<< <i>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
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......
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......
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.
<< <i>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. >>
<< <i>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
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......
buy when there is blood in the streets, sometimes when its even your own........
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......
<< <i>the 45% drop in the last 7 trading days is what got me interested... >>
Ditto. Layering in
MJ
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......
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.
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.
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.
<< <i>Gold DOWN....Miners UP....Time to step into NUGT >>
or DSLV. (USLV for those that disagree.)
"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>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.
"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
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.
<< <i>Does anyone else find this rapid strengthening of the US dollar a little overdone? >>
<< <i>There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment. >>
<< <i>Kinda looks to me (and all other rational people) that the dollar is the only money/currency wanted. >>
Mission accomplished, for now.
<< <i>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.
"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>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.
"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
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.
<< <i>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.
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.
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.
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.
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!
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......
<< <i>Anybody get into NUGT before Yellen Fed speak? Volume looks nice and healthy. >>
Still in my original trade from last week...........MJ
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......
I would make out with Yellen right now. Bernanke for that matter as well
Mark
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......
Comments
<< <i>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
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......
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......
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
Too many positive BST transactions with too many members to list.
<< <i>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...
<< <i>
<< <i>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
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......
Liberty: Parent of Science & Industry
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>the 45% drop in the last 7 trading days is what got me interested... >>
Ditto. Layering in
MJ
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>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%.
Knowledge is the enemy of fear
<< <i>
<< <i>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...
GLTA
Risk money only!
100% Positive BST transactions
I wish I had the huevos to get more NUGT at this price point.
Good time to make some plans to travel.
<< <i>Gold DOWN....Miners UP....Time to step into NUGT >>
or DSLV. (USLV for those that disagree.)
"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>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.
"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
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.
<< <i>
<< <i>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.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>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...
<< <i>Does anyone else find this rapid strengthening of the US dollar a little overdone? >>
<< <i>There's a purpose behind it: It is creating international demand for dollars in a generally anti-dollar environment. >>
<< <i>Kinda looks to me (and all other rational people) that the dollar is the only money/currency wanted. >>
Mission accomplished, for now.
<< <i>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.
"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
You do stand up?....
<< <i>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.
"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>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.
<< <i>Nice trade timing Miklia and RR, can never go broke, taking a profit. >>
Yup, great trade guys. Damn paper investments.
Knowledge is the enemy of fear
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.
Knowledge is the enemy of fear
Too many positive BST transactions with too many members to list.
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?
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
MJ
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......
Liberty: Parent of Science & Industry
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
<< <i>Anybody get into NUGT before Yellen Fed speak? Volume looks nice and healthy. >>
Still in my original trade from last week...........MJ
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 give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Ya see....the fed can be your friend!
I would make out with Yellen right now. Bernanke for that matter as well
Mark
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......
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123