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Got some at .0008. I'll probably regret it, but we'll see. No risk, no reward.
Welp, this sure did turn into a dead-in-the-water stinker.
I expect single digits soon as it continues to wear out the patience.
I've heard that word used a lot in conjunction with precious metals.
'Should.'
The time to add was yesterday. Gold and silver taking a beating overnight.
Except CMKX was naked shorted to the tune of 700 billion shares and this ... well who knows...
Gold is breaking through some support levels tonight.
Could be a red day here tomorrow--and a buying opp.
No--selling off hard AH.
You sure? It is down over four bucks and still going down.
$14.50. As I predicted. This seems to be a hype killer--something is wrong for it to pull back this much. But it might be a good place for a nibble.
This wants to see $14.50 or so--that may be the range to snag a few shares.
DIVE DIVE DIVE! LOL
Crashing now.
Just broke $15, we could see mid $14s in a flash.
Sell green; buy red--deep red today.
"... the longer you hold a Leveraged or Inverse ETF, the greater your potential loss. "
This is exactly right.
It's why I always take whatever UVXY gives me ASAP.
That pullback isn't lasting long--at least, so far.
It needs a pullback--few stocks go straight up day after day.
If it doesn't get banked, the money gets yanked.
At least, that's what happens here if one doesn't take profits when available.
Short back to $6?
I timed it right again this time. It won't go to my head--I realize a lot of this, despite any technicals, is simply guesswork and luck.
They want to keep their game going as long as they can and Powell said they had plenty of 'tools' left to fiddle with the economy.
They don't. Permanent zero interest rates won't cut it. They will have to trot out negative rates eventually in order to keep their game going. Can you imagine what would happen if they raised rates? The economy would implode even more due to the massive build up of debt. Raising rates is no longer one of their tools. Just lowering rates.
It's time to end the Fed. It should never have been allowed to get started in the first place.
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The Fed will also for the first time present its economic and interest rate forecasts for 2023. That forecast is expected to show the central bank will be keeping interest rates at zero for years.
Due for a pull back.
It was a weird day--up and down faster than kangaroos in their mating season.
Flippers are never gone. Like in "What About Bob," ...you think they're gone? They're NEVER gone!
In here at $19.50.
Buy red, sell green.
Robust move today, lol
Buy teens, sell 20s.
Down another $6 and still way overvalued.
I agree with you about the lower entry, but not the chaser if it gaps up.
These ETFs aren't as good on Fridays...I especially don't like holding over the weekend.
Options are particularly bad with precious metals. I avoid options. Trading regular stocks is difficult enough.
That does look good.
"Gravestone doji candle"....ha ha, that kind of jargon always cracks me up.
I agree. Working out for me so far. The key is never to get greedy and take what this might give you.
That's devastating, but it doesn't take much to send this hot mess into the trash can.
Picked up a little around $22. Any reverse split be damned!
Great short covering rally into the close.
Oh wait. No--the sell off continues. Down nearly eight bucks despite a minty green market.
Closing near a beaten down low means nobody wants this trash. The shorts remain in command. This will see the low $30s by week's end. TSLA repeatedly burned their shorts, but this isn't TSLA. There is no reckless, dope smoking Elon Musk, the darling of the globalists who wants to plant chips in the brains of the citizen sheeple.
Nikola shares a namesake with Tesla and that's about it.
Going to $40.
Very nice payout into the close.
Why the pop--any news here?
Nobody wants to hold this over a long holiday weekend--including me. One thing about UVXY--if you have any green you must take it--or lose it. This is a lesson hammered home time after time.
I've followed UVXY for years...I've won and lost on it. I follow all trends and charts and I can honestly say this: I sold it today and made money, but it was pure luck. LOL
Have a good holiday weekend. We'll try again next week.
Glad to hear you made money. Not always easy with UVXY.
I'm sensing a sea change here, though. I will hold because the Fed should have already stepped in and backstopped the markets, and for a long while the big name stocks seemed as if they were only allowed to be green.
I'm wondering if the Illuminati/Fed/Central Bankers want to crash the markets ahead of the election in order to damage Trump's chances.
Trump loves to brag about the stock market going up, but it's not based on any sound economic issues. The economy has been badly damaged. The biggest beneficiaries of the rising market have been the top 1 percent, who own a disproportionate amount of stocks. In other words, Trump is bragging about helping mega billionaires becoming mega mega billionaires. The Fed's money pump has not benefitted the poor or middle class, who are jobless and hurting.
The mega rich can't stand to lose money, so they've either gone short or this downside event is just a blip and the QEs will again resume soon. In which case, you were smart to sell.
Just my 2 cents.
Now $30. I chased at $27 and was mad at myself for doing it. LOL