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Great post. I'm in at a good position just waiting.
Company went bankrupt a while ago and all assets sold. I know this because I know the past owner and the law firm that sued him and won a judgement and forced auction.
I just helped out the canadian miners and bought a 100oz royal canadian mint silver bar. Cant wait for it to get here. 6.25lbs right in my hand.
Nope sorry just checked. The 1min today only hit 35. Maybe tomorrow.
30 on which chart. Only the daily show close to 30 and its not coming down anytime soon on any of them execpt maybe the 1min. Even the 3 min which i day trade off never hit below 50 today. You might be wating for a while.
Weekly, daily, 4H chart is perfect. Doesnt set up much better. Holding and day trading. Exactly following last Dec crash then rise. Take a look and thoughts.
Thanks. I'll look into them.
I like silver. Just bought a royal canadian mint 100oz bar today. After they get my check it will be here in 5-7 days =)
What are some of the better individual miners to look at buying. I probably will go through each of them but am looking for a good starting point. Yes gold goes up and down but the world economies are going to collapse under massive amounts of debt.
Oh I'll be careful. Not planning on anything soon. Just doing my research on the bigger picture.
Really appreciate your insight. Thanks
Your right. JDST would be perfect right now. I'm calling my broker on Monday, I use OptionsHouse but Qone0 said he can borrow from IB so I assume thats Interactive Brokers. I would imagine it would take special margin account but it is doable. It would take a couple years but can you imagine how much they are making off of JNUG shorting when it hit that high a couple years back and with all the RS that have happened. I read an article about decay and the higher the multiplier such as 3x compared to 2X the faster the decay. Now the SEC has approved a 4X. All to take our money. So why not play the same game.
I'll let you know what I find out. Let me know as well.
Yeah there are a lot of uninformed people out there. Why call JNUG a pos when it doesn't control its own price. To some degree you can control it but not like people are saying.
The reason I asked about naked or even borrowing is the eventual decay these funds will have to zero value. Although it would be a long term strategy is there a way to capitalize on that. Are the big firms "shorting" jdst because gold is at it bottom and it really only go down. Yes it will come back up when gold drops and the miners drop but not up to its peak where its at now. And it will see saw like until it gets so low it has to reverse split again. I noticed this in DGAZ. Last year it was in the $120+. Bow it has reversed split at its at $19. It will never get back to 120 because that would mean the shares I shorted pre split are reall $480. If it were a 1 for 4. It will just dwindle and dwindle til it cant RS anymore and die out an you can buy your shares back fo 50 cents.
Maybe I'm off in left field. Just exploring different opportunities.
Thanks
Hey Qone0,
How you liking the Utah weather. Remember I live in Lehi.
OK question for you and everyone else. Is there a way to naked short JDST or any of these ETF's. Yes I now about the inverse but that is not what I am wanting. Everyone talks about how the big boys are shorting JNUG or JDST but does that mean they are naked shorting since that is the only way I know of.
I gave it a go with my broker and got the message this stock not available to borrow.
Thanks in advance.
Well didnt run just stumbled some. But the players have this and jdst rifht where they wanted them. All good.
Looks like its setting up for one more run.
It seems that the suspension wasnt to boost the price using the premium but rather soften the blow while GDXJ did its thing. JNUG still has to be around $10-12 for the rs. The dont want a $16 stock. It looks bad and limits the amount to short. Would they rather keep shorting the decay from $16 or $40? Will they drop it $4 or run it to $10. Going higher.
What I want to know is who is selling? If you're holding a bag why would you give it up now for a loss?
So what # did you call, who did you talk to and most importantly what company did you call. Nutranomics is gone. Shut down. So please tell me what company rep did you talk with.
I may be completely wrong but I feel JNUG is going to pop soon. Look at the volume. 1hr 45 min left and its under 30mil. Shares are running out. Longs won't sell because they know what is coming. Once everyone that has shares won't sell this has to double overnight. So get scared and sell but when its $15 soon before the split good luck buying them back.
So here's my take about JNUG. Nothing happens by chance. JNUG has been suppressed even though gold is up because they knew the suspension of creation units was coming and that GDXJ was adding miners. Now we have gold up, suspension and a reverse split in 2 weeks. JNUG is not going down at least not right now. First, it will catch up to gold maybe $10-12 counting in decay, add in new miners maybe $13-15, then you have premium of the suspension maybe 30% but for numbers sake lets say 33% on $15 and we are at $20. Now in 2 weeks we are at $80 with reverse split. JNUG will run to $100-120 and the suspension will end and they short it back down to $50 and less. They make money up and down, hundreds of millions of dollars. This is the game. I bought 2000 shares Thursday and I will buy more Monday. I might be right I might be wrong but it all makes sense.
I appreciate all thoughts.
That explains some about the swaps. Still alot I dont know but thats ok. Today felt like one of those dump it for a reason and this was the reason. Even before this announcement I picked up 2000 shares on a gut feeling. We'll see how it plays out. Thanks
Tried looking it up but cannot find what is meant by "daily creation order". Can you enlighten.
One more crash coming it looks like. It is battle royale in the low 6.90's. But its going down.
Ill be up tomorrow with my finger on the buy button if it shoots. Just don't get caught holding. Profit takers will drop it at the bell.
You have got to be kidding me
Where is that gap you're talking about? Want yo track it.
Thanks
Guess I need to clarify some on my post. Since JNUG follows GDXJ and That is an index of mining companies then its move is dependent on the individual miners to move the price. So the question is who is being manipulated and why. Which of the miners are they supressing? And every talks about the MM's shaking out longs? What is that about? Is their plan to buy every share of JNUG and then shoot gold up and make a fortune. Where is the manipulation taking place if it is.
The question is, why is jnug so low with gold rocking. Now I'm not saying it needs to be at $12 but at least in the $8s. But we're fighting to get out of the $6s. Can anyone actually explain why its dragging so bad.
And they are keeping it down until the US market opens. Wild guess but I bet $15+ for the day.
Yes you are correct the week before it was not following. Gold went up jnug was down. But that was due to that massive rise after the fed rate that it had to correct. Once it did last friday it was in step. They were getting ready for this week.
If you were watching friday jnug followed gold almost one for one. Tomorrow is going to be a good day.
Wouldn't be surprised if a lot of those sells are shorts hoping for a typical jnug fail. But not today. Going to have to cover soon.
Agree. Except for some BS today its pretty much been shadowing gold perfectly. Awsome oscillator just crossed over on the 5min chart. Its my favorite indicator, just make sure you show columns to see the red and GREEN.
GDXJ 5min chart with candles, awsome oscillator and rsi is one to watch.
Looks great.
Oh i know. This week, next week or whenever, the system will crash. This intraday BS is just frustrating. We probably get more decay during the day than we get day to day.
Not going to happen it looks like. Gold is up some and jnug keeps dropping. Maybe an end of day spike but who knows. Still long.
Rally or plummet at close. Right now jnug is following gold almost exactly.
Only reason jnug isnt crashing is because i dont own any shares right now.
Nope jnug will hold or rise. Total bs.
Wtf. Gold is almost green again and we are still dropping.