Don't know too much about it. I'm steering clear of spec stocks in the current market, but if you want an emotional roller coaster ride then it may be worth looking into.
PMs went up with low interest rates and QE, watch that come out of the bag of tricks much faster this time. Plus the amount of money in China that can go intuitive PMs today is much bigger even after housing and credit bubbles pop. There's more money all over the place than 08 and when it really happens fewer people will be interested in T bills, that doesn't leave many options.
Some people know they can't predict the future of the markets with any accuracy. Others kid themselves.
At this stage we're just retesting the resistance of Sept/Oct lows, and weeding out the weaker shorts. My short is still in the money, 2/3 up days after multiple down days is extremely common. Only a close higher than 1955 on the SPX will consider me out. US Dollar appears to be firing up nicely as expected.
Reversal. U.S. market erasing all gains from the previous trading day. Oil mostly doing the same, dropping approx 7%
It's looking pretty ominous. To the point where we really need some good news from the Fed this week to hold back another sell off.
This is where I believe China is heading very soon... Give or take a little bit - I would be happy with 1500
Depending on what happens next, I may have to revise my previous silver/US Dollar prediction. US Dollar looking less bullish & silver could be due for a 4th wave up.
sell US treasuries and buy gold and ship it to China USD is strong and good priced gold is still cheap China needs more gold.
