but that's OK because the only reason I'm in Syria is to take out oil fields (Saudi Arabia possibly) and protect the locals - which are mostly Isis terrorists.
and possibly missing targets and taking out Middle East oil fields. Putin wants to push oil higher and by God he will with hundreds of Russian Jet fighters and tanks now in Syria. Oil over $60 a barrel soon as Russian Aggression goes wild in and outside of Syria.
while still under $3 a pop. Sure you can buy in tomorrow after split but if Gold ramps higher this afternoon - after hours - you will be buying in at a way, way higher price. Early bird gets the worm and it this case Nugt under $3 a share is a "Steal".
China building Military bases in middle of China Sea and now Russia spending millions to build air bases in Syria. Its called Communist Mass Aggression and its picking up speed as we Post
and Putin and Obama in the other duking it out. What a Joke Putin speaking to the U.N. as if he is "Stalin" in Sheep Clothing.
And why would you hold Alibaba stock (if you were an insider) knowing it could be cut in half this year and take Softbank, Yahoo and even Jack Ma/Joseph C. TSAI down the drain. This is what we call "Chinese Water Torture" in the Billions.
So long $60's and hello $50's tomorrow. Stock will continue to sell off into upcoming quarterly report due to crumbling China economy and the "scary fact" that Jack Ma can't hide falling revenue with phony numbers and bogus forward guidance. Never trust the Chinese govt. or China business executives in a full blown economy/market collapse. Especially so with companies like Alibaba who like to report numbers with smoke and mirrors.
deep, deep down Softbank, Yahoo, Alibaba insiders all want to dump this stock as quick as they can. And if you have inside information regarding how bad the up coming quarterly report will be you sell your share of Alibaba as fast as you can. We're talking a HUGE MISS with the potential to drive this stock into the $40's if not lower. Be careful here cause you know the "Big Boys" are going to unload as if there is no tomorrow.
Smell the air russellbjerke. Volatility is every where which is good for gold. Gold has bottomed here and the only direction (going forward) is UP. If Yellen can't raise rates today - when can she raise rates??? There is always an excuse and going forward there will be more reason to do nothing. The Fed has dug themselves into a very deep hole and at some point they won't be able to get out. No rate hike today as the Fed gets ready to kick the can well into 2016. Thus Gold goes HIGHER
Gold spikes going forward on Fed delay of rate hike, Russia intrusion into Syria, China/India buying more gold and the dollar weakening. Say goodbye to $3 today and Hello $4 plus tomorrow.
Rob Carnell, chief international economist at ING, said, "All in all, weak, disappointing, and taken together with other data earlier today - retail sales and Empire manufacturing - nudges the argument in the direction of the FOMC doves." "With only CPI left to come before the September 17th meeting, and that likely to be on the low side, the data dependent FOMC might find the pendulum swinging to the 'no hike' side," he added.
No brainer buying Nugt at these low levels with the Fed in three days kicking the can down the road with no rate hike. Gold soars this week but you have to buy Nugt now for the ride UP.
But you have to buy now and hold to enjoy the ride up - NEXT WEEK
and doubling Nugt current price of $2.45. Yellen is a "Dove" to the bone and with China meltdown, zero inflation and slowing U.S. economy she will do what she always does. NOTHING See you all at $6 plus a share for Nugt next week.
since insiders will not dump 1.6 billion shares of Alibaba stock when its trading at $40 a share the day after (upcoming) earnings report. Jack's a smart guy and he has already made his millions if not more. But he knows insiders will not sell their Baba shares if the stock is trading under $50 or more likely under $40. So Jack wants Chinese government to intervene and move stock lock up expiration date one day past upcoming quarterly report so insider will be forced to hold their underwater stock options at $40 a share and hope for Alibaba turn around. Of course that could take years - but what's a CEO to do when his Company is crumbling as the China Economy goes POP.
and not only will they miss (big time) when they report end of month/October, their respective stock will be trading so low even the Chinese government won't pay to bury them. We're talking Baba around $45 a share after next quarterly report and JD in the teens. Never ever hold Chinese stocks (long) with a major Tsunami coming over the next 4 to 6 weeks.
We close under $60 today and open $56 tomorrow. The free fall will gain speed as investors realize this company is now a "shorts paradise" with 1.6 billion shares hitting the market next week during a Major China Economic Meltdown. The selling of Baba stock will be fierce.
Boy Jack is jumping Ship in two weeks as he cashing out his Baba stock and invests outside the company. Not a good sign when top level executives at Baba sell stock and move it else were. Watch Alibaba stock drop like a rock after Stock Lock Up Expiration since the company CEO just told everyone "he see's further stock decline well into 2015 - 2016. OUCH
so now the question is can all these "lifers" now short the Chinese stock market while in Jail?