and we all know the market loves surprises. Apple closes $558, hit $581 in AH and open $585 tomorrow. Watch this stock climb in afternoon as investors smell "big number beat".
and employment numbers come in better the expected and Gold/Miners fall like a rock.
Because with any hint of employment improving in U.S. - GLD drops hard and fast. Maybe below $115 as the yellow metal fades into the sunset or should we say fades under $1000 an ounce.
I think that two day gold run at the end of last week was "fools gold". Starting tomorrow gold starts in trend back down since the Fed is not into taper mode and eliminating Quantitative Easing by summer. Look for GLD to hit $117 tomorrow and by Friday $110.
‘Sudden Orders’ Send Gold Higher, Reversing Early Loss - Hedge Funds from hell get involved and gold jumps higher. Pure scam but SEC sleeps with the fishes.
Thought Detroit Auto Show was sooner but you probably have the date right. AA will built into the Auto show but what I'm looking for is other auto manufacturers following Ford's (150 truck) lead into aluminum and doing major deals with Alcoa. We're talking Chevy going aluminum on Chevy trucks. We're talking Dodge going aluminum on Dodge Ram and we're talking Toyota, Nissian, etc., going aluminum on their respective trucks. One now wonders if we might see a jump from super strength aluminum bodies for trucks to passenger vehicles, vans, small cars, etc. Could be a major game changer for Alcoa.
sub $15 next week. No one wants to go long gold going into 2014 and etf's like GLD, Nugt, etc. are going to fall hard. Gold bugs better bail or they fly straight into the flames in 2014.
a lot worse on Thursday and Friday as gold craters going forward.
and could be $104 come Friday next week Looks out below.
Just wait until Asia markets get a hold of Gold in After Hours and send it down $30.
Apple could be down $20 plus tomorrow with investors starting to realize China Mobile deal could be months off. Unfortunately the air has now been let out of the Apple balloon and its now a question if it every will get pumped back up again.
So steind76 at 1:59 pm today are you long gold or short gold? If no reply they your full of hot air. If you do pick a position in Gld - Gold please tell the world.
Simply because everyone knows Gold is going to drop hard next week leading up to the Fed Tapering decision on Wednesday. Why go long GLD over weekend when you know it will sell off Monday, Tuesday and Wednesday leading up to a very possible Fed Taper of QE announcement? GLD upside from here pennies but downside is HUGE.
and I suggest around 6 pm tonight you might want to get some good ear plugs since goldbugs will be screaming their hearts out watching gold tank in after hours. GLD about to go double digit by the end of December.
Could be a lower open then $110 if we get budget approved in House to be followed tonight about more Fed Taper rumors. One wonders now if we could see the biggest gold drop (of all time between today and next Wednesday) if the Fed cuts back on QE.
and odds now are very strong that the House does pass the budget bill and send it to the Senate to be approved early next week. Looks for Gold to crater tomorrow and Dust ramps higher.