• Robert Edwards
    Bottom for $NUGT, $GDX, $GLD, $NEM, $ABX appears near. Top for $DUST. New article, click http://seekingalpha.com/p/1gyhx
    12/6/13
    Reply (293)
    • Robert Edwards: Feb. Gold closed about $1229.10, down about $2.80, at the 1:30 p.m. New York close. GDX staying strong. Hopefully rallies late with gold.
      12/6/13
    • Robert Edwards: Gold weakens further, for the thousandth time, so now GDX now filled gap except for a couple cents. The struggle to rally continues.
      12/6/13
    • davePx: Just relentless disaster.....
      12/6/13
    • melanielshop: Short covering will need to come in at some time so we should be OK
      12/6/13
    • Robert Edwards: GDX did make a higher high and higher low than yesterday so far, but has now filled gap. Needs to close up and hopefully closer to highs
      12/6/13
    • Robert Edwards: The mid 21s held support for GDX last week, mid 20s this week. Don't want to see mid 19s. Enough already. Should get $4 pop off bottom.
      12/6/13
    • Robert Edwards: Buying on weakness at 3:17 p.m., click http://on.wsj.com/AASMqQ GLD # 7, ABX # 15, FCX # 14,
      12/6/13
    • Growfast: I really thought we would see more strength in Gold price today. It just hasn't gotten the leg strength to make the move yet. Would like to
      12/6/13
    • Growfast: see more this last 30 minutes.
      12/6/13
    • davePx: This is troubling for next week....
      12/6/13
    • davePx: Nugt is taking a bath!
      12/6/13
    • Growfast: Nice and clean to start up! Not so worried about NUGT going lower on lower Gold price, just more reaction when Gold price moves up. Want to
      12/6/13
    • Growfast: see Gold price moving up and Miners will snap. May be waiting for a while as this bottoming process is taking more work than I anticipated
      12/6/13
    • Robert Edwards: At 3:32 p.m., buying on weakness, FCX # 7, GLD # 9, ABX # 20.
      12/6/13
    • Robert Edwards: gold has moved $6 off lows of an hour ago, GDX and miners have lead boots on.
      12/6/13
    • Growfast: Upwards Gold price not yet convincing the market...
      12/6/13
    • davePx: Nightmare
      12/6/13
    • davePx: The problem I am seeing is the nugt people know something here...and meeting gold could be going for a dump....
      12/6/13
    • davePx: Seriously concerned for next week!
      12/6/13
    • davePx: No shot covering....
      12/6/13
    • davePx: Sorry short covering
      12/6/13
    • Growfast: Just not enough conviction. The battle continues to next week. Hope you guys have a great weekend.
      12/6/13
    • Robert Edwards: Markets are convinced tapering is good for stock market, bad for gold. I believe they will reverse their opinion but taking forever.Patience
      12/6/13
    • Robert Edwards: Sellers got us back to unchanged to slightly lower late. Most importantly, $1200 gold held on strong number & GDX support held 20.56.
      12/6/13
    • Robert Edwards: Bullish paper (stock market) bearish physical (gold & miners) gets rubber band stretched tighter again today. Snapback shortly should b big!
      12/6/13
    • D-struction: U think REITs rally with metals?
      12/6/13
    • njtoms: Painful to Keep Reading the Same Party Line Each and Every Day.
      12/6/13
    • justin.zhou10: bot in @25.9, not the lowest price, believing the bottom is around 1210 and worst has passed.
      12/6/13
    • justin.zhou10: Also Gofos is near negative. No big news before Fed meeting could hurt gold to much.
      12/6/13
    • justin.zhou10: GDX soft later afternoon kind of disappointing, expect NUGT range bound 25-28 in the coming days.
      12/6/13
    • justin.zhou10: COT short interest close to year high this wk, a little bounce of gold expected. The million dollar question, will Fed taper? Job data is
      12/6/13
    • justin.zhou10: good, but bond and dollar do not confirm tapering. So gold bugs still in the game and I stick with them for the next 2 wks :).
      12/6/13
    • Lefty6x6: i think tapering will not happen until it can be yellen's "bold new direction" statement...don't forget the politics folks....
      12/6/13
    • Lefty6x6: Ben will get predictable accolades and praise for "guiding us thru the crisis" crapola, and all that, then....
      12/6/13
    • Lefty6x6: yellen gets to take the stage and the poli 'support' to start leading us in a bold new direction by announcing the time for taper is now.
      12/6/13
    • Lefty6x6: the market is pricing in these time specific events now, and the big fund managers are pre-buying to be ahead of the impact of the "news".
