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yes I feel gdx can fall further but Its a good place to take profits $10k in premiums plus 14k profit if they get called away
if they do not get called away I lower my cost average even more. I can always short nugt if gold or market dumps more
yes but he tells you "to assume the position" lol
here to make $$$ and hope everyone does the same. Play the trend and short any substantial nugt move. If your really gutsy buy nugt calls on gold pops and sell intraday IMO
sold 30 dust dec 21st calls 4.85 and 5
will buy back on any gdx big bounce and sell again
gdx 23.88 dumping on one minute chart
ruthbible Tuesday, 11/12/13 09:50:39 AM
Re: None
Post # of 1276
Get out now Weeman. Now lol
gdx bounced back to previous 23.8 support which should now be a pivot and rejected it, there is good chance for more downside but I am locking in some profits with some dec 21 calls.
I have 2k shares for covereds as well
Truthbible Thursday, 11/07/13 07:15:55 PM
Re: None
Post # of 1248
I say buy NUGT with all your might and strength, but lifter says to do opposite. You'll see who your friends really are tomorrow. Here is the real test
to be fair he has had to deal with that truth guy since he opened long position in dust.
just remember nugts basement is a never ending stairway
Truthbible Thursday, 11/07/13 07:15:55 PM
Re: None
Post # of 1248
I say buy NUGT with all your might and strength, but lifter says to do opposite. You'll see who your friends really are tomorrow. Here is the real test
i think i will sell 20 calls today to insure profits
these 2k dust will be free in no time sell calls on runs buy back on gdx pops = $$$$$ rinse and repeat
NFP out gold slipping gdx will loose 23.8 support
Just do opposite of that truth guy and you will be ok
gdx rejected 24.9
and droooooop!
i missed the short had to take the little one to school but glad you made that $$$ life
ecb announces rate cut gold and dollar pop a bit. I am leaning towards gold falling as day goes on at 1325 currently. dollar up to 81.06
abx annouced further dilution yesterday afternoon
k, i might look into gold and miner earnings a bit more tonight, I guess The truth wasnt around today?
L, Been away from markets but still have 2100 dust at real cost average of ~29. (havnt wanted to figure exact cost since i have been selling and buying back calls on those shares) my question is do you feel this a start to trend change and gold going lower ? Its hard not to sell calls today for the 16th but may be too early
awesome! glad you made that $$$$$
sold + 17%
they were up 50% for a few moments but i didnt act fast enough
just saw the change do not know why but riding some momentum as gold drops. will probably sell today unless i get clear sense of whats going on
bought 35 dust calls
been out of town, what are the talking heads thinking before fmoc?
no I have not seen anything on markets since about 630 other than looking at tickers on phone. I am upset I didnt re sell covereds yesterday. I am flying out tommorrow morning so just going to resume monday
yeah its ever changing DO whatever your comfortable with to make that money. MAybe I need to trust gdx pops a bit more and long nugt when its warranted but its much easier for me to just short any big move. I hope everyone makes money but does not seem like our resident "coiled spring" does want us to burn
Life, I have been lurking stocktwits after you posted a link and its funny that on any gold or gdx spike the "bulls" are too the moon and basically antagonize the "shorts" but on a down day like today its healthy pullback or consolidation.
awesome day just getting home I didnt get to short nugt but bought dust calls up nicely starting to take profits and access gdx at $25
thanks, i will plan to watch closely and possibly try to buy a bunch of dust calls on any gold retraction or if gold spikes i will buy nugt calls for scalp but more inclined to short nugt after pop
bought to close @.35 net profit 2.65 per share~ $5500 profit
looking to buy to close my nov 16th $47 strikes 21 netting about $5.5 k
who went "all in" on NUGT at $96 ??
On the Daily GDX we have at least found some support at the $23.00 area. This I believe will be the area to watch for both BULLS and BEARS. If the $23 area holds then the bottom is in but if not GOLD will be seeing the 1100s again.
dont know if I am brave enough to jump on nugt for a daily but I am definitely shorting this pop at any sign of weakness and or drop in gold
sell covered calls on the shares you own, at least you will collect premiums and lower your cost average.
read my post again look
monday sept 5th 2011
nugt $2182
gdx $65.8
GOLD $1855.2
DO THE Math
decay!!!!!!!!!!!!!!!!!!!!!!!!
delusional
look at charts nugt was once 2100 with reverse splits now 42
kinda like your NUGT 90s lol
I saw someone post gold to $5000 hope so for your sake
relentless buyers of GDX at 23.08
interesting to see how long before they get exhausted
in nov dust $40 calls for scalp
opps that $42 nov 16 dust puts