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Would have been even.better yesterday when spot was at 16.60 but June 17.50 strikes should still be a good bet!
Thank you! Been trading this ticker for a while now on the TSX. Love their warrants!
All the best to yuz!
Give me 3.30 I sell U and go back into D
But that was the safe play based on yesterday's market AND your situation. I would have done same.
I'm kinda tempted by JDST for some reason. Can't explain, gonna look into it later.... USD very down, oversold maybe on this Bullard news.....
I kinda regret selling my remaining JNUG's yesterday. What a surprise!!!
Long weekend, gonna be a low volume day today. Anything can happen. Can't foresee anything on days like today. Gonna hold on to my VMIN's bought yesterday, though. Up 10% already.
Here's a gift for metals:
BULLARD: FED'S CONTEMPLATED RATE PATH MAY BE OVERLY AGGRESSIVE
Basically means no rate hike in June. Metals gonna soar!
Thing is..... next 3 weeks inventory expecting 80+ bcf injection. Same week (next week) last year we injected 72bcf. Gonna be looking for data for the next 2 weeks.....
Last year's chart... mid May to end of May was relatively flat (+- 3%). Things took off May 30. 5 yr seasonal...same. Thinking we may drop to test 3.10 or lower in the next couple of days.
Long weekend, low volume.... could be anywhere really.... patience is key for next 45 days
I would have expected upwards movement with these latest reports. Did anybody else notice that a deal was made to distribute CR-10, a $5000 deposit was given, and the negotiations fell through?
The way I see it, there's interest in the product, somebody wantes to sell it but Jean didn't want ti just give it away..
But that's just me....
Water was 62. But soooo fricken warm and plenty of sun... finally.
Look at last year's 100% move from end of May to end of June in UGAZ. Production now is 71.9bcf/d, same as last year. Even if production increases in the shale regions pipeline capacity is pretty much all used up. Demand is higher than last year in the Henry Hub area and I-95 corridor.
Math and logic aside, 50% run from here is pretty much a given. If one is patient enough to hold til then.
Tmorr..... blood in the water plenty. Sell in May. Just keep an eye on USDJPY. It goes up, so does Apple... then Nasdaq then S&P and gold goes down. 111.40 is the pivot. USDJPY 112 gives us S&P 2380 and I start SLOWLY reloading VIX derivs and selling my VIX shorts.....
Great day!
To be honest, I don't even know where UGAZ closed at today. But thinking Texas ERCOT and Cali will have only mild effect of eastern gaz prices (they'll be on renewables for a majority of their power...) so when the heat gets back to the ensembles (European especially), we'll head back to 3.40. June to mid june, if weather is hot, thinking 3.72 or so.... really hot and low 70 bcf production, we hit 4.
What gives for U? 3.40 from 3.17 now (?) Gives us 22% less contango.... 15-17%. At best, $4 gives us 78.5% less contango....so about 72%.
What's Ugaz now...$18.50? Gives us $22.50 to $31.8 .
Can't be more precise....sorry. It's finally sunny and gorgeouse in my part of the world. Spending my time outside. About to jump in the pool.
Cheers!
Can't really compare, I was in a Canadian double leveraged VIX etn, HVI. Bought in low 4's, sold high 6's when VIX front month was around 31. Had I really been vigilant I could have got low 7's (like 7.16 or something like that. Was in for 1500 shares. Still made good money.... but still...
In VMIN and the Canadian eqyivalent now.... but not for long, thinking of selling tomorrow and.gettig back in double lev'd VIX. Expecting more drop early next week....
I bailed toooo early. Left about $500 on the table. Pissed about that. Made about $150 back though on my VMIN buy earlier today...
Weather. News came out that weather would be above avg warm through August. What's keeping prices low ATM is the cold for the next couple of days.... but should jump after that. Just cashed what was left of my metals, kept a few equities, bought VMIN at $22, but looking to add to my NatGas
USDJPY and DXY move in opposite directions. Pretty much exactly. Gold and markets move accordingly. Another nice one is the Australian dollar....
I don't watch the Euro much these days. Not since Brexit.
Just bought 200 VMIN's.
Turn green. Markets gonna (have) turn green.
Metals down, VIX down. Gonna do so til USDJPY 112 - 112.5....
Ya see, USDJPY green, NASDAQ green and the other indices about to follow. 16.75 - 16.80 good place to sell. Still have until 10:00 or so then it'll all turn.
Can't say. Outside, on my phone.... inet terribly slow. Spot at 16.80 might be a good area to sell. But without indicators it's really hard to tell
Avg of 13.04. Not green. Will be averaging down. Small part of my total portfolio. Don't need the cash to buy other assets.... I could go on and on.
I expect silver to spike hard next week. But not now...
