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OK who has the huevos to step into NUGT

metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
in Precious Metals
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
email: ccacollectibles@yahoo.com

100% Positive BST transactions
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Comments

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <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.
  • AmigoAmigo Posts: 966 ✭

    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.
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    Lol what's inflation have to do with gold???
    Seems to be a pretty bad premise to "buy" 3x gold miners...
    keceph `anah
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    If your analysis is correct, would not UGLD or better yet, USLV be the best play?

    "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

  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭
    I think someone here posted a chart of gold vs the miners and concluded that mining stocks would probably outperform metals.image.

    My choice of investment would not be a leveraged etf though.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭


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

    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

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    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.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭


    << <i>

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

    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.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


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

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



    I'm not too proud to askimage

    M
    Walker Proof Digital Album
    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......
  • derrybderryb Posts: 36,823 ✭✭✭✭✭


    << <i>

    << <i>

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

    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

  • mikliamiklia Posts: 1,295 ✭✭✭
    can't make an omelet...
  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭
    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. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭


    << <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. image >>


    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

  • fishcookerfishcooker Posts: 3,446 ✭✭
    Woo-hoo! Break even is in sight! image
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    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.
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    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.

    "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

  • mikliamiklia Posts: 1,295 ✭✭✭
    I thought it moronic at the time, but this has been an outstanding call. well done.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    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% image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    Whamo! Nice shot.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    Holding 30 days now but STILL watching like a hawk.
    GLTAimage
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • CollectorBobCollectorBob Posts: 418 ✭✭
    NUGT gapped over $50. This run could have real legs! '15 is when I expect the economy to crater globally.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    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.

    "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

  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭


    << <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.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <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


    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,823 ✭✭✭✭✭


    << <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

  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭
    I think it opens under $10 tomorrow.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    This is a fun thread!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Good thing I bailed out of CYNK yesterday image

    "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

  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭
    I knew it would happen....sorry jmski1.image

    Might not ever open.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    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!image
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • CollectorBobCollectorBob Posts: 418 ✭✭
    NUGT appears to have closed yesterday's opening gap and wants to run again. Watching...
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    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.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CollectorBobCollectorBob Posts: 418 ✭✭
    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.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    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.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • CollectorBobCollectorBob Posts: 418 ✭✭
    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.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    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."

    "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

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    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.

    "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

  • cohodkcohodk Posts: 19,128 ✭✭✭✭✭
    Ah, the spoils of inflation. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    NUGT chart since 2011.. what a disaster

    Liberty: Parent of Science & Industry

  • reddwingreddwing Posts: 137 ✭✭
    So, when to pull the trigger to get in? Do I have to wait for gold to hit $1250?
  • mikliamiklia Posts: 1,295 ✭✭✭
    now you can get it at pre-June 17 prices. I'd keep waiting.
  • reddwingreddwing Posts: 137 ✭✭
    ok u r the boss!
  • CollectorBobCollectorBob Posts: 418 ✭✭
    Time to get back into JNUG or NUGT? Will Yellen oblige?
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    I'm back looking at NUGT again. I see we are back down to $27 is where I bot last time. Hmmmmmm
    Monday?
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • TomohawkTomohawk Posts: 667 ✭✭
    Metalmeister...you bought at $27, then sold @ $50 last time, right? In June/July?
    ASE Addict...but oh so poor!
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <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.image >>



    Ha, I just read this comrade jmski. Please keep us informed. image
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    Yes sir!
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • reddwingreddwing Posts: 137 ✭✭
    Time to pull that trigger on NUGT! Now trading at 25.80
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Go with the VXX

    "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

  • mikliamiklia Posts: 1,295 ✭✭✭
    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..
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