• Robert Edwards
    Time For Gold, $GDX, $GLD, $NUGT $NEM To Man Up & Rally, $DUST To Go Away. New article, click http://seekingalpha.com/p/1g5l3
    11/23/13
    Reply (62)
    • davePx: Just reading a kitco article calling for 1190 in gold before rally...a possibility but my focus is at 1199 ....Then up
      11/23/13
    • davePx: Small rally's and declines next week until some spark ignites momentum and upward movement. Dec selling for tax is an unknown.
      11/23/13
    • Growfast: RE - What do you think about holding NUGT, but selling calls out in Jun 14 around 40 at 8.8? Would lower cost basis to 32.2 and shield
      11/23/13
    • Growfast: against any downside, if we do visit 1200. Only challenge is on rally, may be hard to sell NUGT as then we would have naked calls on NUGT
      11/23/13
    • Growfast: and....that can be dangerous. Or, of course, if we do see lower prices to Gold 1200, we should be able to buy back the Jun calls lower
      11/23/13
    • Growfast: Key seems to be, when we do rally, we want to be in and not miss it.
      11/23/13
    • davePx: Yes, at this point I am just hanging in there sitting on a ton of NUGT. I am expecting to recover out by year end an trade into 2014
      11/23/13
    • Robert Edwards: Grow, hopefully gold hangs in and actually pops $20 to $25 early next week and takes care of everything. If I did sell NUGT, I would buy
      11/23/13
    • Robert Edwards: I would buy NUGT back the same day or the next day at lower prices, and daytrade down. This is what I did on the last selloff and I was
      11/23/13
    • Robert Edwards: I was ahead on the first decent sized rally day. I just erred in buying too much NUGT just below 38 on the Wedn Fed minutes day.
      11/23/13
    • Robert Edwards: It would not take much of a gold rally to get rid of 2/3 of my position. I have 400 NUGT @ 43.80, 400 NUGT @ 41 & 400 NUGT @ 37.75
      11/23/13
    • Robert Edwards: I will not sell NUGT unless gold really tanks other than to daytrade 200 to 400 shares at a time. I am not worried about 1200 in gold
      11/23/13
    • Robert Edwards: not worried about GDX down to 21.25 Below 21.25 it would get my attention as NUGT would be slipping below 29. I think I will be able to
      11/23/13
    • Robert Edwards: judge the mood of the market and follow gold metal and have a good idea if I have any real worries or not. When I get aggressive, I usually
      11/23/13
    • Robert Edwards: Usually get healed real fast. I just never saw the need yet 2 do anything drastic. Regarding options, with 10% monthly deterioration n NUGT
      11/23/13
    • Robert Edwards: 5 1/2 months to expiration, NUGT underlying will slip 55 to 60% in value so protection of even $8 based on $40 is just 20% protected.
      11/23/13
    • Robert Edwards: The options would cover 1/3 of loss which is still helpful, even if it is temporary protection. An in the money call would have been great
      11/23/13
    • Robert Edwards: going into the Wedn. Fed minutes announcement. If it rallies, no sweat, get exercised, but if falls, then big protection afforded. Will do
      11/23/13
    • Robert Edwards: will do that probably next time. After Friday 11/15/13 selloff Monday had to immediately rally. When it didn't, should have protected self
      11/23/13
    • Robert Edwards: My bullishness blinded me to the reality of magnitude of short interest n GDX by big $. GDX will fall till bullish money makes a stand.
      11/23/13
    • Robert Edwards: After a few of these experiences I may conclude that DUST & NUGT r too toxic to play other than daytrade and not to be held over 1-2 days
      11/23/13
    • Robert Edwards: GDXJ fell 9.7% this week to 32.50, while GDX fell 7.8% . May start trading GDXJ as it has more volatility than GDX but not leveraged.
      11/23/13
    • davePx: When I said I wanted to recover by the end of 2013 I envisioned hard work and heavy day trading...this will be round 3 for me and I am
      11/23/13
    • davePx: Getting tired of the hard work it take to manage NUGT...DUST
      11/23/13
    • Growfast: Completely understand that position, davePx.
      11/23/13
    • Robert Edwards: Gold fell less than 4 %, half what GDX did. If GDX keeps falling twice as much as gold when gold falls 50%, GDX will be zero. Ever change?
      11/23/13
    • Growfast: I suspect it will have to make up for this by 2x velocity on the upside at some point
      11/23/13
    • justin.zhou10: Gold selling pressure got weaker last week although 1250 was broken. It should stabilize until job report. Some bounce expected.
      11/24/13
    • vanebfbc: The thing about gold price is that it's manipulated to unrealistic low range, so any small news will have great effect on price next week.
