Expect a slaughter of gold and gold stocks
You have become popular enough that somebody wants to imitate you! (Imitation is the best form of flattery. But the question is imitated by whom.)
Well, based on the recent price action, seems like market has taken a rather dim view of Lipocine potential given the Clarus move. Or it might be that it is moving down in anticipation of the 75-day letter. Or both.
In the short term the numbers will bounce around. So one can't be sure of lousy job numbers. What Yellen has succeeded in doing, intentionally or unintentionally, is to keep the gold price depressed with her constant reminders about an upcoming rate hike. In other words she has promoted an atmosphere of uncertainty that market does't like. We have to get past this big uncertainty before seeing any real sustained hike in gold price. Who knows when that might happen!
Interesting. If your thesis ir correct, that would certainly explain ButtBoy's looking like a genius predicting that VVUS will fall below 1.25 offering a better entry point. He also said, when asked if this was based on technical analysis, that it was also something else that he could not get into. Hmmm... What machinations!
Hendoracle, thanks for the good analysis. Where do the reality of the upcoming rate hike cycle figure in your analysis? How can gold/AUY turn corner with that overhang?
Nobody can say? Will we be around 3ish by the end of the year? Or plumbing the depths below 2 again? May be if AUY posts stellar earnings today, there is hope.
DEAD money for now.
Agree. Have been hurt too many times. Hope this is not a headfake.