It all looks bullish to me at the moment but after getting a recommendation to go short tonight (put option) I thought that Murphy's Law might show a change after tonight's session just at the start of the weekend. The person that gave me the recommendation was someone that I purchased an options course from.Good evening DaveTrade
Just sitting back watching the footy, Sea Eagles v Broncos. 50 077 people packed into Suncorp Stadium, great stuff. Sport is alive and well in Queensland.
If something is going to happen it will be on the weekend - Murphy's Law ...and cannot do a thing about it ... ):
Luv to know why your mate is suggesting that GDX could pull back to $30, of course anything is possible, who would know for sure... but, rcw1 don't think so, cannot foresee that happening anytime soon, Crystal Ball methodologies cloudy but positive ...
Have a very nice weekend.
Kind regards
rcw1
wow ! that is a BIG BAG of popcorn to do that to your thighsToo busy with the popcorn. ?
Investors are likely to favor gold and technology stocks as those bets are expected to provide a buffer against the possibility of a US recession this year, according to strategists at JPMorgan Chase & Co.
The trade defined as “long duration” is expressed by being overweight on gold, growth stocks such as technology companies and currencies (short USD), strategists including Nikolaos Panigirtzoglou and Mika Inkinen wrote in a note, adding the bet is far from crowded in rates due to the highly inverted yield curve.
Agree @noirua as likewise, am very bullish on GoldView attachment 156797
Live gold price - http://www.kitconet.com/images/sp_en_8.gif
My guess is for US$2,300 by the end of July.
View attachment 156797
Live gold price - http://www.kitconet.com/images/sp_en_8.gif
My guess is for US$2,300 by the end of July.
My dart throw:
US $2700 by 24 December.
AUD $3990.
VEF $6,777,854,439.
$6,777,854,439
Could get there sooner if the debt ceiling debate drags on like it did in 2011. The US could start defaulting on its debt as early as June 1.My dart throw:
US $2700 by 24 December.
AUD $3990.
VEF $6,777,854,439.
Gold could be on the verge of a history-making breakout. Head of Commodity Strategy at Saxo Bank – Ole Hansen – sees gold potentially pushing past US$3,000/oz before the end of the year.Could get there sooner if the debt ceiling debate drags on like it did in 2011. The US could start defaulting on its debt as early as June 1.
So far the republicans and the Democrats can't agree on spending cuts to support lifting their debt ceiling. the Democrats and the Republicans are playing a game of chicken to so see who blinks first.
Assuming there is a historic default in America, then all bets are off where Gold prices go View attachment 156811
Good evening TelameloGold could be on the verge of a history-making breakout. Head of Commodity Strategy at Saxo Bank – Ole Hansen – sees gold potentially pushing past US$3,000/oz before the end of the year.
A credit crunch could be brewing in the US, there are around US$9 trillion of uninsured deposits - and almost half of 4,800 US banks have burned through their capital buffer and are running on negative equity.
Meanwhile, M&A activity is starting to become more prevalent in the market, as larger miners and developers seek to consolidate potentially undervalued gold projects.
Gold verging on a breakout to all time highs as portfolios seek shelter - News
Gold is continuing to trade above US$2,000/oz amid a looming credit crunch that is brewing in the US. Almost half of 4,800 US banks have burned through their capital buffer and are running on negative equity - while there are around US$9 trillion of uninsured deposits.reachmarkets.com.au
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