Well not all today but by end of next week we should be in $70 territory and climbing. Baba bottomed yesterday and now it rises heading into a very prosperous new year.
Someday is three, four months we will all look back and realize what a "ponzi" scheme Jack Ma took us on. Buying a company that (1) sells counterfeit goods (2) has no govt. regulation what so ever (3) while posting phony numbers while (4) smiling all the way to the bank. Scary stuff holding this stock when you realize China is on the Verge of compete Meltdown and the only thing holding it up is "Made Up Numbers by the Chinese Government".
and we all know Oil won't stop falling until it reach mid $20's or lower. I'm not a short but have to factor in so many "negatives" for oil right now the only direction it goes is down. And all the Russia baloney about being buddies with Saudi and Opec is a Complete Farce.
Suggest you buy Nugt, Gdx now or kick yourself two, three months from now when gold is over $1500 an ouce and flying higher.
and some think even triple since gold now seems a very good "safe haven" play for this year and possibly next. You buy gold in times of uncertainty and world volatility. We now have that in spades as gold reverses and heads higher into these turbulent times. Oh and check out the U.S. dollar come Friday - It will be way, way down on weak jobs report. Oil, Dow down but Gold ramps higher.
as the Fed shuts the door and says "don't contact us again until mid 2017". Why play oil since its under so much pressure from all directions while Gold should fly higher throughout the year. Buy low - sell high and gold miners are really beaten down. So buy a some Nugt or Jung and enjoy "GREEN" for the whole year.
so load up on Nugt and Jnug for the long ride HIGHER.
and we might be talking all time "Highs" because many are now predicting that the Fed cannot raise rates until mid 2017. Now that's sure to make Gold Bugs happy.
The Chicago Mercantile Exchange’s “FedWatch” tool shows that traders are now betting the Federal Reserve will probably wait until 2017 before another federal funds target rate increase.
Time to buy NUGT - JNUG for easy double by March - Triple by Summer. ALL ABOARD.
Wood MacKenzie estimates that in the first quarter of this year, the world’s supply of oil will exceed demand by about 1.5 million barrels per day. “There is some seasonality in that number, we are always oversupplied in late winter, early spring,” said R.T. Dukes, the firm’s research director. “In a short-term market that is oversupplied, it can go below cost,” said Kyle Cooper, research director with IAF Advisors. “About the only price it can’t go below is zero.
Down dud. Coming refinery maintenance shuts down half of U.S. refineries. So no need to buy oil when you can't process it. Furthermore Iran going on a Huge Shopping Spree so they will need to Pump flat out for years just to pay their bills and maintain there terrorist activities.
and you know come Monday morning Uwti could be trading around $2 a share since word is breaking that Saudi Arabia won't play games with Russia and Iran. NOPE - Saudi steadfast in pumping all out so they can take down their competitors.
as oil sells off going into refinery maintenance season. Looks for low $20's a barrel as Saudi says "Do You Feel the Pain"!
and Saudi follows with "We'd rather kiss a Cobra then cut our production to help Iran". Its a train wreck of epic proportion as Oil heads back to low $20's on HUGE inventory builds and refinery maintenance shutdown schedule for February, March and April. Look out BELOW
and adding "No way we cut production to put money into the hands of terrorists and commies". Oil tanks tomorrow as everyone continues to pump to the MAX
buy low - sell high guys and right now Russ is dirt cheap.
or is market going green because Apple posted weak forward guidance. what's up is down and vice versa
Yep - iWatch blow out sales - of course Cook is an expert on blowout. But wait - the iWatch is a disaster and no one wants to upgrade their iPhones anymore. Apple sub $90 a share tomorrow morning,