Just as I thought, the rally today is due to short covering in oil rally. Market reversed from 400 points down to 250 points down yesterday only by OPEC considering to cut oil output. Talk is cheap by these Mid Eastern oil countries. Their goal is to kill the U.S. shale and to push them to cut oil production and to face bankruptcy. Saudi says they can handle oil price to $18 dollars a barrel due to their low cost and they want U.S. shale to stop pumping oil and to compete with them.
Check it out today's news on CNBC. Looks like the billionaire Mark Cuban is on my side by investing a lot of his money in GLD. Today they called the false hope driving the crude oil rally. Good luck to those who bought in SPWR today. Get ready for another big leg down next week. See you between $15 to $16 after earning.
Sentiment: Strong Sell
I am continuously bullish with gold and silver. Solar panels and solar module face sever price competition and margin squeeze. With so much inventories and not enough demand in December and January, SPWR will miss earning for sure just like SCTY.
You are wrong. I am not caught offisides with any late momentum trade. I made nearly $10,000 dollars on solar shorting and over $10,000 on gold and silver trading just in the last two days.
This silly burrito stock is nearly $500 dollar a share and people actually are investing in it. Wall Street loves all these gamblers that dream to get rich quick so they can kill all of them and take all their money in the end.
Not to mention that George Soros bought in the $40 dollars range. I am in great dismay to see FEYE to fall to this level.
Government does not allow mining and won't issue permits between October into March. The permits will re be re issued and the mining will re open entering April.
I am a licensed metal broker. Gold price tends to slow down between May till September. From December till April is the high season for gold. Institutions tend to load up gold in December. Expect it to continue into April.
ABX and EXK are great stocks to buy on any pull back. We are facing global currency war today. As every country is competing negative interest loan, money gets thinner, gold will shine.
Don't think SPWR is going to do much better than SCTY. You will be pretty naïve if you do.
Let me be frank with you, SPWR will suffer the same fate as SCTY as the housing industry starts slowing down.
You will get killed if you bet on SPWR's earning ahead. Heed my warning. This stock was only $10 to $15 between 2012 to 2013. Much room to fall.
Sentiment: Strong Sell
Motley covers XIV a strong buy a few days ago. It says XIV is an easy double. I agree with Motley Fools. Fed's hinted the banks to get ready for negative interest rate which means all the banks get to borrow money from the Fed based on zero negative interest rate. Meanwhile, all the people like us will get charged by fee by keeping money in the banks. It is a changed form of QE by Fed. Banks will get to borrow zero interest rate loan from the Fed to pour into market to invest and loan to all business at low rate to help business growth. Meanwhile, the consumers are motivated to spend because the saving they have in the banks will charged fee if they don't spend at all. XIV is an easy double from here in the next following month. Get ready for #$%$ rally to be poised to happen any time soon.
Sentiment: Strong Buy
I will raise my target price of Groupon to $6.40 this year. If Groupon can grow its business like it did this quarter, this stock is an easy $6. Buying interest from Google or Amzn will be back in no time.