      12/6/13
    • justin.zhou10: Our words really count, nugt is 25.88 now.
      12/6/13
    • Robert Edwards: gold closed at $1230.00 slightly up at 5:15 p.m. NY last tick of day. Had we been that strong when GDX closed, would b much higher close
      12/6/13
    • njtoms: Questions must be raised. Literally, the day DUST Blasted off. R.E. said avoid DUST. Look above his latest Blog. Says what?"Top for $DUST."
      12/7/13
    • davePx: Interesting reading http://on.mktw.net/1d2dwb5
      12/7/13
    • Growfast: nijtoms - Still waiting for your article, analysis and call. When can we expect it? You are wasting space so far. Do you have anything of
      12/7/13
    • Growfast: value to share?
      12/7/13
    • Growfast: Fascinating article with table on History of Gold prices and reference to the drivers: http://abt.cm/1bqj1Sx
      12/7/13
    • Growfast: One more great read - http://bit.ly/1gNfXkA
      12/7/13
    • Growfast: This suggests a few important things that align to what Robert has been communicating. Gold has fallen as Miners have reduced hedging with
      12/7/13
    • njtoms: If you read my stuff. I do everyday. where's your articles? Buying Barrons today. 2 articles on the Miners. I'll share after I spend my $5.
      12/7/13
    • Growfast: the fall of Gold prices from the peak. But, price action indicates miners are probably de-hedged now. Long-term, Gold prices headed up
      12/7/13
    • Growfast: Some manipulation has occurred getting prices where they are but Central banks have been able to buy back cheaper Gold.
      12/7/13
    • Growfast: As long as the FED doesn't increase interest rates too fast in 2015 forward, this will be positive for Gold. Low rates, low USD, debt
      12/7/13
    • Growfast: ceiling risk, expansion with growing inflationary drivers from money supply, stock market risk
      12/7/13
    • bobzic: $NUGT : an interesting article : http://bit.ly/1gMZZXD
      12/7/13
    • Growfast: bobzic - Nice article! Another similar laying out the difficulties that got us where we are and the turn - http://bit.ly/1hEGALt
      12/7/13
    • Growfast: nij - What facts are you referring to? I have not seen RE get any facts wrong. I have seen his timing off and we've already talked plenty
      12/7/13
    • Growfast: about the challenges of predicting the timing for a move or the call on a bottom.
      12/7/13
    • glaserdx: Grow, Dave & Bobzic - interesting articles all- thank you for posting them; what I got is ETF sales smashed gold price but cyclical turn is
      12/7/13
    • glaserdx: coming; prices for miners may go lower but strong hands will benefit
      12/7/13
    • Growfast: lefty - Good to see you back. I hadn't seen posts from you so was afraid you may have been stuck on a frozen lake from the last fishing trip
      12/7/13
    • Growfast: The politics of the turnover to Yellen is a very key consideration on the timing of taper.
      12/7/13
    • njtoms: Good?Bad News from Barrons today. ABX, so beaten down. It may??? be a Buy. More Bad news for Miners comin. Gold to 1400 or 1,000? Need $5?
      12/8/13
    • njtoms: Before I Highlight today's Barrons article on GDX/Gold. GrowSlow Fast. How Much have you loss to date on nugt?
      12/8/13
    • Normmax: Commerzbank doesn't agree with GS on gold future http://bit.ly/1iKs0n5
      12/8/13
    • njtoms: Barron's #2. "Any Change in Sentiment on ABX or the Mining Sector in 2014 could lead to Outsized Gain in 2014." Your Welcome!
      12/8/13
    • njtoms: Sat's Barron's sez ABX is "dirt cheap" trading at 7.5X Earnings and under 4X it's 2011 Profit. Break-Up Value is $35.
      12/8/13
    • njtoms: Barrick Gold (ABX) is Part of Barron's Top Ten List of Stocks for 2012. Last Year's Top 10 List Trounced the Market. Jumping 35%.
      12/8/13
    • ptTL9: good read http://seekingalpha.com/c/fxpf3
      12/8/13
    • justin.zhou10: Just for fun http://bit.ly/199QwIk
      12/8/13
    • Lefty6x6: Growfast: no frozen lakes down here in Tampa -- 83 and ridiculous sunshine today. I suppose the real Q is whether or not TAPER even matters
      12/8/13
    • njtoms: GDX/NUGT Has never Been this Oversold. Since my 1984 Divorce from a Crazy Red-Headed Stepchild in Kentucky. And Your Thoughts?
