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Robert Edwards

Robert Edwards
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  • UGAZ: Natural Gas Has Exploded Higher! How Much Higher Can It Go? [View instapost]
    Nat Gas is correcting and should have support in the $3.91 gap area. Nat gas bottomed at 3.63, then popped 92.4 cents to 4.544. I am looking for a 38,2%, 50%, or 62.8% Fibonacci correction. 38.2% already broken at 4.19. 50% is 4.08 and 62.8% is 3.97. So far hit 4.121 low today.
    Nov 11, 2014. 08:22 AM | Likes Like |Link to Comment
  • UGAZ: Natural Gas Has Exploded Higher! How Much Higher Can It Go? [View instapost]
    The technical problems have been solved and I was able to revise the article.
    Nov 10, 2014. 10:37 AM | Likes Like |Link to Comment
  • Gold & Gold Mining Stocks: We Are Witnesses To History In The Making [View instapost]
    So far so good. Gapped up Monday, 11/3/14, on daily and weekly and even monthly basis, and made another higher high today, so all go right now for higher prices.
    Nov 4, 2014. 09:18 AM | Likes Like |Link to Comment
  • Gold & Gold Mining Stocks: We Are Witnesses To History In The Making [View instapost]
    John tiwari directed me to this article, also looking for a short-term oversold bounce in miners, click http://stks.co/i1FKG
    Nov 2, 2014. 02:51 PM | Likes Like |Link to Comment
  • Looking At 2008 To Get Clues How The Gold Mining Stock ETF (GDX) Might Bottom [View instapost]
    Thanks for the reply, your comments are encouraging.
    Nov 1, 2014. 10:22 AM | Likes Like |Link to Comment
  • Looking At 2008 To Get Clues How The Gold Mining Stock ETF (GDX) Might Bottom [View instapost]
    If my son had known when he bought that the miners would so greatly underperform the metal and have this devastating washout, of course he would have, and should have waited. However, IAG is now trading under $2. It could fall to $1.50 or even $1.30, but that does not change the fact that this stock is extremely cheap and the current valuations do not appear justified under any circumstances one can imagine. This stock has gone from $1s to $20s, $2 to $20s, and now is back in the $1s. I see no reason why in the future it could not go back to the $20s, $30s, $40s or $50s if gold would in the future be trading at $3,000, $5,000 or $10,000.

    Just to return to book value which the stock should surely do in a takeover, would be fabulous.
    Nov 1, 2014. 10:22 AM | Likes Like |Link to Comment
  • Looking At 2008 To Get Clues How The Gold Mining Stock ETF (GDX) Might Bottom [View instapost]
    Japan doing the surprise stimulus overnight caused the Yen to fall and dollar to rally, knocking the support from under gold. I shorted gold 1189.50 and 1175.50 while buying back in low 1160s, and then bot a micro contract 1161.50 for small scalp. Will scalp gold metal from the long side into the 1150 to 1135 support area in Dec Gold, where I anticipate a possible short-term bottom.

    The miners are being obliterated and I plan to use any strength next week to unload my JNUG to buy back cheaper down the road, and will instead concentrate going long UGAZ and natural gas as well as scalp some gold.
    Oct 31, 2014. 06:01 PM | Likes Like |Link to Comment
  • Will The Gold Mining ETFs (GDX & GDXJ) Ever Bottom? [View instapost]
    UGAZ is looking excellent. If we correct one more time towards the low I want to add a good deal more, or will add if we take out $4.00 resistance, or both!
    Oct 30, 2014. 05:50 PM | Likes Like |Link to Comment
  • Will The Gold Mining ETFs (GDX & GDXJ) Ever Bottom? [View instapost]
    That is the million dollar question. If the miners don't start acting better like immediately, then it could portend lower prices. I based my analysis on a 10% correction below support but one cannot rule out the possibility of a 20% correction below support which would cause JNUG to fall to $3 to $3.50. We hope we don't see prices in the $3s but the possibility of it happening is greater than zero. Right now that kind of wipeout does not look likely but that could change.
    Oct 30, 2014. 12:32 PM | Likes Like |Link to Comment
  • Will The Gold Mining ETFs (GDX & GDXJ) Ever Bottom? [View instapost]
    Small cap market manipulation for sure. There is no correlation with gold right now because the miners fall when gold falls and fall even when gold rises. Large hedge funds are apparently leaning on these stocks hard and they will fall until buying comes in to stop them.
    Oct 30, 2014. 10:18 AM | Likes Like |Link to Comment
  • Gold Mining Stocks Struggle To Hold Onto Support [View instapost]
    I am constructive on the miners longer-term, in fact, extremely bullish. The problem is getting that turn and bracing for it getting worse before it gets better. The miners do not have to drop another 10 to 20% based on any fundamental factors, any further drops would just be technical, and based on hedge fund liquidation. The ones who buy as the hedge funds are selling will be the big winners. Not cautious related to GDX or GDXJ, only cautious on NUGT and JNUG since they are leveraged.
    Oct 28, 2014. 11:49 AM | Likes Like |Link to Comment
  • Based On Seasonals, Now Is The Time To Get Long Natural Gas & UGAZ!  [View instapost]
    Don't see any problem with gold in here, just the miners are underperforming, washing out the bulls, very pathetic! All this underperformance will someday switch to outperformance by the miners and especially the Juniors, but not yet.
    Oct 24, 2014. 05:28 PM | Likes Like |Link to Comment
  • Based On Seasonals, Now Is The Time To Get Long Natural Gas & UGAZ!  [View instapost]
    Hopefully we are near a bottom in Nat Gas and we start to rally shortly, but with NG you can never be too careful. They don't call Nat Gas the widow maker for nothing!
    Oct 22, 2014. 12:37 PM | 1 Like Like |Link to Comment
  • The Dow Has Fallen 6 Days In A Row -- Should I Be Bullish? [View instapost]
    The DOW bottomed after falling 1510 points from its all-time high. It has now rallied over 50% of that amount with today's close, in just 4 trading days.
    Oct 21, 2014. 10:18 PM | Likes Like |Link to Comment
  • The Dow Has Fallen 6 Days In A Row -- Should I Be Bullish? [View instapost]
    We did bottom right on schedule with the 6 down days, and have now rallied for 3 days. Buying severe weakness was a good trade again, looks like.
    Oct 21, 2014. 02:13 PM | Likes Like |Link to Comment
COMMENTS STATS
483 Comments
21 Likes