OK who has the huevos to step into NUGT

Justacommeman · March 9, 2015 2:53AM

<< at 9.30 it's starting to get interesting again. might dip a toe. >>

Sold a losing GG position and bought NUGT at $9.29. Will give it a lot of rope.

Mark

Justacommeman · March 9, 2015 2:58AM

Zubie · March 9, 2015 3:07AM

Looks like Blue Losbster is right, we may see 8's today

PRIZ430 · March 9, 2015 5:03AM

Stuck my toe in last week at 13.10....now my toe is hurting....Also giving this some rope....we will see what happens....

guitarwes · March 9, 2015 6:47AM

My toes have been crushed beyond recognition after buying JNUG in November. Been a nasty nasty ride.

lcoopie · March 9, 2015 9:07AM

At some point it should shoot up, but when?

roadrunner · March 9, 2015 12:00PM

The severity of this drop is sure looking like a strong bottom won't occur until late in March or in early April. That gives GDX plenty of time to fill all gaps since November 5th (ie as low as $16.61). That will drop NUGT another 20-25%. If it gets that far, there's also the last gap from October 2008 at $16.37. The worst possible GDX or HUI projection is the failed 6 year head and shoulder pattern that projects down another 33%. NUGT would fall to <30% of its current value (<$3). If that happened we'd probably also be looking at gold $950-$1050.

rawteam1 · March 10, 2015 2:25AM

<< The severity of this drop is sure looking like a strong bottom won't occur until late in March or in early April. That gives GDX plenty of time to fill all gaps since November 5th (ie as low as $16.61). That will drop NUGT another 20-25%. If it gets that far, there's also the last gap from October 2008 at $16.37. The worst possible GDX or HUI projection is the failed 6 year head and shoulder pattern that projects down another 33%. NUGT would fall to <30% of its current value (<$3). If that happened we'd probably also be looking at gold $950-$1050. >>

And then that maybe, may be the time to buy...

miklia · March 10, 2015 2:34AM

popped in with some short-term calls at 8.75. let the decay begin!

Justacommeman · March 10, 2015 3:44AM

<< 

<< at 9.30 it's starting to get interesting again. might dip a toe. >>

Sold a losing GG position and bought NUGT at $9.29. Will give it a lot of rope.

Mark >>

Bought a 30% position @ $8.78 to go with the 20% position at $9.29

Mark

Baley · March 10, 2015 4:28AM

NUGT? Time to buy? but it's only Down 99.56% over the past 4 years

PRIZ430 · March 10, 2015 4:29AM

NUGT = Pain, pain & more pain.

bluelobster · March 10, 2015 4:36AM

GDX has some support at the 17.10-17-20 range, let's see if that holds. So far cutting any support like butter...without the lobster.

Justacommeman · March 10, 2015 4:39AM

buy when there is blood in the streets, sometimes when its even your own........

miklia · March 10, 2015 4:49AM

the 45% drop in the last 7 trading days is what got me interested...

Justacommeman · March 10, 2015 10:52AM

<< the 45% drop in the last 7 trading days is what got me interested... >>

Ditto. Layering in

MJ

cohodk · March 10, 2015 1:48PM

<< NUGT? Time to buy? but it's only Down 99.56% over the past 4 years >>

Must be a buy then....can only go down another 0.44%.

rawteam1 · March 11, 2015 12:24AM

<< 

<< NUGT? Time to buy? but it's only Down 99.56% over the past 4 years >>

Must be a buy then....can only go down another 0.44%.

>>

Hi, just like the fiat dollar...

metalmeister · March 11, 2015 1:54AM

Well folks. I pulled the trigger on NUGT again down here in the $8's. I may add more if we get a spike up to the 9's. Third time in this risky trade. Rode $25 to $50, $9 to $20 before. You can see this is clearly trending down, BUT there are reversals that can be played IMHO and came out lucky last two times.

GLTA

Risk money only!

reddwing · March 11, 2015 2:22AM

Good luck Metalmesiter! Does anyone else find this rapid strengthening of the US dollar a little overdone? Or, some kind of huge hedge fund(s) manipulation?
I wish I had the huevos to get more NUGT at this price point.

bluelobster · March 11, 2015 2:52AM

Fundamentally, on a relative basis the US economy is stronger than Europe and the interest rate is higher. So for now, the dollar has only one way to go as does the euro.
Good time to make some plans to travel.

PRIZ430 · March 11, 2015 3:31AM

Gold DOWN....Miners UP....Time to step into NUGT

derryb · March 11, 2015 5:29AM

<< Gold DOWN....Miners UP....Time to step into NUGT >>

or DSLV. (USLV for those that disagree.)

derryb · March 11, 2015 5:33AM

<< Does anyone else find this rapid strengthening of the US dollar a little overdone? >>

There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment.

roadrunner · March 11, 2015 5:48AM

Silver down early today but gold miners and SIL were up. GDX and GDXJ were going higher this morning as gold dipped into the $1140's. Nice +divergence.

Really BIG hourly volume in SIL during the 10-11 am hour....approx 4X the size of anything seen the past 2 weeks.