      12/8/13
    • njtoms: Now, I Believe the Tide will Shift GDX's Way thanks to the Barron's Article this weekend. The BIG BOYZ Ready to Gonad DUST Holders.
      12/8/13
    • njtoms: Many of Us Positioned Long for the Monday POP that Never Happened. Almost Every Day Down for 20 Trading Days. R.E. Leading the Bandwagon.
      12/8/13
    • njtoms: The Organized Attack began One Month ago with the "Fast Money"Segment on CNBC with Carter Worth saying the GDX Future was Bright.
      12/8/13
    • njtoms: Folks, we are Talking Big $$$ of the Highest Altitudes Subduing the Price of AU. Though Others have called me Crazy, but this Attack began
      12/8/13
    • njtoms: Which is Obviously Coordinated by the Big Boyz. GS, JPM and the other Intl. Foreign Banks. I Feel It's for a Reason. No Idea Why?
      12/8/13
    • njtoms: Voracious Assault on any Stock or Commodity from So Many Directions. By So Many Institutions at One Time than the Last 60 Days against Gold.
      12/8/13
    • davePx: Morning pop or are we looking for something more today?
      12/9/13
    • shopvac20: I am looking for lots more lol, I hope this is the start of something good ?
      12/9/13
    • gonetouring: Morning all. Gold was dead flat in Asia trade today (eg:not slammed); GOFO rates have just gone -ve, physical supply tight;Dec is a delivery
      12/9/13
    • gonetouring: month; key levels held last week... setting up for a big rally... today, tomorrow? JNUG here we go, in for the ride! :-)
      12/9/13
    • Growfast: Gold 1260+ makes this price action real, DUST and short holders bale.
      12/9/13
    • Growfast: You have got to be twitting me! TWTR is over 47 a share now. Time to go short big time!
      12/9/13
    • shopvac20: Grow ... I agree we need to break the 1260 range, then up up and away
      12/9/13
    • davePx: Looks dead again today
      12/9/13
    • Growfast: I wouldn't categorize as dead, Dave. We keep making new highs in Gold, slowly. Maybe this is good for building stronger support to launch
      12/9/13
    • Growfast: Sometimes when we get the fast pop with no building, we get a very quick reversal too. This building of strength may provide a real base
      12/9/13
    • Robert Edwards: Wrote a quick instablog article, click http://seekingalpha.com/p/1gzf9
      12/9/13
    • Growfast: Good article, RE. Right there with you.
      12/9/13
    • davePx: Sorry Robert, I have a lot of respect for your knowledge but this last month has really been a bust. We missed the DUST ride that was
      12/9/13
    • davePx: Substantial. Way to optimistic on the bullish side ....
      12/9/13
    • Robert Edwards: I think the secret is to not b all-in. I am not all-in but did buy too much at higher prices which I will not do in the future.
      12/9/13
    • Robert Edwards: DUST worked out because GDX made new 5-year lows. Still don't like the odds playing DUST on the last hurrah. DUST could be topping for good
      12/9/13
    • Robert Edwards: NUGT is just beginning. The 2 year cycle of favoring DUST over NUGT is about to switch 2 years in favor of NUGT possibly.
      12/9/13
    • davePx: I totally agree, I got sucked into an all-in situation that I am still suffering
      12/9/13
    • davePx: Hoping for the bottom....Dave
      12/9/13
    • davePx: I hate that word "hope"
      12/9/13
    • davePx: Gold is really having a battle with the bears again...just can't breaker resistance
      12/9/13
    • davePx: Seeking Alpha article just came into my email ..."gold longs lowest since 2007" talks to another round of panic selling!
      12/9/13
    • davePx: Counter to that see this http://bit.ly/18wObn9
      12/9/13
    • Growfast: Just think of all the short positions that will have to cover now...
      12/9/13
    • Growfast: I have to say I like the strength in NUGT today.
      12/9/13
    • Robert Edwards: Just saw a block trade of 114,000 shares go off at $21.00 n GDX, an order costing $2.28million. Stock rallied then to HOD and now taken out
      12/9/13
    • Growfast: And NUGT strong while Gold is relatively flat for a while at 1233 levels.
      12/9/13
    • Robert Edwards: Hedge funds most bearish Dave Px, since June 2007. See what happens to gold right after June 2007 low http://bit.ly/1bRVX0X
      12/9/13
    • Robert Edwards: We only rallied after June 2007 from $660 in gold to over $1000 over next 8 or 9 months. Very bullish sign hedge funds so bearish!