      11/24/13
    • njtoms: R.E. "My Bullishness Blinded me." RE bought above 42 averaged down, but will Sell for a Loss; if Nugt collapses. Engenders Bullishness?
      11/24/13
    • dan1981: With ecb cutting interest rate I took dust position which I hold till today gold does not seem to have fundamental support
      11/24/13
    • Robert Edwards: Noel, it is not so much the bullishness blinded me but the fact that miners were so much weaker than gold this week. Had they only dropped
      11/24/13
    • Robert Edwards: just under 4% like gold, instead of nearly 8% like they did, damage not that bad. Double % selloff in miners continues till we rally I guess
      11/24/13
    • Robert Edwards: We r right in the sweet spot of bottoms, but have not yet dropped to the most extreme low it can go. But not much more to go in any case
      11/24/13
    • Robert Edwards: GDX is down 66.3% on the current selloff from $66.11 to $22.25. Historically miners bottom 48 to 73% off highs, 8 times last 50 yrs plus now
      11/24/13
    • $DUST: Well lets see if we can get some sort of reprieve Monday. I enjoyed the weekend but here comes another week.. hehe
      11/24/13
    • RANBHA: NY Time Gold's Slump May Continue Next Week; $1,220s A Possible Target - Kitco News, Nov 22 2013 2:32PM
      11/24/13
    • $DUST: nj either you are 12 or just losing some brain power. What is your deal trolling around here?
      11/24/13
    • $DUST: ah man there goes another downer
      11/25/13
    • $DUST: I am considering on exiting, there is too much downside on gold
      11/25/13
    • WallysWrld: My broker wont let me trade until 8am, so we need London Exchange to turn this around like they did Oct15th, Gold options expire today help?
      11/25/13
    • Robert Edwards: It was a 1:00 a.m. bear raid smackdown single large order that killed gold and halted trading ten seconds. no follow thru. 1226.40 low
      11/25/13
    • Robert Edwards: Dust, they r just waiting 4 u to get out so they can rally. don't blame u one bit but waiting this long, what is just one more day. Tuesday
      11/25/13
    • Robert Edwards: Tuesday is supposed to b an option expiration rally kickback that could b big. but at this point what do I know, right? in june low the
      11/25/13
    • Robert Edwards: miners rallied one day early out of the hole, ahead of gold. Stops will hit on opening so we should open on low & rally from there.
      11/25/13
    • Robert Edwards: we r n classic bottoming mode and not in carry thru to lower prices mode. gold is fighting going down, not anxiously adding to losses.
      11/25/13
    • Robert Edwards: miners r at major support and months from now we all will say what a bargain price it was. we r surely pennies from the bottom
      11/25/13
    • Robert Edwards: no more dollars down, we r pennies from the low. we suffered thru the dollars, can we hold thru the last few pennies. look at NEM chart
      11/25/13
    • Robert Edwards: NEM does not want to go under 25.50. not extending lows. instead we r fighting to go lower. pulling teeth to get NEM under 25.50.
      11/25/13
    • Robert Edwards: shares & money goes from weak hands to strong hands. if u r weak hands u dump at bottom. strong hands waits for rally. u choose who u r
      11/25/13
    • Robert Edwards: gold is right to the 1227 support that I called for. If ever there was a time to stand strong it is now. victory is at hand.
      11/25/13
    • Robert Edwards: when gdx bottoms it will pop 4 or 5 dollars real fast so if we bottom even at 20, u can get out 24 or 25. make gdx prove it can go thar low
      11/25/13
    • Robert Edwards: I am calling the markets bluff. I see the low being higher than 20, like 21.35, and 4 to 5 dollars above that looks really good. I wait.
      11/25/13
    • Robert Edwards: New article and thread, click http://seekingalpha.com/p/1g8nd
      11/25/13
    • ptTL9: http://seekingalpha.com/a/13vlz
      11/25/13
    • $DUST: today will decide a lot of things, If we fail to bull here it will be very painful to keep any longer.
      11/25/13
    • Robert Edwards: Gold back above 1240 is a good start. Anyone who sold in premarket in GDX below 22 is not being rewarded too well. Those who held fast are
      11/25/13
    • $DUST: lets hope this can keep up and see nugt in 35s today
      11/25/13
    • $DUST: man this is some bs
      11/25/13
    • Growfast: DUST, if you are really worried about downside in NUGT, you could offset with buying some NUGT puts.
      11/25/13
    • $DUST: well its a bit late now :P
      11/25/13
    • davePx: Only made the decision at the time of post
      1/7/14
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