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Interesting read, thanks for posting.
Cut my long position in half when it popped to 24.90 for a small loss.
Gold may crash to $1050 as some analysts are predicting but not before a rally off $1180 IMO.
Good luck all
Buffett says be greedy when others are fearful.
He made an average of $37 million per day in 2013 on this strategy so I'm loading up on jr. miners and NUGT
Not looking good for us longs pre-market.
GDX teetering on the brink of collapse at 20.47, DUST looking like it wants to run to 55.00+-.
Wearing my contrarian hat today and will load on down to 20.00 if we are heading that low.
GOOD LUCK ALL,
Sumo
GDX bounced hard off 20.55 multiple times, let's see if support holds.
I'm not giving up on Gold, bought some 25.00's for new 25.48 avg.
Good luck all,
Sumo
Monster day, congrats to all!!
Shorted 4 scalps down to 25.96 and went long 25.95.
Welcome back Mr. Volatility!!!
WOW, just shorted 28.60's back into profit!!
Covered 27.56
Good call Stock, my chute just cost me $1k. All that hype and waiting for a loss. LOL
Tomorrow's another day
Ready for liftoff but packing a parachute just in case!
GOOD LUCK ALL
Good morning Stock, not much reaction to this mornings data.
Sitting on the sidelines after going short yesterday afternoon and taking a small profit this morning.
Would love to load the boat in the 25's but I might get stuck chasing this time around.
Sumo
OSIS has been a great day trader, looking for a pullback to load in $48.00 range and hold for a clarification PR bringing PPS back above $65.00.
Grabbed 15,000 shares Friday, looking for a pop this week and hold above the 50 DMA. Very substantial insider buying and huge potential here IMO.
Couldn't resist and grabbed some 26.40's. GDX appears to have new support above 21.01 afterhours... let's see if it holds til morning.
Good luck to all,
Sumo
Thanks Stock for the insight.
I decided to take profits on the big rise ($4.4K) and even got a little scalp in to the downside. As incredibly complex the gold story may be I am choosing to keep it simple, not look more than 24 hrs. down the road and protect profit when it comes.
I'm out at the amount (aside from a small long position in USLV this morning) and will hope for another chance to enter NUGT high 24's/low 25's.
Hope you guys get a big gap up and pop tomorrow, good luck!
Quite a reversal in opinion from today's gloomy projection. Why so bearish all of a sudden?
Nice. We both left plenty on the table but 1 dollar is better than no dollar!
Cheers,
Sumo
I shorted 600 NUGT at 30.90 yesterday and scalped out too early at 30.12 pre-market.
I'm a rookie trader so just long and short positions, will research calls and puts over the holidays and maybe get my feet wet in 2014.
Will USD bounce hard again off the lower support line sending gold back down to 1220?
http://stockcharts.com/c-sc/sc?s=$USD&p=W&yr=3&mn=0&dy=0&i=p09782972725&a=286203768&r=1386713462886
May be relevant for tomorrows direction in gold.
http://www.bloomberg.com/news/2013-12-10/euro-holds-longest-winning-streak-in-a-year-before-german-data.html
Arguement for strong US Dollar tomorrow.
http://www.marketwatch.com/story/murray-ryan-reach-two-year-us-budget-deal-2013-12-10?siteid=rss&rss=1
Very tempted to do the same, let us know if you pull the trigger.
Sumo
Congrats and an early Merry Christmas to all!
Decided to exit at 31.20 from 25.56
TRII will be holding hands with KMA* at .009 next week and likely trips by January 2014.
Denial will be very hazardous to one's wealth
You have everything to worry about with KMAG.
A confused, absentee CEO is the least of your problems now, if Smoke and friends liquidate 122 million shares of KMAG the PPS will quickly see triple zeros. The line in the sand has been drawn and Jeff Reid better be paying attention.
I hope it doesn't come to that because alot of good people here will be left with pennies on the dollar!
GLTA
TRII is a pump and dump scam orchestrated by Duncan Reid or Jeff Reid, whichever name he is using today.
Nothing but fluff PR's and lies for JR to sell into.
TRII is a scam
Idiotic post.
Another vague and pathetic PR by Duncan Reid, CEO of TRII.
TRII and it's shareholders will NEVER be cash flow positive but Mr. Reid continues to cash in!
With 100's of legitimate miners out there why would anyone invest in this frozen pile of worthless rock??
TRII
I agree Stock, unlikely that Gold will breach 1180 IMO. Made a few lucky trades and jumped back in at the close, I see Gold, GDX and NUGT turned up slightly AH.
Our day will come and as we saw two days in a row, when NUGT turns North it will be a perfect storm...explosive and parabolic!
Enjoy the weekend,
Sumo
Looks like a close at LOD.
Anyone holding for the weekend?
Wow, just cut my position in half at 26.25 for small loss.
Why did NUGT pop back up??
Down we go.
SERGIO PINON and ELAY=DILUTION!
Every share ever acquired by ELAY management was for "services rendered". 50 million free shares to dump on the less fortunate, probably the 50 mil. that was just dumped before the close today!!
ELAY is a pump and dump, dilution machine
Holding 1000 now at 26.37 avg., cheeks clinched tight.
Will add more if Gold re-tests 1180.00
Year end profit takers will need somewhere to park cash, hopefully in gold derivatives again.
The current trend is clearly straight down, shorting any "pops" in NUGT is money in the bank.
Good luck,
Sumo
Not today, hope this is a sign of things to come!
http://finviz.com/futures.ashx
WHOA, what just happened?? I like it
Sold half my position at 27.01 and put it in DUST as a hedge until this turns around.
So far so good
Gold drops NUGT drops. Gold shoots up, NUGT moves sideways.
Looks like more of the same today
Huge insider sells by execs and directors of US large caps may be signalling a big correction in equities. If equities pull back hard will miners and gold ETFs tank some more or move North?
Thanks,
Sumo