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A recession of any size is the least of our worry. Even a depression is not the worry. What people are missing, which is right in front of their noses, is the collapse of the almighty dollar. The writing is on the wall. Interest rates are rising way to fast in a short time and banks are going down with more to follow. They can't even agree on passing the debt ceiling lol.
At the low of day so far 12.34
I picked up 400 of Dust see how that goes
https://us.econoday.com/byshoweventfull.aspx?fid=541686&cust=us&year=2022&lid=0&prev=/byweek.asp#top Comes in under so inflation has peaked they think? Makes no difference gold is off to the races!
If you not in gold now you will wish you were.
Bingo baby I knewed it. I just loaded some 9.90's. Back in the game baby.
Does UVXY break 10?? I say she does.
A while back I was saying this POS would break 11.16 and I was jumped on all over the place. Hmmm looks like 10 is so possible it not even funny. Oh well have fun with this one. lol
https://www.marketwatch.com/investing/stock/et Do you see mid teens in the last year?
Also I have been in ET since it was 5 and have done very well with it. Who cares?
Look at the charts! I am not here to assume that nobody doesn't look at the charts ffs.
Meanwhile gold is dropping like a rock and not considered at all as a safe haven for any reason. Unbelievable.
I am talking about the last few year look at the chart ffs. I am older than you are and have been trading for 30 fricken years.
Yea right this thing has never seen 20's and hasn't even traded in mid teens.
Really? Gold took a major $50 dump today,
Ditto I agreed with you completely that is why I am sitting in cash and waiting patiently. If I see for example NUGT drop to the 40 range then I might dip my toes in. Other than that the volatility and risk are too much to take a gamble. I am better to go to the casino and bet red or black.
CBOE is at 21.82 close today actually. https://www.marketwatch.com/investing/index/vix
Yea yea yea it is all bull crap. It is all about money. The saddest thing in the whole fricken mess are the poor souls that are getting massacred. Senseless and pitiful. God will pay that asshole back.
Yea and look at gold breaking 1900. It has been in the hole for a couple of years and then suddenly comes out like a bat out of hell.
Look at that gold finally run baby! Giddy up! We gonna have us a war.
I agree sit tight for the 10's then back the truck up. JMHO
TFF I took all my profits off the table and liking counting $100 bills.
Right don't forget 11.62 lolol
Be patient 10's will be here before you know it.
Happy New Year and may green pastures prevail.
I don't brag I am proud of what I do and I do it very well. Worked my whole life to get here and now I am here. So you bet your ass I will let anybody know it. I earned it long and hard and thankfully the Lord has let me do it.
I'm 70 you a youngin lol.
Buddy it seems you are taking what I say as attacking you. That really is not the case. I ain't no kid and older than you are trust me. I been playing this game for 30 dam years. I trade to win and I do. I just hate seeing a wanna be trader rooky buying the falling knives with no clue. Tell you what I won't say another thing to you. Good luck and green trades. Again thank you. Nothing more nothing less. Trade however you want.
Reference my post # 18795. I sold it when it was $22. Not bad eh?
Don't take what I am saying as an insult I have just told you that you are my best barometer to buy and or sell. With out fail I have noticed that every time you buy this thing I can always get it lower. It is a fact. I am thanking you that is all.
Dude I have made more money on this etf and bhave been on this board longer than you have lost.
Sounds like you might want to research in some scuba gear companies lol
Imagine that. I tell people this but nobody listens. The 11's will hit before the year is over. Have fun.
Yup and like the old saying goes it is what it is until it isn't and right now it isn't as in sky rocketing.
I know good and well what this is but it is a POS vehicle that people think will make them rich. If you or anybody thinks the volatility will spike as it did a few years back when the pandemic hit keep dreaming. Losing money is not difficult to do but this UVXY has one thing that is true. It is designed to go to zero and it makes it easier to lose more faster and more times than a once in a while spike like two years back. Bottom line is the odds are most definitely not in your favor more than in your favor for making money. All I would say is good luck and you better have a lot of time watching it and willing to lose a lot of money doing it.
New Years Day is a holiday like Christmas they both fall on a Saturday this year however unlike Christmas Eve, where the stock market was closed, the stock market will be open on New Years Eve.
Actually markets are open 12/31/21 and yes this POS will see 12's no doubt.
Actually has touched 13.80. Wait for mid 13's and then make a play.