      12/9/13
    • Robert Edwards: Hedge funds so bearish, banks calling for lower gold prices next couple years, market letters most bearish since 2001, AALLLL BULLISHH!!!
      12/9/13
    • Growfast: That led to only a 300 point short-term move and only led to the largest rally in gold in its history. Sure would be a shame to experience
      12/9/13
    • Growfast: that and miss a few thousand short-term dollars in DUST.
      12/9/13
    • Robert Edwards: This is the types of readings one gets at multiyear lows. This gives me confidence we might make a new gold high in next couple years
      12/9/13
    • Robert Edwards: Dumping all that GDX & GLD by funds also leaves lots of room to buy back and to make it run, run, run higher. Low GLD open interest bullish
      12/9/13
    • Robert Edwards: Slam me all u want for being bullish for a month now, but check back in 2 years & see where we r and if we r not at new highs, then slam me
      12/9/13
    • Robert Edwards: I based my projections on gold & gold has held up above $1200 as expected. What I did not properly judge was the underperformance of miners
      12/9/13
    • Robert Edwards: I now realize that near multiyear lows, GDX can underperform tremendously and one must accumulate very slowly as a result.
      12/9/13
    • Robert Edwards: Today the miners are slightly outperforming and this should be a trend that we see now for a long time hopefully. That will help out a lot
      12/9/13
    • Robert Edwards: When GDX made a new high of day after 10:00 a.m. or better yet, 11:00 a.m. in New York, is a bullish sign. Something to build on.
      12/9/13
    • Robert Edwards: GLD is # 35 selling on strength, but none of the miners made the top 100 which is also positive. Large bid size today, vs. ask size
      12/9/13
    • vanebfbc: The way gold and miners performed last month was beyond technical and fundamentals. It doesn't take Economy 101 to see someone is behind all
      12/9/13
    • vanebfbc: that's happened. However, we as investors should have the right of choice. Should we chase those that's already abnormally high, or keep our
      12/9/13
    • vanebfbc: believe in something as fundamental as buy at lows? Or rather, keep the money in less volatile and less manipulative securities?
      12/9/13
    • Robert Edwards: Gold closes above 1234 at 1:30 EST. They were buying on the close instead of selling, another minor positive. Now need new HOD n GDX
      12/9/13
    • shopvac20: bull still standing w RE
      12/9/13
    • Robert Edwards: Nice to be able to stand tall today as a gold bull. Been spending last 5 weeks crouching in foxholes so bears don't shoot our heads off.
      12/9/13
    • Robert Edwards: Crude oil is a good barometer for inflation and now gets bought instead of gold. So if crude bottomed last week, that should also help gold
      12/9/13
    • davePx: Ya right ...you would not be just sucking up at bit would you....just joking
      12/9/13
    • davePx: Upward trend would really solve a lot of issues. I feel I personally made some major errors in short term trades and am ready to take
      12/9/13
    • davePx: Another shot at it over the next wave...looking fwd to this run more that you can imagin.
      12/9/13
    • davePx: Today do you think we should be looking to a run up or?
      12/9/13
    • shopvac20: I think we all made some costly mistakes, I got way to "trigger happy" and have been learning patience .. lol
      12/9/13
    • bobzic: $NUGT : I hope u will be right Robert (in few weeks or months) but now we r clearly in a bear market.
      12/9/13
    • Growfast: Bear market for what time frame? What chart? What parameters do you define for that bear market?
      12/9/13
    • Growfast: New daily high on NUGT.
      12/9/13
    • vanebfbc: It's just the hedge funds and analysts are bearish in general. Don't believe everything you see or hear, make decision with own judgement.
      12/9/13
    • vanebfbc: By the way, nice to see $NUGT staying above 27 near last hour. On the side note, $ONVO has a good run but $TWTR rush is unbelievable.
      12/9/13
    • vanebfbc: I think if gold stays near 1240 by stock close, it can affirm confidence in the miners and more than likely another bullish run tomorrow.
      12/9/13
    • Growfast: I think if Gold closes at 1275, shorts, DUSTers and those who have been selling GLD, GDX, miners are going to be twitting bricks!
      12/9/13
    • glaserdx: lol
      12/9/13
    • davePx: Not sure weather to sell some NUGT and get back some trading money or hang in there for more up movement tomorrow...ant thoughts
      12/9/13
    • Growfast: Hard to make short-term call like that, Dave. Most likely, I'm holding but watching the close. My thinking is more oriented to looking at
      12/9/13
    • Growfast: this as a longer-term uptrend and not just a 1 day route.
