Today being Wednesday means that the odds of the high for the week happening today are only 7%, so that tells us that there’s a 93% chance of a higher high Thursday or Friday. If you are a bear you need to know that today isn’t likely the best day to short… besides daytraders of course.
@ the games ago of Trick, Flip Flop, Confuse people!
Yesterday a Fed Official came out & says September is correct to start interest rate increase!
Then today another comes out saying, maybe not…need more data to consider when to!
FYI..I’ve read a few months ago that Gold in parts of Europe is starting to be NOT sold, only purchased in at retailer dealers!
ALSO, read the Scare Tactic type of article that Gold might be outlawed & confiscated…
ALL very interesting!!!!!!!
Don’t know? Maybe they just didn’t want it in the hands of another companies vault like the Comex and wanted it safe in their own vault somewhere?
I’m sure they know that at some point in the near future gold will bottom and make a huge move up, which could force a run on gold to be physically delivered and Comex probably doesn’t have all the gold needed to meet that demand.
That would imply a drop in the SPX then… correct?
I also had a FP on $BPSPX down to 40 yesterday and its not there today. I didn’t get the screen shot though. Something is breaking down somewhere.
I’m now told that was a real print and not a fake one.
That’s one heck of a reversal candlestick which would indicate downside for market coming soon.
New VIX FP of 10.88 http://screencast.com/t/KFox0ZvvE
Today being Wednesday means that the odds of the high for the week happening today are only 7%, so that tells us that there’s a 93% chance of a higher high Thursday or Friday. If you are a bear you need to know that today isn’t likely the best day to short… besides daytraders of course.
Short term charts were oversold and I’m sure they used that good news to spark the rally this morning.
@ the games ago of Trick, Flip Flop, Confuse people!
Yesterday a Fed Official came out & says September is correct to start interest rate increase!
Then today another comes out saying, maybe not…need more data to consider when to!
Thanks,
That makes sense!
FYI..I’ve read a few months ago that Gold in parts of Europe is starting to be NOT sold, only purchased in at retailer dealers!
ALSO, read the Scare Tactic type of article that Gold might be outlawed & confiscated…
ALL very interesting!!!!!!!
Don’t know? Maybe they just didn’t want it in the hands of another companies vault like the Comex and wanted it safe in their own vault somewhere?
I’m sure they know that at some point in the near future gold will bottom and make a huge move up, which could force a run on gold to be physically delivered and Comex probably doesn’t have all the gold needed to meet that demand.