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OK, I see it now. It's all about Trump's "bussiness transactions". In 95% cases of news like this gold goes back to previous levels in a matter of a few days.
Such news tend to appear when I'm not at computer. Ehh...
DXY oversold on daily AND weekly. Is this capitulation or what?
Same here. I'm stacking regularly.
Bought some NUGT here for $27.7, just for a flip. I hope I won't regret it.
I have a free account, no priv msgs. Please don't write directly to me.
Damn, JDST missed my target by a few cents and then took off :/. This can be just a typical Yellen reaction. Nothing serious so far.
Actually, I reconsidered and I think we're going lower. My working scenario is that gold goes back below $1200 to revisit its long-term support before resuming its bull mode. I'll probably be slowly accumulating JDST.
As for today, we'll see.
I sold the rest of my shares for $29.5 yesterday. We'll see whether I get a chance to get back lower.
Thanks for the chart, I forgot about that trendline.
I sold some shares $29.8, ready to buy back.
That's why I'm asking very pretty for it ;) Above $1230 and it's on like donkey kong.
Nice! Can we go above $1230 pleeeeease?
That's all nice and dandy but let's wait until US opens. As we all know they can easily push gold down $10 in 1 sec with a "fat finger" trade. Still holding anyway.
Exactly that. And not only today but for some time already...
You must have confused something. GDX is below 1% and NUGT below 2% for the last 15 minutes. That gives you at most 2x.
LOL, NUGT became a 2x leveraged ETF. I feel safer already! ;)
I'm still much more concerned with gold. I'll be celebrating only when it breaks its descending channel that started about a month ago.
It's almost funny to watch as they do what they can to hammer gold down on each and every spike...
EDIT: Oh, it's all about Trump & Russians this time.
As Zerohedge hastens to inform:
http://www.zerohedge.com/news/2017-07-10/last-time-hedge-funds-were-short-gold-it-rallied-18-month
I'm not sure if this is a dead cat bounce or a reversal but I didn't sell a single NUGT share today. I'm still like 8% red but if gold reverses here then it won't be long before I smile.
Now let's close above $1214.36...
That's a really nice opening. If only gold could follow the example...
Gold below $1160 would mean it can go to any low it wants. I think we'll get there eventually but I'm hoping for some kind of a bounce so I can bail.
Gold hit May lows. The last hope is that this is the end and we at least bounce here.
Game over
Dollar dumping, gold in place. I need a break.
$1220 held so island reversal scenario is still valid. As for silver, it seems to be in a nice spot to buy with a tight stop.
I'm looking at the GDX chart and all I see is another setup for a gap down tomorrow. We would have to close above 21.62 to make me think otherwise. Gold in a coma doesn't help either.
Looks interesting. They are invested primarily in streamers which is a really good choice. I'll add them to my watch list. Thanks!
Gold is a bit oversold but that doesn't mean it can't get even lower. Check Nov-Dec last year. We're in a downtrend right now and nobody knows where it ends.
You're reading my mind. I'm looking at DXY & gold in disbelief today. I don't like this setup one bit. Gold in very tight range. Usually, this kind of action after a big selloff is not a good thing :/
So far it looks like doubling down on Monday was a good move, even if a bit hasty. Congrats and let's see what next!
lol, what?!
Same here. I doubled down at $28 just before market close. I couldn't resist buying this dip. To me it seems too much too fast on no news.
I'm looking at the chart every day but thanks for recommendation. We just broke the very important support and if that break holds I'm not going to take chances.
That's the only hope left. Perfect time to attack gold on an important support. Short session today and closed tomorrow.
Yep, this is really bad. GDX will breakdown also. I hate to be right.
I'm starting getting nervous. This doesn't look good ATM.
DXY rebounding as expected. $1232 in place, here we go, the moment of truth. Gold nicely oversold on a 4hr chart.
Easy, we have a strong support at $1232 and we should go up from there.