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I hate to say it folks but 1200 is not far away. Don't shoot me I just the messenger. So glad I sold @ 11.60.
.........and gold drops like a rock to 1266? Really?
I have no reason to be mad at booking a 12K profit. Trust me on this. Whenever something runs for 10 days green NEVER hesitate taking the prize, for if you don't somebody else will.
Yup I have positions in the dark side and just doubled them. GLTY
Agreed I sold all shares @ 11.50. Too much BS. You have to figure if the "mother of all bombs" didn't make the gold go up nothing will. This puppy is gonna drop like a rock.
So we drop a bomb and NUGT and gold go down. Really? This is some BS!
The key here is that the way gold has run almost to 1300 the miners have NOT been going along as they should be. What we have here is NOT technical but geopolitical. When Trump slammed the buck, late yesterday afternoon, that was the fuel thrown on the Korea hype that bumped gold. The media is playing the Korea card to the "T". People have to understand that they will fire some kind of missal or missals. It is their way of doing celebrations and the big celebration is the birthday anniversary of their beloved dick(tator). The real issue is if any of those missals fired off are nuclear test missals.
Yup here is the violent move down. The party is over down it will go as GDX will in fact test the 24.
It will be more than that. Remember since 2/8/17 you have to remember there is some decay involved. I truly won't be surprised if that whacko in Korea gets Trump going and pushes him to push the button. IF that does happen look out.
Hope you are right! That has been my target.
Nothing interesting with something tanking. Use this as a lesson.
Gold tanks 15 bucks and the dollar is flying with the eagles. Remember that meeting Trump is having? Must have be good.
Them bear traps are nasty devils lol.
Not really it's NUGT. It will bust down below 9.50 before it is over trust me.
Party is over back down below 9.80 it will go.
That meeting with Trump and China prez.
Well so much for that excitement the dollar just took flight.
Count on it this has been my target!
Payrolls were horrible!
Hope ya'll held your gold. The missiles have been launched on Syria.
Another BS close flash n fade.
Bottom line is if it goes bad gold will shoot up if it goes good the dollar will take flight and gold will go down.
Right however last month was revised lower by 53k so when looking at total picture it shouldn't mean that much.
The $1265 level in the June contract continues to be “line in the sand” resistance which traders have been zeroing in on dating back to last July’s highs. We feel comfortable being short against this level with risk/reward strongly in the bear camp’s corner. As long as gold remains below $1265 the door is open to substantial downside potential. A convincing close above $1265 is an easy tap out spot for the bears, and a spot to consider flipping long that would confirm a bullish breakout. The first key support comes in at $1238. A close below $1223 should trigger the next major wave of selling pressure.
The “fenced in” structure around being short gold from the $1255-$1265 level is an ideal set up from a risk/reward perspective. Risk on the trade couldn’t be more clearly defined and the downside reward is easily justifiable.
What BS close that was!
You never know. Stay committed and hang tight!
Hope you are right!
Happy Birthday!
The bad part is that as gold falls NUGT/GDX will fall even harder and that is exactly what it is doing. I look to see NUGT close in the 8's today.
Dollar just took flight and market is going higher look out below we gonna get slammed again.
Nope sorry this gonna drop like a lead balloon. GDX has hit resistance too many times and can't get through it. Only thing now is for NUGT/GDX to go down.
Hope you right.
I hear ya I was thinking the same thing. There are days when the same guy will speak twice. Like we need more fed reserve bank presidents tell us the sky is falling and why. Really? Lets have a Q&A session and explain how when we reach our credit card limits all we have to do is fire up the printing press and everything will be fine lol.
Actually when the market realizes what happened they will realize it was best not to vote at all and let that health plan crash and burn on its own and as Trump said " Peloski and the democrats own it don't blame me". The government has more important things to worry about as in raising the debt ceiling which won't happen until after the August recess if they are lucky.
Market gonna sell off hard. That bill hasn't a prayer. Watch gold shoot up and NUGT. JMHO
Hope some of the newbies learned a lesson. All they did was try to shake some scared hands out of their shares. Watch it come back to days highs.
Yup just like I pointed out yesterday. The buck not gonna save it.
Another bullshit close.
I hear you bro but it not going to save us. The market is coming back and so is the buck. NUGT and GDX will drop like a lead balloon trust me.
Yes she is beat down it will now tumble sorry to say.