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Actually it needs to get to 16 and hold first.
Fed Chair Speech
Released On 12/6/2018 6:45:00 PM For 12/6/2018 6:45:00 PM
Description
Federal Reserve Bank Chairman Jerome Powell to deliver brief welcoming remarks at the Housing Assistance Council's Rural Housing Conference in Washington, DC.
When it goes back to the 30's it will be real all right. Real bad and you will be asking yourself why did you ride this down to nothing. Face it, it is junk all hype nothing to sell but pipes.
Right but as you look at the last month the drops are in 1% 2% 3% increments. Not a circuit breaker kind of drop all at one time. Bottom line is whether it is in small increments or on large one it still ends up the same..........Lead balloon city. In the olden days any drops big or small gold would move way more than today.
I know remember when I said I would not be surprised if market fell 800-1000 points? Dam I was wrong lol it fell 800 Tues and today another 600 for grand total of 1400 drop. Major crash mode and I don't see a bottom. This not good.
I know unbelievable isn't it?
Hmmmmmm imagine that it has hit -800 will it go further?
Market back in crash mode yikes. It pushing 600 pts down. Will it go down even more? Actually I would not be a bit surprised to see it tank 800-1000 points.
As a song John Mellencamp sang......and the walls come tumblin down again! So much for the tariff cease fire eh? They ain't buyin it. UK all screwed up and the dollar back with the eagles soaring away.
Yea and interesting the head fed talking tomorrow and the market will be closed. I have never seen the market closed because of a presidential burial. Rules can be changed for anything anytime...........just like gold.
It will hit support 1200 just have to be patient. Just like with NUGT when it goes below 12 into the 11's then buy it. Then don't be afraid to "ride" it. If you are a nervous nelly then don't waste your time.
Yea switch to oil get out of miners they royally suck big time lol
Just the Fed Chair is speaking.
Fed Chair Speech
Released On 11/28/2018 12:00:00 PM For 11/28/2018 12:00:00 PM
Description
Federal Reserve Chairman Jerome Powell to deliver speech on "The Federal Reserve's Framework for Monitoring Financial Stability" at the Economic Club of New York, in New York, New York. The speech will be broadcast live at https://www.facebook.com/econclubny/
Um Fed not speaking tomorrow. Hello?
Don't mess with it until it gets in the 11's.
Support is more like 1200 and that is where it is going. Have patience lol
Yep and the NUGT 11's look even better to happen, as I suggested last week, is where to buy this pos.
Good luck as it is dropping like a lead balloon. So glad I got out of this crap at 16.85. I wouldn't look at NUGT again until it gets back to the 11.80 range. JMHO
Yup and NUGT 13's will be here shortly.
Except if you rode it a bit longer regardless of holding a day or two when I say ride it I mean ride it. I don't care what the market is doing or what it didn't do or will do. Now if you had held till today and sold at 14.57 and paid 11.75 on 10k shares do the math. 27k is a tidy sum IF you rode it. That's all I am saying.
Or I wait till NUGT is in the 11 range and play long like I did last time.
If I think NUGT is a good short I typically play DUST.
Remember I said ride it baby? I had similar positions in NUGT a few weeks ago and rode it out to pull my arse out of this mess. Oh well like they say hind sight is always 20 20.
I did a few trades at this price few weeks ago. I didn't sell till it hit 16.85. You in at good price ride it baby.
The way this thing has been running I would not be one bit surprised it dives further. This a full blown "free lead balloon ride" if I ever saw one. As I said before, as long as the buck is riding up gold will go down. End of story. It's been a few years since the dollar has been at these heights. December 23, 2016 the buck was at the 103 level. We gonna reach it again and soon?
Yea it's a like a reverse mirror. Can't say I ever saw that one either.
Ya think? My "feasible" 1200 gold hit but the 64k dollar question now is? Does gold break down below 1200 and humpty dumpty fall off the wall? Indeed don't be surprised if it does. Market is in the crash mode again and the almighty buck is breaking new records. JMHO
Hmmm looks like this is ringing true.
Hmmmmmmmm NUGT 12's. Who would have known? lol
Last time the dollar was over 97 was Halloween and now looky. Will it bust through 97 again? Until the dollar busts down, looks to me 1200 gold is very feasible. As for oil we already know that is going down. Go look at your pumps. With the Saudis ramping up production and the sanctions on Iran allowing them to sell to other countries do the math.
Free lead balloon rides are now being offered for gold. The rest of the sector will follow as for bull ETF's. The rate this is going I know NUGT will be easily in the 12's and now I will not be surprised it will hit the 11's. Gold is on a path of hitting 1200.
Will be a prime buying opportunity. I will not be surprised to see NUGT in the 12's. I actually am looking forward to when that happens.
Yup same story just different as#hole.
Sit tight kids NUGT be in the 13's shortly.
I believe you are correct. Gold is diving as I speak. The minor sector is one of the worst places to put your money. JMHO
Yea I sold my 11.75's for 16.85 a few weeks ago.
Don't mess with it until it gets in upper 11's lower 12's. JMHO
Yup like the saying goes "you don't go broke when you have a profit".
Don't worry NUGT will tumble back to the 13's.
Yea I sold mine a few weeks back @16.85 with NUGT. Now taking the money and pay the Vette off.