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FIG? You gonna buy the rumour, sell the news. Up nicely since Feb, little drop recently but so's the overall market....
Best of luck on that play! Takes guts to go for gold AND to hold until you get it. I rarely have the patience.
Have a great one!!
Rereading this piece:
http://www.zerohedge.com/news/2017-04-19/real-message-gdxj-mess
JNUG - GDXJ basically is selling 25MM shares of AGI to bring it's weight to 2.40% of total holdings, according to TD bank. Explains why price has been stagnating even though Gold's up considerably....
June 17 is when the selling deadline although I'm thinking most is done and over with already....
Noble Group downgraded today. Down 32% after hours...
Edit: just on BloombergTV now... Noble Halted in Asia, downgraded 3 notches to CCC as odds Noble will default on bond payments within one year.
Once was biggest commodity trader with revs of $62BB!!! Now trading at 42 cents!!! If they have any silver left we should see a last dump within 24 hours. No dump, we're all set for takeoff!!!
I'm doing ok. Worked hard throughout my youth, very disciplined with my money. Able to chill now. Still working hard at times, but just enough to keep me motivated and busy.
You've been aweful quiet these days. You doing ok?
This VIX pop is very temporary and I'd short it if I could. These are always very short lived. Somebody wants the markets up and their working hard to keep it up. VIX spot will be back to 10 handle and Vix front montg will be back to 12.10.. down 3% or so..
But can't.....
Take care, always a pleasure reading you!
Terrorist attack in Manchester. 20+ dead 100 injured at Ariana Grande concert, other bombs in subway stations. Bomb similar ti that if Boston bombing
Canadian markets closed today. BORING!!!!!! Rainy day here as well.... brunch and nap were my main activities today.....
CORR about to hit 52 wk high, CANX and Hawaian Air 100% up from your calls last year.....
Lol!!! I just checked, got an email back from her as well. Short and sweet.... saying she was hoping to be able to update soon....
She's communicating again! Good sign?
Where did you get this info from?
Trump's MAGA tour seems to be lifting the markets. Back here, Bullard's comments of easing rate rises and potential q/e dropped DXY and helps metals rise. Silver now well above $17 and VIX back to 10's. Honestly, who cares about NG atm.... so many better plays right now. I'll be looking to sell my remaining half of VMIN's (from 21.90), vix should be good flipping material tomorrow, and adding to my USLV position from $13.04. Also..there are a couple of junior minors I want to get my hands on (AG and another one that I forget atm..... ).
NG spot closed at 3.21... so based on yesterday's 2.59, it's up 24%!!!!! Watch out if anybody's short!!!!
Man!!!! I hate when markets are closed up here!
JNUG up 4% yet most of it's top holdings are Canadian. Looking forward to tomorrow!!!!!
Canadian markets are closed, my NatGas levgd holdings are not trading today. At this point if I could have I would have sold. I don't believe this move (gold either fwiw). And I'd be buying VIX assets (TVIX and such.....)
But that's just me.....
No interest in watching today. Going out for brunch.
Catch y'all later!
Agree 100000000% with you. But to me, this was absolutely uncalled for. Bullard's comments (including his QE comment) completely saved the day.
If you dare to hold long(er) term.
Look at the most contango's assets: VIX, Oil, NatGas
Now look at their short leveraged etn's (or etf's)3 year charts: XIV, DWTI, DGAZ
/
Nope. You've got the right data and you've got contango decay theory to a T. Once again...still in my pj's so I don't have the data in front of me. But futures are in contango until Rover pipeline launch... March 2018..if memory serves. So the next contract is always more expensive than the previous...until March 18. In theory D will go up an U will go down.
Contango is the reason $3.40 NatGas gave us U at $24 two months ago, $22.50 last month and barely $21 today....
Where in God's name are my fricken glasses!!!
That's a really really good question. I don't think so, MM's wouldn't control the market or the price of a huge market like NatGas spot. But in 8 days June contract will become spot....
