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Robert Edwards

Robert Edwards
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  • 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
    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
    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

    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
    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
  • July Wheat Is Poised For A Small Rally [View instapost]
    Wheat did another cluster close, up just 1/4 cent from Thursday. However, by buying the dips below unchanged and selling out when trading in the positive, had a good day scalping from the long side, while waiting for the contract to launch.

    Soybeans have been especially strong the last few days and putting on a spread of buying soybeans and selling wheat against it, was a favorite trade this week. Finally today wheat closed up and soybeans closed down so next week there could be more profit-taking which will weaken soybeans and rally wheat as shorts buy back their positions, helping support the market.
    Jun 19, 2015. 07:54 PM | Likes Like |Link to Comment
  • July Wheat Is Poised For A Small Rally [View instapost]
    Overnight we made a slightly new recent low at 4.85 1/2 then later 4.85 and finally 4.84 3/4 before rallying back to 4.88 on opening. Then we surged to the $4.92s where I was able to sell out of all but 3 contracts purchased in the 4.85s to 4.89s. Will continue to buy dips and sell rallies. We could slip to 4.80 or even 4.75 before taking out 5.00 but right now looking like 4.84 3/4 might be the bottom for now.
    Jun 19, 2015. 10:34 AM | Likes Like |Link to Comment
  • July Wheat Is Poised For A Small Rally [View instapost]
    WEAT only trades during day hours. WEAT is not leveraged at all so movement is limited. Mini Wheat contracts have no restrictions on going short having to borrow shares, pattern day trader, etc. Also you can play the full contracts against the mini contracts to temporarily hedge. However, for those trading stocks, WEAT is still a viable choice.
    Jun 18, 2015. 06:41 PM | Likes Like |Link to Comment
  • China (FXI) Has Been Hot Lately, But Is It Time To Short China Using Leveraged ETFs, FXP Or YANG? [View instapost]
    After the carnage we have seen recently, I am more apt to scalp from the long side of the market. I purchased YINN today at 47.00. small position as figure we might get a snap back rally for a couple days.
    Jun 18, 2015. 04:01 PM | Likes Like |Link to Comment
  • Hanging Man Formation Is A Warning To Natural Gas Bulls [View instapost]
    Near highs of day I shorted natural gas futures but did not hold for long. I did buy DGAZ at 5.03 near the low of the day. Anyway, the down close today confirmed the bearish hanging man and although there could be strength Thursday expecting a roll over and like buying of DGAZ on dips (nat gas rallies).
    Jun 18, 2015. 12:59 AM | Likes Like |Link to Comment
  • Still Like Scalping In UGAZ Over DGAZ, Looking For Bottom In Natural Gas [View instapost]
    Today we really popped in natural gas, breaking above 2.80 and 2.85, taking out 2.88 resistance and resting just under last week's 2.922 high. Taking out $2.922 should cause test of 2.95 to 2.96 and we may correct maybe 10 cents lower from there but maybe not. We might shoot right for $3. We could even get above $3 to the $3.10 level this week. But first we have to see what Tuesday holds.
    Jun 15, 2015. 06:16 PM | Likes Like |Link to Comment
  • Gold Should See A Seasonal Low This Week! [View instapost]
    Here is Frank Holmes video mentioning how gold frequently bottoms between middle of June and middle of July click
    Jun 15, 2015. 05:32 PM | Likes Like |Link to Comment