Loading ...We rally need a close tomorrow above $1300. to give JNUG a good shot upwards. Gold should go to about $1360. If that happens.
rno
And the costs will not be born by Mexico or by the importers as they will simply raise their prices to the American consumer. Doing this makes Trump look good but I see it as all theater…a great attempt at seduction. If he wanted to prevent illegals from entering the southern border all he has to do is close the border, keeping just one or two ports of entry open but well guarded.
creeping up as asia opens this (u.s.) evening.
Going it alone as usual with some smart people with him luckily just announced he’s gonna put a 5 % Tariff on imports from Mexico that will gradually increase until the flow of illegal immigrants stop.
No manipulation right!? I’d say get out of these rip offs if you can.
https://marketchameleon.com/PressReleases/i/821471/JNUG/direxion-announces-reverse-splits-of-eight-etfs
As far as tomorrow goes … it’s hard to be hopeful.
Well life ain’t too bad, just enjoying a glass of good red and listening to Van Morrison and John Lee Hooker singing the Healing Game and have got tickets to see Van the Man on July 6 …plus Nem is is up …
Cheers
Reverse split. Seriously. I think you could probably put permanent shorts on the 3 x’s ETF’s and do just fine whether long or short.
JUNG will drop 20% immediately after the split.
Aufever – Yes. Great point. Amazing how Lincoln is one of our most celebrated Presidents, the guy should be reviled. Andrew Jackson was one of our greatest Presidents and as time has worn on I’ve come to have a lot of respect for John F. Kennedy. I have no doubt the bankers killed him.
Moggy – by design? Yes, quite possible.
Maddog – I certainly like Trump the man, but I don’t like the people he’s surrounded himself with. Most of them swamp creatures through and through. Bolton, Gary Cohn, etc. I’m not a fan of Pence either. You’re right, we don’t get a choice of much else. Geez, Hildabeast or Creepy Joe Biden or Bernie.
Amazing to me how Tulsi Gabbard gets no support from the demonrats.
JNUG broke out above some moving averages, so far. Really need a close above $7.00 for confirmation.
I just read about the reverse split. The stock price seems to be in an area of price stability. I don’t understand their reasoning.
rno
1913.
Or 1865 — Lincoln’s war consolidated and strengthened federal power. He also issued the first executive order. Other nefarious things regarding government were done around that same time.
The Donald is close to a great/perfect President, but in comparison to what else is on offer, he is truly great….u should see the dross we have in the UK now.
Maggie was great, but I really wonder whether we will see another in my life time, like her…..or yr Ronnie.
They have done reverse splits time and time again .
If one holds JNUG shares , make sure that the number of shares held is divisible by five .
I’ve been caught in the past with holdings which were not exactly divisible by the ratio of the reverse split . The fractional fragments remaining are virtually useless .
America stopped depending on British manufactured goods , and I am sure the first domestic goods were crude in comparison , but American ingenuity eventually created excellent quality and a strong economy .
The globalists now want to topple our economy ( and Constitutionally mandated freedoms for the individual ) because of the success of bygone eras when America was , in large measure , a sovereign nation .
Innovation requires an environment of freedom of thought , difficult to achieve in the socialist/Communist conformist system . That is why China is so dependent on stolen intellectual property .
NEW YORK, May 24, 2019 /PRNewswire/ — Direxion has announced it will execute a 1 for 5 reverse split of the issued and outstanding shares of the Direxion Daily Junior Gold Miners Index Bull 3X Shares [JNUG},
After the close of the markets on June 27, 2019, the Funds will affect reverse splits of their issued and outstanding shares as follows:
@(Maya) 19:53
(Mr.Copper) Jun 18, 22:31
Re Your…”It’s that 70s show all over again… inflation!”
I just sat down here and caught that note. I used to think the same thing at the beginning of this pm bull market, but after putting more thought into it, I feel it’s much different.
Basically, in the 1970s USA had too much work and not enough people to do it. Plenty of overtime too.
Between making our own TV’s clothes cars etc, and all the Vietnam stuff, moon landing plus a smaller percentage of women in the work force, you could quit your job and get another within 20 minutes at higher pay.
The excessive fiat was buying stuff, and driving prices. They needed a high interest rate to force people to stop spending, and park it in the bank at 18% with a CD.
The master planners (stubborn lazy minded idiots) are now forcing people to take money OUT of the bank, and SPEND it. (ie zero rates).
“If you have no money in the bank? BORROW some please, and spend it. We don’t even care if you don’t pay it back! Do your civic duty. Come to our rescue.” 🙂
The situation they have now is “unique” to say the least. Too many people and no excessive amount of work due to modern manufacturing methods, spouses in workforce, and products being imported.
I think its more like 29′, and it may be US only, not the whole planet.
However, I’ll exaggerate to make a point. If the dollar index crashed to zero against ALL other currencies, and dollars would only be acceptable domestically ONLY? (blocking all imports)
Then the world would have depression, and WE would be booming. 🙂
I’m very positive on Gold though, and I DON’T think it needs “inflation”. I think it’s under-priced, and will just gain popularity as a store of wealth.
People will wake up some day, and realize that real estate, with its lack of privacy, and taxes EVERY year, is a poor store of wealth.
When you own property? You may as well give your credit card to the local yokel tax office. You don’t own that property. They will let you work on the place and make improvements, and tax you more.
Gold is where its at, the end game, or why would THEY be hoarding it?
Today Comment:
The USA did crash in ’08 and took all the other nations down with us, like 1929. After the ’08 crash TPTB stimulated even more with bailouts and QE 1 and QE 2 etc. The way I see it they concentrated on propping up the USA first, until around 2013-14 along with Gold peaking around $1700. At that point, whoever “they” are, decided to RAISE the dollar (drop gold) and rotate help back to the other nations they call the global economy.
Time to get some JNUG, for longer term, got some @ 6.35.
Several French journalists summoned by Macron’s security services, ‘warned’ about prison sentences
https://www.rt.com/news/460603-journalist-protects-sources-benalla-dgsi/
If that dude was my brother I sure wouldn’t let him be alone with my kids!
Wait til the newsies film him copping a feel off some 12 yo girl. That’ll be the end of his campaign.
Malaysia’s Mahathir proposes common East Asia currency pegged to gold
https://mobile.reuters.com/article/amp/idUSKCN1T00FX?__twitter_impression=true
By design?
