History repeats.
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"New York Fed added $83.1 billion in temporary liquidity to financial markets Thursday"
145k jobs added; 160k+ expected after being revised down from 200k+...
https://finance.yahoo.com/news/december-2019-jobs-report-labor-department-215614283.html
Who knows how low this jobs report really is..
https://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21
I sell if it gets to where I bought or 5% below where I bought... I've repeatedly said this.
Agreed, but my point is that eventually there wil be a giant amount of demand that comes very quickly. Think 2016, but bigger. When that happens she'll shoot up like a penny stock.
The risk is not what traders think anymore now that gold has turned and will remain in an upward trend. Which means $NUGT and $JNUG will now have a sideways to upward bias. Eventually leading to just and upward bias in time.
Decay is only material if it shows up in my account. I down think it will as much as others.. ;^)
Glty
You haven't proven anything.
Miners try to predict where gold is going to go. When they are wrong like if gold would have stayed up at 1600 for a bit longer miners would've EXPLODED.
The mining sector has been smashed so many times they have a beaten dog's psychology. This IMO is a sign of bottoming(disbelief part of the market cycle).
Once gold holds these gains they rocket. Nothing else makes ANY sense. It's the part of the disbelief psych in the gold miner market imho.
As for the overall market we are definitelytely at the euphoria stage..
So fundamentals don't matter to hedge funds..? Lmao
If that's true, they will inevitably get smacked soon.
This market is CRAZY.
I will not follow; I like my money.
What makes you think I don't understand this..
I find a sector which I think has bottomed and buy micro/small/med caps(or whatever I think will produce the most gains $NUGT). Then let the stock ride to where ever its gonna go. If it gets to where I bought or more the 5% below where I bought, depending on my thoughts on potential, I sell and buy the dip on another..
Flipped from sector to sector.
I've done this since 2014 starting with the pot sector, vaping sector, and now the gold/silver sector..
It's worked VERY well, but I've been watching the gold sector forever waiting for the right time and without a doubt now is that time.
Will HOLD and make serious money just as I always have.
My trades last weeks/months not minutes, hrs, or days.. Although I could trade the shor term, I trade the weekly/monthly swings.
Because I understand this and like to ride it as far as I can.
Glty
Entire gain this is one stock equalling 5% of my portfolio.. I probably lost 25% of my 2 week profits and haven't sold because I'm happy with my purchases.(Still have 75% of my profits)
I was never up 35% in $NUGT..
I was up 33% at most and that was after hrs..
I am down 17% from the highs IF your dumb and include after hrs.
Math is hard for some.
And when did I say this was good for $NUGT..? Lol
Btw, I have no plans on selling..
You're really dwelling on this? ;^)
Since I rebalanced my entire portfolio is up over 10% in 2 weeks..
Only down on 1 play, my volatility play, that hasn't ran yet.
You're confused.
Whats your prediction for a high this month? Was it in the past or do we have yet to see it?
You're right, I did. ;^)
Holding a ton w a 12.29 cost avg...
We'll se what the next month has to offer..
glty
Still up 13% on $NUGT AND 17% on $JNUG.
Will remain HOLDING for a long time from here..
Glta
K mom. Read 3/4 of your post and got bored.
We are going to go right back UP.
You like those ISM #'s..?
And do you think Trump will respond..?
Will North Korea be testing anything soon..?
What will the recent 100 bil dollar repo do..?
You think the market will go up when Trump signs the 'phase 1 trade deal' or will it be a sell the news event..?
Should I short gold or buy $DUST..?
;^)
Btw you can block ppl to clean up your view..
$GOLD's future.
$UVXY We should be doing pretty good tomorrow..
1) https://www.foxnews.com/world/missile-attacks-target-us-forces-in-iraq-senior-military-source-says-iran-suspected
2) https://www.reuters.com/article/us-iran-iraq-usa-strike/iran-starts-second-round-of-attacks-against-u-s-bases-in-iraq-tasnim-idUSKBN1Z7059
BIG jumps in volatility coming..
Especially after Trump's coming response.
Geopolitical catalysts. ;^)
https://www.bbc.com/news/world-middle-east-51028954
On top of market waking up a bit to the 'fed' and its BS..
https://www.zerohedge.com/markets/repo-remains-paralyzed-fed-announces-first-oversubscribed-term-repo-mid-december
Looks as though we'll destroy my 40$ target and go to 45-50$ instead... ;^)
See a little bit higher for $GOLD now.. Which should cause a break of this massive resistance we've been stuck at in the miners. After that I see a decent pullback unless we get some geopolitical news taking us into the 1600's..
Manipulation through the paper gold..
Good January ahead.
What a slob..
Problem with buying $DUST is IF Iran responds and then Trump responds directly after..
Money will turn into dust..
After Trumps direct response to Iran's response,[;^)] there might be a good quick trade to be had off the technicals. Too risky IMO.
https://markets.businessinsider.com/commodities/news/goldman-sachs-gold-better-hedge-than-oil-trump-iran-tensions-2020-1-1028795354
Gold safest asset in 2020.(Safer to be in then out)
The Bear case will only get stronger as year progresses.
Holding strong. Letting the BS work itself out as gold rallies/consolidates.
Everything will work itself out in time.
Good times ahead IMO. ;^)
$GOLD Negative rates signalled by elites through there 'ignorant' vehicles..
https://www.wsj.com/articles/fed-has-many-tools-to-deter-recession-former-chairman-bernanke-says-11578184800
More to come..
https://finance.yahoo.com/news/gold-climbs-highest-level-since-230920306.html
$NUGT Looks as though there will be good times ahead.. For US. ;^)
Week ahead..
$NUGT & $JNUG
Why $GDX/$NUGT is down.
Watch 21-25:30 min mark in on why GDX is where it is..
$NUGT people need to start thinking in a long term frame of mind before the heard does.
You will make big $ if you've got the stomach and hold your trading instincts.
Instead of min to min, hr to hr, even day by day. People look at a weekly and or monthly charts..
I honestly don't understand why people think this will just sit here forever when gold reaches back up towards 1900..
Eventually gold will break 1900. My guess is 2021.
I get so mad when I hear something I think is wrong. Kind of a a$$hole..
(Must have aspergers or something)
Have a good weekend next week WILL be interesting.
Glta
They aren't stupid.
Refer to post below on my opinion.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153101376
Glty
ISM DOWN.. Worst #"s in decade.
https://www.cnbc.com/2020/01/03/ism-manufacturing-index-december-2019.html
Didn't someone say these were going to be good #'s..? ;^)
Showing strength.. Long/heavy $ knows where this is going.. ;^)
Looks as though the 'media' & the 'fed' are reluctantly signalling a pullback in the markets through visible market insecurities. This comes after the 'fed' dovish stance & reclassification of $GOLD to a tier 1 asset vs what they had it at b4(tier3)..