Agree - and there is nothing the Chinese government can do about it other then run for cover.
Nugt volume is impressive - looks like buyers are coming in for the ride up. Question is does gold POP higher or just move steadily up for rest of year and into 2016?
buy low sell high guys. No brainer buying Nugt with Russia - US about to tango in Middle East.
Ask Helicopter Ben dude. Cramer is an Q-Ball idiot but you might not be far behind. The fed has kicked the can down the road for so long (ten years) that any move to raise rates sends the market down 700 to 1000 points. Now it might spring back up the next day - but the day the Fed jacks rates you will see the "mother of all market sell offs". Unless you think what's up is down and vice versa.
and the Dow will follow. So much for this morning's "HEAD FAKE". The trend going forward is down, down, down as Yellen get sets to push the "Rate Hike Button" and end the ten year Bull rally. All things have to come to an end, especially so with major world economies all faltering at the same time. Sure look UGLY going forward - don't it.
Bullard just came out and said a October rate hike is very possible. So the Fed is now warning you that the "brown stuff hits the fan" in 30 days of less. You have been warned.
I'll take $1.85 or higher. Shares are holding around highs today which is an excellent sign for (big) upward movement tomorrow.
Never fight the Fed, especially Yellen who loves gold jewelry on the "cheap".
Sure looks that way since the Tea party republicans can do what ever they want in the "House". And don't doubt Yellen has that concern on her mind when it comes time to "No Mas to Rate Hike".
for big "No Rate Hike" speech come Thursday. Never fight the Fed, especially in times of Major Volatility, With the Fed's inaction this Thursday - gold jump $100 plus and gold miner stock jump 100%.
What a nasty Tsunami coming directly at Alibaba. 1.6 billion shares of the stock hit the market in a few days and almost all will be panic sell orders. Baba executives have already warned about a massive MISS come next quarterly report. And now you have Barron's coming out and says Alibaba stock could drop 50% in the flash of an eye. So long $60's and hello $30's in a month or two.
China coms out with really bad economic numbers on Sunday and come market open Monday odds of a Fed "delayed" rate hike jump from 60% to 80%. Got to go long Nugt here or sit on the sidelines and kick yourself all next week, next month and rest of year as gold miners climb.
Agree - when the tide turns it will turn BIG. $4 a share on target for Monday and then over $10 come Wednesday. No one wants to short Gold going into Thursday's Big Event.
along with flushing some serious money down the drain as the Fed says "No rate hike in 2015". Never fight the fed, especially when the lady that runs it is a Major Dove to the CORE. Nugt open $3.20 Monday and doesn't look back.
can't go wrong with one or all since they are beaten down, under loved and set to double as the Fed says "No Mas" to any rate hike this year. With that news "GOLD ROCKETS HIGHER".