Tuesday, April 12, 2016 4:54:48 PM
The real things with meat brought GDX to about 17ish. The pump campaign has taken it much higher. I'd say probably once the pump turns into the dump phase GDX will go back to 17 when it is all over with.
As you know I am not talking about gold itself. The gold chart and miner's charts are very different. Gold doesn't have that parabolic pump look to it. Also gold is a commodity so it doesn't have bad balance sheets, have valuations of 80 times earnings, or burdened with huge debt, or barely profitable if profitable at all etc etc etc like miners are.
Anyway, lets see if the dumping in miners starts at GDX 23. I am in DUST still but pulled back on my position some. I'm only in with my penny stock play money right now. I have my big boy money ready however. This pump job is a really good one and I think it has the power to get GDX to $27. If that happens I'll have my big boy money ready. The dump from there will be big as it will fall all the way down to 17 IMO.
I had a great day with UWTI again. Fortunately here I am 8 out of 9 in trading DUST. My last trade here did not pan out. Now that I realize how big of a pumping campaign is on-going with the miners I know what I am dealing with and that helps a lot. Have to be cautious now until the dump phase comes in, it will eventually. Good part is that with the amount of pumping they are doing the dumping will be very large and if we are paying attention we will be able to notice the start of the miner dump phase and really load DUST. We just have to be patient and let the pump phase wear out.
Knowledge + risk taking = prosperity
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