UP 3%.. its highest one session move since 1978 or 40 years... pound at is lowest in 35 years..
and gold was at $ 110 40 years ago.... I predict massive dumping of gold when the dust settles
limit down multiple days coming... CANNOT have a strong US Dollar AND GOLD both at the same time..
since they are mutually exclusive... T-bonds are having their best moves in decades... it is going to be
so much fun to watch this unravel
99% probability now .... cant have a strong US dollar AND strong gold.. they are
mutually exclusive... when the dust settles... folks will just grab all the US dollars
they can get their hands on.... gold will resume bear market (head to 850 then to
550) , oil will re-test the 26 area and settle 18 - 26 trading range... stock markets will
enter bear market with a 20 - 25 % corrections happening in hi-speed... US dollar will
reclaim it's throne...
USD bonds are rallying... best bet is US dollar - nothing else..
dollar is UP huge against the Pound and euro.. looks like Ms Yellen wont have to
raise rates any time soon ... worldwide slow down expected along with deflation (the
pound and euro just did)....
God rarely gets mixed up with gamblers ...
however.. look at the whole picture... Gold was at 1300 ish just last
week... and now that Brexit is here.. it is still at 1300... non -event
market will read that as a MAJOR top in gold.. and then it is down hill for
gold as well... my prediction - first major stop at 855
as a common stock ETF GDX will decouple from gold... Russl 2000 is down 6 % DOW is down 600
Nasdaq is down triple digits... Oil down 5 % ... and gold is yet to cross over the other side of 1299 :-((
IF (hypothetically) GDX were to go DOWN 10% every single day for 15 trading days it would
end up at around $ 7.
This means DUST would go UP 30% every single day for 15 trading days and guess what she ends
up at $ 780 per share. And that incidentally is its high set some 2 years ago....
Can she DOUBLE TOP ?? Theoretically yes because fair value of GDX IS around $ 8.00 !!
Can some one do this analysis as well and see if my numbers are anywhere near these ?
do u even know what u are talking about ??.... looks like u had too much to smoke... here read in your
own words.... will dump.. but buy .. ??
"Gold trade looks crowded. If gold jumps, especially before Brexit, I'll dump all of it. Gold could pull back a bit, which would make a great entry, as I think it'll continue to climb. "
oh.. so now you are in agreement that there is NO correlation between Gold and NUGT... u see there cant be one.. because gold is a commoditiy, and NUGT is a 3 x % move derivative of an ETF composed
of gold mining companies (bunch of common stocks).... theoretically
NUGT is of the decaying variety... all GDX is go to do is say stay around the $ 25 pivot and move up / down a few % every day... u will be amazed that under that scenario... GDX could be $ 25.xx six months down the road and NUGT will be under 30.... decay my friend
cannot be compared with the price of a commodity HENCE there cannot mathematically be ANY correlation between the two.. IF you see one in the short term ... it is MERE COINCIDENCE...
what IF Bexit doesnt happen ?? pls enlighten us with you prediction.... my prediction
is BREXIT wont happen (will squeak by)... and gold will sell off to under 900... taking
GDX with it down to under $9 and NUGT will be getting ready to reverse split 1:10
So... what you are implying is that IF Brexit fizzles and UK stays... then gold will IMPLODE
(go down).... am i understanding this right ?
u are right it had NO reason to go up $ 21 in the first place... she is headed to 850 in a few weeks