St. Louis Fed President James Bullard told CNBC that a U.S. Federal Reserve rate hike in June or July wasn't set in stone, but labor data suggested it was time to pull the trigger.
and as each day goes by the market ignores pending rate hike thinking "free money" will be here forever. Three Fed board members speak today and I know as a "FACT" that two our of three will say June rate hike very likely. Look out Bulls - your about to be "WHIPLASHED".
and you know civil unrest in Venezula will spill over into Brazil - which just happens to be without a President. Could we see a Domino effect in South America then with Venezula, Brazil, Argentina and possible Bolivia and Peru all going to hell in a hand basket???
I agree and when you add Venezula problems with Nigeria terrorists attacks - you could see a major reduction of oil on both sides of the Atlantic. And I don't think Venezula will be the last (oil producing country) to go belly up. Lost more to come.
as gold climbs and Mother Market sells OFF.
premarket means little though you should buy on the dips. Massive China Debt will swallow all of Asia up in one gulp.
As oil will drop knowing Nigeria will be back to normal by mid-week and Canadian oil production back to normal. Then you add Saudi Arabia, Russia and Iran all increasing oil production and you know the "Black Liquid" is heading under $40 a barrel this month.
as oil production soon back to normal in Nigeria. Then you add Canada oil coming back on line with Saudi Arabia, Russia and Iran all increasing oil production - and you know Oil will FALL.
since Gold is not acting right today (as if it ever did). Better to short XLY, HRT for the long ride down when tomorrow's weak retail numbers come out.
Seriously I'd love to buy Nugt below $100 and hold for next six months but that's impossibly the way it trades. Going to pick a few individual gold miners and place my bets their since I can handle 3% to 5% swings up and down (hopefully mostly up swings). With Nugt you have to deal with 10% swings up and down (if not more) in either direction which is pure folly. Casino time and you know the "Casino" control the odds in their favor.
Might I suggest (EDZ) since Brazil is possibly days away from default on its massive debt and odds now are 50 - 50 on No Summer Olympics. Pesky misquotes. Whoops I meant Pesky Govt. Corruption.
Brazil in complete meltdown mode and now its only a question of when the country defaults on Trillions of debt.
In a stunning twist in the effort to impeach President Dilma Rousseff of Brazil, the new speaker of the lower house of Congress has changed his mind — less than 24 hours after announcing that he would try to annul his chamber’s decision to impeach her. Brazilians awoke on Tuesday to the news of the sudden about-face by the speaker, Waldir Maranhão, who on Monday was widely ridiculed and threatened with expulsion from his Progressive Party for trying to upend the impeachment process.
and say "Hello" to $25 oil coming to a theater near you.
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.
WSJ - Saudi Arabia’s state-owned oil company will increase its production to meet rising demand this year, its chief executive said Tuesday, potentially adding a new flood of crude to a global glut that has pushed prices to record lows. So now oil and USO are Dead Man Walking as oil only has one direction to go - DOWN.
China's exports and imports slow more than expected and you know the word "more then expected" is a complete farce since China's economy has been declining for the last year or two as the government does anything possible to "HIDE THE TRUTH".
and you know (as well as I do) that what ever news China posts - its Ten Time Worse in "Reality Land".