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26 million shares on close GDX holy sheet! That's some serious jack!!
Frankly if you can't beat em join em. I went ahead and picked some up. GDX has been just to darn resilient to overlook. Maybe I can make some from there to help pay for the loses in the DUST pig.
GDX will close above 23 and DUST will close below 2.00. Be ready tomorrow to pick up DUST at around 1.50-1.60.
Doesn't make any difference if the miner stocks have bad earnings they still keep going up up and away. DUST now ehading towards the 1.85-1.90. Can hardly wait until tomorrow we should see this POS at or below 1.50.
See told you it would go below 2. ABX on a tear with shit earnings and DUST going down the crapper.
Hope you are right but as you know anything can happen and change on a dime and in a split second. Like I always say "assume nothing and expect everything".
Trust me bro I know exactly what these etfs follow. I been buying and selling NUGT and DUST for years.
DUST will be sub 2's shortly sit tight. Gold will bang over 1250 before it over today.
Ok so ABX has bad earnings and yet the stock goes up? Really? Crap most stocks I ever see have bad earnings they dive like a rock. Am I missing something here? This is utter BS at it's best.
It's typical BS bro. With that dollar taking a nose dive gold will soar and DUST will go to all time lows today. The market already knows there will not be any rate hike. Unless you are looking to pick up some cheap shares of DUST then the best bet it to walk away from this train wreck. Plain waste of time.
Right and if you notice even though ABX had bad earnings and even if it falls for whatever reason DUST seems to go down regardless.
Just like the FED wants to do sink the dollar and by these actions I can guarantee they NOT raising rates tomorrow ain't gonna happen. They want to destroy the dollar.
I seriously doubt the FED is going to raise rates this go around.
I'd have to say yes because you won't lose. GDX is the play NOT this POS DUST. DUST is a loser plain and simple. It can't even get to 2 ffs.
It doesn't make any difference what the news is the miners are resilient as they again keep melting up. DUST can't get out of it's shadow.
Right and if you look just in the past 40 mins it spiked from 1244 to 1251 on the click of a finger.
Yea typical BS gold drops in after hours then by tomorrow will be back up.
Not yet the day not over.
Not today they ain't. ABX keeps breaking it's year high. They relentless!
It's a no win situation today. Gold down off the spike the dollar going up yet the miners keep melting up up and away.
Well it is ABX's turn today to have record highs.
Sit tight gold just dropped.
Yep and I am looking for new all time lows maybe to the mid 1's. Look for gold to top around the 1275-80 range.
Newmont mining didn't make as much as this time last year. http://www.nasdaq.com/article/newmont-mining-corp-q1-earnings-retreat-21-20160420-01238
Recently if you have noticed gold trades lower after hours then miraculously at open it trends up. I am suspecting that gold will probably go lower tomorrow with a dollar recovery to the mid 94's at which DUST in all probability will at least do a dead cat bounce. If that large GDX sale at close for 835k is the beginining of the correction for GDX then it could be the trigger for a retrace in DUST. I had in the back of my mind a correction for today but it appears it may have started at close. If that is the correct assumption then I was off by a day for the correction that the miners will end up having. JMHO and I sure hope i am right.
That's 19million dollars holy crap!
835k sell at close on GDX
I think it just started. Did you see that 835k sell at close?
Like I have been saying all along. DXY is a main ingredient for how DUST and NUGT play out. The Fed is the main enemey they will do whatever it takes to crucify the dollar count on it.
The point is most generally when you buy anything it goes down and when you sell anything it goes up. As far as this pos DUST it has in fact and is having its all time lows.
Well for one the dollar is getting crushed. As a result gold is soaring.
LOL yea maybe for today we have the all time low but the problem is tomorrow it will be even lower. Remember whatever you buy something for it will sure go lower and whatever you sell for will sure go higher.
Yea well you can count today a losing day and this pig will be in the mid 1's before it is all said and done.
Right who knows. What I do know is whatever you buy for it will go down and whatever you sell for will go up.
The conspiracy theorists may have been right...
Deutsche Bank just agreed to settle two lawsuits that alleged the German bank illegally conspired to manipulate gold and silver prices at the expense of investors.
The plaintiffs accused Deutsche Bank of conspiring with Bank of Nova Scotia, Barclays, HSBC, and Societe Generale to manipulate prices of gold, gold futures and options, and gold derivatives.
They also accused Deutsche Bank, HSBC, and Scotiabank of a similar conspiracy of manipulating roughly $30 billion of silver and silver financial instruments annually.
The terms of the settlement were not disclosed. But it will include a monetary payment to the plaintiff.
Of course, settlement is not definitive proof that Deutsche Bank did, in fact, conspire to manipulate gold and silver prices. However, I think we can assume that if the German bank had nothing to hide, there would have been no settlement.
And as I mentioned to you the other day, it does make sense for a bank like Deutsche to want to manipulate gold and silver prices.
That's because — in addition to directly profiting from short-term trading — gold and silver are in direct competition with these banks' products: fiat-currencies and other related instruments.
DUST didn't go down because of the RS news. It went down regardless because the dollar fell and the miners went up. Look what happened when NUGT reversed. I know because I had it then. I bought some for 1.80 it reversed to 18.00 and look where it went to from there......like $86 and change.
I look to see this fall back to the 2-2.05 range today. Gold is to hot as the dollar is falling= bad news for DUST. Was a good dead cat bounce but unfortunately the party over today.
Absolutely correct as DUST is diving today.
That's right and DUST still has a gap to fill back to the 20's.
Excellent that is the number I had figured on and that's why I had the offer out there at the end of the day. Its a fools errand to try and pick a top or bottom but if we get in there within a quarter that is fine and dandy for me. I'm cocked and loaded for first thing tomorrow morning and if it is possible I will pull the trigger one way or the other. We will see.