Forecasts that I hear are for stronger dollar that puts pressure on PMs.

Good pos. Like surfers, too. Lol.

This is mind boggling. i need to digest it.

DUST RSI(14) 65.52

Gold < 1000 potentially swoonin' into Jan '14 according to LE.

35.9. RSI(14) on /GC ( dec futures )
33.19 RSI(14) on GDX

To hit next support, about a 7% drop in gold.
To test the 22.21 low,in GDX, about 3%+ decline.

Bounce from there? How much ?

I'm not sure that I appreciate the correlation of information available through this link to gold.

Can you explain the relationship of the banks mentioned and their employees to the performance of the stock market and to gold as an asset class.

It seems to me that the market can go either way and the financial institutions listed could benefit either way ( long/ short ). They can play either side and win.

Also, weren't some of them divesting divisions that dealt with commodities in particular ( and potentially derivatives).

Can you help me to understand your inference a little better?

Thanks.

Dumb question 1: why will miners crash/drop with a resolution?

Dumb question 2: is Yellen "easing" priced in?

Dumb question 3: with tapering being deferred most likely, can gold and miners run? When, given the above? Nov, Dec, both?

But if the reason for a draw down is to flush out some miners, wouldn't it make sense to pull GDX along with gold ?

On a multi-year chart including 2008, GDX dips into the teens. At a price of around 1000 for gold (mid-2009 on a monthly chart), GDX today is undervalued relative to GDX in the mid-2009 timeframe ( thinking out loud). Maybe GDX could bounce even if gold keeps dropping over all since it is relatively undervalued.

We were confused by EO day friday; trimmed back NUGT ( at 38ish) to hold a position size same as DUST. If they can move the same percentages, hopefully it's a wash until the market of either has clear direction. Maybe the direction is already set with DUST; we have a hard time letting go of NUGT totally. If anyone has a good hedge/parity/carry trade strategy, we are interested in hearing it. Our guess is that NUGT might decay a little faster than DUST but it's just a guess. We can appreciate complex math if that's what is required to describe a hedge/parity trade. Looking for good references or examples on "how to." Thx.

boy are we glad this is not a penny stock!

Does anyone have a reference on how to play out trades when dust and nugt are at parity? Is it a carry trade? Any ideas/suggestion (it's ok to lay heavy content me ... Thx!)

I suppose everyone knows that miners and gold both bounced back fast beginning at the end of Oct 2008 whereas most other security asset classes may have bounced but didn't necessarily recover immediately (some didn't start util 2009).

A ton of open interest on NUG call options will expire worthless today.

On Balance Volume is dropping too...really negative ( on GDX).

Using the AccumDistri indicator on a daily 3 month chart, it looks like ongoing distribution.

Where are o seeing accumulation?

The rsi argument helped me today because according to CCI, way over sold. Thx.

I like the rsi < 30 argment; still a little ways to go on gold also and StochRSI is still fallin [ settings (9,3,3) ]

Same on nugt for rsi(14); do you use 14 periods?

There's free education at the CBOE website.

Sometimes it seems that nugt drops faster than dust, then there can catchup.

Same here. On CNBC it's " don't invest money you might need for the next 5 years" talk. And mention of a late Nov. event after current events settle.

Correction: my target was 45 today based on OPEX OI. i'm ok with 43+. it was positive, lol.

I had a 10 target on dust but got out at 43+ ; call me chicken but nugt has been messing with me lately, lol.

Gold decline triggered trading halt earlier this morning.

Oil down
Dollar down
Equities down
Gold down

Your right.

Really appreciate your insight.

Thx!

Thx

If the "guys" are right, it might not happen until Jan.

Some are seeing sideways action until then.

When's the next wash out anticipted? Next week?

And uup (for USD)

Maybe we should start tracking the big 4.

Any suggestions on preferred symbols? E.g. Uso, spy (or /es), gld ( or /gc), etc.

Who thinks GDX will drop below 22.21

Check out dust, nugt, and other symbols there.

I'd be interested in what you think about the candle stick pattern predictions

Http://www.americanbulls.com

Maybe you guys have an opinion on this site for predicting direction: http://www.americanbulls.com

I'd be interested in what you think about it.

Do you see a big wash out of gdx/nugt ( lower )?

How can you say this? ...and one the same refer to a coming wash.