OK who has the huevos to step into NUGT

metalmeister · June 17, 2014 11:27AM

With the Bond holders of the Detroit BK getting the Shaft and the real inflation rate 3X the reported number the miners look bargin basement priced.
I'm all in 3x leveraged the miners for now.
GLTA

MGLICKER · June 17, 2014 12:39PM

<< With the Bond holders of the Detroit BK getting the Shaft and the real inflation rate 3X the reported number the miners look bargin basement priced.
I'm all in 3x leveraged the miners for now.
GLTA >>

Not sure how detroit fits in as all we had there was salt mines.

I agree that the inflation rate is well understated but that is not a guuarantee of immediat higher prices on Gold as interest rates may finally rise and make income bearing instruments a bit more attractive.

Amigo · June 17, 2014 4:03PM

Yeah, all the economy needs is for Interest rates to rise to spur the Idiot consumers into spending more while going further into Debt. YeeHaw That'd be great to send the DOW into the 22k range. Great for momentum investors, but bad for this Country.

IMHO, nothing in this Country is working right anymore. Everything is on borrowed time.

rawteam1 · June 17, 2014 9:16PM

Lol what's inflation have to do with gold???
Seems to be a pretty bad premise to "buy" 3x gold miners...

derryb · June 17, 2014 10:21PM

If your analysis is correct, would not UGLD or better yet, USLV be the best play?

cohodk · June 17, 2014 11:22PM

I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.

.

My choice of investment would not be a leveraged etf though.

derryb · June 17, 2014 11:37PM

<< I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.

.

My choice of investment would not be a leveraged etf though. >>

Unfortunately, mining equities will suffer from an overall equity hit. Silver (USLV) tends to outperform gold during price movements in either direction. Leveraged etfs/etns work well for those that correctly choose direction of price movement. Make a wrong choice and equally suffer. Price volatility combined with leverage can work very well or very badly.

roadrunner · June 18, 2014 12:06AM

This is still the weakest season of the year for gold and miners (late May to mid-July). Considering NUGT has already run up 35% since the June low, I'd be uncomfortable loading up the truck right here.
There are back-to-back Options Expiration coming this week and next week for NUGT, GLD, and gold, it might not be the best 2 week window for loading up the bullish boat.

cohodk · June 18, 2014 3:09AM

<< 

<< I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.

.

My choice of investment would not be a leveraged etf though. >>

Unfortunately, mining equities will suffer from an overall equity hit.e. >>

And if there is no equity hit? Mining stocks will outperform.

Justacommeman · June 18, 2014 3:12AM

<< I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.

.

My choice of investment would not be a leveraged etf though. >>

I'm not too proud to ask

M

derryb · June 18, 2014 4:02AM

<< 

<< 

<< I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.

.

My choice of investment would not be a leveraged etf though. >>

Unfortunately, mining equities will suffer from an overall equity hit.e. >>

And if there is no equity hit? Mining stocks will outperform. >>

Absolutely. Given all market conditions one has to consider the odds - choose wisely.

miklia · June 18, 2014 7:57AM

can't make an omelet...

cohodk · June 19, 2014 12:06AM

Your up 15%+. Nice trade.

Since last week the mining index is up almost 7% while gold is up about 2.5%. Miners are kicking the metals' butt. Stupid charts.

derryb · June 19, 2014 1:44AM

<< Your up 15%+. Nice trade.

Since last week the mining index is up almost 7% while gold is up about 2.5%. Miners are kicking the metals' butt. Stupid charts.

>>

didn't they kick metals' butt going down?

fishcooker · June 19, 2014 2:02AM

Woo-hoo! Break even is in sight!

metalmeister · June 19, 2014 2:36AM

I took a postion in NUGT in the 20's about a week ago. Watching like a hawk.
NUGT could double many many times and be nowhere near old high. The miners have been crushed past 2 years.

derryb · June 19, 2014 3:04AM

have raised my stop on USLV three times today in five different accounts. Not that I'm complaining.

Edited 8 July: stops still holding, I'm still holding.

miklia · July 9, 2014 4:54AM

I thought it moronic at the time, but this has been an outstanding call. well done.

OperationButter · July 9, 2014 5:26AM

Like a boss... Posts his trade for all to see and is up 70% in a month. Very happy for you, great trade.

Keep raising those stops, hope you make another 70%

jmski52 · July 9, 2014 1:09PM

Whamo! Nice shot.

metalmeister · July 9, 2014 1:58PM

Holding 30 days now but STILL watching like a hawk.
GLTA

CollectorBob · July 10, 2014 1:03AM

NUGT gapped over $50. This run could have real legs! '15 is when I expect the economy to crater globally.

derryb · July 10, 2014 1:09AM

Might as well join the speculator crowd. Traded a wee bit of USLV for some of that crazy CYNK at 17.50. Been on a tear the last few days, now watch it tank.

cohodk · July 10, 2014 8:02AM

<< Might as well join the speculator crowd. Traded a wee bit of USLV for some of that crazy CYNK at 17.50. Been on a tear the last few days, now watch it tank. >>

That thing went from 10c to $4.25 on 6/17 and $22 three weeks later?!