      12/9/13
    • davePx: Thanks grow I have the same feeling. Looking at how NUGT opened today and it's strength....
      12/9/13
    • Growfast: If you look at the last DUST top before downtrend, the day following action like today, it gapped down pretty significantly - NUGT gap up.
      12/9/13
    • Growfast: Not that this is what will happen, but this is what I'm thinking is quite possible. Gold is tired of being low.
      12/9/13
    • shopvac20: I will feel a lot better once we hit the 1260 level of resistance ...
      12/9/13
    • Growfast: I take that back,. Looking at 3 month chart, last DUST top, day after action like today was up for DUST, down for NUGT. Then the following
      12/9/13
    • Growfast: day was the big gap. Personally, I don't want to miss the pop and more afraid to be out and chasing than trying to reposition a couple
      12/9/13
    • Growfast: bucks lower.
      12/9/13
    • Growfast: I have been wrong plenty of times. But, I think that if we just wake up 2 years from now and know ahead of time NUGT will be 100+ and NEM
      12/9/13
    • Growfast: 40+, then I'm not overly concerned about all the noise between now and then except for runs I can trade and pocket 30% or so on cycle trades
      12/9/13
    • Growfast: But Dave, if you are concerned about any further short-term moves against you, you could protect yourself some by pulling some funds off
      12/9/13
    • justin.zhou10: I am out of nugt@27.05. I know I am too impatient. Hope the range bound continue, so I could get back.
      12/9/13
    • glaserdx: Grow-holding GDX for 2 years is fine but with 10% per month slippage in NUGT how can that be done, except trading and lowering avg price?
      12/9/13
    • davePx: Well that is my dilemma, I actually think this strength will follow through, I am going to stick with it for now...thanks
      12/9/13
    • Robert Edwards: I was too bullish on gold & NUGT but not on TWTR. I had that one pegged right on, LOL
      12/9/13
    • Growfast: Glase - 10% leakage on strong uptrend at 3X I will take any year! Look back on the uptrend in NUGT. ETF's eat your lunch when you are up one
      12/9/13
    • Growfast: day and down the next. When you are up 40 days and down 4, whole different ballgame that gives you expansion.
      12/9/13
    • davePx: B nice to see 28 NUGT EOD frenzy
      12/9/13
    • Robert Edwards: GDX made new HOD in last couple minutes of trading, at this rate NUGT will b back to 40 plus in no time....
      12/9/13
    • vanebfbc: Probably not 28, but close at day high feels good.
      12/9/13
    • Robert Edwards: If gold can't be knocked down, it will rally $100 and miners will b best performing sector for a couple weeks & all will b fine in the world
      12/9/13
    • Growfast: Glase - Look at DUST chart for simplicity - the other way around. If you bought at 20 in February and Sold at 80 in July, would you be
      12/9/13
    • Growfast: worried about ETF leakage?
      12/9/13
    • shopvac20: Any thoughts on close RE? It was a good day, we need several more!
      12/9/13
    • Growfast: I can hear it now. Man, I just had to get out and pass up on that 400% return (1000+% annualized) because ETF's leak man.... :-)
      12/9/13
    • glaserdx: got it Grow - looking for those 40 up days!
      12/9/13
    • shopvac20: Grow, I am holding steady as well.
      12/9/13
    • Robert Edwards: All I need is two way action & I can trade my way out of trouble in NUGT. Recently it was too much down with no rallies. We have had an
      12/9/13
    • Growfast: RE deserves a good recap day. The time it stinks to be in 3X ETF's is when prices are going against you. Going down and leaking on the way.
      12/9/13
    • Growfast: Many of us experienced that together, which makes it that much sweeter when it goes our way.
      12/9/13
    • Robert Edwards: entrenched bear market that is brutal. Gold looks like it wants to hold 1200 & things can improve in a hurry thanks 2 shortcovering.
      12/9/13
    • vanebfbc: $GRPN, $ONVO, $NUGT ended in big greens, even $NQ stays green too. Perfect appetizer for my lunch. Watch $NUGT AH to see if it pops $28.
      12/9/13
    • Robert Edwards: I will start aggressively trading again when I see GDX/NUGT hit some resistance but that is a few days from now. Holding tight right now.
      12/9/13
    • rodh7858: Holding as well at least till $NUGT $35. I trust in Rob. We had similar stressful time in Oct but came thru fine. It was Rob's leadership.
      12/9/13
    • Robert Edwards: I see a $1.80 to $2 up day in GDX in the next few days....maybe 2 or 3 big days and things will look a lot different
      12/9/13
    • nclsamy: Started a position today. Thank you, RE for your excellent updates! Have a great day all!
