Most of Asia was down last night (with the exception of China which is an entirely different [manipulative] issue). Europe didn't look shit-hot green to me either. As far as I can tell this is typical "punish the bears"/"prop up the markets at all expense" type stuff.
Sorry guys, got slammed last night and took the day off. But I'm back and ready for the overnight ramp. Got some making up to do.
Buying more NUGT tomorrow if it drops, gold down 10 days in a row, it fell 13 days in a row in 1996, so it looks like at least a 2-3% bounce is coming....
VIX has been acting extremely strange. ...i trade XIV and with the dow off over 200 points last 2 days xiv has actually moved up.....
Agree, I'm not understanding the California gas prices, I paid about $3.00 today, other places as high as 3.50, oil is back below 50 and prices barely moving at the pumps, if oil gets down to 2015 lows gas should be at least 10-20% cheaper..... My question is when are all those companies that raised prices of goods and services especially food prices going to drop their prices, or do they keep those inflated prices where they are as oil plummets....hmm mm Always quick to raise them but never ever ever ever quick to drop them...
Never - and you know already know this. This is part of the game: a continual ratcheting of goods and services regardless of what underlying commodities are doing and everyone gets the reward of having to pay it. They've done this year after year. Quite frankly I was blown away at the low California gas prices back in Dec/Jan because that usually never happens.
The real question is, how quickly can we start an independent gas station in CA?! Sounds like some nice profit margins sheesh