GDX at 29.16 and losing support could test LOD

I think its critical gdx stays here between 28.9-29.4 otherwise more bleeding unless of coarse it shoots past on the upside

not going to brave nugt for a daytrade just hoping the calls I sold at 100 expire worthless on friday

futures and gold down tonight, if holds tommorrow DUST will have a good day

sold nugt @11.99 for $1k profit

good luck man keep us posted I will hold till the go worthless and learn lol

thanks i got 1000 nugt at my 10.9 order. I usually scalp it but the swings are great I am holding it and will get more on a dust pop to 96 or higher

I hope you profit, I have 800 dust usually would just sell here on open pop up to 91-92.5 but I may scale may calls starting at 95 to maximize profit. I think NUGT will trade from 10.5-16 for along time with downside of gdx being 24s

I play both but when in doubt hold Dust. That being said I will buy some NUGT today in 10.9 area and I will try to hold back into 12s

i got 100 pre market at 82.01

200 at 77 @ 75.67

700 shares now not good buy points in hindsight but i am looking good now. I may sell 91-93 may calls and hope i dont get called away then stop loss or even scale out in 90s or sell june 90-100 calls

sorry for my message thanks for replying to original makes it much easy to follow the board

i think gdx could hit 24ish

oh me too I often own dust and nugt at the same time

if I find myself down I just buy more it has always worked out. will buy more dust tommorrow but at this point probably no more nugt untill I see volume. I see GDX choppy with a low of 24ish so lean longer dust.

ha you going to short it? do work man

i got 200 more at 80.68

got 300 dust here at 94.87
hold for tommorrow

Honestly it all depends on where you see the bottom on gold, The miners are going to go down until gold goes up. To me its that simple the minors have been beat but there is no reason to believe in them per say but they will rise some with gold

sold 10.9602 off to work

in 3000 nugt @ 10.8901

sold dust @ 93.78

sold nugt @ 11.52

may look at nugt here shortly have to go in 30 may just call it a day

in dust 200 at 89.07

in nugt 1000 @ 11.34

Awesome!
I am genuinely glad you didn't listen to your own call. It saved you some money

I think he is just watching for a bounce like myself

oops here comes my 5.75 :)

June 22nd 5 dollar calls are paying 1.4 right now

at that price I may gamble

watching here at 5.52 for bounce going for 10k shares if i get in

yeah looks choppy for a bit I have done 2 round trips on dust today made some change would like options but going to be in Kauai for 10 days this month would want to have alot on table when options expire

dust out ah and pre market at 89.07

I have after hrs orders for DUST only worry is that asia markets(have been closed) prop gold up.

should open 3-4% higher

I hate holding either over night but by morning alot of the profit is already cemented.

How do you play DUST / NUGT

I am working on a way to sell one and directly set a buy for the other but my charting isnt the greatest so have been just playing the intradays swings in Price of shares

i got DUST premarket sold right at open did not get nugt at LOD had to get a tag so did not pull trigger on 11.4s just incase it went further down after talk

i sold After market yesterday looking again here for intraday near LOD

busy morning got dust at 86.50 and 87.47 pre market 300 shares sold all market at 90.76 on open

home for a bit looking at nugt and dust for scalps

I did not fair as well getting a 1000 yesterday @ 12.5 near EOD then did not pop so I held overnight got more at 11.42 went to work saw 12.94 EOD so sold after hrs all shares wait till AM and do it again

whats your short term play?

being DUST is up 8% today

Risk tolerance must be high with this one!

selloff is due but could hit 5.75 before we see any move

what did you buy at ?

hilariously bad trading by me this am got 4k nugt at 12.53 put in another order for 6 k at 12.10 didnt hit had to go to work so just put sell in at 12.6
made ~350 but man crap trading by me

Bingo You get the leveraged etf without the miners.

Anyone here play UGLD or UGL ?

Its natural to want success instead of hoping a sector falters(although i plan on shorting market in may) so I hope gdx benefits from a gold boost. I just see choppy movement up or down for a while. I will try to make money owning both etfs at the same time preferably with intraday swing/scalp trades