Don’t panic yet. The folks at CNN Money need to get out of the market first.
i’m expecting gold to pop in the early hours and then tank when the US market opens as the fed dumps its gold contracts for a loss (they’ve been doing this for 4+ years... easy when you print the money)
Frankly, I couldn’t really care less.
We as a nation deserve judgment.
I pray God preserves His remnant, but the way America has embraced the stealing of private property, the murder of the unborn, and the perversion of God’s plan for family, it seems to me every day we aren’t blasted with fire and brimstone is stunning to me.
My own sin deserves punishment; I pray for His forgiveness daily, too...I wish my nation as a whole would do the same.
SP Futures traded for about 45 mins on Friday and in that time fell 20 points (actually 19.75 SP points) which we equate to roughly -140 to -200 DJIA points figuring on 7-10 DJ points per SP point.
That said, the ES/SP is sitting at 2039.75 3 pm CA time (down its 19.75 from Friday’s open) and I would bet you one sugar covered donut that the first thing you will see upon their reopen in one minute from the time of this post is minimally a 6+ point positive ramp.