      12/9/13
    • Robert Edwards: Thanks for the kudos rodh, but the current selloff in GDX has been a real stinker and surprised me on how hard miners got hit. But
      12/9/13
    • Robert Edwards: the snapback should b pretty fabulous as well, as they stretched the rubberband really far to the downside and the snapback could b huge
      12/9/13
    • Growfast: RE - Perhaps time to start design on those T-shirts from discussion back a couple weeks. You're alright, no matter what some others have
      12/9/13
    • Growfast: been saying about you on their big red days. :-) Green days are likely to bring a different tone to the conversations.
      12/9/13
    • shopvac20: I remember the shirt idea, "I survived the gold miners GDX/NUGT wars" I say we wait till we have survived !! but very excited to wear it
      12/9/13
    • Growfast: Agreed. Not completely out of the woods yet which is why I suggested design - we'll print once fully confirmed.
      12/9/13
    • justin.zhou10: Sorry to pour some cold water here. The low volume gold rise is good but not convincing. The real test is 1251, which gold failed to
      12/9/13
    • justin.zhou10: surmount in the recent sessions. Until then I still believe range trading is most profitable approach. Anyway, not bad for a profit today.
      12/9/13
    • bobzic: $NUGT : Growfast, Gold Charts. New lows in january.
      12/9/13
    • bobzic: $NUGT : A short NUGT rally is possible to 40-50.
      12/9/13
    • Growfast: bobzic - you may be right. You got proof that is what will happen? What will the new lows be? And, when will we hit the new highs?
      12/9/13
    • Growfast: We are all searching and learning around the questions but the answers will only be known when we are in the future, have the historic chart
      12/9/13
    • Growfast: in hand that yields the hindsight.
      12/9/13
    • Growfast: Justin might be right. But, he may be wrong and we may open at 1260 tomorrow. Or, 1220 again. Who knows? Long-term/big picture easier to see
      12/9/13
    • vanebfbc: Something interesting to think about: with the cut in Bitcoin value last week, some investors will relocate their fund. (Esp. in Asia.)
      12/9/13
    • vanebfbc: Let's see if gold goes up in Asian active trading hours. Again, short term valuation is vulnerable to many events so just a thought.
      12/9/13
    • justin.zhou10: Grow, if gold open 1260 tomorrow, I will double to catch the ride :). I was a little scared because of past reversals.
      12/9/13
    • Growfast: Completely understand, Justin. That is what the past several weeks taught us. I'm thinking this may turn out differently because we tested
      12/9/13
    • Growfast: lows again and the move up has been steady - not just a quick short-term short cover rally that quickly reverses. Tomorrow morning we will
      12/9/13
    • Growfast: know what we don't know right now.
      12/9/13
    • njtoms: GrowSlow, your pretty adept at Oxymoronish statements: "know what we don't know right now." Brilliant Work.
      12/9/13
    • newbie872: At least some smooth/steady growth today - not short/fast spikes. Might signal a reversal and some possible upward movement GDX/NUGT
      12/9/13
    • njtoms: Justin, Wrong on your Volume numbers for today. GDX average 3-mos. daily volume is 42M. Today's GDX Volume was 46M. Yahoo Finance.
      12/9/13
    • njtoms: SlowGrow, Don't Ya Think that We Will All Know More tomorrow than We Do Tonight. And Your Giving Investment Advice on the Gold Miners? Huh?
      12/9/13
    • bobzic: $NUGT : Growfast, i have no proof. It's my own statistical calculations. My own models. I can be wrong. We will see in january.
      12/9/13
    • Growfast: bobzic - understood. look forward to hearing about your approach on calculations and models. Sure, we will see in Jan.
      12/9/13
    • ptTL9: http://bit.ly/1cmmI8F
      12/10/13
    • ptTL9: grow and bobzic read Avi's article, he is right 80% of the time
      12/10/13
    • njtoms: ptTL109jfk, avi is NOT right 80% of the time. Elliot Wave Theory will buy you the 1st Class Ticket to the Poorhouse with slowgrowth.
      12/10/13
    • Growfast: Looks like we are getting the 1260 open. Should make for a nice morning.
      12/10/13
    • Growfast: Tell you what, I enjoy hearing about and learning how people think about models, calculations and methods for managing their investments.
      12/10/13
    • Growfast: They can have a useful place. They can be right sometimes and very, very wrong sometimes. Can't follow any of them I've ever seen blindly.
