Went back to check HUI from the 2000 bottom. It went up 600% in the next 20 months. Gold was up 54%.
Take a peak at the NUGT five year chart.
Are we charting real miner's performance or decay in derivative's contracts? These are 2 different things.
NUGT chart has a 1-500 split built into it to account for the massive 5 year contract decay. The vast majority of the 5 year decline was due to derivative's decay. GDX is currently about 1/4 of it's 2011 peak. NUGT is at 1/386th of the 2011 peak (split adjusted). If NUGT was derived w/o any decay, it should have dropped to 1/50th of its 2011 peak. So we get approx 7/8th of the 5 year decline from decay and 1/8th from the actual decline in GDX. Hence, NUGT is a charting of compounding decay (88%). NUGT decay for the past 53 months resembles a "radioactive" isotope with a half life of approx 6 months.
For a technically worse decay, look at DUST. You would think DUST would be profitable with GDX down 40% the past 2-1/2 years since DUST's inception. Yet DUST is down 94% where in theory, w/o decay, it should be up 2.5X. It's down to approx 1/16th (16X)- or a total decline factor of 40X due to decay. One could say its performance is 39/40ths decay and 1/40th due to GDX decline. Overall, about 5X higher decay ratio than NUGT where NUGT did that over 53 months and DUST only needed 31 months.
"data as of 02/12/2016 09:30" - looks like Friday morning data before the last move up. Hoping it drops some more between now and my IRA acct. trade settlement date of 2/18. Dare not buy anything with unsettled IRA funds, could really get caught holding the bag.
"data as of 02/12/2016 09:30" - looks like Friday morning data before the last move up. Hoping it drops some more between now and my IRA acct. trade settlement date of 2/18. Dare not buy anything with unsettled IRA funds, could really get caught holding the bag.
Looks like you're getting your wish.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
Will they be able to hold against the metals weakness?
Give Me Liberty or Give Me Debt
my huevos are quite happy with NUGT past three day performance.
LoL, and I'm real happy with my FCX (Freeport-McMoRan Inc) performance today.
Unfortunately, I've held a position 15+ years, and am not smart enough to today imply I bought yesterday.
I'm only smart enough to claim to have been adding to it the past year or so, after trimming back in 2007 and 2010
Liberty: Parent of Science & Industry
I knew it would happen.
And out right before close at 56.50. Not the kind of position to be holding over a three day weekend.
Added: Looks like not holding was a good move as metals are down on Monday morning.
Give Me Liberty or Give Me Debt
Too many positive BST transactions with too many members to list.
bought 1000 more NUGT at 55.50. And a jock strap.
Good luck!
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Went back to check HUI from the 2000 bottom. It went up 600% in the next 20 months. Gold was up 54%.
Take a peak at the NUGT five year chart.
Give Me Liberty or Give Me Debt
Went back to check HUI from the 2000 bottom. It went up 600% in the next 20 months. Gold was up 54%.
Take a peak at the NUGT five year chart.
Are we charting real miner's performance or decay in derivative's contracts? These are 2 different things.
NUGT chart has a 1-500 split built into it to account for the massive 5 year contract decay. The vast majority of the 5 year decline was due to derivative's decay. GDX is currently about 1/4 of it's 2011 peak. NUGT is at 1/386th of the 2011 peak (split adjusted). If NUGT was derived w/o any decay, it should have dropped to 1/50th of its 2011 peak. So we get approx 7/8th of the 5 year decline from decay and 1/8th from the actual decline in GDX. Hence, NUGT is a charting of compounding decay (88%). NUGT decay for the past 53 months resembles a "radioactive" isotope with a half life of approx 6 months.
For a technically worse decay, look at DUST. You would think DUST would be profitable with GDX down 40% the past 2-1/2 years since DUST's inception. Yet DUST is down 94% where in theory, w/o decay, it should be up 2.5X. It's down to approx 1/16th (16X)- or a total decline factor of 40X due to decay. One could say its performance is 39/40ths decay and 1/40th due to GDX decline. Overall, about 5X higher decay ratio than NUGT where NUGT did that over 53 months and DUST only needed 31 months.
bought 1000 more NUGT at 55.50. And a jock strap.
And out right before close at 56.50. Not the kind of position to be holding over a three day weekend.
Added: Looks like not holding was a good move as metals are down on Monday morning.
smart move..
NUGT pre opening
Not sure if it's the most recent or last Fridays.
bought 1000 more NUGT at 55.50. And a jock strap.
And out right before close at 56.50. Not the kind of position to be holding over a three day weekend.
Added: Looks like not holding was a good move as metals are down on Monday morning.
smart move..
NUGT pre opening
Not sure if it's the most recent or last Fridays.
"data as of 02/12/2016 09:30" - looks like Friday morning data before the last move up. Hoping it drops some more between now and my IRA acct. trade settlement date of 2/18. Dare not buy anything with unsettled IRA funds, could really get caught holding the bag.
Give Me Liberty or Give Me Debt
Too many positive BST transactions with too many members to list.
bought 1000 more NUGT at 55.50. And a jock strap.
And out right before close at 56.50. Not the kind of position to be holding over a three day weekend.
Added: Looks like not holding was a good move as metals are down on Monday morning.
smart move..
NUGT pre opening
Not sure if it's the most recent or last Fridays.
"data as of 02/12/2016 09:30" - looks like Friday morning data before the last move up. Hoping it drops some more between now and my IRA acct. trade settlement date of 2/18. Dare not buy anything with unsettled IRA funds, could really get caught holding the bag.
Looks like you're getting your wish.
Give Me Liberty or Give Me Debt