• Robert Edwards
    Despite today's weakness, $NUGT, $GDX, $GLD, $NEM should all start moving higher shortly, lower $DUST, click http://seekingalpha.com/p/1glt9
    12/2/13
    Reply (72)
    • shopvac20: this morning my enthusiasm took a hit... lets get some momentum.
      12/2/13
    • Robert Edwards: Very frustrating indeed. Sellers r relentless in their attempt to move gold lower especially when it appears a rally is about to begin
      12/2/13
    • Robert Edwards: opening so weak, there will b a tendency to try & rally 2 close the gap lets hope. that may work n favor of the bulls. still above the low
      12/2/13
    • gonetouring: We could be in for a wild week.. plenty of news points for JPM et al to move prices as they want ... ho hum
      12/2/13
    • Robert Edwards: gold just broke last weeks low by nearly $2 so gdx makes new low at 21.50.
      12/2/13
    • justin.zhou10: the lower the price, the lower the cost and the harder the bounce
      12/2/13
    • Robert Edwards: Just before 10:00 a.m. report, ABX # 21, NEM # 24 & GLD # 82 Buying on Weakness.
      12/2/13
    • Robert Edwards: Just after the report, ABX falls to #34, NEM to # 40, & GLD no longer in top 100 Buying on Weakness.
      12/2/13
    • Growfast: Another interesting day indeed. My put hedge is showing green - but that isn't where I'm looking to make profits
      12/2/13
    • Robert Edwards: At 10:17 a.m. ABX #40, NEM #53, but AEM now on list at #93, & SLW #92. Need gold to get back above 1230.
      12/2/13
    • justin.zhou10: gdx actually was not that bad. it is still above the low of last week and gold continuously hit new lows
      12/2/13
    • Robert Edwards: Nov. factory activity highest manufacturing level since April 2011. In 2011 we made gold highs on strong manufacturing, now we fall. ????
      12/2/13
    • Robert Edwards: QE3 had not even started in April 2011, and gold was about to surge in next 5 months to $1900+. Gold acts like QE3 never happened.
      12/2/13
    • Robert Edwards: In 2011 strong data was gold positive, in 2013 it is negative. In 2014, strong data should turn gold positive again as stock market drops
      12/2/13
    • Robert Edwards: Herd mentality gold sells off on taper worries & strong data that is inflationary & actually very gold positive long term. Tide will turn!
      12/2/13
    • Robert Edwards: QE3 tells us we are weak and need stimulus to prevent deflation. Getting rid of stimulus is very good for gold. Strong data is too!
      12/2/13
    • davePx: Investors are just not interested in gold ...too caught up in stocks. Look more likely to see sideways movement with volitlity
      12/2/13
    • Robert Edwards: Buying on weakness at 10:47 a.m., ABX #40, NEM # 73, SLW # 70, IAU # 99.
      12/2/13
    • Growfast: davePx - Any thoughts on what you think the upper and lower ends of the range on sideways movement will be?
      12/2/13
    • Robert Edwards: Important battle waging at 21.50 n GDX. Very important we do not go lower than 21.40 and hopefully hold 21.50 area. GDX needs to man up now
      12/2/13
    • davePx: Contrarian side has gotten the best of me here...
      12/2/13
    • Robert Edwards: Time to pray for a miracle. Looking as dark as it can get down here. Need reinforcements to hold the line. Key time now in the game.
      12/2/13
    • Growfast: Just no energy around Gold at the moment....but, all it takes is one big investor to decide now is the time to make the move and voila
      12/2/13
    • Robert Edwards: At 11:03, ABX #56, NEM #81, SLW #85, buying on weakness. No change yet seen in trend, but hope springs eternal. Darkest before the dawn.
      12/2/13
    • Robert Edwards: Where is Carl Icahn when u need him? Grow, make a call to Carl. He buys & we go green in a hurry! Need an upgrade n miners based on price
      12/2/13
    • Robert Edwards: Cheap valuations in miners, unbelievable value. No one wants to step in and b the first 2 catch the falling knife. Like to buy hi not low
      12/2/13
    • Robert Edwards: $1225 area gold is support area. More support down to 1200 and lower. Need to get gold to bounce off the bottom n here and miners can too
      12/2/13
    • Robert Edwards: 11:17 Buy on Weakness, ABX # 56, SLW # 67, NEM # 78, IAU # 96, AEM #98. Slow trickle of buying, need to build on this positive trend
      12/2/13
    • Robert Edwards: At 11:32, Buying on Weakness ABX # 61, SLW #70 NEM #79, GLD # 83 IAU # 98. Slipped a bit overall but GLD made the list!
      12/2/13
    • shopvac20: this bull is starting to lose confidence in a possible rally .. trying to hold fast!
      12/2/13
    • Growfast: Looks like we may need to go test that 1200 low, then rally off that. If so, bring it on and lets get it done so we can run.
      12/2/13
    • cnype: hehe, praying for miracles... i like that investment strategy
      12/2/13
    • dan1981: RE can gold go 1150 from here ?
      12/2/13
    • shopvac20: this has been a very painful several weeks, is there a bottom ?
      12/2/13
    • justin.zhou10: Anyway, the bounce will happen and I will be there.