      12/10/13
    • Growfast: US$ index, DXY is down to 80.02 off its morning low of 79.99 and chasing after the 52 week low. Very interesting.
      12/10/13
    • shopvac20: 1261 at the moment, that was a major level of resistance, lets keep it moving
      12/10/13
    • Robert Edwards: Elliot Wave theorists looking for one more move wave down below 1180, then an abc wave up of $200 to $300 in gold. But we may not make a new
      12/10/13
    • Robert Edwards: low below 1180 as we might do a wave 5 flat that equals 1180 and then rallies. Stopping at 1210 is close to 1180 but not there yet
      12/10/13
    • Robert Edwards: getting above 1260 pretty well tells me we should move on towards 1300 and higher and no further down move required. 30 dollars above
      12/10/13
    • Robert Edwards: 1180 is about equal to 1180 and don't see why we need to go down one last time.
      12/10/13
    • Growfast: In the meantime, perhaps we are still early stages of the significant bounce you have been talking about RE. Good so far...
      12/10/13
    • Growfast: 79.97 DXY and falling. Wow. Markets seem to be taking FED message so far of very minor taper as meaning QE will continue for some time.
      12/10/13
    • Robert Edwards: Gary Wagner did great analysis on Elliot wave count on kitco, click http://bit.ly/19z1Z0D
      12/10/13
    • Growfast: RE, you think we can take out 1400+ on the topside of this rally if the FED will keep mouths shut until the 18th?
      12/10/13
    • davePx: Also see http://bit.ly/19z2sjo
      12/10/13
    • davePx: Good to see the patient alive again!
      12/10/13
    • davePx: We will se the typical bounce here this morning. I want continuation of yesterday's rally but it may not be as orderly today..I would guess
      12/10/13
    • Robert Edwards: I say we it one step at a time. However, don't see any headline risk for gold bulls, only the bears. News should b neutral to bullish
      12/10/13
    • Robert Edwards: When even the gold bulls were bearish, one knew it would b hard to make new lows in gold on first try. Now looking for 1270 & 1280 targets
      12/10/13
    • Robert Edwards: I want to see the $1.80 to $2 up day in GDX, and maybe it happens today........
      12/10/13
    • Lefty6x6: in at 27, out at 30.18 --- time to go fishin. see you guys tomorrow.
      12/10/13
    • justin.zhou10: got in at 29.5, still there.
      12/10/13
    • Robert Edwards: GDX has nice gap area on today's opening. as long as not filled, we move higher. Shorts get desperate and cover later today maybe
      12/10/13
    • metalhead: Short term there is an island top on the dailies for GDX will take some work to overcome here ...
      12/10/13
    • metalhead: however medium term I like the psychology here, bears will be arguing with the market i.e. "but I thought the taper was bad for gold!"
      12/10/13
    • vanebfbc: Great start, as it's finally going where it's supposed to. Be vigilant - you never know what will happen the next hour.
      12/10/13
    • tanriseven: Robert, again you made me some money. What is the goal in NUGT? Still do you hold your $40's target
      12/10/13
    • melanielshop: Is the rise today from short covering or is that still to come?
      12/10/13
    • bobzic: $NUGT : an interesting article :http://bit.ly/1cys0RY
      12/10/13
    • D-struction: Bottom line, given the macroeconomic environment we are in I just can't see commodity prices falling too much further.
      12/10/13
    • davePx: Another article http://bit.ly/1f4kyO9
      12/10/13
    • Robert Edwards: Rise today is from gold finally popping above 1260. Need a close above 1260 today at 1:30 p.m. and could get further rally in GDX late 2day
      12/10/13
    • Robert Edwards: gold had everyone positioned for lower prices so it can't fall. Needs to rally to get rid of some shorts. Should rally to 1300 at least
      12/10/13
    • Robert Edwards: I don't see any resistance in GDX will 23.50 to 24. That would translate to 37 to maybe 40 in NUGT.
      12/10/13
    • Robert Edwards: GDX made a new HOD past 11:00 a.m. NY time, another bullish confirmation. Should be a buy for a pop tomorrow based on that alone.
      12/10/13
    • davePx: Did a little scalping on upward trend...feels good to be back in the game!
      12/10/13
    • davePx: NUGT out performing relative to gold...nice!
      12/10/13
    • davePx: Now under performing !
      12/10/13
    • Lefty6x6: davepx in the famous words of Teddy Buckland... "Still alive !!!"
      12/10/13
    • shopvac20: RE any thoughts since we closed above the 1260 market at 130 NY time??
      12/10/13
    • justin.zhou10: out of nugt @30.8, done for the day.
