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Robert Edwards

Robert Edwards
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  • Gold & Gold Mining Stock Review For Week Of November 24-28, 2014 [View instapost]
    Was able to load up on Dec Gold Futures today 1192.20 to 1193.20 and sell out as gold rallied back towards 1200. With options expiration today, should try to go off close to 1200 to limit profits for 1200 strike put buyers.
    Nov 24, 2014. 08:36 AM | Likes Like |Link to Comment
  • NUGT/DUST & JNUG/JDST: Teeter-Totter Approach Still Advised But Seasonality Should Support Gold During August 2014 [View instapost]
    Just send me a personal email.
    Nov 17, 2014. 01:27 PM | Likes Like |Link to Comment
  • Credit Suisse: Gold to be in deficit by 2016; AEM, EGO are top picks [View news story]
    Don't look now but gold is back above the triple bottom 1180 support it held for so long. Very bullish action today!
    Nov 14, 2014. 12:36 PM | 3 Likes Like |Link to Comment
  • Credit Suisse: Gold to be in deficit by 2016; AEM, EGO are top picks [View news story]
    I second that on worthless gold. Pretty soon they are going to start selling the dirt and throwing away the useless gold when they mine, LOL! The dirt will be more valuable than the metal at this rate! Not!
    Nov 14, 2014. 12:35 PM | Likes Like |Link to Comment
  • Gold Bounced Off The Bottom, But Is Now Rolling Over...Not! GOLD JUST BROKE OUT TO THE UPSIDE! [View instapost]
    Gold, maybe on Putin saber rattling (tanks in Ukraine and starting flights over Gulf of Mexico) has already come back from the abyss and is now up $8. Miners are higher. So instead of breaking down, the wedge could now be broken out to the upside. However, we need to see a close in gold above $1170 for the upside breakout to look like it is occurring.
    Nov 14, 2014. 10:08 AM | Likes Like |Link to Comment
  • Gold Bounced Off The Bottom, But Is Now Rolling Over...Not! GOLD JUST BROKE OUT TO THE UPSIDE! [View instapost]
    One wedge pattern just completed and breakout to the downside, should be followed by another wedge pattern. We often see 3 consecutive wedge patterns so the current back and forth action could continue for awhile as gold slowly fades sideways to lower while trying to bottom. Ultimately gold will bottom when we finally strongly break out of the wedge pattern to the upside.

    If gold does form the consecutive wedge patterns like I am anticipating, it greatly increases the chances that $1100 is the worst gold has to fall to in the next several months. It shows there is buying coming in on dips, both physical and in futures, which keeps the market from making much headway to the downside. I see risk going long, down to $1100, with reward of a rally towards $1200 and possibly $1240.
    Nov 14, 2014. 09:14 AM | Likes Like |Link to Comment
  • 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
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489 Comments
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