Well, BREXIT will definitely be the one thing everybody will talk about.
Will Britain leave or not??? That is the question.
Now, based upon that nightmare, Gold will definitely be a momentum play early this week but even if actual scores would lead you to think Britain will exit, my guess is that this will not happen.
IF that does not happen, gold will get back to actual value and even a bit lower and stocks will NOT get a lot higher. Stocks have already taken into account the possibility and it could be more of a buy the rumor and then sell the news.
IF that does happen, stock will decline massively for 1 or 2 days then will recover.
So my play is early Monday buy gold and play on uncertainty only to sell either at 10% gain in a couple of days or late Wednesday.
I will also make sure i have plenty of cash ready just in case this vote is a yes and then take the opportunity to do some bottom fishing on stocks like DAN, LVS and MPEL (highly volatile in those circonstances)
So get ready for a week full of interesting happenings.
Have fun
Will Britain leave or not??? That is the question.
Now, based upon that nightmare, Gold will definitely be a momentum play early this week but even if actual scores would lead you to think Britain will exit, my guess is that this will not happen.
IF that does not happen, gold will get back to actual value and even a bit lower and stocks will NOT get a lot higher. Stocks have already taken into account the possibility and it could be more of a buy the rumor and then sell the news.
IF that does happen, stock will decline massively for 1 or 2 days then will recover.
So my play is early Monday buy gold and play on uncertainty only to sell either at 10% gain in a couple of days or late Wednesday.
I will also make sure i have plenty of cash ready just in case this vote is a yes and then take the opportunity to do some bottom fishing on stocks like DAN, LVS and MPEL (highly volatile in those circonstances)
So get ready for a week full of interesting happenings.
Have fun
Aucun commentaire:
Publier un commentaire