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got stopped out twice. Watching and will prob take another swing at dust though. Foolish I know because Gold breaks 1185 look out 1300!
appears she was wrong. WTI up at 2:30 close and market follows.
you could be right. Depending on jobs and yellen friday plus the usd falling, gold could see 1300 quick breaking right through 1150, then 1185 tomorrow...
haven't watched gold for months but I use to go long at 1080 and short at 1150, sometimes 1135 and add. Attempted to play today's volatility and currently losing! For the scalpers what numbers are the charts showing?
Ah, I see. Had NUGT at 18.23 and sold early at 25.54 and 30.
Some charts are showing NUGT hitting 35. Good luck
Anyone locking in gains here or holding out for more?
Trying DUST again at $11, 800sh this time
damn, that was fast!
well that doesn't sound fun! 400 DUST @ 11.62 willing to sell at a 5% loss. Guess we'll see
Hello Sir, if I wanted to bet against gold would would buying DUST or shorting NUGT be the wisest play taking into account contango?
Thanks!
you might like the book Flash Boys by Michael Lewis
Phil didn't see his shadow, early spring. Uh oh, maybe those 1.39's weren't a good choice after all!!!
I'm patiently waiting for your next entry...
darn. 10k shares in at 1.90 out at 2.01 so I gave up $600... Oh, well. Green is green.
Reload before fed???
if the fed is dov don't you expect more of a temp run?
what time does the report get released?
Thanks
Thanks for attending and sharing, I imagine today's release of earning isn't going to pretty
Below 5yr avg only in the east. Supply is 10.4% higher than last year and 3.9% higher than the 5yr avg.
Don't get me wrong. I have a ton of UGAZ in my ira but in my trading account for a quick scalp I went short.
http://ir.eia.gov/ngs/ngs.html
short squeeze soon???
lots of buyers Oct. 16-19th. Check out post 902. These buyers are probably realizing the financial distress of the company and dumping. Financially they appear to be ruined. The great hope continues to be potential FDA approval in the US. Doesn't seem likely they'll get it but if they do... Big risk here!
they have yet to get approval after several attempts but it would be huge if they did!!!
UGAZ is in Dec contracts. This ETN rolls out 20% at a time starting on the 5th of the month so Oct. 5th 20% rolled to Dec, then the 6th 20%, 7th 20%, 8th 20% and 9th 20%. 100% in Dec as of Oct. 9th. This info is in the prospectus.
I took this to heart http://www.usatoday.com/story/weather/2015/08/19/old-farmers-almanac-winter-weather-prediction/31997189/
But 2 months later;
Still running AC in N.E. Florida, thanks El Nino, you prick!!!
a friend in the electricity business was expecting NG bottom at 2.30... wrong, but to his defense his job is focused more on long term and long term he expects NG to stay cheap with producers more than happy and capable of supplying more NG if needed.
another friend in the NG business in Texas said his company expects a warm winter and the company reduced production months ago.
Like many I made several purchases chasing the bottom but believe we are very unlikely to recover let alone profit:(
Yes, its correct. The contracts begin rolling out the 5th day of the month 20% at a time finishing on the 9th
5th 20%, 6th 20%, etc...
-12%tvix and -14%ugaz because I keep adding. Some fools never learn. Let's hope for lots of snow this weekend!!!
wow. Any idea how much of the NG market they supply?
Peasdos basically screamed at us all day to "wake up". This morning I sold dwti and covered my uwti short then bought uwti and sold 2/3 of it at a quick 3% gain for the day but the remaining 1/3 will probably eat those gains up by open. Can't wait to see what Abuelo has to say about post 18733.
What's your play??? I covered my short on UWTI and went long. Emotionally I didn't want to do it but a strategy is a strategy and $46 looks like it wants to hold waiting on API and EIA reports. I plan on drinking a bottle of nice single barrel bourbon to celebrate or drown my woes...
NG up 1.5% and UGAZ down 3.3%. What gives???
Thank you sweet 8lb 6oz baby Jesus!!!
Dear 8lb 6oz sweet baby Jesus, please let oil break below 48.10 so I can make some green and take my smokin hot wife out for a nice dinner and not feel so dumb for buying dwti currently at a 12% loss. Amen.
I'm in, avg 85.71 but if wti breaks 51 it might be enough to shake me out. What parameters are you guys using?
all very valid points and most agree long term oil will be higher. That being said I have some solid gains in long term oil plays likes xom, tnk, and few others.
Most of us here play the fact that recently oil has been range bound and has yet to break significantly through and continue. Sure it's setting higher highs and lows recently but most of us have done well playing both sides and adjust the range we play. I'm currently DWTI and won't sell until WTI breaks and holds past 51. I'll start with UWTI if and when it gets back to and below 44.
Bought some more dwti and will let it shake me out between 50-51.
what would $8 dust mean for gold? $1,500???
dang it!!! Lost all my nugt gains in dust and not sure I believe nugt will continue to run... Can you please post the charts you mentioned?
took a small bite to follow my buy strategy when wti breaks 46. Lots of momentum behind oil though so not riding this to far down. Guess we'll see!!!
hmm, can it continue to run or is there 1 more ride to be had in DWTI???