Remain wins back the lead over Brexit in final two polls before historic vote. - Two polls at 10pm swung the lead back to Remain and odds now point to a Remain "solid" win. Good for Europe but very bad for gold.
The bombshell survey, by respected pollsters TNS, shows Brexit has surged ahead by 49 per cent to 42 per cent once people's likelihood to vote is taken into account. Boy Spy longs are sure "sheep" ready for slaughter.
so do you really, really want to go long Spy tomorrow and Friday. HA
Yea - Dust was something like $11.30 and climbing and then the floor fell out. Rather odd since London Bookies are saying "Remain in Europe" is a head but now I have to wonder if the Brexit group might just win. Thus the reason Dust sold off in fear of a Brexit. Can't touch the gold play now but the long Tvix play looks solid since Europe as we know it - is in deep trouble.
for a "SURE" triple mover higher. U.S. heading into recession as Great Britain gets ready to leave Europe. And even if Brexit wins - the game is over since all world economies are not TANKING.
Just let the market tell you what to do with Dust and Gold. And right now the DOW being up 40 plus points is telling you the Brexit will fail and gold will drop hard into Thursday's voting. But the real sell off come Friday when Goldbugs realize they bet the Wrong Way.
since the market knows Hillary is "bad" for Gold when Trump is "good for Gold". Crooked Hillary wants financial stability which pushes gold lower when Lunatic Donald wants "volatility" which pushes gold higher. Since Crooked Hillary is going to win, gold falls going forward and even Bill's Viagra won't be able to keep it up.
Sure seems Yellen is putting all her eggs into Brexit going down and a July Rate Hike coming sooner then the market realizes. Look out GLD longs - Fed and G.B could do major damage to your "weak" gold holdings,
so why go long GLD, Nugt, Miners, etc., when you know you will lose fingers and toes come Friday morning?
In your dreams - Fed wants to raise rates but that not the big catalyst to push gold under $1100 an ounce. It's Friday when "Remain in Europe" wins in G.B. See you at $100 a share real soon.
as Gold gets set for a Super Free Fall this week as Yellen says "Rate Hikes Still On" in Front of a Remain in Europe Win". Talk about a Massive Gold Beat Down.
and it appears the yellow metal could sell off $12 to $20 everyday leading up to Thursday's vote. Pound strengthens as gold dives. And I would not be surprised to see GLD under $108 come Friday morning - possibly lower.
just bought on Bullard news. This is BIG and clearly signals the Fed wants nothing to do with rate hike this summer, fall and even late in the year. Yellen if anything is becoming more of a Dove as the U.S. dollar weakens and the Federal Deficit grows. Gold over $1300 an ounce on Monday and then over $1400 an ounce mid-July.
and when Bullard speaks - you know he is speaking for lady Dove herself - Yellen. Gold going way, way higher as the Fed is screaming now - No Rate Hike This Year. Which is very, very good news for GLD longs.
St. Louis Fed President Jim Bullard, in a significant shift in his outlook for the economy, now says low growth and a very low fed funds rate of just 63 basis points will likely remain in place through 2018.
and to be honest half the Fed Board doesn't even want to do one rate hike this year. Seems Fed is crawling back into the Dove Hole and hoarding GOLD.
and with this news Gold blows past $1300 an ounce and set sights on $1500 this summer.
The U.S. economy, stuck in a slow-growth pattern that is likely to persist for the forseeable future, may need no more than a single additional rate hike for as long as 2.5 years, St. Louis Fed President James Bullard said on Wednesday.
Fed tried to bluff last week Yellen's speech and it didn't work. Furthermore the Fed had their opportunity to jack rates last year and missed the boat. Now Yellen is forced to do nothing as world markets sell off knowing world economies are in a heap of HURT.
So Parliament can go against voters exit decision? That sounds like mass suicide if your a politician. Furthermore why have a U.K. vote if men with wigs can play God? I'm not questioning your accuracy - just find it hard to believe if a majority of Brits vote to leave Europe - the government in power doesn't bend down and follow their marching orders.