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I have a margin account. Why can't I trade pre market?. It's with E*TRADE to.
Wish I could get in pre market. I'll have to wait. But this is real good for the next leg up.
Man gold was super flat today. Gold has no trend right now and is headed to the middle bolly. I'm thinking we could bounce off and start heading back up to test the 1290s again. I'm on a holding pattern and will watch for an entry point tomorrow.
Looks like flipping is the way to go for now. Hope your trades did well.
Do you know of any important news coming this week?
Are they spoofing?
My next play will be NUGT. And maybe a small position in EGO. Like I said 2.25 on EGO seems like a safe exit target. Wish I pulled the trigger before it popped.
No, I messed up. I was going to try and get some 1.83s but it went up so quick and my money just cleared today. I'm a day late. I think it should go up another 25 cents just to get to its down trend line.
Looks like EGO bottomed around 1.80s. It's up 5% today. What do you guys think now?
Are you DUSTing or JDSTing.
Lol. Best joke of the day.
It looks like gold won't break out anytime soon. We need some clear cut event to break that trend line from 2011
GDX chart makes more sense then GDXJ. It has obvious down trend and up trends. GDXJ has One really messed up down trend line and more of just a resistance at 34.00.
If that makes any sense
We GDX was in a triangle and had to break up or down today. It obviously broke down.
I'm just going to stay away for now
Sounds good. I thought you might sell the day we bought. We just got screwed and there was no way of telling for sure until today. I gambled and lost. But we could have as easily have won.
Like I said to dark pool I probably will move over to NUGT. I use to trade NUGT before I moved over to JNUG. I don't see JNUG preforming like it use to. And I gave it lots of time.
I hate when you buy and the second after it goes down more.
I will most likely never buy JNUG again and will be buying NUGT.
NUGT had out preformed JNUG for months now.
Hope some people bought jdst. Got out 17.30 with a big lose. Golds getting murdered.
Looks like we are in a confirmed down trend. Yesterday we we neutral and could go either way. But now I'm sure gold will close with lower highs and lower lows
I read today on seeking alpha that GDXJ is under preforming GLD in the sense that GDXJ should be 3x GLD. I believe that we should balance out if we break 1300. Also the rebalancing really made a lot of people leave.
Also the Sprott fund has outperformed GDX and GDXJ. In the last gold run
Sprott 10%
GDX 9%
GDXJ 6%
Thanks for the reply.
I'm a stacker to and decided to sell some of my silver to play miners.
Well I guess my timing was off because the minute I get in it's nothing but a bear party since January. I got a taste of the good times back then with big percent up days when gold would move just a couple of dollars.
But it's hard to make money when gold goes up and miners don't. Then gold goes down and miners crater.
Thanks for the reply. I'm hoping with all the bad data that the unemployment numbers are in our favor.
I really want gold to ride to 1290 that's what I'm betting on.
Also has anyone looked into EGO. It's been in free fall for months. I heard that their Greece project has problems. I might buy some shares soon. There has to be a bounce of that one. I think all time lows are 1.12.
I bought some COHR today. I'm getting bored with miners. No reason to be down. If we break this resistance tomorrow then we might have some good upside.
Looks better then last night. Manufacturing data missed. So I'll hold. I'm down like 1.5% so it's not going to make me puke.
I don't know what happened but someone flash crashed gold. Looks like tomorrow is going to be painful.
I honestly didn't expect gold to be taken down the week after the fed said no rate hike.
I might bail with a lose. I'm getting to worried to wait for gold to come back to life. I will sleep on it review in the morning.
Yeah I wouldn't follow my trading skills lol
I'll hold out for Friday or a pop. The jobs report comes out Friday. So with all the data missing their targets I wouldn't be surprised if Friday's data is off.
I think we will need a bigger event then what is considered normal to have a break out. The stock market has to stop making new highs every dam day. Lol. We all know what's coming but it just might be down the road a bit longer and I'll have to jump on jdst for the ride down.
All the bad data in the world won't make JNUG go up. Truly pathetic.
Should have sold today on the pop. I was just hoping that we were building a floor not a ceiling.
Thanks guys for the input. I will take that into consideration.
It seems like day trading you could make a larger percent gain. But with the way my fund are I'm a little short of the 25,000 minimum to day trade. If I didn't loose money before they told us that they were rebalancing I would be fine by now.
My goal by the end of the year is to be able to day trade. I see more opportunity to get small profits that you can count on then ride a wave that fizzles out.
It's hard to make money when the downside is 5x and the upside is 1x.
Well we went green for a minute. We are in a weird range and I hope we break out to the upside.
Well all the data that has come out in the past two days has been positive for gold.
We were lucky that gold retraced after hours and bounced early. I hope that's all the consolidation we have for now.
Believe me I was not happy with how that trade totally fell apart and so quick. But we have a tonne of resistance at 34.00 on GDXJ. All the long term trend lines cut right threw that point.
I'm just betting on reality finally showing its head for once.
Uncle Yellen isn't going to raise interest rates again this year. And I dare her to unwind her balance sheet with 4+ trillion.
If we can get threw 34.00 on GDXJ we will see new highs in JNUG. 21.50.
Gold has really great momentum right now and I think we are going to break 1300 this time around. Gold is locked in a great up trend and Embedded.
I just read that because the construction spending was down so much that they will have to revise Q2 GDP down. That should boost gold.
As the economy shows it's true colors and the TRUMP trade gets squashed we should see miners catching a bid.
The dollar is in bedded in a downtrend for so long that I can't believe that the minors would even flinch at a $.14 rally
What the hell. A good trade turned really quick. I just hope it doesn't print a crap candle at the eod.
I didn't expect it to be flat on the day. No conviction in miners. We have to break 1300 on gold and then I think miners will fly.
I usually hold for a couple of days. I might sell when gold hits 1290 or see what Friday brings.
I bet you have a smile on your face. Good job man, two days in a row. Looks like you can take the rest of the week off. lol
Looks like it. Good thing we bought because it popped hard with the construction spending down
I thought gold would consolidate for a couple of days (Monday-Tuesday) because it was riding the upper bolly for awhile. I hope it pops again tomorrow and we can take out the 18 resistance.
I'll probably ride this position to around 1290 gold and re-evaluate.