Good luck derryb. Im not feeling good about that trade though.

roadrunner · July 10, 2014 8:13AM

<< NUGT gapped over $50. This run could have real legs! '15 is when I expect the economy to crater globally. >>

Gapped up again today, and then gave all those gains back today along with all of the NY trading hours gains from yesterday. Impressive volatility, especially to late-comers who jumped on the band wagon yesterday.

I wonder if the Indian govt not backing off on their restrictive gold import quotas today put a pin in the "gold" cushion.

So what are the miners going to do tomorrow? I suspect they might wander inside today's big red candle until gold decides what it wants to do (go higher, stand pat, go lower).

NUGT chart & friends

derryb · July 10, 2014 11:31AM

<< 

<< Might as well join the speculator crowd. Traded a wee bit of USLV for some of that crazy CYNK at 17.50. Been on a tear the last few days, now watch it tank. >>

That thing went from 10c to $4.25 on 6/17 and $22 three weeks later?!

Good luck derryb. Im not feeling good about that trade though. >>

dumped it at 21, too much action for me.

cohodk · July 10, 2014 12:16PM

I think it opens under $10 tomorrow.

jmski52 · July 10, 2014 12:18PM

This is a fun thread!

derryb · July 10, 2014 11:48PM

Good thing I bailed out of CYNK yesterday

cohodk · July 11, 2014 12:25AM

I knew it would happen....sorry jmski1.

Might not ever open.

metalmeister · July 11, 2014 1:12AM

Got out of my NUGT trade yesterday. I was only going to hold for a few days but turned into my 30 day limit for 3x leveraged trades.
Now if I only invested 10x more than I did. Still going to be a Great weekend!

CollectorBob · July 11, 2014 2:14AM

NUGT appears to have closed yesterday's opening gap and wants to run again. Watching...

jmski52 · July 11, 2014 2:17AM

Some day, I too shall have the huevos to step into the stock market.

And I will let you guys know when I do, so that you can get the heck out.

CollectorBob · July 11, 2014 4:54AM

Better to have invested some, than none!

Myself, I'm planning on a longer ride, probably until early Fall, when I'm hoping Fiats around the globe will unravel some.

roadrunner · July 11, 2014 8:53AM

NUGT ran up into yesterday's support level of $50.80 on an approx 62% retrace of Thursday's drop. Wed's opening gap not yet filled either. And a small gap (32c) left behind on today's opening.

Good weekly close too.

CollectorBob · July 28, 2014 5:25AM

NUGT preparing for $50 push again. JNUG outperforming yet again! JNUG's intermediate resistance around $33, if broken, could then test the $40 major resistance.

derryb · August 4, 2014 1:36PM

who's got the huevos to step into a Citibank FX Leverage Loan

" It allows you to borrow up to 5 times your deposit balance to trade in foreign currencies, so you may increase your potential investment power. This unique tool can make it possible to borrow a low-interest foreign currency and re-invest it in a high yielding currency to enjoy the gain in interest differential. Further, you can utilize your magnified investment power to take advantage of foreign exchange fluctuations."

derryb · August 8, 2014 1:30AM

got into some TKMR last week at $13. Up $5 and 28% today alone with the ebola threat, may still be a good entry point for others.

cohodk · August 8, 2014 4:50PM

Ah, the spoils of inflation.

Baley · August 20, 2014 11:56PM

NUGT chart since 2011.. what a disaster

reddwing · August 21, 2014 4:40AM

So, when to pull the trigger to get in? Do I have to wait for gold to hit $1250?

miklia · September 8, 2014 4:26AM

now you can get it at pre-June 17 prices. I'd keep waiting.

reddwing · September 8, 2014 5:51AM

ok u r the boss!

CollectorBob · September 16, 2014 6:11AM

Time to get back into JNUG or NUGT? Will Yellen oblige?

metalmeister · September 19, 2014 9:41AM

I'm back looking at NUGT again. I see we are back down to $27 is where I bot last time. Hmmmmmm
Monday?

Tomohawk · September 19, 2014 10:03AM

Metalmeister...you bought at $27, then sold @ $50 last time, right? In June/July?

renman95 · September 19, 2014 10:58AM

<< Some day, I too shall have the huevos to step into the stock market.

And I will let you guys know when I do, so that you can get the heck out.

>>

Ha, I just read this comrade jmski. Please keep us informed.

metalmeister · September 19, 2014 11:17AM

Yes sir!

reddwing · September 24, 2014 11:11PM

Time to pull that trigger on NUGT! Now trading at 25.80

derryb · September 25, 2014 12:29AM

Go with the VXX

miklia · September 25, 2014 4:51AM

agree with derry. a good chance NUGT gets further hammered over the next 3-6 months as worse-than-expected quarterlies start coming in from the lower prices..

OK who has the huevos to step into NUGT

Comments