Because Pres. Obama hates oil. Think of it this way, the Republicans are taking office right at the wrong time. They will take the blame when the economy falls off a cliff. 90% of good paying job growth was due to oil and now this is changing fast. Look for the Republicans to be left holding the bag
I read yesterday where they said the big short players would cover before the vote in Switzerland even though they don't expect it to pass. Should pop tomorrow too if this is the case. Seems to be a change of psychology concerning gold. Maybe the big boys have loaded for a nice run up from here?
All the posts said this was going down. All the analysts have a sell rating and price target way below 9.00. Even Cramer has a sell. I don't understand what's happening. I'll be getting a margin call if this continues higher. What to do?
LOL this call was in September when Blackberry was 10.03. Now it's 10.50. I'm no expert but not a good call so far
Looks like we will test the 52 week low tomorrow or next week. If doesn't hold, we could see single digits. They should upgrade the lawsuit to a criminal case against the CEO.