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I'm looking at the vixcentral chart. Can someone explain what does it mean? if the blue line is under the green vix dash line does it mean that vix is in backwardation or contango?
Good thing I got stopped yesterday
This is insane...how long can Nat gas keep this up without a pullback...
What a scary day for me. Down a bit, but I think reversal is confirmed when Nat gas touched the resistance twice and didn't go thru.
So I guess $4.44 is the top for nat gas. Going to buy Dgaz and hold it for a few days
Tomorrow will be interesting to watch.
Looks like they r going to bring silver below $19 and trigger all the stop losses.
I'm going to wait for 30
Lost so much money. (50%)
And u have internet connection to post ur comment...
Sigh...pain....
Going to hold one more day. Bottom should be near.
I know china is buying gold. But nugt doesn't just depend on gold. And there is manipulation also.
Lol, it will take a miracle for nugt to go to $100.
How much lower can gold and silver go...
Damn....this is not going as I hope.
U have to consider price of oil too.
Bounce time
I really don't know what to buy right now.
For the taper news?
When is next fed taper news?
just wait for it to bounce up a bit. It might go even lower.
Based on the weekly chart, silver might go to the 18s.
Ah, blood on the street.
That scenario is only possible if silver drops 23% in one day. But if silver drops slowly over a certain period of time, it doesn't need to drop 23% for uslv to drop 70%.
If the fed is desperated to pump the dollars back up we might see 20s. But that is unlikely especially Nov is coming and Dec is around the corner.
This is going down back into the 50s
Ha, it is a shakeout.
Could be a systematic shakeout. But who knows. I bet tons of ppl r get roasted right now.
Sitting o the sideline is the best strategy right now. Unless u know something.
Who knows, of they say no taper gold might go up to the $1380s.
sigh...sold dust too early at a loss.
I don't think there will be taper either. But, on the safe side I'll step out before wed.
If you look at all the gold miner related charts, they are all about to go in the reverse direction. Just my thought.
Imo, nugt will go down tomorrow. Ppl will take profit before weekend and I think oil is going to bounce back up a bit.
Damn, got greedy thinking it will go to $28. Now I can't even sell at $26.5...hope tomorrow will go up again.
Well, after I read some of ur posts. I apparently don't know sh*t about this pos etf. But, do u think this will go to $27 this week or next?
I just need this to go to $27 so I can get out with a little profit. Based on today's action, I think $27 is achievable before the start of November before contango kicks in.
Will this thing bounces back to $30 this week?
I'm in uvxy now, was in red the whole day and now I'm up $10...