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Dow Jones Tanking

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    #1

    Dow Jones Tanking

    Off nearly 1000 points on the day. Looks like fed rate cut not cutting it. Gold hitting all time highs in over 70 currencies including the Cad. With the Gold Sentiment index over 90 after a massive run and gold nearing 1500usd an ounce we might see a short term pull back.
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    #2
    Fasten your seat belt, Chairman Xi is planning to run the Chinese economy into the ground which is bearish for commodities. The gold bounce is due to yuan buying gold. On the American side this is a chance to lift shorts in the US market and buy the dip. The savvy investors know that China is irrelevant to the US except for a few companies. Companies that sell primarily in the US market will not be affected. With all the US dollars trying to emerge from emerging markets and head back to the US, watch for a melt up in US equities. I have a short position to lift now.

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