Yes but also am holding shares I bought last week at $93. So averaging down knowing Gold going higher as more financial news shows Asian now in recession, while Brazil days/possibly weeks from default and Yellen more of a "Dove" now then she has ever been over her Fed term. At some point there will be a flight to safety and gold will be where everyone flocks to.
Saudi Arabia’s state-owned oil company will likely to increase its production to meet rising demand this year, its chief executive said Tuesday, potentially adding a new flood of crude to a global glut that has pushed prices to record lows.
as Oil not only falls through $40 a barrel, but very, very likely $30 a barrel as the world largest producer of Oil increases in Oil Production Level for all of 2016 and 2017. And as oil drops it will take world stock markets with it. DOW SHE GOES
and Russian oil minister just came out and said "OPEC" no longer exists. So long $45 a barrel and hello $25 a barrel very, very soon.
Brazil now days away from complete government shutdown as embattled President gets ready to move to China. Then you throw in more Fed members saying no "rate hike" this summer and you know Gold will ramp higher as every looks for a "safe haven" play for the next several months.
China's uneven recovery looks fragile amid not so favourable risk conditions, with the Asian equities showing subdued performance as the oil prices trade mixed. In other words time to buy Yang and Prosper.
at high prices. And as we all know Yellen will do anything to product the U.S. economy even letting the dollar fall to new 52 week lows, week in - week out.
as if the market finally knows "Sell in May and Go Away" is finally here. And I do notice Gold about to go higher as all countries cry out (our currency is worth NOTHING).
China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy. Exports fell 1.8 percent from a year earlier, the General Administration of Customs said on Sunday, reversing the previous month's brief recovery and supporting the government's concerns that the foreign trade environment will be challenging in 2016.
April imports dropped 10.9 percent from a year earlier, falling for the 18th consecutive month, suggesting domestic demand remains very weak despite a pickup in infrastructure spending and record credit growth in the first quarter. "Both exports and imports came in much weaker than expected, in line with the soft trade performance across Asia, pointing to another very challenging year for emerging markets," said Zhou Hao, senior emerging market economist at Commerzbank in Singapore.
and if your not long "Gold" well your bank account could soon be zero if your long Uvxy.
Seems the only thing that might make Tvix go up is if Trump win and then Fires Yellen. Then he replaces her with a "major hawk". Now all this won't happen (if it actually does) until Jan./Feb. next year so until then the Market marches on towards the cliff while the doves sing and the White House band play on.
as volume grows with new gold investors buying gold for the long ride up. Hey the Fed was supposed to jack rates up 4 times this year and now after today's weak non-farm payroll numbers the Fed won't do anything for the rest of the year. Yellen sits on her hands as Gold jumps going forward, reaching $1,400 an ounce, then $1,500 an ounce and most likely $1,600 an ounce by September. Don't know about you but I want a piece of that action.
Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month. "Currently prices are falling even" said Frank Klumpp, oil analyst at Stuttgart-based Landesbank Baden-Wuerttemberg. "It seems that investors take profits as oil could retest the $34 to $38 a barrel range.