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The S&P has bounced two days in a row for 350 points on "no" news and I just checked the oil chart and it is falling a bit as well with the DXY tipping 95. Lets keep our fingers crossed because as you all know things can change by open tomorrow.
That's right and if it holds through tomorrow morning or even falls more you will be lucky to even touch DUST at where it closed at today. I had a 2.20 out there for 3k shares and missed it by a few pennies at the close. Gold has lost $30 some bucks today alone from early this morning to now. It's funny they know when you want to buy the cheap shares and of course it will get more expensive lol
Correct and as I have been saying the dollar is a key step and as you notice today it bounced very nicely. Typically when the dollar rises gold will be opposite. Not always but most generally when the dollar goes up the gold goes down.
I'm afraid it going to close below 2 bucks today. To many Fed president speeches today pumping this screwed up economy. GDX will burst through 23 lickity split as the day comes to and end. Sorry
Here is a larger view of the dollar that seems many don't pay attention to and I believe is one of the reasons why certain sectors of the market are able to move strong on: http://static.viame.com/public_files/041116-scn/2016/04/11/bbd4f2fdfedcdcd55d4b38026567fbd0/041116-us-dollar-index-large.png The first layer of support at 93.8 was touched today, and so far has held up as a floor. The fact that we're even testing the support level, however, speaks volumes. The bigger line in the sand is still 93.3, and we've seen both of these floors reverse several downtrends in the recent past. One of these times, though, they're not going to be able to do so. Instead, they're going to fail, let the U.S. Dollar Index break below 93.3, and unleash a technical selloff. It wouldn't be crazy to prepare for that possibility now.
I'm sure many are wondering why are the miners on such an upward tear and what is causing them to do so? Almost doesn't make any difference if gold goes up goes down trades sideways the miner stocks keep rolling higher. One has to ask if a sector has poor balance sheets high debt and are generally a bad hedge then what makes them so attractive to all of a sudden melt to the top with hardly any resistance?
Naa this will be below 2 before the day is over. I keep saying watch the dollar. Its getting crushed.
The dollar needs to spike up and Yellen needs to raise the interest rate again then your gold comes down. Watch the almighty dollar!
So ya think there is no manipulation or deception in the market? Look at this: http://theantimedia.org/wells-fargo-1-2-billion-fine/?AID=7236 Try robbing one of these banks for $100 think they will just slap you on the wrist? I know NOT LOL
Not to be a smart ass but zero lol
Tell you what I will put an offer for 2.79 on this turd and I guarantee when it hits it will go lower that way you can get some all time lows. LOL
Oh I know bro. That's what squirreled the market last week. So on that 3/17 date when GDX hit 12.42 our turd DUST hit it's all time low of 2.79.
I can't say how many sessions but what i do know is on 3/17/16 the highs for GDX was $21.42 and the high for ABX was $15.52 and the high closes for those were on 3/16/16 GDX $20.86 and ABX $15.18.
Same old BS oil rallies, stocks go up dollar goes down gold goes up. Rinse and repeat.
Cool beans bro this is where we load up. I not chasin it but willing to pay for the all time low. I can gaurantee you if we get the 2.70's it will go lower never fails lol
Like I have been saying watch the dollar! Crashin like a lead balloon!http://www.bloomberg.com/quote/DXY:CUR
Get ready kids DUST gonna be blowin thru 3 in short order time to load up.
Like I posted a few days ago DON'T touch this turd unless it is under $3 period. Flipping around up and down will burn you.
Seems whenever you buy something the price goes down and whenever you sell the price goes up. Happens most of the time trust me.
Gold will come down but the miners are resilient and will continue up. Don't touch DUST till sub 3's which will be soon before day is over. JMHO
No the fed wants the dollar down.
Well fortunately I am not buying 50k shares.
lol ok whats 3 cents I'll take that as well.
Order in @ 2.79 chances are good that will fill. Yellen crushed the dollar just as she planned.
Now you see how they manipulate the market and get away with it!
I'm still waiting patiently for $3.25
That's because DUST and NUGT are miner etf's which play off GDX and ABX which are both up. Miner stocks go up DUST goes down and NUGT goes up and vice versa. Gold could drop 50 bucks BUT if the miner etf's surge up even if gold goes down then the bull NUGT goes up and the bear DUST goes down.
Waiting for $3.25 patiently.
Wait for gold to top out in the 1280-1290 range along with GDX to top out in the 20.90 range and then load the DUST.
Timberrrrrrrrrrrrrrrrr!
When I invest in miners I want miners to go up if I am holding NUGT and I want miners to go down if I am holding DUST. If I invest in GLD I want GLD to go up.
Not odd one bit! NUGT and DUST are miner etfs. Don't some of you people understand this?? They play of GDX and ABX nit fricken gold. Wake the frick up!
Miners are flying high that's what's going on. Doesn't take a rocket scientist to see this ffs!
NUGT is a miner etf! It follows gdx and abx. I'm so surprised how so many people have no idea what these etfs follow. Even if gold goes up when the miner stocks go down so will NUGT as will DUST go up.
DUST and NUGT are "miner" ETF's! GDX and ABX are up strong that is why DUST is down. Remember when the miner stocks go up NUGT goes up and DUST goes down. When the miner stocks go down NUGT goes down and DUST goes up.
Not really in the fact NUGT and DUST are "miner" ETF's. If you notice GDX and ABX are up strong. When they go up NUGT goes up, when they go down DUST goes up.
The only thing you can count on with FEYE is achieving all time lower lows as they have yet again done this today.
Well there are your 13's onward ho to the 12's. You have to wonder when these crooks are going to clean out the till for what's left of this shell of a pos company now. Just as I suspected after the owner claimed "earnings" were in line that in actuality the losses are even worse. This has nothing to do with the market conditions it is all how these crooks are robbing people blind.
Oh don't worry it will be below 14 very soon and then some. Breaking records with closing lows almost every day.