Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I bought back week ago @ $11.96 when gold was much lower and I'm ~6% down. I don't know what's going on and I don't like it.
I really, really, really don't like this setup. Gold is high on RSI, S&P even higher, and GDX selling. I don't even want to think what'll happen when retreats $10-$20.
I have no words. What a POS.
Pure bullshit. I haven't flipped one time this week because I kept telling myself "this time it's gonna soar". Nope!
I've been watching gold and miners daily for over a year and a half now and I've seen many cases of GDX going down or stalling with plummeting market while gold soared.
This is the first time when I see both market and gold up but GDX down so I have no explanation.
He's right. I've already given a few examples in the past when gold had been going up and miners down with the market. Just check the charts.
Thanks for the article but the points given there are contrary to what we see now. For the past few weeks market has been rallying and is even higher than it was last week yet GDX is lower. This is different than GDX underperformance in a plummeting market.
I agree. If GDX doesn't explode today then I simply don't know what's going on.
GDX RSI just above 50, XAU/USD RSI just below 70. Go figure.
Good I have most of my funds in UGLD, which gained 2.78% vs 0.69% in NUGT, lol.
I absolutely believed today we climb above $13. Oh well.
USD is probably walking down the 2nd shoulder. $15 NUGT end of February would be nice.
I love all of those "NUGT going to $5!" and "$11s are gone, kid!" claims taken out of nowhere. Makes me smile.
Yesterday was a loading zone. I'd love to see USD falling like a knife right now.
I did but in gold and not the amount I could've made here this month. I'm learning to trade NG so far. It keeps surprising me.
You were 100% spot on last few weeks. Kudos!
I'm waiting for Marine Le Pen to win the presidential elections in France. Gold will be going up vertically.
I said I don't listen to "analyses" made by companies selling gold not any analysis. If you don't see logic in that then...
Haha, I'm not a ruler of this board so I can't say what's welcome and what not. You responded to my post so I felt obliged to answer. I only speak for myself: I don't read such "news", it's mostly noise.
There's nothing in that article that anyone on this board doesn't know already. I don't really read "analyses" from people/companies who sell gold.
European indexes going down so this seems to be a 'flight to safety'. Gold going higher along with USD. This is very good for us!
I'm not selling unless NUGT goes bonkers and reaches an absurd high.
Here's what I said almost a month ago. 100% right:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128002234
OK, 90% right as dollar bounced from a lower level.
Probably in a few minutes but I'd be surprised to see $11.x again.
DXY has broken down the lower bound of its channel that started at the beginning of February. Let's hope it closes there today. Should be a decent day here.
It's always good for a discussion when there are different opinions so I value your posts. The only crazy people I can see are those who scream "BUY!" or "SELL!" no matter what. And there are a few of them here ;)
I also don't think anyone said that but many people act as if that was true. I looked at the reported data yesterday and it for me it's understandable why it wasn't the best day for gold miners in history:
https://investing.com/economic-calendar/
Are you in NUGT already or waiting? Good luck!
You're absolutely right and I wish more people realize GDX to gold is not 1:1.
Soros and Druckenmiller dumped gold in Q4 2016 which is what everybody should've done then (October/November). Do we know when the bought back in? I bet next time we'll hear they loaded in Q1 2017 ;)
Two other FOMC members speaking. I guess when they finish it's "risk-off" and NUGT goes higher. We'll see.
Thanks, I was waiting for anything below $12 and luckily I bought at today's bottom (so far). I thought we may even go lower but I didn't want to be penny-wise dollar-stupid as with my $24 DUST order. I was right and so today is my lucky day :)
Yes, and Yellen again. We also have earnings tomorrow so I will stick with my $11.96. Citing myself:
Earnings calendar:
ABX.TO - Feb 15
NEM - Feb 21
GG - Feb 15
NCMGF.AX - Feb 14
FNV.TO - Mar 22
AEM.TO - Feb 15
SLW.TO - Mar 21
GOLD.L - Feb 6
KGC.TO - Feb 15
First three account for more than 25% of GDX assets.
2 another FOMC members speaking in a few minutes. I'm curious whether they'll have any impact on USD after Yellen.
It may even go lower but I don't care now. It's going up eventually. I'm 100% back in.
RDP stop private messaging me or I'll block you. I said I'll load $11 before it happend and I did. What's the point of screenshoting my order, which I can fake anyway?
Expected. My $11 are coming :)
RDP: I can't respond to priv. I was also loading in December but I'm day trading NUGT so I care about she says. So far I'm ~30% ahead than if I just bought and hold.
Looking at the chart now, I do care.
Yellen speaks today and tomorrow at the same time. Why does she need two separate conferences? Or maybe my calendar is borken?