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Gold is limited to the upside, given that we all know rates will rise soon enough. Doesn't matter if this month or next month or next, etc... The market is not going to price it much higher.
Add to that the fact the fed announcement did little to move stocks north.
Add to that the fact that gdx can't break the 50.
I don't see upside here.
Open to all comments: (even those about feminine hygiene if you really feel inclined
Good luck guys. I'm on dark side of this now
Yea because I said so
No silly billy! Look at the gdx chart. That 50 Dma is proving to be serious resistance.
I see bloody streets by tomorrow's close
Good luck
50 dma. Same thing happened in mid August.
Too many green days
Tomorrow = red
Going lower tomorrow
Still keeps hitting its head on 50 dma. That could be problematic regardless of this rate stuff
Contemplating a 2k share purchase on dust. Lotto play if they raise rates
Haha. Now THAT'S a trade strategy
I'm waiting for fed personally. No point trying to front load either way. There will be time to make money once direction is confirmed.
Good luck
Large disconnect between $oil and u/dwti today
I have my paper and pencil. Let me know when you're ready Fannie Mae boy.
Citi bank vs reyprimero. Which one is hard and which one is soft?
Agreed. So does my neck and shoulders, tea cup and handle, and Penant falling knife.
Haha
"Cheapies"???? Save the spam.
That's pretty personal
CNBC is fun to watch the same way TMZ is fun to watch. The have to make up headlines. They can't just say "Oil is up 4%, but we have no idea why". So, they link it to something. Gas demand, start of football season, etc. The former was more plausible so they went with that.
Do you think the powers that move the market tell CNBC their reasoning?
Risk/reward with oil is to the downside. (At least that's what I tell my 1k shares of dwti
Best of luck.
Gotcha. Thanks for the input. Guess we'll have to wait and see.
Does to me. To each his own, bro
yeah.....something like this -->
http://www.babypips.com/images/school/images/grade7/bearish-pennant-after.png
Interesting. I see a bearish pennant forming. Coming off a preceding downtrend not and uptrend.
To each his own
Follow the money. Don't fight it.
No joke. Been a lot of that BS lately. I'm sure these tickers just showed up on their "scanners" recently so they jumped on board. Along with their trademark vernacular.
To da moooon!!
Wasn't the RS announced first a month ago? Why do peeps care all of a sudden?
Very emotional board last week and this weekend. Settle down and trade your plan. C'mon gang, buck up!!
Dipping in the nugt pool at 3.22. Too beat up over the past few days
Thanks buddy!!
Smart. I like the cut of your jib.
Sold half my dwti yesterday at 232. Bought it back today at 204.
Rinse and repeat
You post a lot for a "confident" guy.
Gaps fill! It's been the best play on gdx lately!
If gdx fails to do much above the 50 dma then tomorrow will be bumpy
You got it. These huge up days are usually followed by some big down days.
Got in at $20
I would think the one today. The other in 2 years maybe
Every gap in gdx has filled for the past 3 years.
HUGE gap. Bid set @ 4.47
Gold started this year at $1200. What's it worth now?
No "value loss" there????
Universal currency? When's the last you paid for a slice of pizza with gold?
All gaps filled and momentum gone. Nugt heading lower again.
You guys sound like investors.
Ballsy
I'm not selling till $4....or $1.20.....one of the two