OK who has the huevos to step into NUGT
metalmeister
Posts: 4,586 ✭✭✭✭✭
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
I'm all in 3x leveraged the miners for now.
GLTA
email: ccacollectibles@yahoo.com
100% Positive BST transactions
100% Positive BST transactions
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Comments
<< <i>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.
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.
Seems to be a pretty bad premise to "buy" 3x gold miners...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
My choice of investment would not be a leveraged etf though.
Knowledge is the enemy of fear
<< <i>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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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.
<< <i>
<< <i>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.
Knowledge is the enemy of fear
<< <i>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
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>
<< <i>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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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.
Knowledge is the enemy of fear
<< <i>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?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
NUGT could double many many times and be nowhere near old high. The miners have been crushed past 2 years.
100% Positive BST transactions
Edited 8 July: stops still holding, I'm still holding.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Keep raising those stops, hope you make another 70%
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I knew it would happen.
GLTA
100% Positive BST transactions
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>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.
Knowledge is the enemy of fear
<< <i>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
<< <i>
<< <i>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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Might not ever open.
Knowledge is the enemy of fear
Now if I only invested 10x more than I did. Still going to be a Great weekend!
100% Positive BST transactions
And I will let you guys know when I do, so that you can get the heck out.
I knew it would happen.
Myself, I'm planning on a longer ride, probably until early Fall, when I'm hoping Fiats around the globe will unravel some.
Good weekly close too.
" 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."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
Monday?
100% Positive BST transactions
<< <i>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.
100% Positive BST transactions
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey