Come Monday markets will hear St. Louis Fed chief James Bullard, a centrist, and two who want the Fed to quickly end its bond-buying: Dallas Fed chief Richard Fisher and Richmond Fed chief Jeffrey Lacker. Majority of Fed members now want to end QE, so Bernie boy either starts in December or more likely gives a strong hint that the Fed starts tapering in January. You know GLD is going down simply because the Fed is not forced to taper sooner versus later. Question is how big of a plunge does GLD swallow?
Sentiment: Strong Sell
The comments from Charles Evans, the president of the Federal Reserve Bank of Chicago, suggest a strong report on November jobs growth on Friday has brought the Fed closer to reducing its third round of quantitative easing, known as QE3.
and not because I'm drinking this morning. I bought Dust last night after hour and Dzz. Also bought more Dust just after job's numbers came out. Now everything I read from the pros to the low life's said if the payroll number were over 200,000 gold would tank. And guess what - immediately after the 8:30 am payroll report Dust, Dzz raced higher. For a few minutes I was in investor heaven having called the Gold down move before it happened. Even picked up some more Dust right after 8:30 at $52 a share, believing that Gold would sell off big time today. Talking heads said good job's report would force Fed to taper sooner versus later - which means gold head way South.
But now look at the picture this morning. Gold trading flat as if nothing has happened. Stock market races on with U.S. economy improving and the Fed to talk turkey next week. Still think Gold fall into the close today and falls further next week because the Fed will be the news and we all know now they will taper over the next few months. Its a given but surprised Gold hasn't seen the short and long term picture which is sub $1000 a share early next year.
short this sucker all you can. Everyone knows GLD is going down short term and long term. Fed now takes action sooner then you think,
Wait until Market opens - Gold will sell off big time. Think GLD could hit $112 at close today - and near $100 a share next week.
and now wondering if Apple might sell off into the close to follow with a down day tomorrow. Yea, I'm sink of the buy the rumor sell the news line, but have a gut feeling some of the big boys are going to cash out and take their profits. Market could nose dive tomorrow if we go over 200,000 number on the job's report and should that occur I'm wondering how far Apple gets taken down. Well the close should be interesting at 4 pm but the 8:30 am action tomorrow will set the tone for Apple. Share price ramps on or Apple corrects and everyone sells at the same time and the sucker drops to who knows where.
and if the number is over 200,000 GLD falls through the floor. Fed going to taper and gold doesn't like that. Tomorrow''s numbers will tells us if it happens sooner versus later but with a March 2014 taper set in stone - gold/gld have only one way to move between now and March - DOWN.
You saw it yesterday (mainly down) and now your seeing it in premarket. My assumption is that news that the Fed is going to taper sooner versus later will hurt Apple stock (short term) and we could see the stock fall hard on any given day. I don't like the trading action here because you are playing Apple against the Fed. Sure we have CM news coming and very good holiday sales coming but we also have the Fed saying they will taper sooner versus later. Apple nosed dived from a high yesterday of $564 down to $551. This morning in PM its up but way off its lows. Could we see another jump higher at market open only to see the stock dive as the day goes by. Overall stock market is down and we know Apple goes out with tide if there is more Fed talk about tapering.
I like Apple and was in and out several times yesterday. But I can see this stock taking a major hit if the Fed says - Tapering starts on such and such date. Oh well, lets see if today's trading action copes yesterdays or if Apple gets back on track?
There is no floor anymore for Gold and as better U.S. economy numbers are reported this week, this month and next year GLD will continue to fall hard. We're not talking a dollar drop here or there, but 3% to 5% corrections on a daily basis. Who wants to hold gold (Long) when it will be the worst investment of all in 2014?
Apple had a slight dip this morning but the overall trend is UP. Not sure about "shorts" but when I see December in front of us with holiday sales and China Mobile deal announcement in two weeks - I see a $630 to $640 stock ready to move way higher into 2014. Buy on dips guy and girls.
and come the end of this month GLD very likely will be under $100 a share. It ever there was a time to dump gold and invest else where it NOW. Gold for intents and purposes is a tarnished metal that is losing value on a daily basis. See you all at a $117 close or lower today.
So now we have China economy improving along with ours in the states. Gold looks extremely weak here and could fall below $1000 an ounce if the Fed tapers in December, January or February next year. GLD = Dead Man Walking
and its going to get worse in December. The spot gold price took its worst monthly tumble in November for 35 years, continuing the precious metal's steady decline in 2013 As of Friday afternoon GMT, spot gold showed a decrease of around 5.5 percent for November. A price fall of such magnitude hasn't been seen in November since 1978, according to data from the World Gold Council, when prices plunged 20 percent.
"In view of the apparent improvement in the (U.S.) economy, investors are pulling funds out of gold for better avenues of investment," said Phillip Futures analyst Joyce Liu. And if you read between the lines (pulling money out of gld for better investments else where).
so you now have the green light to buy hand over fist. LCC pegged for over $30 a share by early next year, so at $23 and change right now its dirt cheap. Oh, and can we now admit that less air carriers means higher fees (yuk) but that's all good stuff for LCC. See you at $25 a share on Friday.
Don't think so. So it might be very wise to buy Apple (now) on the rumor of CM deal in three weeks. You never know when CM might come out (officially) and tell the world they are selling iPhones to millions of their customers. It could happen tomorrow, next week or certainly on Dec. 17th. But the real good news about buying Apple now before things become official is that Apple stock will climb substantially higher after China Mobile goes public as a Apple partner. So this is a strong case to buy on the rumor but even a stronger case to hold through the many positive Apple announcements coming in 2014 and beyond,
Typical gld trading day. Barely green in premarket but once market open GLD sells off. What a head fake but as usual the trend is down, down, down. Fed going to taper early next year and with that coming GLD is pretty much just a short trade.
in all their food. Burritos 70% oily rice with little else of substance.