Gold look shaky, think maay correct further.
Now gold stop dropping. Good news for this counter. The fed official speech remains dovish. Yellen inner circle
Gold will be in demand if north Korea conduct further nucluer test.
Where is Got... Faster come...!! _/|\_
when majority expect something.....BB might surprise u with the opposite......history had shown a lot of example......BB control the market....not retailer which consider majority.......
Mkt may surprise you the more you want it to fall . If Dow turn positive tonight then thing may not be that bad . Let's keep our fingers crossed
not game over...
if hike confirm it is chance to buy low ...
We know this counter will sure drop on tues..
Its a matter of by how much.
If it didnt open gap down..maybe can short this..as there is still meat..
If we reference to most bigger name gold related counter like barrick, newmont - they all drop by 4 to 6% on friday alone.
Once 50c breach , it will turn bearish and likely appraches towards 45c level..
Once interest rate confirm hike..then gameover la..
There is no guarantee that this is effective way to hedge. This etf is fast moving and if it goes against u , then u r gone since this is 3x effect.
Fair value is 0.40 so will not drop below 0.40 even though gold price drop below 1100 to 1200. I would recommend to buy DUST to hedge against gold price drop.
Fair value is 0.40 so will not drop below 0.40 even though gold price drop below 1100 to 1200. I would recommend to buy DUST to hedge against gold price drop.
We know this counter will sure drop on tues..
Its a matter of by how much.
If it didnt open gap down..maybe can short this..as there is still meat..
If we reference to most bigger name gold related counter like barrick, newmont - they all drop by 4 to 6% on friday alone.
Once 50c breach , it will turn bearish and likely appraches towards 45c level..
Once interest rate confirm hike..then gameover la..
base on the chart. it is really risky next week,,
if the counter start to fall...45c is potential support....
open the chart u will see...
Wind22 don't come & kong jiao wei la. weekend eat shit issit? Cunning guy.
Wind22 don't come & kong jiao wei la. weekend eat shit issit? Cunning guy.
It would be good if cnmc can correct or get shorted to 0.45c..
Now its way way overpriced..
gold price is just free falling...
So tuesday cnmc will be in danger of dropping below 50c..
It' s good for the US market to correct as they have been overheating recently. The shortist has been waiting for this day since Brexit.. Hope the funds will flow into Asia markets.
Yes, spare us the pain on Monday. But if talk is perceived to be negative, tue will be a scary day to our market.
Therefore we r lucky? Due to Haji we avoided bloody Monday n buy some time to see US Monday result n fed last speaker before deciding next move? 🙂 Heng arh.... Lol!! Happy Haji guys n ladies... 🙂
