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Can't win them all. But it looks like we might get a little consolidation in the miners if gold slows down. I hope it does so I can pick up some low 17s high 16s
Lol it closed at the price I sold 17.65
I'm so pissed same here. All day down and after I sold its back up. It better sell off at close or I'll be really pissed
Just sold @ 17.65. Should have sold with you. Instead I watched it trend down all day. Bought at 15.60 and sold at 17.65 so I'm happy and don't have to worry if gold takes a day off. I'll just buy after the next consolidation.
No lol. Should have though. Golds so strong that I was waiting out the day. JNUG started to make a wedge and I was hoping for a break out on golds strength. But it broke down instead.
Hoping to see GDXJ take out 33.15 and stay above for a new break out. Looks like a lot of resistance at this price. If that happens we could have solid 18s and put us at a new range.
It looks like miners were forced to rally because of gold and don't really have strength of their own. I'm with you on the sell. Might have to sell today. Lots of profits and little strength upward. Also I'm going to Lake Tahoe on Wednesday through Saturday. Enjoy your vacation with the family SgtJBone.
I'm happy golds up. Not happy with the weird black candle rally we are having. I talked about it days ago. The only way to make money is buy and hold over night. Plus it's really negative sentiment and could turn on a dime. Any thoughts?
Looking good. Gold up 2 and dollar down .27. We are now in a upward trend with gold settling above 1229.
JNUG still trending up. I'm still holding my 15.60s. I want to see how the next couple of days pans out. Hope I don't regret it like last time we hit 17.40.
I know he's a pumper. But I believe the importance to be the Feds change in rhetoric from hawkish to dovish.
Andy Hoffman from Miles Franklin commenting on Janet Yellen's change in rhetoric from Hawkish to Dovish.
https://www.milesfranklin.com/audioblog-201-ding-dong-the-fed-and-with-it-the-precious-metal-bear-market-is-dead/
The minute the Fed reverses course is the minute gold surges.
This is pretty weak action. If we get back in the 17s I might just sell for the week end
I'm thinking at least 17s for today. If it doesn't get to that level I'll be very disappointed. Then Monday should be and up day.
Pre market has really taken the wind out of the sails on JNUG the past week. I'm hoping we see strength today even with this 5% pre market move
Nice!!!!!!! Dam I'm happy I kept one more day. Up to the 18 day is about 1236 and if we can break that we are off to the races for real.
It looks like miners are leading. I'm thinking of selling. I got greedy and was waiting for 18s and we only got 17.40. Should have stuck with my rule of 10% gain is a must sell. I'll keep a close eye on JNUG tomorrow and not take naps. Lol
Every time I walked away from watching this POS dropped 4%. In the morning I watched for a half hour, fell asleep and boom down 5%. I was surprised. Then it made its way back took all day and I took a nap. Boom down again.
I should sleep more at night and less in the day or just never take my eyes of this bitch. No reason for this action unless gold is going to go down to 1170-1200.
Could this just be a Yellen knee jerk reaction and miners will continue upward? Or did we just have a two day dead cat bounce?
All the gold charts were coming out of embedded readings and looked poised to move to the 18 day moving average. But the bears seem to be beating us down on no news and flat gold.
Lol. I listened to "The Gambler" by Kenny Rogers today while feeding the 1 year old. Guess it was fitting
There was no way to know what direction this thing was going. Only at the end and that was down.
I hate when the only way to make money is to hold over night. It's bad for everyone and throws doubt into a rally.
Wow that was an epic fail for a day
Funny you say that. I just built two mining rigs with 300 mega hash. I'm mining Ethereum for fun.
Nice. Is that the large physical buy you were talking about.
How high you think this wave will go 18s or 20s?
You in DarkPool?
They make you work for your money. I was surprised that it got down to 16.72. The way this thing trades will make you go crazy. The best thing to do is just buy as low as possible. Then they can't force you out of your position.
I've sold in the past to not take large loses. Just to see it rebound huge later in the day. On no news and no logic.
Well you know trading, being lucky helps sometime.
Greed gets me to. Sometimes I know I should sell and just hang on for the last penny. Or I have a certain number for a low in my head that I just want to buy at and it doesn't hit. But recently I just let the markets momentum dictate my buy or sell and try not to think about the number.
I Couldn't be happier. I got real lucky on this last trade.
I have two boys 1 and 5. So that's why I'm up all the time. And take naps in the middle of the day.
Also if you noticed GDX/NUGT had a larger decline from golds 1295 high then GDXJ/JNUG. So it looks like the rebalancing took place but in a downward trend. A little less noticeable. Basically GDX and GDXJ just got a fresh pair of tires and is ready to race. Gold just has to say go.
Did that make sense? it's late here.
Well booking profits is never bad. 16.60 right now. I could walk away a happy man. But I'm going to stick it out. Great trade for me so far.
Right, I'll be watching closely. What time is she speaking 2 or 10
Fed dude said rate hike looks doubtful. We might have hit bottom in the metals for now. I'm going to hold.
I think it has to do with trump jr and the Russians. Total bs
Did you check your computer because your up 4%
I'm thinking we put in a good floor for the miners. Looks like the 14s were oversold and didn't last but a couple of minutes. Tomorrow we will find out.
Bought 15.60 I hope that's the bottom
Sorry to hear that. I always feel that the MM watch what the retail investors do and do the opposite. When ever I get a good buy at the bottom they always test it. But if I miss the bottom like today JNUG flys 6.5%.
They are watching... be afraid lol