BAA
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If you need help from this board on how to trade, you shouldn't be playing with these leveraged stocks. It is easier and less dangerous to one's health and bank account to learn on unleveraged stocks. With the amount of money it seems you are throwing at this, you can easily make money on some of the slower "boring" stocks.
and here comes the rug pull!
Same weird stuff on NUGT. I assume leveling from the day or balancing of sort maybe in prep for the R/S???
I think someone handed JNUG the wrong envelope today... it was supposed to go UP not DOWN!
I think some of the chartists here are forgetting that some other broad market indices (SPY to name one) are defying charting logic. It has closed above the upper bolly on the monthly and I think the divergence in miners this week despite gold's advance is a classic "accident". Everyone is piling into anything non-mining related because it is "on-fire"! We all have seen this before... I think... I wasn't around last time with money to capitalize on it but with a little luck... good luck everyone.
$80 M dollar buy on GDX at eod....
Do you believe the US economy will maintain its lukewarm strength? After trillions of dollars of injections, the GDP is still faltering... by the time "it has happened", it will be to late to position yourself properly.
Love the chart! Thanks.
I will join the chorus of gratitude for your approach and balanced views. I hope you are profiting from it.
I think gold will still trade, no?
I think it is going to become a textbook head and shoulders...
I think after gold's recent run, we'll see it slide slowly into March's Fed meeting. I interpret today's price action after Bullard as confirmation - I hope I am wrong.
The question now is... jump back in?
It's ok. I got stopped out on 15% of my shares at 11.60... *grumpy face*
because I was thinking there might be a better opportunity quickly too!
Fundamental value is still higher than market price though. http://www.acting-man.com/?p=48528
I rode this up from $4.22. Stop loss kicked me out at $7.90 and bought back @ $6.86. Looks pretty good!
What is your target price?
Gosh - as nervous as I was for you I am very happy for you. It was looking pretty bad there at one point - I never would've done that lol.
I do however, still think you are lucky that you are again break-even. The market can remain pretty irrational sometimes for a long time.
I feel like so many people/traders/speculators are sitting on the sidelines right now both gold and miners... everyone is going to end up chasing the ask this afternoon, IMO.
It looks like the mania can continue for a while though... I find it comical too but tricky to play JNUG which should reverse hard when the overall market loses its bottom.
Lol - It is so effervescent it is bubbling up over top of everything!
But seriously, how much longer is the house of cards going to keep standing?
How does every catalyst that is supposed to push gold higher end up by pulling it down? It has been pretty much downhill since brexit, trump now this? Yeesh!
Gold and miners are surprisingly strong today despite strong Q3 GDP. Harbinger?
Pretty serious gold correction... miners were already at an ultimate low before the run in Jan but it looks like this crazy market will give us all another chance to become millionaires! Buy em up while their low - make another 500% gain. Why not?
Who is holding through the fedspeak today?
Do you have a link? Is this possible?
http://www.acting-man.com/?p=47815
Read this. The gold price dropped because bigger fish saw an opportunity - that is sell their paper, short on the way down and then.. THEN BUY PHYSICAL!
400k buy afterhours? Are those trades just Direxion doing some rebalancing?
Head and shoulders formation on the 5minute chart today for the dollar... I think she'll fall from here!
Bwaha! Comedic relief - thx. If that's really true, cool stuff!
I just added more. I think it is ready ready bounce.
Lol -hi Paul. I didn't do a character study on you before posting my words of caution but it looks like you know how things are done. I meant no offense - had i helped a newb from throwing his/her savings down the toilet in case things didn't work it would've been worth it.
I wanted to go all in on jnug/nugt this early summer before a FED meeting that gold had overcorrected (incorrectly) for but didn't have the balls. Had i done so, i would've quadrupled my money within weeks. I feel like this is another one of those times but still don't have the nuts..... lol
Ps - thx for the charts
All in? Dood - you better have some stop losses in place cause this thing can boogy as fast down as it can up... be careful.
Good luck!
Pure gold - haha. I think there's a medical condition that causes that - both the floating poo and sign readers. Lol.
Blood
is
in
the
streets.
It is only this last Q3 financials PR that has gotten me upset with management. I've been giving them the benefit of the doubt because running large multi-million dollar projects and operations are tough. There are a lot of variables and unforeseens - let alone operating in the DRC.
They released the PR at 8PM and 12 hours later at 8 AM they had a conference call. They very obviously did not want to talk to investors. This is a deplorable way to run a company trading on the stock exchange. Whenever investor relations are contacted, it is always "It will happen soon". "We're working on that" but nothing official in a PR. The Q3 fins would've been an excellent platform to discuss financing related activities.
As a result, I'm trying to trim my position today but this damn thing just won't get up! Lol.
This dropped so fast since July though... wouldn't it have been in their interest to keep it up too?
This second round trip is as painful as the first.
I feel markets had to reset today and close their gaps before continuing their trends... we shall see!
Market reaction to the election is hysterical. Literally.