      12/2/13
    • Growfast: Bought some more NUGT. Lowered basis a bit.
      12/2/13
    • Robert Edwards: Last Monday we did a GDX hammer similar to 10/9. In October, 4th trading day later, new low by 42 cents to 22.71 and then rallied big
      12/2/13
    • Robert Edwards: Last Monday 11/25, did hammer in GDX and today is 4th trading day and new low by 31 cents so far. Could rally from here but who knows?
      12/2/13
    • Robert Edwards: 22.21 of June 26thGDX low is now 21.21 low today so we made new low by $1. Should bottom between here and next 50 cents in GDX hopefully
      12/2/13
    • justin.zhou10: Gold probably will test 1200 soon and GDX is oversold worse than June. It is interesting see when GDX will stop falling.
      12/2/13
    • justin.zhou10: Friday Job report could be a hint if turning point is reached.
      12/2/13
    • Growfast: It is looking awfully DUSTy outside. Once a little breeze stirs up, the DUST will blow away. Hard to believe we are at 1220. This can't
      12/2/13
    • Growfast: continue.
      12/2/13
    • Robert Edwards: Capitulation in gold now under 1220 and also in miners. at major support but where it stops...???
      12/2/13
    • shopvac20: This is to painful, coulda shoulda woulda .. this is stupid
      12/2/13
    • Robert Edwards: DUST has had no problems going from the 20s to the 40s. NUGT will have to turn into DUST & do the same it looks like.
      12/2/13
    • dan1981: Waiting for gold 1180 to make nugt entry if it comes. Sold dust 44 that I bought 33.25 . No position now :)
      12/2/13
    • njtoms: Doug Kass Saying it "could be a couple of tough weeks" for Gold. Due to Tax Selling. From his Twitter Blog.
      12/2/13
    • Robert Edwards: I don't know where I will get out of NUGT/GDX/NEM, but I have a feeling I can get a lot better than 27, 21 & 23.80
      12/2/13
    • melanielshop: Ok it is what it is...anyone have an idea of where the bottom is so I can average down close to the lows
      12/2/13
    • vanebfbc: Weird drop today. Reinitialized again at 27.3 for bounce play as this drop in miner is unjustified.
      12/2/13
    • Growfast: Must be nice, Dan. But, when the DUST settles, the NUGT will rise and you will definitely want to be in for the ride.
      12/2/13
    • Robert Edwards: If NEM bottoms today, the $3 to $5 rally gets us back to $27 to $28.50. GDX rallies to 24 to 25. NUGT hits 45 to 46. Keeping perspective
      12/2/13
    • Robert Edwards: whether 1217 or 1200, gold should bounce $100 soon, even if heading lower, which I still don't believe we will see. that gets us to 1300+
      12/2/13
    • Robert Edwards: Overdue 2-3 weeks for shortcovering bounce, no sign of coming. Take a picture. Won't probably see miners this oversold again our lifetime.
      12/2/13
    • gonetouring: Talk of year end realisation of tax losses in mining stocks, could put some pressure on GDX in Dec. Not referring to today's meltdown in gld
      12/2/13
    • Robert Edwards: From 22.19 low on 6/26/13, GDX rallied $3 in 3 days, $6 just 3 weeks later, $9 (over $31) in another month. Not hopeless. Requires patience
      12/2/13
    • Robert Edwards: At 3:47 p.m. EST buying on weakness has SLV # 53, and GLD back on the list again finally at #77. Others fallen off
      12/2/13
    • Robert Edwards: Had to run stops on GDX on close, making marginal new low to get the last bull holdouts. Capitulation continues, bottom illusive.
      12/2/13
    • Robert Edwards: Closing at a new low level shows capitulation. More likely we r at THE bottom, closing at the lows...maximum pain for bulls.
      12/2/13
    • shopvac20: I am feeling that PAIN...
      12/2/13
    • ptTL9: Bought today dust 200 shares at 46.50 , sold at close for 48.99 It went up 18% in one day, what is next?
      12/2/13
    • Robert Edwards: Don't blame anyone for caving in & getting out, but I am a glutton 4 punishment. I am holding fast here. Bears won today, tomorrow new day
      12/2/13
    • ptTL9: i have huge 25% loss in NUGT, the question is time to sell, or wait for it to rally a bit and then sell after 18 % drop/run up
      12/2/13
    • ptTL9: another 20% drop or bounce?
      12/2/13
    • justin.zhou10: Better way is wait outside until the oversold bounce comes, which could be doubled up to make up the losses. For now, day trading is safer.
      12/2/13
    • davePx: Never been in so deep but I choose to tough it out...
      12/2/13
    • njtoms: GDX 10 Day Average Volume is 41M Shares. Today twas 73M Shares. GDX up$.04 in AH's.
      12/2/13
    • shopvac20: Dave and RE, I am right there with you... sticking it out together.
      12/2/13
    • developer786: Does anyone know when NUGT is going through the reverse split?? They usually go through the split when price is 75% below the peak..
      12/2/13
    • developer786: Its not good for the NUGT holders if that happens. Some time traders get rid of ETF right after split. There maybe also be some tax selling
      12/2/13
    • Robert Edwards: Just wrote another article that could be helpful, click http://seekingalpha.com/p/1gnuv
      12/3/13
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