At this point if you're green, take it. Markets don't seem to be controling the price of silver atm. A whale (Noble Group) is liquidating it's assets, trying to save itself. I'll be liquidating most of my metals this morning but will be keeping silver. Basically, I expect general indices to drop a little further this morning, metals and miners bounce up a little, then around noon or so markets bounce to green, metals dropping. But hard to tell today.
Where silver goes? Can't say. Fibs are irrelevent now.
Red-Green move on USDJPY about to happen. Same gonna happen to indices on RTH open. Gold should / might drop back to next support. 1245 backtest today?
I am literally rolling on the floor laughing. Look what I found:
https://www.ft.com/content/23dd6c0c-2f79-30cb-931a-48d63a1b3d12
It is Noble Group liquidating their silver. Last I read, they had something like 225MM ounces of the stuff (both physical and paper). If/when they stop liquidating we can expect some logical moves in Silver and silver derivatives but in the meantime it's just a gamble.
#RIPChrisCornell
Darn right! But DJT wants a cheap dollar.... so more buoyancy for gold
Gold just broke through huge resistance at 1262. Next stop around 1275. I expect silver to follow, but seems the liquidation is ongoing. Somebody is dumping all they have. Noble Group?
#RIPChrisCornell
Good just broke through 1262, next stop 1275?
#RIPChrisCornell
Stan! Good evening! Remember this one? You brought it up a little more than a year ago. Think I'm gonna be jumping in tomorrow.
https://stockcharts.com/c-sc/sc?s=gram&p=D&yr=0&mn=3&dy=0&i=p63370125871&r=1493988804070
Some whale unloaded silver, thus the move south. I think the market is hesitating. Record breaking drop, you know.
We'll be back above $17.50 in no time.
Metals and VIX. Gold, silver ETF's, miners and miner warrants. And VIX/XIV.
I left money on the table today... sold VIX a little early.... bought VMIN though....will make it back on the way back up!
Can't resist VIX!
And I know people in NJ who'd pay you to take their properties just for the mortgage. Same can be said in Detroit and Cleveland and Baltimore and Oakland and many many many other places.
Basically what I'm saying is that the macroeconomical models are squewed. Passed my first trade in 1986. It was easier then. Now it's just all over the place....
Well....i'd agree partially. You got bonds being played AND bitcoin taking liquidity out of metals. Gold should be flirting with 1400, not 1261. Japan is strong on bitcoin....
Real estate? If Yellin raises her rates like she said she would (three more times this year!) then real estate plunges. Remember 2008? I do!
Absolutely! Indicative of a much bigger move. Expecting a mild retrace tomorrow/Friday but come Monday.... could get ugly.
Unless we get news.....
Hh 3.16 now....
Needed to pull back but I haven't sold any USLV today. If USDJPY breaks 111 i'd expect gold and silver to bounce some more.
But if more news comes out about Trump's big mouth, safe havens could jump plenty more. If gold breaks 1262ish, next stop is pretty high up, bringing silver up to 17.50.
Gold went from $140 to $800 during the Watergate scandal....
Sold all my vix and some JNUG. Short VIX and going for NatGas long from 3.17
Not gonna play it but I think a good move today is shorting UWTI. DWT or any other oil short looks good today.
I'm playing VIX long, NG short and maybe a little gold if it hits my level....
Dude!!!! Hope you're doing well! I'm still slowly rebuilding that roof, but sooooooo many other things to do, and no rush (a sewage building.... 16x28.5', 3/12 slope...). Maybe I'll finish this week....
For technicals on gold, Weazelboy on the NUGT board is pretty spot on, at least fir the last couple of months. I hope to read him soon.
My take, well.... it all depends on your timeframe. Between now and end of June I'd expect another 40% run from here. Short term, I'd expect another 10-15% run (JNUG $23) before retrace sub $20). That's the way I'm gonna play it. At least for now.
At the moment, Alamo Gold is up 2% pre market with very nice bid support. AGI is one of JNUG's biggest holdings and representative of the Canadian mining junior sector. (9 of 10 of JNUG's biggestholdings were Canadian juniors... but haven't checked in a little while...could be wrong).
Sooo... sorry for the lengthy post. Short answer..... depends on the time you have on your hands.
Happy health, Dude!
Good job! Hope you made a little bit of dough! If it doesn't feel right, better off selling. I'm still holding. I expect gold to break 1250 soon, I'll start taking profits at around 1262....
Feels like a 20% day tomorrow! But i'll be happy with 10!
Last times oil dropped bigly, money flow seems to have gone into NG. Energy traders trade energy. If they sell oil, they'll put their money in another energy play.... and I"d go into NatGas if I were them right now.... with the recent 20 cent drop.....
Question is.... how. Up or down?