As a recap earlier today, “The Ipsos-Mori poll for the London Evening Standard found 53% of voters planned to vote No, while 47% said they would vote Yes, after excluding undecided voters,” according to the Yorkshire Post. If No wins with a clear victory - Gold falls like a falling knife picking up speed by the second.
Yea that threw me also. Nugt down 3.5% yet JDST barely moves. I expect to see JDST jump tomorrow since it so beaten down and as we all know Gold is now in permanent sell off mode. Thinking $14 very soon but smelling $20 plus next week.
Sure looks like another $13 to $16 drop for Gold tomorrow and with a "No" win in Scotland we might even see gold drop $20 plus. As each day go by the case builds stronger and stronger for gold to under perform this year and all of 2015. We're talking a major correction in gold as the Fed increase interest rates in 2015 as Gold heads under $700 an ounce. Best to sell your GLD (long) position tomorrow, or watch GLD drop to sub $100 a share by next month.
Just check out the chart for Dust over last ten days and you know its heading way, way higher. Seems no one wants to hold gold now since Yellen will raise rates in 2015, the dollar is going to continue to strengthen and Ukraine might just turn into a sleeper, if it isn't already. Dust to me looks like a double by end of year, but if market keeps going higher dust might be over $40 a share sometime in October.
GLD sure looks like it could test $85 - $90 range in near future as the precious yellow metal, is no long so precious.
I do believe that WSJ report yesterday got it wrong - but he has to write something to sell papers. Time for Yellen to set her own course or look like a shorter version of Helicopter Ben with white hair.
and that leak is sending market down. Fed will remove "no rate increase for foreseeable future" to "no rate increase for now:.
watch and learn tomorrow as the Fed spooks the market and tvix climbs over $5 a share.
In the name of protecting the homeland. Last I checked both Bush and Chaney were sitting millions on dollars getting fat in their three, four homes spread over the fruited plain, while the average Joe can barely make it and the U.S. sits on 18 trillion dollars in debt - most of which came from Bushman.
Yes and rumors are that Bush would like to paint a picture of ISIS terrorists at the Texas border to sit over his fireplace mantel. Bush will easily go down as one of the worst Presidents of the United States.
Also, I hear rumor that Chaney thinks the ISIS is just great because it allows the U.S. to not only invade Iraq again but also Syria. Cheney (the old chicken hawk) he is never backed away from a good trillion dollar war, using hard earned tax payer dollars.
And remember both Chaney and Bush love wars with no plan and no end game. Both these guys love to shoot first and ask questions later.
Global shares slipped to a one-month low on Tuesday as markets braced for a Federal Reserve meeting, when investors will be looking for clues on whether the U.S. central bank could raise interest rates sooner than previously expected. Speculation that the Fed will raise interest rates sooner and faster than previously expected has rattled share markets around the globe and supported the U.S. dollar.
Bull's last day on this earth as we know them.
Agree - Yellen will look at several factors when coming to the conclusion that rates will rise in 2015 and most likely early 2015. Furthermore she will look at the stock market this week and realize it can handle a change in Fed tone regarding higher interest rates. Can't blame the old bat for slapping the bull - when it runs higher into a brick wall of higher interest rates.
Because its September and September corrections are always worse then October corrections. Plus we all pretty much know the Fed is now forced into a corner and has to warn of raising interest rates. World stock markets don't like to be warned by anyone.
tomorrow Spy open under $197 with the Fed less then 30 hours away from killing the bull in its tracks with wording to the effect "Rates going higher so you better get used to it".
I mean why buy and hold FireEye if on Wednesday the Fed warning of raising rates and Feye dips below $25 a share. And then if Scotland breaks free on Britain, Feye could fall into high teens. Scary stuff.
another reason to just let Israel take out Iran's nukes. I mean Isis is bad (awful) but an Iran with Nukes would be like North Korea on steroids.
and it appears we could be back to a full scale war by Wednesday. Only question now is when does Putin send back the Russian troops to help the weak Ukrainian rebels?
and time for Obama to send U.S. arms to Ukraine, as in tanks and heavy military equipment so Putin know this isn't going to be a cake walk. The long Ukraine can hold out the weaker Putin get at home and abroad. Heck he might have to give up his twenty year old girl friend and find a real job back at the old KGB lab.
Monday open $3.30 - Close $4.30 (Ukraine back on the front page)
Tuesday open $4.80 range - Close $6 (worries about Fed tightening)
Wednesday open $6.30 range - Close $8.30 (Fed says rates rise anytime next year - as in early)
Thursday opens $9 range and Closes $10.60 (All eyes on Scotland Vote)
Friday open 12 range and closes $15 (If Scotland votes to leave Britain).
Dow could lose 1000 points this week and that's a conservative estimate
and all it takes is just one of these three scenarios to happen and the "mother of all corrections starts".
1. Fed hints at raising rates on Wednesday
2. Scotland vote "Yes" and leave Britain hanging by a thread
3. Russian soldiers invade Ukraine or all out fighting starts at multiple location in country.
Look out Spy Longs - Your going to get hit hard this coming week.