and it beats ABX, NEM, GDX, etc., hands down. And don't forget - GG share price is still "dirt heap" and just a few dollars above its 52 week low. So time to buy 'hand over fist" because $20 is coming next week.
simply because no one wants to hold Uwti (long) over three day weekend, since any word or hint that Opec is full of "Hot Air" sends oil crashing while Uwti head for Sub $1 a share. And we all know over the weekend Saudi Arabia says "No deal until Russia and Iran's economies go belly up". Saudi's pump to the Max until Opec countries and Non-Opec countries both scream for mercy.
and many call it the "Yellen" effect so hold tight boys and girls because today is going to be very GREEN.
Europe up big as the central bank talks more easing while Yellen is six hour or so says "So long March Rate Hike and Hello Mr. Bull". Yep - timing is everything.
Yellen has said since day one "she is driven by the numbers". She will tighten or not tighten depending on what's staring her in the face. Right now China economy is tumbling, Japan is close to negative interest rates and Europe is in denial. All signs point to the Fed sitting on their hands and doing nothing this year. And remember thetruthseekerhiv, the majority of the Fed Board are all "Major Doves" who smell a U.S. recession coming. So Yellen tells Congress tomorrow - be prepared for easy money going forward and a Fed that will do everything in its power "To Not Raise RATES THIS YEAR".
So at 10 am tomorrow Lady Dove Yellen clearly states "Due to economic concerns overseas and here in the U.S. the Fed will not force higher interest rates going forward and in all likelihood hold off any rate hike this year". And with that news the BULL charges forward knowing the FED will ease and might even start"printing play money again". DeJa Vu all over again as the Bull run higher tomorrow.
and if the dollar strengthens on these weak numbers something is seriously wrong, Project 190,000 (which was low) and then comes in at 151,000. Gold close green and possibly very strong GREEN.
And I don't see any (real) competitor on the Chinese landscape to take market share away from Alibaba. JD had a very bad day today and seems to be getting more downgrades. Who else it there in China Internet land to take out Baba? Baidiu - no way. Chinese New Year coming and I think around then Alibaba starts firing on all cylinder. On time will tell.
Too make Dark clouds forming on the horizon and we all know Friday's payroll numbers will hit OIL HARD.
read and realize we are at the beginning of a bear market that will pull oil down, down, down.
"We're in a textbook transition from a bullish environment into a bearish environment," said Adam Sarhan, CEO of Sarhan Capital. "What's happening now is strength is being sold, not weakness being bought." "The inability to make a meaningful bounce off the January lows signals, to me, ... we're in the early stages of a bear market, he said.
Yea - the six month chart sure does look ugly. Problem is many investors here don't do the math. If they did the would realize Alibaba is a High Risk stock that is leveraged to the hilt. If China economy keeps falling Alibaba is doomed since the company was built on China expansion - not regression. Sad to say we break through $50 barrier next week and head lower as China manufacturing/exports fall through the floor.
Obama administration likes cheap oil so they won't lie about numbers. In fact the lower oil goes Obama smiles cause it hurts Russia and Saudi - two of Obama's enemies.
possibly but if not surly tomorrow. Gold goes higher since there is "no other" investment out there that will rocket higher as everything else around us crumbles. Hold tight to Friday's non-farm payroll - unemployment rate since numbers will rise pushing gold way, way higher as the Fed says "No Rate Hike This Year".
Guys - you miss the point. All world currencies are weakening due to central banks printing or threatening to print due to worldwide slowing economies. Let not get picky since bottom line - Gold is set to ramp higher as China economy and maybe U.S. economy start to falter - big time.