Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, Lowes and Home Depot will be directly effected by Irma. I was thinking of a more indirect effect. Like lost wages/GDP that effect gold. Doesn't matter looks like miners are being little bitches today anyway. I'm getting real tired of the 2:1 downside
Gold down 2 bucks JNUG down 6% bs
This one goes out to "the Weasel".
My big boy pants are torn two sh#t but I'm still holding tight to the reins of this wild JNUG Branco.
We hit resistance at 1360s like I said. It's Friday and people want to take their money home to cuddle with their green backs.
Pretty sure Monday will be green as Irma will hit and NK has fire works to shoot off.
Break 1338 and we could have a reversal. Ounce we break 1370s I think that's when big money will come poring into the miners. Good luck guys
We hit resistance at 1360s like I said. It's Friday and people want to take their money home to cuddle with their green backs.
Pretty sure Monday will be green as Irma will hit and NK has fire works to shoot off.
Ounce we break 1370s I think that's when big money will come poring into the miners. Good luck guys
Just found out trump wants an unlimited credit card.
I'm thinking gold will hit 1370 and have a pull back. I'm holding until then.
Just doing ok. I bought a little early yesterday and had to recover some money today
JNUG has been a lower price for basically ever. Because gold has been in a bear market from the time of JNUG creation. Price doesn't matter it's the percentages that you look for on the up or down swing. JNUG is designed to go down in price over time.
Going up. Next level please.
Wow gold down 4 bucks and JNUG down 5.25%.
Looks like a overshot.
Good thing I bought earlier today. Not
Wtf I'm going mad
I can't count how many times someone said it would take a nuke for gold to go up. I know they were kidding but here we are.
I sold all my positions Friday so I'm up for either side on Tuesday. If I can't get some JNUG for a good price I'll wait for the top and buy JDST for a couple percent. Nice to see you back. ;)
I'm going to have to ware my big boy pants next week if I'm going to ride the JNUG bronco. Shit is crazy town. I guess we will see a lot of this going forwards.
I'm thinking 1360s resistance. On the monthly chart on gold the upper bollinger band sits at 1360. Just a guess
Seriously crazy. Look at the 15 min gold chart if you want to puke. Still holding the dark side until the EOD
I bought some jdst. So I'm on your train just in a different car
Just sold NUGT. Think we are tapped out for a bit and I don't want to hold over the week end. Peace guys
This was what I was talking about yesterday. How hard it is to trade on the news. Yesterday should have been flat and today should be up. But it is the opposite. Go figure
Lol and the profits gone. That was quick
I'm contemplating selling NUGT right now for a pull back on Tuesday. Kind of ridiculous at this point. Plus it's Friday and a holiday weak end
Numbers are horrible all across the board. But it looks like gold only going to go up 5 bucks or so.
I always like ira's analysis on metals.
That's why the Jackson Hole nothing burger ended up being golds catalyst to finally break resistance. I got that one wrong lol
The miners are the only embedded stochastic reading in the gold sector right now. So it is not over bought by definition.
I'm not saying that the data should have boosted gold. I'm saying it did. Just like the GDP numbers should have crushed gold yesterday and didn't.
When the home sales came out gold had a pop. We are now in an upward bias because we broke resistance and are above the 18 week middle bolly, riding the upper Bolly.
Here's is the data.
Pending Home Sales: -1.3% from year ago month
Pending Home Sales Index M/M: -0.8%; expected +0.4%
If 3% GDP didn't knock gold down below support then nothing is until the next resistance level around 1360s.
That's why I sold JDST yesterday and bought NUGT today.
We just saw the pull back to low 1300s. If gold goes down to 1290s next week the uptrend will be broken and that will be time for a good pull back.
All good. I buy it all. NUGT JNUG jdst, it's just when I see it in my favor
Just sold my jdst and bought NUGT. Then gold dumps. I'll take those 100s you speak of.
Lol. Flying no going up and hitting resistance, yes
Yellen added nothing to the current dynamic. Unless draghi says something interesting gold should go down.
It's crazy town fed day. Down, up, down. She starts speaking in 10 minutes when do you think we will get the news? I so many head fakes so far.
It's all good. I tried and it didn't work.
That's what I'm betting on. But you never know with these crooks.
Shhhh, no one make a sound the FED is coming.
Good, I'm still waiting for something to happen. We are still in an uptrend with gold but there is a lot of resistance.
How are you?
Now this was the rollercoaster I was waiting for. The other days was just the kiddy ride. This was some rip your face off fun.
Have a great weekend. From what I heard the auto dealers have been channel stuffing. I heard there is a lot of gm inventory. I also heard that other car co's are doing that well. But I also read that on zerohedge. So they are very one sided. I don't invest based on their views lol
That train is picking up speed. 1300 hit and people are bailing quick.