Pretty hard to see things like this BS being stated: ""Two rate hikes are certainly possible. We have enough (Fed policy) meetings remaining but it depends entirely on how the economy evolves,"
Of course it is just smoke and mirrors, but it has a definite effect of raising the dollar and hitting gold. But, I surprised everyone doesn't know it is pure jawboning BS.
I figure they'll be doing an 8 to 10X split at anywhere between 120 and 150. And a reverse split on Dust to get them back to close parity.
Yes, it is volatile. The Miners have been smacked down for 5 years. Gold has been hated, miners have been hated. Its an election year with Yellen appointed by a Democratic President. The Dems won't allow any rate hikes that might start to unravel this tenuous ball of lies the BLS has created with their insanely manipulated statistical restatements of reality (figures don't lie but liars figure). Goldman was short the gold trade last month, and had their muppets short, they are now covering. The retail public still isn't aware of the movement in this sector, and since they are always the last in and last out, there should be a lot of buying from that direction. We, just this week, admonished the rest of the World that they had better not try to devalue their currencies against the Greenback or else! So, the trend is very bullish, the only tootsie roll in the punch bowl will be further currency devaluations by other Countries, making the Greenback the Belle of the Ball, or a rate hike by the Fed that would pull money out of the Market--and that isn't going to happen with the elections 7 months away.
So, yep, we could see some terrifying one day movements, but the trend is as clearly your friend. Plus, biotech has been sucking wind, tech is weak, manufacturing is falling off a cliff, time for sector rotation.
With the storming of the Parliament in Baghdad, IRAQ is looking pretty precarious. I expect panic buys in India and Asia on Sunday evening and that will carry over to a gap up on Monday in both the Oilies and the Miners.
You must have some serious stones to be selling naked calls on this Monster. Congrats if you can do it, but that would generate more anxiety than my nerves can take.
Yeah, serious end of day buying. It sure looked like Insto shorts panicking. Still Huge Insto Short interest l. If we get a 20% pull back on Monday the Shorts will climb on, only to face a buying rush from retails and Asia.
This is one sweet short pressing. The only thing that will end it is higher interest rates, and that isn't going to happen in an election where all mainstream politicos are sweating and looking for exit contingencies if Trump does get the nomination.
I traded it in and out around 19. Then came back in around 30 with the last buy in the high 70's. Been holding and not trading, as no matter what everyone sez, you can't trade this thing in this environment. Even with the decay, it's a buy and hold until something really unexpected occurs. That being said, you can't over allocate or it will send you to the nut house or to the bar. I'm happy with a modest 500 shares, just riding it and not worry about the day to day moves.
Nice find. So, the Asian consumer thought the price had moved too high too quick and decided to wait for a fall back....ooops, I smell a panic buying rush coming from the Asian Herd. That coupled with the historic short positions held by the Instos and the total unawareness of Joe Retail of the move in gold and their always piling in late and buying on the way up and, of course, the ultimate confirmation that we are in for a massive move up......wait for it... Canada liquidates all of its gold reserves.
Oh, so you are sure the Yellenator will no longer move to devalue the dollar???? If the dollar remains strong everything gets worser. The only fly in the ointment is China's move to control gold in Yuan. Now, pessimist will think they'll try and make gold cheap again to accumulate more to add to their massive reserves as they position the Yuan to be backed in gold and thus become a currency in demand.
A small wry chuckle can be had at the expense of the poor Cannuks who just sold all of their reserves.
Paradise, you do realize that these class action law firm #$%$ file class actions suits on every stock in pharma/bio space that has a major knock back in share price. And, they will tell you anything to get you to sign up. If you get 1/20th of your money back after the class action lawyer #$%$ get their fat hourly rates you can count yourself lucky.
Take a look at who makes up the FDA board. There are "independent scientist" and there are executives from the Industry. Now, think about how the industry would feel about TRXC!!!!
Exactly. The FDA will work on it's own time frame. There has been no notice for TRXC to head back to the skunk works and tweak their Bot. Things are moving as they were expected to...
The FDA advised the Company that it has not yet concluded the review of the Company's 510(k) submission and provided an update on the status of the filing. The Company has updated its timing expectations and now expects to receive a decision from the FDA by mid-April, 2016. The Company previously expected a decision from the FDA in the first quarter of 2016.
"We have been engaged in constructive dialogue with the FDA throughout the entire submission process," said Todd M. Pope, President and Chief Executive Officer of TransEnterix. "We appreciate the proactive exchange with the FDA and look forward to their decision, and continue to expect clearance for the SurgiBot."
Yeah, I never use submitted stops, and in this case I did. Stops taken out at $4.98, but after seeing no news I was able to buy back my position at $4.95.
Decay is not exactly relevant in this Market. So far in this year it is possible to trade NUGT in short term swings, but excellent money is being made just buying and holding. We all know the US wants to weaken the Greenback, that, coupled with ZIRP and NIRP provides a clear message that gold will become more "dear" to investors and Countries (except to crazy Canadians) all over the World. I also believe the yesterday's filing of two class action lawsuits against the Gold Cartel in Canada for over a billion will gather steam and publicity further focusing investors on Gold.
oDER April 15, 2016 8:00 a.m. to 5:00 p.m. Hilton Washington DC North/
Gaithersburg, The Ballrooms
620 Perry Pkwy.
Gaithersburg, MD 20877
Well, that is convoluted thinking. First off, they to get approval. It is expected, based, amongst other things, due to the previous interaction with the FDA.
Then they can sell the darn things. And, the application is much broader than many here want to admit. I'm sure there are all sorts of smallish hospitals that would love to advertise they have a unit. They'll get orders much faster than you are suggesting.
The biggest danger is the political nature of the FDA.