor is falling gold prices as investors dump their gold position and move on else where. Oh and so long all bogus gold commercials, since who want to buy gold with it about to drop 50% in value???
due to three letters. "FED"
On the other hand "DUST" could turn out to be one of the best investment going forward and well into 2015 and beyond. Buy low sell high guys - and right now Dust is dirt cheap.
Your Spock logic is illogical. Check back last year when Uncle Ben mentioned rate tightening and the market sold off 250 points. Of course Yellen will make sure (if she hints at raising rates) she is only doing it because the majority of Fed Board has rubber arrows pointed at her.
or if she is made of jello and likes to play monopoly late at night with "Free Fed Money".
Russia signalled it had no intention of backing down in the most serious East-West standoff since the Cold war, with the announcement it plans to boost its troop presence in annexed Crimea. Defence Minister Sergei Shoigu said it was a "priority" to send reinforcements to the Black Sea peninsula because of what he described as the escalating Ukraine crisis and the buildup of foreign troops on its border.
Talk about Putin out out of control and Russian aggression.
If the Fed does what's right and starts the interest rate engines up. Market won't like that but who cares what the market thinks. Its principal that counts.
and you all thought Spy was heading for $205 when it reality its heading sub $150. Watch and learn this week that the Bull is now history while the Bear thrives with higher rates coming and world crisis at all time high.
A six-person international monitoring team came under shelling attack twice in the eastern Ukrainian city of Donetsk on Sunday despite a ceasefire between government forces and pro-Russian separatists. Gee looks like those 250 unauthorized convoy trucks Russia just sent in were not filled with Putin nesting dolls after all.
and one wonders of Spy will ever test 200 again much less 150???
“Putin cannot cope with the idea that Ukraine will be part of the European family,” Mr. Yatsenyuk said at a conference in Kiev on Saturday. “He wants to restore the Soviet Union.” “His goal is to take the entire Ukraine,” Mr. Yatsenyuk told the Yalta European Strategy Annual Meeting. “Russia is a threat to the global order and to the security of the whole of Europe.”
Scotland Yes Vote now even with No Vote and undecided voters will likely vote YES. So long E.U.
Yellen going from fragile dove to ugly hawk come Wednesday. Market Train wreck in three days.
China says - We're tried to prop up our economy with phony numbers and lies but now that no longer works.
Who does ISIS behead this week? Who stands up to ISIS? No world leaders anymore.
Volatility now back with a vengeance and Spy knows it. See you all at sub $180 this Friday.
And in between the Bull gets slaughtered with Fed tightening, Russia power move in Ukraine and no one to fight ISIS except Uncle Sam. Look Out Below.
and that awful report is based on false Chinese numbers that are actually worse (in reality) then the China government lets on. So much for Alibaba IPO, since China economy is in a free fall.
Fed about to tighten as world financial market crash due to Scotland independence, China Bubble Bursting and Russian Troops back in Ukraine fighting for half of Europe. Next week the Bull loses its horns and more.
Watch little Scotland shake the financial world next week with a resounding "YES" vote.
The 307-year-old union between Scotland and England hangs by a thread as a fresh Guardian/ICM poll put the yes vote in next week's referendum just two percentage points behind those supporting no. Despite an intense week of campaigning by pro-union politicians and repeated warnings from business, the poll out on Friday found support for the no campaign on 51% and with yes on 49%, once don't knows were excluded.
Alex Salmond, the SNP leader and first minister, said he was now "more confident than ever" that Scotland would vote yes on 18 September. "Despite Westminster's efforts we've seen a flourishing of national self-confidence," he said. "It's this revival in Scottish confidence that tells me we'll make a great success of an independent Scotland."
as 250 Russian convoy trucks bring more Russian soldiers and weapons in Ukraine, to confront government troops. It appears this is the answer Putin gave Europe and U.S. regarding new sanctions.
Tvix looks like a sure triple if Scotland breaks away from Britain
VXX might double (or come close) especially if Russia send troops back into Ukraine
and EDZ is a sure double as the Fed get ready to tighten, the dollar strengthen and other world currencies nose dive.
You have your assignment - so buy hand over fist.
Wow - and this time no China military jet doing barrel rolls in the area. Not sure we want to go into Syria, when we need to keep an eye on China and Russia. with aircraft that stays above land and water.