One NUGT tranche added on this morning's dip to $8.20. Didn't pull the trigger fast enough for a 2nd one before it was gone past $8.40. It certainly looked like the banksters were going after the GDX gap at $17.11 but for some reason they stopped short at $17.29. They never want to make it too easy for the shorts. They have FOMC/OpX next week and then end of month OpX after that for 3 more tries at those lower GDX gaps in the $16's and $17's. The monthly 10yr note Treasury auction usually provides fireworks for the PM sector. Today was no exception.

cohodk · March 11, 2015 6:46AM

<< 

<< Does anyone else find this rapid strengthening of the US dollar a little overdone? >>

There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment. >>

Kinda looks to me (and all other rational people) that the dollar is the only money/currency wanted.

rawteam1 · March 11, 2015 7:50AM

<< 

<< 

<< Does anyone else find this rapid strengthening of the US dollar a little overdone? >>

There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment. >>

Kinda looks to me (and all other rational people) that the dollar is the only money/currency wanted. >>

I'll bet ya a nickel, it's the only one Dowserb actually uses...

derryb · March 11, 2015 8:02AM

<< Does anyone else find this rapid strengthening of the US dollar a little overdone? >>

<< There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment. >>

<< Kinda looks to me (and all other rational people) that the dollar is the only money/currency wanted. >>

Mission accomplished, for now.

<< I'll bet ya a nickel, it's the only one Dowserb actually uses... >>

Stalker1, when in Rome, do as the Romans do. When the Romans disappear, adapt. Class dismissed.

rawteam1 · March 11, 2015 9:10AM

That's hilarious, now you predict this country will be taken over...
You do stand up?....

derryb · March 11, 2015 9:58AM

<< That's hilarious, now you predict this country will be taken over...
You do stand up?.... >>

Troll1, staying after class will not get you any extra credit.

roadrunner · March 12, 2015 12:01AM

Sold $9.81 Nugt a minute into today's open. Good enough for now. Yesterday's large selling on strength in GDX into the close was not a good omen....neither was the expanding wedge from 3 pm that finished up on today's opening. Gold failed to get past the $1167 gap from 2 days ago.

miklia · March 12, 2015 12:52AM

<< Sold $9.81 Nugt a minute into today's open. Good enough for now. Yesterday's large selling on strength in GDX into the close was not a good omen....neither was the expanding wedge from 3 pm that finished up on today's opening. Gold failed to get past the $1167 gap from 2 days ago. >>

heh, sold my calls 5 min after the open. let's do er again sometime.

bluelobster · March 12, 2015 2:38AM

Nice trade timing Miklia and RR, can never go broke, taking a profit.

cohodk · March 12, 2015 4:29AM

<< Nice trade timing Miklia and RR, can never go broke, taking a profit. >>

Yup, great trade guys. Damn paper investments.

roadrunner · March 13, 2015 2:04AM

Was sort of miffed I missed getting back in yesterday at $9.00 but today worked out even better. That Wed/Thur expanding wedge that topped GDX on yesterday's open played out today into the bottom of the wedge in the $17.55-$17.65. That was also a support line from earlier in the week. So got Nugt back for an average of $8.77 this morning. There may not be a whole lot of time for it to go far with things being locked down sometime Tuesday in preparation for Wed's FOMC utterances. It's also an OpX week where Wed-Friday could show another hit to PMs. Tuesday 3/17 to the end of the month is set up quite well for our bankster buddies to fleece more out of PM bulls. Tough day today for commodities with sugar to fresh multi-year lows, grains and oil/nat gas whacked.

Pretty feeble bounce in GDX and NUGT if after 34 days down, Thursday was all it got. I'd guess we still have another pulse higher up to GDX 18.50-18.80. But if 17.50 gets taken out soon I doubt I'll be hanging around. Not a great sign with commodities in general still getting hammered.

roadrunner · March 13, 2015 3:43AM

Back out of Nugt at $9.20. GDX reached $18.00, a measured move and decent retrace of the drop from $18.29. Gold left some gaps behind today. GDX did too at $17.79. Will likely come back for that. Could pulse a lot higher but can't turn down 5% in a couple hours. The rest of the month should have more opportunities to buy PM's on sale. The overall trend is still down...and you have to respect that.

cohodk · March 17, 2015 1:17AM

One techicians thoughts on NUGT

guitarwes · March 17, 2015 2:40AM

what are your thoughts on that Coho?

miklia · March 17, 2015 3:13AM

20m shares traded at 20 = 40m shares traded at 10. it's also a better day trader play lately because of the bigger daily swings. imho, it doesn't portend a price direction.

Zubie · March 17, 2015 4:05AM

Still hoping to see low 8's and I'll be jumping in with a few thousand shares.
Anyone else looking at UWTI (3x Long OIL). Same as NUGT, at an all-time low. Oil will go long in the future, just not sure when to jump in....just like NUGT!

What do you guys think?

Zubie · March 18, 2015 12:41AM

Actually got into DUST this morning...we'll see what happens today. I think PMs will be down pretty good today.

miklia · March 18, 2015 4:08AM

hope you got out in the last 5 min...dang..

Justacommeman · March 18, 2015 4:10AM

Boom

MJ

Baley · March 18, 2015 4:26AM

splat! <meow>

reddwing · March 18, 2015 4:52AM

Anybody get into NUGT before Yellen Fed speak? Volume looks nice and healthy.

Zubie · March 18, 2015 5:17AM

Yep got out early and caught about 8% of NUGT after 2pm

Justacommeman · March 18, 2015 5:20AM

<< Anybody get into NUGT before Yellen Fed speak? Volume looks nice and healthy. >>

Still in my original trade from last week...........MJ

bidask · March 18, 2015 6:42AM

Ya see....the fed can be your friend!

Justacommeman · March 18, 2015 7:09AM

<< Ya see....the fed can be your friend!

>>

I would make out with Yellen right now. Bernanke for that matter as well

Mark

Zubie · March 18, 2015 7:11AM

Now just need to figure out how long to ride NUGT...

OK who has the huevos to step into NUGT

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