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I'm looking for a retest of 16.98 on VXX if it breaks under that cheepies for everyone !!!
Thanks for the heads up.
It's a lot of things.
1. Spot gold vs miners
2. Markets drop gold goes higher fine.
3. USD spikes that crushes equities even future with accelerating force, miners included.
4. If gold drops too that's just icing on the cake.
They can short...it won't affect DUST. Hope they weren't short cause if markets drop hard tonight...miners will get hit the hardest.
Miners popped on Friday because they knew there time was up. IMHO should be a lot of trapped longs by morning.
Dust will be green tomorrow.
Probably going there if they are going to prop the markets with oil. Problem is if oil breakout above that....there will be lots of angry folks who are being given false info...we will see soon.
I'd expect oil to be shorted from here. But we will see.
Right now oil and gold are up. Markets and USDollar are flat.
China does a lot of wrong things they're not going to stop now. Let them prospect...I stay away from anything that says China.
I agree, there's so much fraud....but I wouldn't try robbing these banks.....if I had anything against them personally I'd probably just blow them up, I think that's an equal and equivalent punishment for defrauding billions of dollars.
Gold might be up because of oil but the gap below will likely fill there. Plus it's futures which can be significantly manipulated.
Yeah that meeting is nothing...it's routine.
Gold and miners is in a lose lose situation. The fact that they're going up doesn't change their worth...we see this happen in penny stocks. Pump and dump....when the music stops and like someone said "all is swell til the first drop" then everyone begins to cry fraud, lok
Although from what I'm hearing ECB and BOJ are probably in the position to devalue their currencies which will make the dollar stronger. Also if Fed's continue to raise rates the dollar will get stronger too.
I'm just very curious who is short 1 trillion....is this the smart money...something doesn't sit well with me ...with that story. It's like me stepping into a boxing ring against a champion fighter...and I win. Just that the feeling I get is....the 1 trillion short is not the champion fighter.
It could be worth it at some point...it's the timing IMO, I still believe we retest that 207 this week and make that new high in 2 weeks. Which will hurt shorts...especially in relation to time.
Well I'll watch to see what happens on the 19th.
Lol...yeah I guess you must have girls too.....I'm in for an adventure for sure. I can't complain about the clothes which they're able to share.
Thanks, hi they're 6,5 4 and 5 months and all girls.
Lol....a bull run above 2150 has crossed my mind. I'm telling those voices to be quite for now. I'm noticing lots of things out of sync but something will give very soon. Oil, gold, USD, equities...right now they're all fighting for direction in a tug of war which should be ending in the next few weeks or month, with some clarity. Great points.. Thanks
Here is a nice monthly I found...it's evident how slow these things are in the making looking back at 2008, it was approximately 16 months for that drop....about 64 weeks. So we might be heading towards some significant correction, timing it is extremely important for realizing a profit. Also a shorting vehicle that doesn't decay would be the best. Trying to find something that would be best if I chose to hold and not trade a drop.
https://pbs.twimg.com/media/CfnSbpOUAAAgIMA?format=pjpg&name=large
Here look at this chart....someone commented on the 50dma crossing above the 200dma. Last time it dropped 50 crossed to 200 slightly, seems that same of similar pattern is about to repeat.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&b=5&g=0&id=p79091004182
Weekly held at the 50dma (SPX), and every time it hit that buyers came in. Also the daily closed green. So very possible we test or even break above 2075.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&b=5&g=0&id=p71298141112
Congrats I got 2.57 dust shares let's shake that GDX tree.
Thanks...I know sune has the ability for multi baggers not sure I could handle the stress though, lol. GL hope that goes to dollar land, I've seen it so many times.
Might take another glance at sune Monday.
Hey mono nice call a month back on that 210...it's become pretty obvious now that 210 has been the target. Hopefully Friday we are there.
More like smash time!
It's to bad everyone invested in miners is going to lose their money soon.
Some of those thoughts are what I was thinking....this meeting must mean they raise rates....Yellen said economy is solid there is no bubble. I think the bubble is in the equities market that have gone straight up since 2007/08 with a little dip in 2011. Seems this meeting is not yellens doing either..so it must mean they are going to discus how much they will raise etc.
That's my point...there is no reason...except that they need it there while transferring money from one location to another.....it has so little to do with gold which if you say this to a gold bug your opinion is worthless. I'm sure there are cycles, ups and downs, but gold was fine at $600, and the world was doing fine back then as well. In the market there's always a bubble and always a beat down sector. It's called greed, it's greed driving gold up and greed will drive it down. It dropped from $1500's 1600's? While all the fanatics (paid talking heads) were saying it's going to $5000....lol...more like $1000.
For one options expiry.
Not a chance, round trip next week. Back to 2075 or higher.
Talking heads are being paid buy funds so you need to read between the lines, in to their pockets that is. Funds money came in at 12-15, they're probably done distribution, which explains GDX up while gold is down.
http://stockcharts.com/h-sc/ui?s=GDX&p=D&b=5&g=0&id=p99138960895
Well looking at the gold chart I wouldn't be surprised at all to see gold pull down below 1200 probably as soon as next week. It's tested 1270-1280 so many times seems it's capped from above.
Meant to say sune-side up. Lol
Not sure what's going to happen...maybe cut rates...or more QE? That would send dust to $6 in a day.