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Yep, I stopped even looking at the DXY chart.
I didn't expect another -5% here today. Gulp!
Yes sir!
LOL, already red...
Normally I would just short equities but I have no idea how long they can pump free money into the casino. Sad times for investors.
Next stop for gold @ $1264?
And spot gold $1280 there is. Small bounce right now. I hope it holds but weazel is probably right and we're gonna see a next red candle just as US opens.
GDX(J) charts look awful :(. Still holding NUGT, bought some JNUG for a flip yesterday. God have mercy.
Haha, ok, thanks :)
You sure? It wasn't a reaction to GDP report? Is Investing.com calendar lying to me?
Yellen testifies in 40 min. Expect more manipulation. I await spot gold ~$1280.
Very nice, as in a clock. Rinse and repeat. Easy money.
US GDP QoQ PM tomorrow and after market opens Yellen testifies. Anyone excpects surprises?
EDIT: In another universe: S&P500 is almost %1 up today. Everything is awesome! Time to buy more physical.
When I was in DUST and someone even mentioned NK there was instantly spike in gold as if war was about to break out in 5 minutes. Now that I'm in NUGT for at least 2 months, NK fires a rocket and gold is like "meh". SMH.
At least I'm taking advantage of manipulation and scalping JNUG/JDST for 2 weeks already. Easy money.
Not selling NUGT and, as I said some time ago, I don't excpect any significant action until rate hike and possibly EOY. 2018 should be fun.
Yellen speaks today in the evening. FOMC Meeting Minutes tomorrow.
Very nice finding, thanks for sharing!
There should be one in 3 weeks time. No matter if they raise or not.
Lowest Volatility in History For Gold Miners
I was on vacation last week but I see that nothing changed anyway, except for a nice, green candle in gold on Friday.
3 weeks to FOMC meeting.
Yep, good call. I also didn't believe in this flush. BUT, I'd like to see a continuation tomorrow, Wednesday at the latest.
Phew... they almost had me bail last week. This feels like a reversal. GDX poking at short-term resistance trendline. Immediate selling disappeared. NUGT at last at 3x leverage when green. Thank you, November.
I'm curious about tomorrow.
200MA in gold seems to be giving us some support. Let's hope it moves higher from here because GDX is on a verge of collapse.
Oh wow, pretty shitty chart for Barrick.
And we're still below yesterday's high! LOL
I'm not even watching, I don't want to get angry. I'm just looking what GDX does from time to time.
FOMC meeting today, tomorrow Trump announces a new FED chair and on Friday jobs report.
"Special" leverage won't let us down.
GDX chart doesn't look bad either. Let that $22.3 be the bottom for the next leg up.
Just for the record: FOMC meeting Tuesday/Wednesday.
GDX to 22.32 then reverse or complete breakdown.
Good I wasn't watching this yesterday. Another bullshit day in miners but at least gold broken that resistance. Still green and above it as I type this, albeit but not much.
I wonder whether this is a reversal or just a reaction to S&P ending day in red.
If it goes lower I'll sell and reenter when gold hits $1250.
What can I say, same here. I'm ~10% red now and tired of this action. But I see that S&P is red and volatility is on the rise. Let's see how that plays for gold and miners. I'm leaving in 15 min and won't be watching until tomorrow.
Why am I not surprised? Still holding but I'm looking for other trades...
Relentless selling. That's the only direction for machines here.
Anyone knows what happened?
Yeah, not to mention "special" NUGT leverage most of the time lately.
Markets are on autopilot http://www.zerohedge.com/news/2017-10-23/here-it-comes-longest-streak-ever-without-3-correction-us-history
I was going to buy XIV when it dipped to 70's last time, to benefit from the manipulation but I thought gold would be safer. LOL, no, dummy! XIV is now ~112 but I'd be surprised as fuck if there's no correction soon so I'm waiting.