Believing and hoping are both gambles and not based on quantified strategy. There is not one cheerleader on this board that can quantify the risk here. Just good at posting articles. Tomorrow FNMA goes to 1.93

Ackman has sold FNMA shares. Fact.

Your reply to that?

And don't respond with more questions. That's just a sign of uncertainty.

I can't legally give you advice. Sorry fella.

But thanks for askin' :D

To all FNMA longs who believe in Restoration: Hope is not a strategy!

Reassess your strategy. There are other investments to be made!!

FNMA dead. Will tread in single $ land until dissolved. Big players leading lambs to slaughter. Sorry guys.

Going to be a lot of selling early tomorrow (me included). This thing is going dark for a while. Sorry guys.

Alchemy is mad cause he sold. Don't sweat it.

Alright. I'm back in

I feel like I can say one thing with relative certainty. Holding over night is dangerous :/)

Did the channel break or did the RSI just reset so it could continue?

I'm curious myself. But I am in DUST at the moment

Well the Fed minutes helped today. That could be your catalyst you were looking for on the reversal.

Wow. That NUGT entry was luckily timed

Out dust @ 32.80 from 30.60 yesterday. In NUGT 19.34 today

Is it me or has gdx officially double bottomed now?

No worries. We're all a little emotional right now

Non trading retail folks don't move the market. Any aspect of it.

Perhaps in the immediate yes but a longer term view overrides that logic

I moved all in dust. Tired of fighting it. If it reverses I might reconsider. Or just let it sit long for 3 months and make it the long, hard way

Look at $DXY. Therein lies the answer young Jedi.

Back in NUGT 21.13

FNMA. The glory days are over. Only the prideful and stubborn are still clinging. Pack up your bags and move onto something else. There are other investments in the world.

Please don't bother responding to this message. Just read it and move on.

I hear ya. We'll see.

ADP report already out. 213K jobs in sept

Then do that. Please.

Cool. I'm with you now

How does a high dollar help gold?

Shoot, may have to wait longer than that. GDX may go straight down to 20's before a bounce. As I've said, I'm in NUGT 24.75 and will add when lower. But that might end up being in the NUGT 20's. Who knows

Soon to be 22's

In NUGT @ 24.72. But guess I'll have to pick up more later cause reversal ain't happening today

C'mon now

Still thinking we see a short term pull up for NUGT. Then we watch the DUST fly next week.

I'm in NUGT till Tuesday. People seem to be shrugging off Syria...good news for the gold shorts

GL

Wrong. I'm assuming everyone enjoys looking at them and every one of your comments is worth shit. That's all

You really like to post the same charts that we all see every day. Either comment on them or don't bother pasting them. Like I said, we all look at them.

What do y'all think? Token Friday gdx bounce going into weekend and Monday we resume path down? That's where my money is at

"Manipulators"....well said, Goldbug. Hahaha

Gold: sub 1200 by year end. Geopolitical will blow over. Rates going up. Shiny yellow will get dimmer and dimmer. Dust on the rise long term. $40 by December.

The fate of gold is weak

I don't think it's the $40, I think it's how it hit it's head on the 50 DMA. That was a strong thud and looks to be big resistance.

You know, for all this talk about 3 year charts, look at the charts for NUGT and GDX. They are pretty much perfectly correlated. If the DUST chart were correlated, we should expect to see a double top (one in January and one in June...where GDX hit double bottom). But, that's not the case at all. DUST had a much more pronounced top last June, when GDX's drop was not nearly as significant as this January.

If you're looking for double bottom, you may have just seen the second one....in June for both NUGT and GDX.

Given the problems across seas, potential inflation, rising rates which may actually pour money into Gold as asset managers look to get out of existing lower yield, we may see Gold hold up fairly well and the CHART play may actually be NUGT

FWIW

Wrong. It's based on GDX. Now, if you think GDX is a reaction to gold that's a different question.