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We broke the trend line that started on March 7 - April 13. I thought today we would see a green close with the dollar smashed but I was wrong. Looks like we are going to be in bad shape. And I bought today. lol tomorrow has to be major green or we are screwed.
Bought 6.50 lol
GDXJ double bottom at 35.50 so it doesn't look like we will reach 6.17 on JNUG. But if we do we will definitely see 5.80's on JNuG.
I'm happy it's down today because my money doesn't clear from the 7's I sold on Wednesday. When all the mess with GDXJ gets settled we should be doing awesome.
Creation suspension jnug creating a premium
If jnug is down 3 and jdst is up 5 you get a 2 premium. That's what I'm saying. It's happening because of the suspension and will only happen right now
Has anyone figured this out yet you could buy JDST and JnUG and guarantee score the premium. what do you guys think it's a guaranteed win
I know, right. Just think I sold physical to by miners and the miners took my money. Should have bought UGLD. Would be net positive. That's why I have to buy low to make up for this crazy shit.
If I can buy in the 5's I'm might dance around for awhile.
Jnug trading at 1.25% premium. But it's still down 2.3% instead of 3.5%
Cool my kids doctor is in glencove. With all the news that came out about creation suspension on Thursday and the restructuring of GDXJ holdings. I'm real excited to see JNuG catch up to NUGT. But I hope it doesn't go up to much on Monday because my funds don't clear until Tuesday from my Wednesday trade of jnug. A smart move could turn out to be a missed opportunity.
I live in American Canyon and the military planes fly over all the time. I'll have to pay more attention. Looks like gold is going to fly. I thought it might pull back. Guess the upper bollinger band is not going to stop this break out.
Sold JNuG on Wednesday and looking to get back in. Could be big money ahead soon.
Your attacking my intellect and being quite rude. The North Korea hype was built off the idea that they where going to test a nuclear devise. The missile they shot off was not even an intercontinental missile and as of right now had no intended target. So your argument is null.
Looks like the North Korea bs is over and Syria is on the back burner for now. Economic data for march didnt look so good. So I would say gold pulls back 1265-1272. IMO
I can't find the suspension for NUGT. All I can find is csi 300 china bear (chad) on July 10 2015
The stock could trade at a premium. And it will
Here's your answer: NEW YORK, April 13, 2017 /PRNewswire/ -- Direxion announced today that effective immediately, daily creation orders in the Direxion Daily Junior Gold Miners Index Bull 3X Shares leveraged exchange traded fund (JNUG) are temporarily suspended until further notice. The suspension is due to the limited availability of certain investments or financial instruments used to provide requisite exposure to the MVIS Global Junior Gold Miners Index. Redemption orders for the Fund will not be affected, and will continue to be accepted in the ordinary course of business.
Dam they are sneaky. Going to buy JNuG for sure. What's your guys take ???
IMPORTANT!!! NEW YORK, April 13, 2017 /PRNewswire/ -- Direxion announced today that effective immediately, daily creation orders in the Direxion Daily Junior Gold Miners Index Bull 3X Shares leveraged exchange traded fund (JNUG) are temporarily suspended until further notice. The suspension is due to the limited availability of certain investments or financial instruments used to provide requisite exposure to the MVIS Global Junior Gold Miners Index. Redemption orders for the Fund will not be affected, and will continue to be accepted in the ordinary course of business.
IMPORTANT!!!!NEW YORK, April 13, 2017 /PRNewswire/ -- Direxion announced today that effective immediately, daily creation orders in the Direxion Daily Junior Gold Miners Index Bull 3X Shares leveraged exchange traded fund (JNUG) are temporarily suspended until further notice. The suspension is due to the limited availability of certain investments or financial instruments used to provide requisite exposure to the MVIS Global Junior Gold Miners Index. Redemption orders for the Fund will not be affected, and will continue to be accepted in the ordinary course of business.
Looks like I'll be buying jnug on Monday. Looks like we might catch up to NUGT and close that gap. Thought I would be able to buy lower then 7 but they be droppin bombs
I get news alerts from the CNBC app it's really good and instantaneous
The US just drop the largest non nuclear bomb in Afghanistan we'll see how gold response
GDX is above the 50 day moving average and has that support and some momentum. So NUGT should fair better in percentage +/-. But gold hit its upper bolly and should retrace a little soon. So it all depends on geopolitics right now to keep it moving up.
GDXJ/jnug got slapped down mid day of the 50 day moving average and was going to pull back. That's when I sold. But then Korea said they where going nuclear and it spiked which was all emotion. So now you see the out come of what was suppose to happen.
I took a small profit today right before the North Korea news. Jnug 6.75 - 7.15. Because GDXJ could break the 50 day and China said it would deal with the norks. Russia seemed to be talking and easing tension. Oh I messed up. Now I got no powder.
It looks like GDX has a cup and handle starting on February 27 the uop forms to March 16 and then the handle forms from March 16 to you about April 5 what are you guys think
Dam that's the money I was talking about.
GDX closed at 23.64 above the 50 day moving average on the 1yr/daily chart. I would say this looks good and ounce the 20day crosses the 50 in the next couple of days we could see some good percentages on NUGT. We just need a good week of crazy.
Omg this shit should be a crime.
Omg. Took a nap (sick) and now we start ww3. I messed up with nugget this week and missed out. But I bought jnug (6.75) because it didn't perform as well and thought it might catch up. Here's to hoping lol
Did I get something wrong. How is NUGT green
That was my biggest fear for the fed to unwind their balance sheet. I stayed out just in case. Now I'll keep watching into next week for an entry point. I don't see any upside at all. Maybe a small position of dust. Sorry guys
Golds outlook for the week...
https://www.google.com/amp/in.mobile.reuters.com/article/amp/idINL3N1HD0M7
Tomorrow will be an important day for GDX. 23.50 is the line in the sand that has stood since the fed rate hike. If we can break that number I think 24.00-24.25 could be the next resistance. But if NUGT falls short with a new lower high of 23.39 we could see some downside and that's when I will by in.
NUGT still trending down from the fed pop. But with these last couple of days may change the tide. Looking to get back in soon. Here is a good article to pass the time https://www.google.com/amp/s/seekingalpha.com/amp/article/4059820-fear-leveraged-etfs-profit
What do you guys think will happen when Trump signs the executive order for currency manipulation at 330. Will the dollar crash or is it already priced in with this 5% move?
Lol. It figures the minute I sell my position in NUGT the weakness I saw for the day turns into crazy up move. I don't even care at this point. I'll wait for a little more clarity.
What happened it pop to 5.25%. Omg