Hey rawiron1, I remember seeing you around here when trading Nugt 15-20 dollar range pre-split
100 bucks is only 10 bucks post split, what a perspective
the more I read, the more I think 100 bucks is not all that crazy
a few recently published bites
"tight" Fed and the ultra loose ECB and BOJ is starting to reach extreme levels, and will likely continue until the basis blows out to its theoretical limit of -50bps as set by the Fed-ECB swap line.
At that point either the Fed will be forced to admit it was beaten by the market, and either cut rates (to negative) while perhaps unleashing even more QE to offset the monetary imbalance with the rest of the world"
bottom line, strong dollar causing global economic turmoil, Fed needs to bring it down, things move to NIRP, asset class shift into gold
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