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Sell off intensifying AH. The markets were red, but UVXY got redder. LOL
Very disappointing day--not touching this crap for a while. JNUG has too much decay.
Gold rush imminent!
Been reading stories such as this for the past 10 years, yet 'they' are able to continuously pile up debt while kicking the can down the road and keeping the lid on gold through massive price rigging.
https://www.shtfplan.com/headline-news/a-global-gold-rush-is-imminent_10132019
JNUG wants to go down with market sell offs, but not up on market bull rushes. It will race down when gold goes down, but often it's reluctant to follow gold up.
Charts? Forget about charts in these days of constant QEs, hyper-fast computer trading and market rigging.
I'm still holding until Monday. The market move was BS based on a slight hope of a China trade deal. The gold whack job today was also overdone and BS. The Fed continues to send a flood of billions daily to their central bankers. Theft on an unprecedented scale. More and more money created out of thin air, but they can't create gold out of thin air!
I expect a bounce on Monday.
Now the markets run according to China news.
Progress on trade? Euphoric new highs!
No progress on trade? Down 200.
Got back on the horse and bought some on the dip. Gotta have tight stops these days, though.
Bottom could be a few cents.
Now JNUG wants to go like a racehorse toward the green. Fine--I give up for now...markets are too choppy.
Now that I'm in the market wants to go to the moon. LOL
Switched to JDST on the open. Doing OK so far.
It's a guessing game with this junk, though.
Just bought some here...more if it drops more. We'll see.
Futures crashing...no progress on China trade talks.
Futures crashing
Futures Crash After US-China Make "No Progress" On Trade Talks; China Delegation To Depart One Day Early: SCMP
The market is up. Gold is up.
JNUG is DOWN.
Go figure...
Heading for a reverse split, then they'll start the scam anew.
For those able to time these swings, easy money can be made.
No corner here--just a cliff and it continues to fall.
Yeah this is giving away yesterday's gains.
Nice pop into the close...looking good!
'New' management? How long have they been 'new?' Three or four years?
Like clockwork.
Bonz merger--a non event and meaningless.
"They wouldn't do this for no reason"
Their reason is to create hype and buzz to dump shares.
"Everyone wants in on the act!"
No they don't--it's low volume and dead.
"Gold prices at a 5 year high and going HIGHER!"
So what. BONZ had no gold...just shares to dump.
Good--time to impeach the seditious witch.
Picked up a little here just for grins.
Now watch JNUG wipe the smile from my face.
But didn't BONZ already control these other so-called non-producing, no-revenue 'companies?'
In other words, the news was a sham.
Fed will continue to prop up their stock market ad infinitum. Who owns most of the market? Why, the central bankers, of course. More money into bankers' pockets and less money into the pockets of poor and middle class. How can that be, you may ask? The latter two pay for it in terms of inflation.
What a racket.
New York (AFP) - The New York Federal Reserve Bank said Friday it will continue to inject billions into the US financial plumbing on a daily basis through November 4, extending the operations by three weeks.
I wouldn't be surprised to see this close at .50.
It has already flown--straight into the ground. If this had any kind of chance, it wouldn't have crashed.
Missed the bounce this time. Not chasing now, though....
Let's see how things shape up next week.
Lower lows daily. Trips here next week.
I've heard the same tired tune repeated endlessly by cheerleaders who claim BONZ will run up simply because the price of gold might be going up. Just check their old posts.
The problem is BONZ has no gold and no chance at producing gold. What they produce are bag holders.
They should change their name to Bagholdernanza. They produce no gold, but plenty of bagholders.
Next week we could see .001 again because that's the natural resting place of this giant POS.
"JMO--No charts or codes apply. "
I came to that conclusion, too...that's why I take whatever this can give me. Or I cut losses quickly.
The Hercules Mine was already part of Bauman's holdings. I recognize that one in particular because I delved into its history. A century ago it produced a few traces of gold, then was shut down because it wasn't economically viable. It still isn't viable.
People expect this to go up because the word 'gold' is part of their title. That's all. They could have nothing in the ground other than fossilized horse manure, but as long as the word gold is there, people could crowd in if gold prices keep rising.
That's it.
Sure, but the market isn't rational...the Plunge Protection Team can step in at any time and prop up 'their' market with endless QEs.
It's weird. Gold is up $16 and this can only churn. It's churning so hard the butter is turning to cheese.
Heading into a nice close. Congrats.