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JNUG and JDST both still down.
Sumptin don't seem right????????
Second serving of JNUG @ $2.89
2nd serving of JNUG @ $2.89
Now theres something you don't see often
JNUG and JDST both down in premarket.
2015.10.0.2208 is the latest version.
Right click on the tray emblem and click "About" to see what version you have.
Looks like the assistants
Are trying to get gold under $1230 support while the big boys are at lunch. (g)
The $1230 resistance is now support
First time JNUG hit $3.60 today
Gold was $20 cheaper than it is right now. Shorts are working the miners now. 15 million JNUG shares traded in first hour.
CBOT is showing huge reduction in Short Gold contracts
It is not wise to expect
multidollar moves in a 10 share holding of an index stock.
To be holding 10 shares of a $17 stock means you have to make $2 just to make the in out commission and break even.
Happened today when JDST was @ $21 but you didn't sell because you are still upside down and you are afraid to lose money.
You could have sold JDST @ $21 and netted $190 which would have bought you 60 shares of JNUG with cash left in the account. That trade which would have put you up $30 for the day right now or 15.78%.
If you are going to trade, then you must ask yourself if you would buy the stock you are holding. Right now at this price?
If the answer is no then sell it and either wait for your new entry point or buy something else. You only want to achieve right at a bigger number of times than wrong. Nobody is pervect. CowBoe wasn't right two out of the three buys he posted. But he made enough $ on the one to make a profit. As it is, he is mostly cash ready to make another trade.
All of that being said, trading with only $300 is just plain wrong. There is no way for you to make money.
Gold just went over $1201
Out of JDST and in JNUG
In JNUG @ $3.07
Out JDST @ $19.25
+ Buck 60 on the second serving and - about .38 on the first serving.
I'd take the rest of the day off and go to a movie.
You need more $ to trade with.
Dollar @ 89.29 GAPPPPP!!!!
Don't know yet what the Jobs Report said
But gold is tanking. JDST being veddy veddy goot to me!
Yup. Long the other 2/3 overnight.
Puts me about even money here on the other two servings.
Sold third serving of JDST $17.40. $3 Bucker
It's not about gold
It's about Bakken shale oil. The advertised break even price of shale oil is $70 a barrel. That break even price is actually just the most expensive 4% of the 30 million bpd that will be coming from there.
Interestingly enough, that is the same 30 million bpd that OPEC imports into the US.
If the pipeline from Canada is put in place, the tar sands oil adds to the US supply but it is more expensive to produce than the shale oil.
What can OPEC do to trash both options and guarantee another 20 years of draining money from the US economy? The same thing it did in the late '70s. It can flood the market with cheap oil.
The pipeline gets put on the back burner and the tar sands people go belly up because they cannot compete in the world market. The shale companies stop producing at prices where they cannot make money. The debt service takes them out to Chap 11.
Can OPEC pull it off? Will they do it? Hell yes to both questions.
Is this going to happen? Hell yes.
Will gold decouple from oil? Probably.
How can we investors make money? First, we can short the expensive producers and the equipment suppliers. They will be the first to go under. Then we can be ready to invest in the companies who will be buying the Bakken assets for pennies on the dollar from the BKY Courts. The lower debt structures and lower hard asset costs will lower the break even point down to under $50 a barrel.
Or we could just take more trips to Grandma's house using the cheap gas and jet fuel while trading the JNUG/JDST ATM machines.
Gee. Only three more years of Govt Theft.
Holding JDST overnight.
JDST & JNUG have fitted me for an _ss hat last week or so. Both of them owe me.(g)
Holding JDST overnight.
JDST & JNUG have fitted me for an _ss hat last week or so. Both of them owe me.(g)
Dollar makes new high 88.65
Congrats
Paid for Christmas with one trade!
Third Serving Of JDST @ $14.40
So now we are @ up $75 since pre-market
Looks a lot like a short squeeze. Interesting.
Looking @ a +$70 increase in gold since pre-market
And JNUG up less than a dollar. JDST down near 6 dollars or near twice the % as JDST. Correction coming.
Gold up $64 since 6:45 this morning
WTF am I missing??????
Did Russia nuke New York or something?
In JDST @ $17.64