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Anyone biting on new low today?
On sidelines...
Watching Russia as that is what is moving gold...
I expect pops in gold as the Russia thing heads south...
Putin is in a corner and I think he will send limited troops into Ukraine, eventually, this will make gold pop but it will not be sustained in my opinion...
May buy on dips under $14.50, I think we revist $17.50 again before October... IMO.
I dunno, gold bear not the place to be right now...
Too much sh*t going on the the world.
Set a stop loss to break even, just in case DUST tanks some more...
GLTA
Wow, down 17%! Will a bounce play happen?
Tough day!
It hit my sell on a large chunk of my shares as $17.25, I frowned when I saw it at $17.50...
Still holding a small position, it will break $17.50, just dont know when... interest rates are creeping up a bit.
Wonder if we close above $17?
Looks like downward pressure is building on gold...
Wondering if it will continue downward throughout the week...
This Argentina default may blow up over the weekend...
Brazil is bracing for impact, which will definitely impact US and European markets...
Kinda, thinking I may PU some JNUG prior to close...
Thoughts?
GLTA
This Argentina default may blow up over the weekend...
Brazil is bracing for impact, which will definitely impact US and European markets...
Kinda, thinking I may PU some JNUG prior to close...
GLTA
I dunno about that, gold is heading back to $1300.
Would be nice, but any pop above $17 will be short lived in my opinion..
Dust is going up as the market is heading down, must be tracking miners closely...
Sorry to say this, but I think the market is going to end at a low today based on everything that is going on the Argentina, Russia, EU and Middle East...
Also, it may just be the correction everyone is waiting on...
72 hour cease fire in Middle East...
Less violatile market?
Nice!
Its up to the jobs number, but the Argentina default is gaining more traction right now.
Was DUST following the market or gold? I thought early in the day it was following the market, went up as market tanked, then EOD gold...
I guess we will have my answer tomorrow...
Markets are a vicious cycle, Asian stocks will definitely open lower and cause a lower open on the DOW, pending the job numbers...
Good number may continue to send gold down further, don't know if DUST will follow...
I plan to get out of my DUST position tomorrow, too many uncertainties going into the weekend...
GLTA
Why nervous? You got profit... set a stop loss...
Gold is still pooping...
Gold just took a poop!
Getting close to breaking $42...
Looks like the push down in the market makes DUST pop, but I do not see the miners going to low...
May take some profit today...
I think the Argentina default is weighing on stocks, that will not be resolved until sometime tomorrow.
GLTA
Looking pretty good to me... may touch $17 today, do not think it will stay there...
Tomorrow will be the day to set DUST going up or down for a few weeks...
Seems like the international turmoil is already baked in...
Looks like a slow climb to $20... I hope...
Consensus is that employment numbers will be pretty good tomorrow, but there is always room for a surprise...
Question,
Posted this on other board...
Some of the miners missed the earning expectations after hours,
These index is tied into the performance of Junior miners so obviously any miss by miners may cause a downturn?
Thanks for any input in advance...
Thanks for the article! Good theory, I just dont see gold staying up near the $1300 level for too long...
Had a question, any one here think the earnings for miners will be a positive or negative for this ETF?
I know a few miners are scheduled to announce earnings afterhours?
Gold is going to tank if Fed mentions any timeline for interest rate increase.
With the data out today, it is most likely that they will have a timeline set...
GLTA.
Glad the numbers were pretty good this morning...
Earnings are pretty good so far...
Gold may have a tough time staying above $1300...
New sanctions against Russia may end its participation in Ukraine or backfire...
A long ceasefire seems to be closer in reach in the Mideast.
Wow!
Congrats longs...
Strong dollar coming into play...
Tug of war...
Hope it closes above $16 as it took a few days to break through...
Out! Hit my stop.
I will be baacck! GLTA...
Thanks for the info, but I think world events and the markets will be moving gold, up or down, for the next few weeks....
All good...
GLTU
CNN reports Israeli spokesman on possible cease fire... if true I expect that gold will continue its decline tomorrow or at least not run up any time soon...
Will be a interesting day tomorrow...
Just looked at my account, I would not call a one day increase of 9.71% a bummer...
GLTU, hope the run continues tomorrow, glad it did not reach my stop loss...
Looks like it wants to break up into the close, watching JDST also, same movement.
Physical demand for gold in China at a low...
Gold Drops To Five-Week Low On Weak Chinese DemandFont size: A | A | A
2:16 PM ET 7/24/14 | Dow Jones
By Tatyana Shumsky
NEW YORK--Gold futures fell to a five-week low on Thursday after data showed Chinese demand for physical gold fell during the first half of 2014.
Gold for August delivery, the most active contract, fell $13.90, or 1.1%, to settle at $1,290.80 a troy ounce on the Comex division of the New York Mercantile Exchange. This was the first time gold closed below $1,300 since July 16, and its lowest settlement since June 18.
Gold prices are up 7.3% so far this year, helped by investor demand for a haven amid a slew of crises in eastern Europe and the Middle East.
But prices took a step back on Thursday after the China Gold Association reported a 19% drop in Chinese gold demand during the January to June period. Chinese demand for gold bars fell 62% during the January to June period, while gold coin demand dropped 44%, the trade group said.
"That's huge and it tells you that physical buyers stepped away from this market at these price levels," said Adam Klopfenstein, a senior market strategist with Archer Financial Services in Chicago.
Gold is a popular store of wealth in China, where many investors worry about high inflation. Last year, China became the world's top gold consumer and producer, edging out India for the first time.
The data worried gold traders because it could signal fewer gold purchases down the road as Chinese investors opt to hold other haven assets, Mr. Klopfenstein said.
"China isn't just a major source of demand, it's a major source of future growth in demand," Mr. Klopfenstein added.
Looking at the tea leaves... I agree, will close high $16.00 or $17.00.
Ton of earnings out and to come, market seems to like the results...
May sell a bit if it reaches the mid $17s, rinse and repeat...
Gonna push NASDAQ to a new high tomorrow.
Stocks good place to be for the next few weeks...
GLTA.
Nice earnings, ad revenue is key...
FYI we are heading into another tech bubble, get your tech while you can, don't get greedy take ur profit as what goes up must come down...
GLTA!
Decided to buy on the small dip yesterday afterhours based on the numbers out of China.
Apple will have pretty nice earnings going forward for a long time, IMO...
DUST may trend a bit lower for a day or two, then go up.
Earnings have been holding up market.
Mideast tension will probably subside now that rockets are reaching Int'l Airport. Isreal will give concessions to Palestinians, IMO.
GLTU,
If gold ends lower today, I think the powers that be will be dumping again premarket on Monday...
With everyhthing that is going on in the world, jeez Israel invaded Gaza, gold should be at $1350+...
Have a nice weekend!
I am done staring at the computer...
Saw this too, holding very few shares...
Maybe start of next P--P?