Might not go "straight" up but sure as hell goes "straight" DOWN like a rock.

Ok so usually when the market tanks gold goes up.........not today they tanking the whole dam thing..........so much BS!

Now they will slam it down last hour same story same BS.

Funny and as I was typing that it goes to new HOD gotta love it.

True but when it goes down it goes "straight" down lol. Even with gold going up NUGT still is not riding the wave percentage wise as it should be but hey at least it is trying to go up since we took such a beating after the 2/15 day.

Well the "slam" is upon us just like we all knew would happen. Back down she goes. Pure BS.

Timber the market is in crash mode as I suspected from previous post. Again this is one screwed up market and very treacherous.

Seems market is leery of new Fed chief Powell and will drop like a lead balloon when he takes the mic. This dude is a market killer.

Nightridertwou Tuesday, 02/27/18 10:03:27 AM
Re: THall post# 39093 0
Post #
39094
of 39140 Go
Yup this is crashing and burning down to the 21's we go for NUGT.

Well having Powell speak twice today and rant about raising rates all day didn't help matters. At least 20 states are suing the US government to get rid of Obama care for good so maybe that will bounce the markets come tomorrow. Who knows all we have here is a gigantic casino. Very dangerous market place. The market could crash like a few weeks back again who knows. Take your profits if you can and sideline till the sharks in the water go away. JMHO

Yup this is crashing and burning down to the 21's we go for NUGT.

Exactly correct and that is the way I have traded these two for many years.

I'm talking about NUGT bro.

I can believe the north target of 32 but the south target of 12 is hard to believe.

My initial purchases last Fri were at $22.50 on 5k shares. Wish all weeks were like that.

Exactly right. I buy in portions and sell in portions. I sold 15% @ $29.00 and held 85% for next leg up. You have to book some kind of a profit on a day like this.

True anything can happen but as to how today has run so far the possibility is most definitely there, but as you say if the games start playing then no. Today is the best NUGT has done since first of this month.

If that buck drops below 89 NUGT will run even stronger maybe tip 29.50-29.60. Gold would tip around 1360.00.

I know, gold is up dollar down, oil down market up and NUGT down. Really? This some boolsheet.

It did but watch it go back down.....as usual.

Hit 101,758,287 mighty strong! As for NUGT I am holding onto it for a while. Average in 23.25. I have my futures GTC 46.46. Amazing how market rallied back some 800 points from the low. This the most action I have seen since 2008 lol. We having fun yet?

Now gold is shooting up as market is diving and NUGT dives unreal.

Remember I said records are made to be broken?

Scaling in as you should do lol. Picked some 23.20's.

Picked up some 23.65's I knew it.

I believe it will hit in the 23's before 40. Market is in a correction mode and could go from 10% to 20%. Until the hedge funds cover all their margin calls it will still be a very volatile market. They either pony up the cash or sell stocks and that is what is happening. Panic city U.S.A. The DOW has lost dam near 2800 points in five days. Really? Once it is over there will be all kinds of good companies to get stock deals on and you will hope you cash in on them. Be patient be nimble cash is king. JMHO

I agree and records are made to be broken. Will blow through NUGT yearly low of 23.96 with ease.

Waiting patiently for my 24.00. Truck backed up ready.

Gold 1300

Hopefully you are right. I just put that out there just in case some novice investors think they will be millionaires on a pipe dream over night. I would rather see them approve it even if it is delayed than to delay making a decision on an approval down the road. The longer they wait the odds are in favor of no approval.

The bottom line is it has to be passed period. If not then no matter what deals they have it is worthless. Just like when the drug companies are trying to get a new drug approved. Up until they say yes or no they run up in anticipation BUT if they don't get the approval they tank.

I'm thinking gold will fall a bit lower like 1300. If and when that happens then NUGT gets loaded again.

Ouch! Wait a little longer. In the area of 24-25 loader her up. Just fyi 23.96 is the low so far in the past 12 months.

True but it could even go lower than a buck.

I said it will hit a buck and that is where I am with my offer. Just be patient it will hit. JMHO

Yup I will wait for the continued panic to bring it down to around a buck and load back up.

I'm just going to wait till it is back around a buck. I must say it was a classic bull trap nice job.

Absolutely agree WB!

We all know you mean 1340 lol

Good find! Just proof enough that we already knew. The banks are a bunch of crooks.