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Also, that move NUGT went from 52 down to 29.52 and then was back over 39 in 9 days and over 46 in a month. Illustrating why it's so hard to sell despite having my ever-loving ass handed to me on a silver platter day-in and day-out.
Yes it did. I'm in a denial phase. This is my second worst trade this year.
LOL, I don't even have half an egg in this basket :). Enough to have a decent profit or a painful loss but nothing that would bankrupt me.
DXY above 95, gold at support. Time of truth.
Could it be...?
Can't blame ya for being emotional :). I just hope they're stretching the rubber band for a better effect.
This is probably not worth watching until Wednesday.
I think I've read somewhere that Fed wants to hold a press conference every time now but maybe I'm wrong.
EDIT: Ah, here it is: https://www.bloomberg.com/news/articles/2018-06-13/powell-to-hold-press-conferences-at-every-fomc-meeting-next-year
So it's every FOMC meeting but starting next year.
Yeah, but they won't raise rates this Wednesday, just a press conference. Expect shenanigans next few days :)
Haha, that's what I did. Came back now and I see I haven't missed anything. SNAFU
There's something wrong with the time scale on that chart :). But yeah, I hold my shares only because of that trendline.
Juniors outperforming again. Good I switched.
Lots of companies with disappointing earnings and outlooks. Facebook down 20% (sic!) AH. Soon Amazon and Apple. Are we going to see flight to safety?
I'm far from holding a parade yet :). Not before spot gold climbs nicely above $1240.
I hope that today's deal with EU is going to facilitate correction on DXY. We had a mini bounce today in miners with juniors performing a little bit better. Still, I'm 11% red on this thing but at least I see some light at the end of the tunnel...
LMAO, this is the first time Trump's mouth is saving my ass. Now, please close DXY below 95.
$1210 is my ultimate low in gold. If that breaks I give up.
Hah! I came here to write exactly about that. And time is running up for gold and miners :/
Same for the gold chart...
The good news for me is that DXY is going to close below 95 and spot gold above $1240. That's all I care for now.
DXY above 95. Not good.
You're right but I was scared I'll have to chase when I saw this nice green candle in gold. Turns out I should've waited but as long as this doesn't break down I should be fine.
Back in NUGT $25.85. I hope this is not another bull trap.
Juniors don't care, +2,3% today. I sold too early. I hope they'll pull back before gold continues its path to glory ;)
Yep, it looks like we're in a good place to see a few weeks of ascending gold but the problem is that there're not many fundamental reasons for USD to go down. Quite the opposite :(
Anyone expects miners to go much higher today?
Well, it bounced $15 from $1240... and 7% from NUGT/JNUG already in my pocket ;)
One starts to regret we have an early close today ;)
BTW It seems you've planned your vacation perfectly to get back trading the miners!
Heh, I posted this chart in January noting "let's be careful":
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137733005
...and here's the same chart 6 months later:
$1200 is the ultimate low near-term (real breakout re-test). If it gets there I'm loading the boat as mad.
You're talking GC or spot? I always refer to spot and a trendline going from 2016 low through 2017 low crosses ~$1240 right now. Please post a chart if you see it differently.
I'm already in miners anyway. I was caught in a bull trap two weeks ago but was able to flip it in the meantime so that I'm about even ATM.
$1240 is in. Here's the moment of truth.