a rest stop here and there...but too much unsettled business in trade, currencies, technology displacing workers, national and global debt, mideast and asia strife. I think Gold will be a favored investment for the better part of the year....we'll see.
Look forward to the next step up next week..
Cmon Yamana...reap the wild wind. Let's head for $3 where you should be trading (at least).
portfolios...read article below..
"The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi (NYSE:C) strategists have warned.
Citi: 'We Should All Fear Oilmageddon' Bloomberg
IMF cuts global growth forecast as China slows Reuters
Stocks battered as oil pushes below $27 AFP
Warning of 'great challenges' this year, IMF cuts world economic growth forecast Los Angeles Times
The only place left to invest if ‘Oilmageddon ‘ hits this market MarketWatch
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.
"Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)... and repeat. Ad infinitum, this would lead to Oilmageddon, a 'significant and synchronized' global recession and a proper modern-day equity bear market."
Stubbs said that macro strategists at Citi forecast that the dollar would weaken in 2016 and that oil prices were likely bottoming, potentially providing some light at the end of the tunnel.
I believe Gold will continue to uptick. I don't know where it will take a rest...but $1200 is looking like a good possibility in the near term. Not a bad time to own AUY. Finally longs have something to smile about. Bout time.
Bearish sentiment is hanging over equities right now...for good reason. Gold safe haven buying will continue IMO.
dropped in 2015, national debt topped $19 trillion, dollar softening... all bodes well for Gold going forward. I don't see a big step back...just another small plateau in the upward step pattern. AUY at $1120 gold prices has to be making some nice positive cash flow, especially with fuel prices down and currency hedges lifted. Brio market value is increasing and likely getting more appealing to buyers....they'll probably end up getting another 10-20% for Brio by holding out for a little bit. Could turn to be a savvy move. AUY price is way out of synch with the present Gold price....they should probably be north of $3 right now...and ramping up at a steep rate with every increase in Gold.
year ended with a thud...it's just the jobs are a lagging indicator. Look for market volatility and dollar softness to continue. Should benefit Gold...AUY is going to rise again IMO...
Cmon $1200 Gold...it's a coming.
Any not many economic forecasters are predicting recession in 2017. Pre-recession in 2016. Bodes very well for Gold safe haven buying to continue and AUY WILL respond nicely. Again, stacking up very well for some interesting comments and guidance from Marrone during the CC in two weeks. This is getting good...
Mine's easy, I bought some AUY at high prices, some at low prices (with today's pps as a reference) and I haven't sold a share. Been buying chunks for about 1-1/2 years and I'm holding out until Gold is north of $1300 and likely north of $1400 and on the climb...then we'll see what AUY is trading at. Yes...I'm a boring Long...but we'll see how this plays out. I think I'm gonna be fine.
way down. Being sarcastic of course...but really does an analyst ever look ahead? It seems they fixate on the past being prologue to the future. They don't seem to get that Gold will spike when the global economy is rocky (at best) as well as when there is global instability and unrest...and not to mention the US economy was propped up by stimulus and monetary policy that has now been tightened. It's barely showing enough strength to stand on it's own (Twitter and Facebook withstanding....lol). We won't talk about the $19 trillion debt that nobody is concerned about. Gold's going to be a safe haven for a while until things get sorted out.
AUY's really gonna rock at some point. This stock was trading at $10+ at $1300 Gold prices....it's really not going to take much more in Gold appreciation for the stock prices to bust out of its 2-year funk. Maybe the shorts will have to take a break for while. This could be fun to watch...
watchers. That could make the run to $1200 pretty quick (let's hope). With recent cost cutting, the expiration of currency hedges and dropping fuel prices, also with the rise in Gold...AUY should be accruing some nice cash flow and substantial earnings.... Looking forward to the CC on Feb 18th. I think this stock is primed for the "pop" we've been waiting for.
she pops right back. Bodes well for a sustained rally. Auy will follow and at some point really jump. Just need to see some financial improvement going forward...and I think we're going to see and hear that in two weeks. IMO
I just bought 40 trillion dollars worth of Gold...oh, and I bought Park Avenue while playing Monopoly was well. At fantasy land fun?
oh, and more dire forecasts from Gold-haters having the yellow stuff trading at $700.
Keep it coming....in the meanwhile, reality has hit. Social media stocks are not enough to sustain the US Economy.