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The bull is going to be mauled so badly by the bear that it won’t be able to get off it’s butt for a few years :))
How low do you think Silver bullion will go before bottoming?.
I really have no idea. Silver is extremely volatile.
Gary, what do you think will happen to the US dollar during this time?
I think the dollar is only half way through its bull market and will eventually reach 118-120.
So, in other words, GDX can go as low as $5 a share, right?
I’m thinking HUI at 50 is an outside possiblity.
I think you are wrong Gary.
HUI will bottom way before Gold and Silver do and most likely already has.
We will see if 16.45 holds.
The HUI should bounce at this support to draw in some more longs but it’s unlikely support will hold as the ICL still has 5-10 weeks yet before it is due to bottom.
on GDX
I think 16.40 or lower on GDX is almost a certainty. Very hard to get excited by an ETF that is yielding a whopping 0.61%
I would buy GDX in the single digits. I remember Starbucks went sub $10 during the financial crisis. That was a good opportunity to get in.
A lot of hedge funds lost money this year. I feel much better now. 🙂
http://nypost.com/2015/07/01/losses-across-the-board-for-major-hedge-funds/
The SMT is looking pretty good up over 5%.
Gold is becoming less loved every day. A nuclear strike by a war mongering nation might give it a bit of a pop. Does anyone know what nation might be classed as being ‘war mongering’?
America is usually the initiator of War. That being said, it is common knowledge that America is most vulnerable at the end of a Democratic administration. I wouldn’t be surprised to see another major terrorist attack in the U.S soon. If Greece burns down it might cause some war in the EU. Other than these two possibilities, I do not foresee any war possibility in the near future.
everybody want to buy at zero.
or biotech at 400 dollars.
strange world of IDIOTS and MUPPETS
My hope for Monday is this: A default in Greece with U.S. markets down 5%.
Happy Independence Day weekend to all and the best to all of you.
As long as you can make a few dollars, forget the millions of Greeks whose lives are ruined for years. You selfish Ahole. It’s people like YOU that give Americans a bad name
Hey Stevo:
Who said I was American? A Greek default is the best result for them. Free and natural markets are best 😉 Cheers to you, you are forgiven.
check this chart out … interesting.
https://pbs.twimg.com/media/CI6BywwUcAE79-V.png:large
Yepp Crawford, as I have stated several times on this forum the S&P500 overhead resistance at 2130ish has never been broken if you adjust the chart for cpi/qe/inflation. If you look at the chart in real values, all three tops align at the same level. We need a trigger though, why not a vote for NAI in Greece 🙂 yes with a tragic 58% youth unemployment rate, they need something new. No more debt from the troika-debt-enslaving-hydra. European banks wants to wash their dirty laundry through the greek and european people.
The same shit is going to hit the fan here in Sweden and the US also, give it 5-10years imho.