Nuugggeettt!!!
renman95
Posts: 7,037 ✭✭✭✭✭
Two weeks ago NUGT was in the $170's, now $106 and dropping like a dress at a Rose of Tralee pageant.
Seems like there's anticipation of a hawkish Yellin' come Friday. I've been in and out of this, fortunately I was out before this recent Niagara event. Opportunity(?)
Seems like there's anticipation of a hawkish Yellin' come Friday. I've been in and out of this, fortunately I was out before this recent Niagara event. Opportunity(?)
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Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
And speaking of miners, that 2016 Liberty Medal is going to save the day, for flippers.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Still outperforming GDX on a relative basis for the year, 286% to 88%. Of course, for a longer perspective, the 5 yr return is -99.5%, which isn't that good.
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
Go figure.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Accumulate. . . rapidly.
Agreed
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Accumulate. . . rapidly.
Agreed
Done
Positive report (is there any other kind
Last rate hike fueled gold.
Will it be different this time? Most likely not.
Conclusion: Positive jobs report Friday will have immediate, positive impact on gold. The jobs report "leaks" should start showing up on kitco price chart before the report.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I knew it would happen.
I knew it would happen.
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 knew it would happen.
I guess I'll do you guys a big favor and not buy any NUGT. You owe me bigtime now.
You're a good comrade. :-)
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
GS predicts $1425/oz early next year, Spring (predictions, hehe). Can one imagine holding NUGT until Spring? That would be an insane ride. I don't have the stomach for that....
Gold up $27 helps.
GS predicts $1425/oz early next year, Spring (predictions, hehe). Can one imagine holding NUGT until Spring? That would be an insane ride. I don't have the stomach for that....
Then buy the dips, sell at the peaks, then buy the inverse DUST, sell at the peaks, then buy the NUGT, sell at the peaks. . .
All that is required to make extraordinary profit is nominal volatility (the norm for gold) and lots of good timing.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Gold up $27 helps.
GS predicts $1425/oz early next year, Spring (predictions, hehe). Can one imagine holding NUGT until Spring? That would be an insane ride. I don't have the stomach for that....
Then buy the dips, sell at the peaks, then buy the inverse DUST, sell at the peaks, then buy the NUGT, sell at the peaks. . .
All that is required to make extraordinary profit is nominal volatility (the norm for gold) and lots of good timing.
Sounds easy-peasy when you put it that way.
I'm just glad jimski skipped the nugt purchase
jimski... I need a lot of help on my PM positions: can you buy a large amount of dust?
correctly choose the movement of the dollar and you can correctly choose the movement of gold. This will help to correctly choose the movement of the miners as well as the price of silver.
Understanding how things affect the dollar is currently a better tool than understanding how things affect gold.
Edited to add: Stopped out at $24.50.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
:-)
I'd help you if I could but I haven't played with leverage for a couple decades and I'm fine with buying the real stuff. My tongue-in-cheek teaser was to let you know that I do think that playing with leverage is fun but hazardous.
I hate to pile on our good comrade jmski, but, remember a few years ago when I asked the good comrade to let us know when he intends to buy stock (actions to be used as a contrarian indicator)?
:-)
Here's where I may not be helpful as a contrarian indicator - I've got me some dry powder and I plan to use it before too long.
I don't care about the market timing. I feel the need to rescue some more dollars!
Again, I stress that buying the real stuff doesn't really count as a contrarian indicator for paper. I do think "it's about time". There's certainly enough stuff going on to justify a few more oz's.
I knew it would happen.
There's no place like gold?
There's no place like gold?
Well, we haven't had a good heel clicking for about 5 years. Maybe the time is ripe!
Gold is pretty unique in that it's a monetary play. Silver and Platinum are economic plays, but silver has a history in the monetary arena as well.
Pick your poison, I'll take some of each.
If you're really good at timing and/or analysis, go with paper but don't say I didn't warn ya.
I knew it would happen.
"Both (central) banks are being reported to have printed close to $1 billion dollars of fiat money as of recently. This should come as no shock to anyone, as this is all Central Banks know how to do - print money.
