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What happened to JDST at the close? It should have closed at 18.08 or so but it just dropped down to 17.63. After hours it says it's up 45 cents to 18.08. When I look at my account though it shows it as 17.63. thoughts?
Dang sold way too soon but you never know
Got in at 27 sold right around 27.7 2.6% gain is a 2.6% gain
It seems like all day every time gdx climbs someone unloads a bunch and it falls 10 - 15 cents. Does the person unloading know something or is it nothing?
L, do you have a target in mind or a stop loss in mind?
Out at 28.70. Took a bit if a loss, but ya win some ya loose some
What are your thoughts? I'm still in DUST right now trying to recoup some losses. I'm in at just under $35. Ouch. It seems like it is a lot more risky playing DUST right now than NUGT. Shorting near 52 week lows seems very risky. Would it be safer to switch teams and hold nugt to try and recoup some losses? Any insight is appreciated.
Do you think we will see 35 anytime soon?
The dollar is crashing. Do you think the fed will let that continue? If people lose faith in the dollar they lose their power. Will the fed taper if that happens?
The 50 day moving average fell below the 200 day moving average.
Death cross formed in gold
Here are some random thoughts. The dollar is near its 1 year low. If that starts to rally that might mean bad news for gold. If job reports are better than expected tomorrow that might mean the economy is improving which might mean taper. All that said, if gdx falls back close to its low for the year I might get in and just hold for awhile. The swings are crazy and playing dust near GDX's low seems very risky to me. I'm still trying to get out of my position
Something interesting I've noticed. Many analysts were bears last week. Now suddenly they trot out all the bulls. Many are screaming gold 5k an ounce. I can't find any negative sentiment. If all these people think we are ready to slingshot to the noon would they have not already bought in? Where are all the buyers going to come from? The dollar would crash if gold took off, are the Feds ready to let that happen? Gold may shoot up again today who knows, one day Goldman saying slam dunk sell 3 days later it's saying buy. You could go nuts following these analysts.
I just saw an article talking about GLD increasing outflows. Volume was low yesterday. If it's low again today then it might be a bear trap. IMO
I just saw an article talking about GLD increasing outflows. Volume was low yesterday. If it's low again today then it might be a bear trap. IMO
Hey life, I'm in dust at 34.98 I'm a long term bull on gold and kicking myself for switching sides. I posted this on the nugt board, but I took the "don't fight the big boys approach" and assume this is a head fake. Is it possible are the big boys are wrong or since they have the money they will bring this lower?
Ps I'm in at 34.98
If all the big boys are saying gold is going lower, can they be proven wrong, or since they have the money will they bring it down and these shoots up are merely head fakes? I'm in dust and kicking myself for not staying in nugt. "I took the don't fight the fed approach" but that is looking like a bad call. Should I hang on or get out in your opinion?
Only 16 mil volume on GDX. Average is 42 mil. Hmmmm
GDX volume very low. Is there anything to be read into from that?
Dollar up gold up market flat. What's going to give?
I can't tell if we are getting ready for gold to plummet or shoot a leg higher
To dust or not to dust that is the question
If this carries through until tomorrow I may pick up some more dust. I don't think the big boys are ready for the metal to run yet. As long as they can naked short anything is possible.
Ugh to buy more dust or take a loss? This stock is wicked. This reminds me aid a few weeks back when nugt shot up only to be wiped out within days. I really want to be long gold but this seems like a head fake before the real rally. Thoughts?
Switched to dust.
What has changed since yesterday? Nothing. We all new the debt ceiling would get raised for the 78th time. This seems like a trap and maybe a DUST opportunity.
Not true the Japanese version of the DOW, the Nikkei has been going down for 25 years due to their QE infinity approach
Ugh not sure what to do. Still on sidelines. Is this a dust opportunity or will the house block the bill and gold shoots up?
Validity kills leveraged ETF's. If gdx drifts much lower and then a deal comes throughout tonight, look out below in my opinion. That's when I'll likely jump in and start buying gdx at multi year lows
I think it has more to do with spending money we don't have. If you can't get the votes to raise taxes ( and I don't accept the premise that.would increase tax revenue ) then you must cut. Period. We need to leave within our means. Raising the debt ceiling for the 79th time and expecting this time to be different and for spending to go down is insane. Literally. That is the definition of insanity.
We aren't going to default regardless that's the point. We bring in enough revenue to pay the interest and debt payments. What you would have is chaos and people on entitlements suddenly without any money. That is deflationary. Gold could spike either up or down, but once the smoke clears stocks will look cheap and everyone will jump back in. The only way I see gold going through the roof over night is during a complete meltdown where the wealthy just want something stable. We aren't there yet. In the 2008 credit crisis gold plummeted along with stocks. Cash will be king until it no longer is. Meaning its destruction will be swift and we aren't there yet. Imo
I think long term gold has tremendous upside. I think short term over the next 2 or 3 months barring an unknown even gold will drift down to 1100 ish. If it happened all at once the big boys can't make money. The need people to buy in so they can short more. Rinse and repeat. The game will eventually end but we might be years away from that
But everyone already assumes that. If the fed comes out and says they aren't tapering this month no one will blink twice.
I have been exiting my position in gdx as it rises. My next one to get out is at 23.75. The government isn't going to shutdown. The tough talk is all off the table now and the only thing holding it up is a medical device tax. Sorry but we are not going to shut the gov. Over that. I'm saddened that the republicans appear to be caving like usual but it is what it is. As soon as a deal is reached gold will likely panic sell. If a deal isn't reached everything might panic sell. Cash might be the best option here I may even take a small loss to get out here.
I have been buying gdx. It's not leveraged and I can hold without fear as long term gdx will rocket back up in my opinion. There is so much volatility and this decay the twins are dangerous right now. Imagine if you bought NUGT at 2000 or 1500 or 1000 or 750 or 500 or 250 or 125 on and on
It's due to decay. Can't be stressed enough.
I'm glad the republicans are taking a stand. We are going to go broke, I'd rather we be the ones shutting it down vs a complete collapse at the hands if another. We have raised the debt ceiling over 50 times. Raising it again doesn't seem like the answer
Wow, is DUST a hold here?
Gold negative.... Here we go