Powershares DB 3X Long US Dollar (fka UUPT)

[PennyStock Alert]

My Technical analysis

Should I buy today? What will prices be tomorrow, next week, or next year? Wouldn’t investing be easy if we knew the answers to these seemingly simple questions? Alas, if you are reading this book in the hope that technical analysis has the answers to these questions, I’m afraid I have to disappoint you early–it doesn’t. However, if you are reading this book with the hope that technical analysis will improve your investing, I have good news–it will!

[BottomBounce]

$UUPT Peter Schiff: Everybody Who Is Betting the Trade War Is Bullish for the Dollar is Wrong
https://schiffgold.com/key-gold-news/peter-schiff-everybody-who-is-betting-the-trade-war-is-bullish-for-the-dollar-is-wrong/

[doublesnouter]

Both funds are closed. UUPT UDNT.

[doublesnouter]

Both funds are closed. UUPT UDNT.

[JohnCM]

Tough to be bullish on dollar over par.

[Phatlander]

Is this the death toll for the dollar? Hints from India on a new emerging strategy (I had posted this on the Mining board):
The new PM Modi plan for gold in India begins to take shape. This article mentions a new Indian gold coin, and a proposed "metal bank".

http://mobile.nytimes.com/2015/04/22/world/asia/india-seeking-a-boost-plans-to-put-its-idle-gold-to-work.html?referrer=

So what is the inverse of this fund if I want to bet the short side? Thanks in advance.

[keyotee]

Missed the big ride.

[keyotee]

Been playing DWTI and DWTI,issued the big ride.

[howie11]

I like Hero below .60 not sure we will see 1.00 with oil current price. Unless there is a merger in the near future?

[keyotee]

Hero be accumulated by whales in spite of oil news being negative.

[keyotee]

Maybe so, I think for some time the dollar will remain strong, not to say that it can not have a pullback, I just do not believe the news is bad enough yet to weaken the dollar substantially. There may still be a pop for you in metals . Monday will provide better info. Weekend events will factor in I am sure.

[howie11]

I'm looking for a .50 bounce in AG Monday what do you think they released updated # on Friday that should put downward pressure on the dollar and positive short term increase in silver?

[keyotee]

That is quite a move, both states are beautiful. Good call on mdw I believe it had a bounce, I need to know more about their debt solution.

[JohnCM]

I just sold CDE to help with my move from Florida to California. I am still accumulating Tencent under $20.00

[keyotee]

Looking for the dollar to retest high before helping to settle oil a little, I like three trades. Oil, dollar, metals. What are you buying?

[JohnCM]

Follow dollar up until it tells you otherwise?

[keyotee]

I would be out here for now just in case, at least until it continues up. I do not like sideways.

[keyotee]

I have not heard, I know they were down.

[JohnCM]

Are we getting our charts and quotes back on IHUB anytime soon?

[keyotee]

Rigs are still being shut down at lower numbers though, it will take a while but there is still going to be a large over supply and inability to store excess oil which should bring oil down yet again. Hero will make a new low and .25 is in the realm of possibilities. I am waiting patiently. The pure plays are commodities right now, the equity market as a whole is looking choppy and toppish.

[keyotee]

Yemen is located near the area in the Middle East that allows transport of large quantities of oil, however, they themselves are not that large of a producer of oil, and the affect of Yemen alone does not mean very much in the global production of oil.

[keyotee]

Countries are tired of the US Fed bully system and game playing, and lack of leadership. They are looking towards viable alternatives to the US way of doing business, also, we are really bankrupt anyway and everyone knows it, however, if they quit playing the game before another game is in play then everything collapses. This will be good for Gold and silver long term. King dollar will not be king for ever. This is one of many steps which will be taken in order to move away from the dollar as the worlds reserve currency.

[howie11]

Also the possibility of off shore drilling increasing with the Middle East being so unstable and the World Rig count dropping lower every week. I have been watching Hero but have noticed volume has been way down lately. Do you think they could go as low as .25 per share?

[howie11]

What are your thoughts about China's new World bank and the possibility of a ground war breaking out in Yemen. I believe we could see Gold shoot back up to $1,300 over night!

[keyotee]

I like rig, watching close ,I know people who work there. Like the alpha in Hero, but it is dangerous. Uwti is my favorite.

[keyotee]

All I have been playing is nugt, dust, uupt, udnt, uwti , dwti ,the dollar, oil and gold 3x all the way.

[howie11]

I'm hoping for a few good days in etf NUGT, we should see $1,219 before we see a reversal. Then I'll be waiting for new lows in oil to buy into UWTI @ $1.75 or RIG @ $10.00

[keyotee]

Is the recent retreat in the dollar just that, or is the dollar following a longer term trend line to new highs? Commodities verses the dollar, this relationship will tell the tale, however, oil and its volatility makes this relationship more complicated, recent events In the Middle East may have caused a short term spike in oil and gold, but for how long. Do we trade UUPT here? I believe the dollar and the Euro are close to parity and I also believe there will be a bounce in the dollar from Fridays levels. I expect a final shake out in oil and am looking to position myself in UWTI for a bounce. Maybe a small position here to test the long term trend. UUPT may provide a small profit. Trade well!

[keyotee]

Welcome all who are burdened and heavy laden to the discussion for the devaluation and demise of the US dollar.