What is more stunning, however, is where they immediately moved these funds. You guessed it right - into precious metals.
They know that the physical precious metals market is limited, tight, and scarce. They also know that if they simply printed $1 billion worth of fiat money out of thin air and moved it into physical, then they would risk blowing the market apart, sending prices potentially catapulting higher.
Since they are not yet willing to face the wrath of the other Central Bankers around the world, they did the next best thing. They bought shares in the gold mines themselves."
Look for it to continue.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Did you?!
Did you?!
Nope! It weren't me. I'm still thinkin 'bout it. I'm still concerned that the guv'mint gonna try to take it.
cohodk sed they weren't going to tho'. he thanks that we all them conspiratorial nuts. haha.
I knew it would happen.
JMSKI!!!
Did you?!
Nope! It weren't me. I'm still thinkin 'bout it. I'm still concerned that the guv'mint gonna try to take it.
cohodk sed they weren't going to tho'. he thanks that we all them conspiratorial nuts. haha.
Just think how much of the public debt can be paid off if 'they' nationalized our 401k's? But do 'they' really want the debt to be paid off? Methinks no. Could be the subject of D'sousa's next conspiracy movie though..."Hillary 2020 - Armadebtgeddon."
They changed the banking rules such that your bank account is technically "a loan to the bank" and not an asset owned by yourself. What's that say about the status of your 401K?
It's become Bizzarro World, and it's critical to understand just where we all stand in the scheme of things. Laws only apply to the select group of wage earners known as "taxpayers".
Debt is currency. Seems odd to me. Assets are liabilities to be taxed. Seems odd to me. Productivity is penalized. Seems odd to me.
I think it's time we stop, children, what's that sound
Everybody look what's going down
I knew it would happen.
Just think how much of the public debt can be paid off if 'they' nationalized our 401k's? But do 'they' really want the debt to be paid off? Methinks no. Could be the subject of D'sousa's next conspiracy movie though..."Hillary 2020 - Armadebtgeddon."
They changed the banking rules such that your bank account is technically "a loan to the bank" and not an asset owned by yourself. What's that say about the status of your 401K?
It's become Bizzarro World, and it's critical to understand just where we all stand in the scheme of things. Laws only apply to the select group of wage earners known as "taxpayers".
Debt is currency. Seems odd to me. Assets are liabilities to be taxed. Seems odd to me. Productivity is penalized. Seems odd to me.
I think it's time we stop, children, what's that sound
Everybody look what's going down
This seems odd to me too to two.
Eliminate the $100, maybe even the $50 for crime sake(?) What if smoene had stacks of Benny's stashed away for a really really rainy day?
Eliminate the $100, maybe even the $50 for crime sake(?) What if smoene had stacks of Benny's stashed away for a really really rainy day?
It's a no brainer that criminals deal in cash so let's outlaw it. But don't forget that arsonists prefer gasoline.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
JMSKI!!!
Did you?!
Nope! It weren't me. I'm still thinkin 'bout it. I'm still concerned that the guv'mint gonna try to take it.
cohodk sed they weren't going to tho'. he thanks that we all them conspiratorial nuts. haha.
Nope....you are just learned in the thangs "they" want you to know. Youve been a good and cooperative student thus far. Keep up the good work.
Knowledge is the enemy of fear
I'm saving my money to buy me a senator when the price comes down a bit. Damn bankers keep bidding up the price!
I knew it would happen.
Youve been a good and cooperative student thus far. Keep up the good work.
I'm saving my money to buy me a senator when the price comes down a bit. Damn bankers keep bidding up the price!
city councilpersons and assemblypeople might be a much better deal
Liberty: Parent of Science & Industry
Youve been a good and cooperative student thus far. Keep up the good work.
I'm saving my money to buy me a senator when the price comes down a bit. Damn bankers keep bidding up the price!
city councilpersons and assemblypeople might be a much better deal
Along with County Executives...Almost forgot, my last one is "serving time" for taking bribes.
Jumping off at the top, and climbing in at the bottom.
Timing is everything on every thing.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Classic.
buying NUGT in anticipation of FED pushing dollar down.
stopped out at $23.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong