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Robert Edwards

Robert Edwards
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  • The Stock Market Is Not The Only Ugly Looking Chart Action, Just Check Out Gold! [View instapost]
    They are in the process of bottoming but it is too soon to say commodities have bottomed for sure. I think gold retests the lows one more time and makes a marginal new low towards $1050, at minimum. Crude oil finally bounced in dramatic short-covering fashion popping 20% in just the last 2 days, but it too is now just at the beginning of a bottoming process and could also still make new lows. It is time to scalp from the long-side but not go all in yet as it is too soon to call a bottom.
    Aug 30, 2015. 05:52 PM | Likes Like |Link to Comment
  • For Now, December Gold Under $1150 Is A Steal! [View instapost]
    Saw an options action article about GLD options is very prescient, as they are looking for another 4% move up in GLD over the next 2 weeks, to add to the 4% gain already seen.
    Aug 21, 2015. 10:16 PM | Likes Like |Link to Comment
  • Crude Oil Is At Critical Support And Should Bounce Shortly, But ERX Has Already Bottomed! [View instapost]
    I want to give a shout out to Rik Patel, a member of our Short Bull Traders WeChat Chatroom, who made the suggestion recently to look at ERX. In looking at the various ETFs and ETNs, ERX definitely has the best looking chart. This is one of the advantages of trading with others and sharing ideas in a Chatroom. Come join and learn and share!
    Aug 17, 2015. 10:25 PM | Likes Like |Link to Comment
  • The Bottom Is Near For Gold Mining Stocks In GDX & GDXJ, As Well As IAMGOLD (IAG) [View instapost]
    I see the Barrons cover story this weekend is Commodities Are A Buy!
    Aug 9, 2015. 12:09 AM | Likes Like |Link to Comment
  • The Bottom Is Near For Gold Mining Stocks In GDX & GDXJ, As Well As IAMGOLD (IAG) [View instapost]
    Here is an article where a large trader is betting big on a rally in GDX with a time limit of one week, the very week now coming up, click http://yhoo.it/1hquyYR

    The calls that were sold went off worthless thanks to a late day selloff in GDX on Friday so now the calls that were purchased could be quite lucrative and a bet of less than $40,000 net could realize a gain of 1 to 4 million if GDX can rally this coming week!
    Aug 8, 2015. 05:21 PM | Likes Like |Link to Comment
  • Short Term Price Projections For Gold (GLD) And Crude Oil (UWTI) [View instapost]
    Crude oil dipped a bit lower than expected today, barely closing above $47 on the close. This makes crude oil vulnerable for a move to $45 by next Tuesday but should hit $50 by next Friday. If we hold $47 then we should hit $50 by Wednesday.
    Jul 31, 2015. 03:11 PM | Likes Like |Link to Comment
  • Short Term Price Projections For Gold (GLD) And Crude Oil (UWTI) [View instapost]
    For a bit of encouragement for gold bulls, check out the spot gold chart from Albert Edwards where he projects a future gold price of $60,000 by the end of 2017. Click http://tinyurl.com/p76...
    Jul 31, 2015. 04:27 AM | Likes Like |Link to Comment
  • IAMGOLD (IAG) Is A Fire Sale You May Not Want To Miss [View instapost]
    Check out this article if you have any questions we need to be buying gold stocks right now, click http://seekingalpha.co...
    Jul 26, 2015. 12:40 PM | Likes Like |Link to Comment
  • IAMGOLD (IAG) Is A Fire Sale You May Not Want To Miss [View instapost]
    We are starting the bottoming process in gold. I was looking for a $49 lower move than the previous low of $1133 which was $1084 and we stopped at $1072 but each new low we bounced well including a late day rally on Friday. I am impressed with this action and it is looking more and more like we are near a bottom but could still fall to $1050 one more dip. However, more likely than not we did bottom on Friday and will work higher towards $1142 to $1162 where we will roll over most likely to retest lows again.

    Below $1100 in gold is a better buy than sell in the short-term. I can tell you that much, as we should surely stop falling for now, before we hit $1000 and most likely stop at $1050 and are due for a $100 to $200 short-covering rally off the bottom. Any big move will be to the upside and not the downside. Bank on that!
    Jul 25, 2015. 04:44 PM | Likes Like |Link to Comment
  • Will Gold (GLD) Triple Bottom Around $109.75 Or Does It Have To Fall To $105 First? [View instapost]
    If we do bottom now and work our way back to $1200 and then fall to the ultimate $1100 bottom, it could take 3 or 4 months to bottom, which would put the ultimate gold low coming in October or November, 2015. Check out this article where Rambus Chartology is looking for a bottom in the October/November 2015 time frame, click http://bit.ly/1MxfRwK
    Jul 16, 2015. 09:45 PM | Likes Like |Link to Comment
  • The Bearish Cycle In Natural Gas Ends Tuesday July 21st, So Be Cautious Trading DGAZ Over The Next 3 To 4 Weeks  [View instapost]
    Check out this analysis at FXEmpire on natural gas for today, click http://bit.ly/1CK2GZ3

    The 10 day moving average crossed over the 40 day moving average and MACD generated a buy signal. RSI is moving higher, so don't marry your DGAZ trades.
    Jul 16, 2015. 04:52 PM | Likes Like |Link to Comment
  • What Every Trader Must Understand Before They Trade Leveraged ETFs Like NUGT & DUST [View instapost]
    You are correct that the bid/ask spreads are huge and there is a lack of liquidity making the options not a good choice for protection when trading leveraged ETFs. This just points all the more to the fact that leveraged ETFs should only be employed for a few days at a time or maybe a week, but require constant monitoring and adjustment as slippage can occur rapidly. When in a loss, it is advisable to take off half your position every Friday at a loss to raise capital to employ at lower prices. Another trick is to not employ the triple leveraged ETFs until an extended move down has occurred and you are buying them very, rock-bottom cheap. And even then you want to wait for a buy signal. As you are trying to bottom you can also take partial profits on small rallies and use the funds to buy lower, to further average down your position.
    Jul 15, 2015. 07:03 PM | Likes Like |Link to Comment
  • Selling Out Of The Money December Lean Hog Puts For Income! [View instapost]
    This guy sees pork prices in the low to mid 70s in the 4th quarter. If correct, these 48 and 50 puts should go off worthless click http://bit.ly/1gvy1F8
    Jul 12, 2015. 01:18 PM | Likes Like |Link to Comment
  • What Every Trader Must Understand Before They Trade Leveraged ETFs Like NUGT & DUST [View instapost]
    We have been down 5 days in a row and today would make 6 if we stay down here below 1170 in gold. Very oversold. If we can stay above 1162.10 in August gold could pop back 20 to 30 dollars very easily and help your NUGT trade. A little late right now to dump. Better to wait for a rally and we are very due for a rally.
    Jun 26, 2015. 09:39 AM | Likes Like |Link to Comment
  • We Should Know Soon If The 2015 Natural Gas Market Is Going Higher Like 2012, Or Going To Roll Over Like 2009 [View instapost]
    They did the weekend smackdown. This time a bit severe at 7 to 8 cents but already bouncing a bit. Will blame it on cooler temps in forecast. Should hold 2.70 or 2.60 support for now and attempt rally but may not get much above 2.85 this week. Hopefully 2.70 holds and we can shoot for higher prices.
    Jun 21, 2015. 08:12 PM | Likes Like |Link to Comment
COMMENTS STATS
570 Comments
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