You also could suggest shorting GLD, but the action today seems to be with your (short) ETF's, Both up 14% and climbing as gold sells off in the face of Fed summer action. Yellen can't hide now since numbers clearly force her to raise rates (sooner now versus later). Gold golden days (I'm afraid) are numbered as the price per ounce falls through out the year.
More like $45 a share since everyone knows a "Huge" miss is coming next quarterly report. Half of Baba sales are ghost sales - as in "Made Up".
since everyone know Netanyahu is going to draw the red line and its only a question of who steps over it first. Iran or Obama?
and yes I'm being a little over zealous but if we get another spike in jobless claims watch the Fed throw out a rate hike this year. Best play going forward now - go long gold and enjoy the ride higher as the Fed starts to kick the can down the road - as into 2016.
Seems Yellen might just forget about a rate hike this year if we have another consecutive jump in Jobless Claims. Gold bugs should be very happy though U.S. economy could be taking a step back.
and possibly touches $30 a share when we get another bad jobs report followed by Worldwide volatility jump. Its coming sooner then you think. More oil layoffs, more out of control U.S. debt, more Russian aggression in Ukraine - Eastern Europe, etc. Gold going higher so get on board now.
Well Yellen sure not going to raise rates with more folks filing for unemployment and Europe in deep recession. If anything I think the Fed just talks and talks without doing anything this year. That's very good news for gold - if it happens.
get ready to Rumble. And next week Obama send U.S. arms to Ukrainian Army. Gold set to rocket higher as Eastern Europe Crisis flares.
U.S. military combat vehicles paraded Wednesday through an Estonian city that juts into Russia, a symbolic act that highlighted the stakes for both sides amid the worst tensions between the West and Russia since the Cold War.
since if there was some agreement it would of been resolved hours ago. The longer we go with no word - the more likely no deal as Greece goes bye-bye.
Its a catch 22 today but Germany would be very smart to stick to their guns and demand Greece (which wants hand out every two years) stick to the agreements they have made in the past. If Merkel buckles or reduces Greece IOU's then she will create a back lash that will swamp Europe with decades of massive debt and reduce the Euro to nothing. Let Greece go their own way is the "sane" way to handle this but maybe Merkel wants to lose her power in Germany and also her Prime Minister position since majority of Germans don't care for Greek bailouts.
Sure looks like a Massive Train Wreck to Me.
But the letter, obtained by the Financial Times, also said Mr Varoufakis’s request was subject to finding “mutually acceptable financial and administrative terms”, part of a series of clauses Berlin told counterparts amounted to “a Trojan horse” designed by Athens to change the conditions it must meet to receive #$%$7.2bn in aid available for finishing the bailout. “The letter from Athens is not a substantive proposal for a solution,” said Martin Jäger, spokesman for the German finance ministry. “In truth, it aims at bridge financing without fulfilling the demands of the programme.”
Its now gotten down to a fist fight between empty pocket's Greece and frugal Germany. Greece wants to keep getting free money without strings attached and Germany is getting tired of playing games (so they claim). Well tomorrow we find out where this games ends because both Germany and Greece have set the red line very close to their boarders. Greece cannot bend to Europe or the 3/4 of Greek voters will tar and feather the new party leaders. Greek's PM and Finance Minister know that and that's why they are playing games with their new bridge loan. Bridge to where? Exactly.
Germany has their pencil sharped and will not accept any bogus over night quickly written bridge loan that allows Greece to ignore there debt payment responsibilities. Germany will lend money but expects something in return other a new leather jacket from the Greek's Finance Minister's office. Its all coming to a head tomorrow and it will end tomorrow. Why - because Germany holds the cards and Germany is not bending over to let Greece stick it to them again.
and so it begins - just like World War II in Europe. Russia will not stop until it has the Eiffel Tower and Tower of London in its back pocket. And Europe thinks all Putin wants is some bombed out cities along the Russian boarder. HA
Russian president Vladimir Putin could repeat the tactics used to destabilise Ukraine in Baltic members of the Nato alliance, the defence secretary has warned. Michael Fallon said Nato must be ready for Russian aggression in “whatever form it takes” as he acknowledged tensions between the alliance and Moscow were “warming up
but only after he read's Greece's new proposal which is rumored to be just one page long displaying several cartoon illustrations of Mr.Schaueble. Seems the Greeks really want to make a good impression on ECB, IMF and Mr. Schaueble so they plan an illustrated one page document that says nothing other then "Give Us More Free Euros".
This is called fair and square negotiations in Athens.