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Gold dropping hard and the dollar gaining ground. This could get ugly before it gets better. At least its holding 6.50 pretty well.
might be the heddge funds trying to short it down to where they can cover. No logical reason for it to be trailing gold this severely. I mean I get it doesn't follow gold but we're like 4-5 bucks under last ezactly one month with gold at the exact same level we were at $11.
geezus its like trading penny stocks again
Gotta get gold going the other way for that to happen
Should have bought this one when I decided against the other. FM
I think I'll sit todays action out. Got some work to do. golds static Yen regained some strength. Low volatility etc. Just gonna watch for some buying opportunities
They brought it down PM but not quite to my 7.15 buy. Oh well there is always TMD
Its early but it looks a little looser than the last two days. If gold will cooperate the game looks on. Like Silky said the yen is just getting killed
The USD/JPY still slightly below 111 gold rebounding to 1248. I think I'll be buying some premarket and then the TMD
$8 my azz more like $11.50, Something just doesn't smell right
Sarge wasn't this you just an hour ago?
Buy these dips because the dollar is still breaking down. With gold at this level I don't see it breaking support.
I'm not even buying TMD this ones just trading so funny someone please enlighten me as WTF is going on here
"Maybe, mining stocks are responding in the same direction as $GOLD does"
What?
If that is the correlation then as on 02/23, gold=1240 JNUG=$11.
WE should be @$11 as well Instead on 03/21 Gold=1240, JNUG=7.40
Get it?
Thought I left this behind when I quit trading the pennies and pinks but the similarities are eerie
This is a little out of context but on Feb 23 we were at 11.63.
gold on Feb 23 had a range of 1238-1250
Today 03/20 gold 1226-1244
JNUG 7.21-7.78
Hard to look at that comparison and not think we are dealing with a fair playing field. I mean there is a 40% differential and yeah I get its not an apples to apples correlation. I'm jut saying if it sounds like a duck
How the F do we end the day at7.32 r u kidding me. Me thinks something foul is a foot. Hell should have just taken it under 7 so I could have snagged some cheapies. No trade relation with Gold at all today can't play with a dishonest dealer
Better off not watching this one today. It just won't act right.
Maybe 1250 is a psychological barrier. Cross that threshold and we are over 8 at the least
PPS is pretty resilient, not exciting but resilient
Hope so because without it we just meander around til the next am bump
Gold just hit 1240
Looking like we revisit the HOD again here shortly. My flipping funds may have to change to long if this keeps up
Now If we can just get a decent lil TMD
Ole one eye since you're playing both sides of this coin which one have you done better on YTD
Golds off to a good start 1233.35.
I'd rather be fishing
R U seriously saying this is going to the 5's today? I was hoping for a 6.35 fill and realize that ain't happening. Sheesh
Boring and sucky today, gonna go be more productive. Hope it moves biggly either way. Wouldn't mind holding cheaper shares over the weekend and hope it resumes its upward trajectory Monday
Thought we would get close to 8 at the very least, then close down some. Not the first time I've been wrong about this one
Not much volativity early on
Might regret not hitting those 7.5's
Back to HOD now 7.61
Lots of consolidation in the 7.35-7.42 range. Good for its next leg
Added at 6.98 whoa this getting crazy
Rockin volume
U called it I bought 2k in the 5.7's. Thanks
Should have loaded but thought I might some 5.2's
Gold went green for a moment
Got that one right didn't ya, I bought some 5.7's
Hoping for a better dip, buy orders at 5.51 & 5.20. also at 4.75 but doubt that one one will fill this AM or even today.
I'm so far upside down in this thing I'm dizzy so I need some of those $4 people were promising. Need to average down biggly