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Almost covid levels again, I'm accumulating here. That was a good ride the last time.
When they're cryin', you should be buyin'.
War machine cranking up, what do you think that does to aluminum? Just my opinion, of course!
I kept checking to see if my computer was failing, ha!
That said, I moved over to miners in June. FCX +179%, CDE +79%
Lots of better plays out there, than this manipulated POS.
I loaded a bunch of APA for the long haul.
Absolutely! With increase in economic activity ramping up, demand should skyrocket.
DUST has been the smart play, of late. I pretty much spaced out on that one, this time. Too gunshy, I guess.
Some oil stocks were down 50% this morning, that's a sale!
As I posted a week ago, this thing is fading fast. Miners are on sale, I like sales!
Good day to pick up some miners on sale!
Good to hear from you, WB! I took this last jump to get out, buy DUST for a day, get out, and now sidelined for the slaughter.
out of DUST @ 5.05
Took a quick swing at DUST today, as nothing goes straight up. Nice rally before the close.
Yes, more proof that this is a poor long term hold. Very impressive two day run, though!
This type of volatility is what these 3x ETF's are perfect for. Opportunity both directions.
Good call, WB, and spot on!
During this spike, that would be the opposite equivalent to "never try to catch a falling knife"!
While I like to trade the volatility, a major upswing is a poor time to try to time the minor swings. Better to sit back watch the accumulating "green", IMO.
GOLD
01/07/2020 19:21 1603.00 1604.00
+28.80
+1.83%
1558.60 1606.80
Rockets flying in Iran/Iraq
Agreed, Trunk.
The swings are rapid, but with a little timing, I've had better gains in DUST in 2019, than in NUGT. Neither one a good one to hold.
Granted, but if it becomes the main currency of exchange, they might need a bunch more than they have squirreled away.
This may have an effect on prices, not sure how much, though.
https://nypost.com/2019/12/21/muslim-nations-exploring-gold-barter-system-to-beat-sanctions/
And then, "someone" bombs Saudi Arabia....
gold-price-could-soar-record-high
https://www.foxbusiness.com/economy/gold-price-could-soar-record-high
Yup, DUST was the place to be over the weekend. I bailed @ 12.54, due to things to do, but it's still on the rise.
What we've known for a long time...looks like the DOJ is finally trying to do something about it.
http://wallstreetonparade.com/2019/06/wall-street-banks-in-drag-as-trade-associations-fight-indictments-for-manipulating-precious-metals-markets/
I think this dip will carry through the US market open, no problem. What they do from there...anybody's guess!
Your logic, Trump and Xi making nice, was the most sensible path. I held my 11.24 DUST based upon that gamble. Time will tell.
Not anymore! DUST went green.
Normally,Sept./Oct., but things are not exactly "normal" this time around. World events could delay, or negate that seasonal drop.
IMO, natural disasters, fuel rationing, No. Korea, all are subtle undercurrents, which affect market sentiment. These fundamentals, and many more, are making TA difficult, but when there is uncertainty, gold seems to be strong. I'm not betting against NUGT for the near term.
Last time gold was $1320, NUGT was over $26, pre-split, or $104 by today's standards. Long ways to go!
I looked at last Winter's pre-split dip into the mid 6's as my entry point for core holdings. Still trading around that position. Would certainly like to see some more volatility, rather than this slow drip.
Agree with the President's approach to kill terrorists.
More troops to Afghanistan, morons escalating civil unrest in U.S., a Congress & Attorney General who don't seem to know how to tie their shoes? Looks like gold's time to shine is coming fast.
Just remember, last time gold was 1320, NUGT was around 25 bucks.
That's pre-split, now would be 100! We've got a long way to go to get there.
Not too messy at all, just a good visual, thanks "C"!
Seems to go against our recent schooling on how NUGT doesn't follow gold, though, doesn't it? I'm confused....(not)!
I think your 1340 number comes quickly, and am in agreement with the 1510 this year, as well.
This may be one of those times when the upper bolly widens drastically, to engulf the candle, rather than the candles scaling back within the bands.
I'm not selling for beer money here, when Porsche money is potentially staring us in the face.
A lot of wisdom being posted today, and I thank you all. If there was a "like button", I'd use it. We certainly are range bound, but world events won't let that go on for long.
Now, back to monitoring orange juice futures, since we all know GDX/NUGT doesn't follow gold.
Simply wrong, IMO.
Gold $1320/NUGT $25/sh.
Gold $1250/NUGT $9/sh.
What's so hard to figure out?
“When everyone’s crying you should be buying. When everyone’s yelling you should be selling.”