I'd have to check the data. I'd expect the prices to flatten out as they do become one and the same within 24 hours of each other.
But if you're referring to that 2.59 print, that's a fluke. A typo of a fat finger input error imo. HH was 3.065 (3.085?) this weekend.
If this isn't clear I apologize. Just got up, rainy day here and no coffee in my brain....
Trading of any delivery month shall cease three (3) business days prior to the first day of the delivery month. In the event that the official Exchange holiday schedule changes subsequent to the
listing of a Natural Gas futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the
business day immediately prior.
http://www.cmegroup.com/trading/energy/natural-gas/natural-gas_contractSpecs_futures.html
June contract expy is the 26'th. 3 working days before end of calendar. But Investing.com always flips ahead of time and oftentimes boards will be full of "Wow!!! What a gap!!". I think it's something to do with volume. More volume on July contracts than June contracts at this point in time.
Kept my long from 3.17 and small position.... will add long on any dip sub 3.25 (on July contract). As far as that 2.59 print on cash i'm thinking that was a mistake. Can't see any nat gas contract dropping so low this time of year
" Please note: the Natural Gas contract rolled over on May 21, 2017 to the Jul 17 contract"
https://www.investing.com/commodities/natural-gas
As for spot..... hadn't checked for a while and quite surprised by this price. Was 3.16 on Thursday....
Gulf of Mexico water is probably too cold to develop a full fledged hurricane but even a tropical depression could affect the oil/nat gas market. Markets hate uncertainty.... NatGas would jump on the rumour but sell on the news.... or lack thereof....
Looking at Teranga Gold ATM. 52 week low on Friday, ratios look very favorable.... Canadian markets closed on Monday but gonna be looking to buy on Tuesday...
My kid got up...first thing he talked about was fishing in A.C. (I showed him your pic!). Does your sport center charter fishing boats. We're probably gonna be in your area mid August...
Curious. Why? I'm seeing short term 30%, especially if you factor in seasonality.
No that's the anomaly chart. 12 degrees above avg weather
Yes but I doubt he'd reply. He's a big shot out in Cali....
I wrote Francine earlier today inviting her to comment on the mortgage situation. I offered to be the messenger. Long weekend here, she's probably at the cottage in the Ottawa region. I'll post anything I get back.
I read the article when it came out.... interesting. Injection forecasts for this week are all over the place. Celcius is at 67, I've seen 80's.... plus contract expiry. Gonna be a volatile (i.e. lucrative) week!
Yes I know.....
Been having a hell of a good time with VIX and gold of late. Chelsea looked interesting under a penny, occasional spurts of volume down there... although it's been a while...
Today though...trout fishing. Not lucky enough to be Oceanside.... so we're in the woods....
Thanks, Bob! We've crossed paths before and I've been following you for a while.
Indeed you are right, great time to get in or to add. I'm now holding my biggest position in AGI ever and I've been trading here for a couple of years. But i'm also holding other juniors: AG, GMA, CANX, IMG... they all have similar charts. Mining season is about to start so I'm very happy with my positions.
Great weekend!
Been bidding for 60's...AON. It gets down there on a 400 share paint job... somebody trying to keep it down. Is that you?
https://www.otcmarkets.com/financialReportViewer?symbol=ONOV&id=172151
Page 5, note 6. Distribution rights.
(Sorry for the delay... been busy playing elsewhere.
I'm pretty lost, no idea what you're talking about. I mean I recognize the tickers and all but have now idea where their trading atm. UGAZ...no matter what price it"s at atm is a sure winner but gold and all.... no idea.
Long weekend, Monday's closed here... but in the U.S.? No idea...... and to be honest... I don't really care. It's Miller time. Time to chill!
Have a great weekend!
Sold half of my VMIN's from 21.90 yesterday to 24.90 today. Busy playing outside and stuff..wasn't really watching.. but I kept my NatGas longs from 3.17.
But yeah.... def love playing this game.
Hmmm.... I like this one as well!!!!
News on Chelsea? You think?