so now the question is when do we take out $1,450 an ounce? Late May or June when Fed "punts" on June Rate Hike???? Gold now has the "GREEN LIGHT" to Ramp Way, Way Higher.
this month. Do your home work then buy KGC now while its still cheap. Its going to ramp way, way higher as gold continues to climb well into 2016.
Not to late to buy in next week since Yellen can't jack rates for another 4, 5 months while China, Europe and Middle East all go down the drain. Gold now a buy and hold for the Long Term.
kind of like being inches away from Yellen's face and wishing you were some where else.
Upside to oil has petered out now we retrench as all of OPEC increases oil production while China, Europe and possibly U.S. economies start to falter. More oil but less usage - not good at all if your long oil short term or long term.
Then of course I could throw in Boston Beer which is down $20 plus but why add salt to a deep bull wound?
So I suggest you buy "YANG" while its still cheap since everyone knows China plays with numbers as it get closer to Bubble Bursting time.
The global forecast for the Asian markets suggests continued consolidation thanks to profit taking and disappointing earnings news. The European markets were mixed but little changed and the U.S. bourses were in the red - and the Asian markets figure to follow that lead.
and hello 17,000 as Fed moves closer to rate hike disaster in next month as either Crooked Hillary or Crazy Donald get ready to move into White House. Talk about a "broken family" - I mean broken bull.
I think your timing is right on Yang. Just went through a reverse split and as we all know China can't keep its "fake" economy running much longer on smoke and mirrors.
On my shift? Well its either due to the market being freaked out about either Crooked Hillary or Crazy Donald being the Prez or a Yellen sneak surprise come May since everyone thinks the rate hike is coming in June.
Wait for mass riots come early May
European Commission, which is basically Germany. Its objective is: 1) not writing down Greece's debt, 2) keeping the surplus Greece is supposed to engineer as large as possible, and 3) keeping any cuts from harming the most vulnerable. In their view, they've already done a lot to reduce Greece's debt burden — which is what matters more than the debt level — by refinancing it at rock-bottom rates and giving Athens decades rather than years to pay it all back. Going further by reducing the face value of the debt would, they say, be too much. Their voters would revolt. The same would supposedly happen if Greece was allowed to run a smaller surplus. That would lay bare the fantasy that it would ever pay back what it owes. But, at the same time, Germany doesn't have a big problem with Greece doing austerity the way it likes as long as it's the amount of austerity it's told to do.
Hey you got to keep up with the Joneses (as in Iran) which is pump full out 24/7.
so make your move and go long Dwti or kick yourself 30 days from now when it trading way past $200 a share.
Meeting was postponed after OPEC’s de facto leader Saudi Arabia told participants it wanted all OPEC members to take part in the freeze, according to OPEC sources, or the Kingdom would walk away from the table. So now Iran says we won't cut production while Saudi says "We might increase production". Talk about a Massive Train Wreck coming tomorrow.
No big - its temporary since Kuwait needs oil money to keep flowing and what ever short term set back there is Iran will make up easily since Opec will let Iran increase oil production FOREVER. Kuwait ends in a day or two while Iran, Iraq, and other pump full out.
A new draft of a deal to freeze oil output that is to be agreed later on Sunday in Doha has a line saying all OPEC members should be part of the agreement, industry sources said. The change appears to be a major obstacle for clinching a binding deal, given that OPEC member Iran had decided not to send representatives to the meeting. REUTERS
Jopar - google it. Russian Oil minister said "Nothing will be enforced and we just sit around all day drinking Russian Vodka knowing Oil heads back to low $30's next week". Its there to read for the masses.