Seeking Alpha
  • Robert Edwards
    Hoping we drop back to 60 so I can add more. I will continue to add down to 50 in $DUST. Still looking for top in gold so DUST hits 120
    8/13/13
    Reply (29)
    • Robert Edwards: Took more profits 65.40, hoping to buy those shares back $2 to $3 lower if we dip to $63 again or a bit lower.
      8/13/13
    • MikeNeedsHelp: Robert, I took a total & complete DUST bath in the past 3 months. Thank you for your insight. Hopefully I can recover a morsel or two.
      8/13/13
    • Robert Edwards: Don't beat yourself up. It is easy to get killed in DUST as you get too big and you panic and sell at the wrong time. Play very small!
      8/13/13
    • Robert Edwards: If playing 200 DUST you buy 20 shares every $1 dip from $70 to $50. Then take profits on rallies on low shares. Frees up cash to buy dips.
      8/13/13
    • Robert Edwards: CORRECTION! U Can Buy Only 10 shares every dollar dip on a $20 selloff. See, I over figured what I could buy. Easy to do with DUST.
      8/13/13
    • Robert Edwards: Yesterday was 3rd hard down day in DUST so I knew it was due for a bounce. Look at chart how 3 down days stops drop most times in DUST.
      8/13/13
    • Robert Edwards: Tomorrow could be sideways and then we could have 3 down days in DUST again where I pick up shares $50 to $55 area which would be bottom.
      8/13/13
    • MikeNeedsHelp: I need to hang in there today and hope that tomorrow brings me a few points more before I sell. And who said hope was not a strategy.
      8/13/13
    • Seatown20: Keep the info coming Robert, very helpful!!
      8/13/13
    • mbayrakdar: "we could have 3 down days in DUST" that contradicts what you wrote in your last article...
      8/14/13
    • Robert Edwards: Right. My article said gold Mon. thru Fri. is Up, Down Up, Down, Down. These are the two possibilities. We still don't know which is true.
      8/14/13
    • Robert Edwards: GDX is outperforming gold metal again today. DUST falls more than it would otherwise. Bot high 56s and low 57s today, now 45% position in.
      8/14/13
    • Robert Edwards: If GDX hit $30, DUST would be $48. Readjusting possible low down to $45 instead of $50. Will have my full position on at $45 to $46 area.
      8/14/13
    • Robert Edwards: According to my article Thurs and Fri should be down hard in gold and DUST up big. If I am wrong, gold rallies thru Friday and DUST hits 45
      8/14/13
    • Robert Edwards: If DUST falls thru Friday, that should be major low, and we recover quickly to $70 and eventually $100 or higher, if it trades as expected.
      8/14/13
    • haggerston_station: Regardless of where DUST ends up tomorrow, your insights have been very helpful. Cheers Robert.
      8/14/13
    • haggerston_station: just noticed the big OI for NUGT at 6 and 8 strikes for this week's OPEX. Think they will try to drop NUGT below 6 to wipe out the calls?
      8/14/13
    • mbayrakdar: How soon do you anticipate a hike to 100 if it falls thru Friday?
      8/14/13
    • mbayrakdar: How soon do you expect a hike to 100 if it falls thru Friday?
      8/14/13
    • Robert Edwards: Could take 2 to 4 months to get back to 100, but a few days to get back to 70 and 1-2 weeks to hit 80. The next couple days should be fun.
      8/14/13
    • Robert Edwards: Sold premarket 58.50 on half my position. Bot twice since in mid 55s and sold 57 and 58. Will continue to buy dips. Bottoming in DUST
      8/15/13
    • Robert Edwards: Bot 55.64 as we are holding just above 55.50. Buying dips is paying off today. Holding cash to buy if we drop to 50 but hope we hold here
      8/15/13
    • Robert Edwards: bot 55 and 54, now 60% of full position on. Still having trouble rallying so I will take partial profits on any strength
      8/15/13
    • Robert Edwards: Sold half my position at 53.50 and bot back 48.50 area and now 80% position is on. GDX hit 30 resistance so should get pops soon in DUST
      8/15/13
    • Robert Edwards: I was wrong about gold selloff today, it went the other way. Still have a low average price. Will lighten up on any rallies next 2 days
      8/15/13
    • Robert Edwards: Last trading high in GDX was 30.58. More resistance at 31.00. Surely that will cause some back and fill and allow me to dump some DUST.
      8/15/13
    • haggerston_station: why dump DUST today if you think it's going up tomorrow?
      8/15/13
    • Robert Edwards: I will just sell the lowest shares bot at 48.50 to reduce my size from 80% to 60% and free up cash for adding lower if Fri. is weak.
      8/15/13
    • haggerston_station: I just bought some NUGT 9 puts to go along w my DUST holdings. Took a beating today but tomorrow should be another fun one.
      8/15/13
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