Rather play gold for decent moves higher and Goldcorp is the ETF to place your bet since it moves higher then both Nem and Abx. Check out price action today, this week and you'll be long GG going into next week.
Yep - Just like that Big Venezuela deal a week or two back. What a "belly flop". Then bogus news that Russia would consider oil cut backs only to find out that Russia will pump full out for years to come. Can't let those Russian oil pipes freeze up in Siberia. So here we are again with False Hopes and fake rumors thrown out by desperate Opec countries hoping some one believes them before Saudi Arabis slams the door and says "We Cut Production For NO ONE".
Oil surged by more than 5 percent in Asia on Friday - a day after tanking towards 13-year lows - following a report suggesting the Organization of the Petroleum Exporting Countries cartel was open to working towards cutting output to stabilize volatile crude markets. Timing is everything but with more (positive Opec) news coming out this today, over weekend oil is going to fly higher.
Oil surged by more than 5 percent in Asia on Friday - a day after tanking towards 13-year lows - following a report suggesting the Organization of the Petroleum Exporting Countries cartel was open to working towards cutting output stabilize volatile crude markets.
Timing is everything but buying Uwti, Uco here and going long sure looks like a good move.
and then you add the Fed at 10 am and the Bull might just take off and jump 300 points. All Yellen has to say is "March probably does not warrant a rate hike" and the market will take off like gang busters. Might be a good time to short Tvix this morning or at least cash in your profits if your long - since once the Fed speaks Tvix could be $9 a share and dropping like a rock.
and most likely no rate hike until late this year. Lets all not forget that Yellen is the "Queen of Doves" and tomorrow she will calm world markets by telling Congress - No rate hike for the foreseeable future. And when that news hits the fan - the DOW JUMPS.
and the Dow explodes higher knowing the Fed is there throw "free money" at any sign of of U.S. recession.
and remember Iran has existed for years without pumping much oil while Saudi Arabia has to pump to the max to keep all the Kings "resorts" air conditioned. Oil going way lower as everyone thinks they can outlast their bitter enemy, per every last drop of black oil.
since you know Alibaba posts "phony" numbers while selling 50% counterfeit goods. Stock now in $50's and headed towards $30 as the "China Bubble BURSTS".
just as Chinese Government denies building sand castles in the middle of the China Sea for Military purposes. See the pattern, Company lies - Govt. lies. Company plays with numbers - Govt. plays with numbers. Fat cats, Baba insiders dump stock but say only to "charity" while Chinese Govt. loves all citizens and only throws 1/4 in jail every year. Its the "Chinese" way - Lie through you teeth but keep smiling.
Only safe haven left is Gold and with the dollar weakening and stock market crashing - Nugt is where you want to invest for an easy double move higher - if not more.
Simply because Oil went up for no reason today, as U.S. inventory shows were are now just weeks away from reaching peak storage levels. And when that happens oil falls through the $20's into the teens because you won't be able to five the stuff away for free.
with its Under Study CEO who thinks she knows all the answers, while her company layoffs 15% of employee and threatens to sell Baba stock for pennies on the dollar. Such rash thinking will hurt Alibaba stock, far more then the counterfeit government Ja Ma works for.