      12/10/13
    • davePx: I'd like to see the patient up and walking by the end of the day....
      12/10/13
    • newbie872: If I buy, NUGT will almost certainly fall/retrace. If I stay out, its likely to be the big POP where I could make back earlier loss... hmmm
      12/10/13
    • Lefty6x6: you sir, are a worthless peon...and you will always be a worthless peon ! Ketchup's for winners Ted.
      12/10/13
    • davePx: Lots of strength I would expect NUGT to move up towards the COB
      12/10/13
    • justin.zhou10: No EOD pop, I guess.
      12/10/13
    • Lefty6x6: selloff now but I also expect a bit of a rise towards the close. buying nugt @ 30.25 if it gets there.
      12/10/13
    • davePx: Not looking good ....
      12/10/13
    • justin.zhou10: I kicked myself for missing the big rise today. But it is life. Better sleep, right?
      12/10/13
    • davePx: But I am surprised as the day has had a nice run up then a pull back ...we may still see this move up....
      12/10/13
    • davePx: I missed the last nice bump...too busy doing normal things!
      12/10/13
    • justin.zhou10: It was better than last time I bet the wrong side and in deep sh*t.
      12/10/13
    • Lefty6x6: perhaps this is the start of an uptrend as suggested by RE recently. be prepared at the EOD to take a pos in either nugt or dust and watch..
      12/10/13
    • justin.zhou10: Still waiting outside, my profit margin could not afford one big drop. Especially those early morning surprises.
      12/10/13
    • Lefty6x6: ..for pop either way at the open, which I have been saying - the vast majority of the time, there is a pop in one or the other..
      12/10/13
    • Lefty6x6: ..then a swing back later in the day. that makes at least 2 in and out opportunities daily. ride the teeter totter effect.
      12/10/13
    • justin.zhou10: I normally follow the morning pop before the open. Normally the momentum will last a while even it is a fake. Today got up too late,
      12/10/13
    • justin.zhou10: but better some gains than losses. Gold been up 3 days, tomorrow probably will not be very exciting
      12/10/13
    • Growfast: Here would go. Would be great to see us pop over 1271 before the close.
      12/10/13
    • Robert Edwards: Big buy order came in on gold of 600 contracts at 3:26 p.m. EST and then 400 other orders traded2 minutes to pop gold above 1260 again
      12/10/13
    • davePx: Another article http://bit.ly/18SCRre
      12/10/13
    • Robert Edwards: that may get gdx towards upper end of today's range on the close. Next resistance level is 1270 that gold will need to overtake overnight
      12/10/13
    • Robert Edwards: if we want to keep moving up strong tomorrow. May have a consolidation day if 1270 not taken out overnight in gold.
      12/10/13
    • Robert Edwards: Today closing above 1260 n gold moves us from selloff mode 2 rally mode, but we r at the beginning & may struggle 1-2 days before liftoff
      12/10/13
    • Robert Edwards: I added some yesterday and so today I did nothing. Just held on to what I have. Amazing what a couple green days can do 2 your account
      12/10/13
    • Robert Edwards: Starting tomorrow I plan to day trade some, selling some on strength and buying back on weakness.
      12/10/13
    • Robert Edwards: I was hoping GDX would close today above the old low of 22.21. But not complaining. Will do more research and post an article shortly
      12/10/13
    • Growfast: I like the work taking place as we move up. Not too fast and building strength. Not fast enough to scare out shorts and DUST holders. But,
      12/10/13
    • Growfast: when we build the higher levels of strength, then move fast, should be a nice ride.
      12/10/13
    • davePx: Good day for day trading ...I caught some action but did not really get the extremes...will work on that tomorrow...
      12/10/13
    • rodh7858: Thanks Rob. I sold half my $NUGT -> $27.01 to $30.85 to create win-win as u like to say. Will add on weakness or let the other half ride.
      12/10/13
    • Robert Edwards: Selling on strength, GDX did not make the top 100 all day, which is very good. ABX # 23, NEM # 30 & GLD # 85 late in day. About what one
      12/10/13
    • Robert Edwards: would expect. NEM is again underperforming GDX and closed near low of day. GLD was high on list early, but fell as day went on - bullish
      12/10/13
    • Growfast: Not liking the underperformance of NEM. If that continues, may switch to ABX, AEM or GDX
      12/10/13
    • Lefty6x6: rod: I think we bought @ 27 on the same day last week ! nice pull @ 30.85. --I got trigger happy early and sold @ 30.18 (went fishin...)
      12/10/13
    • Growfast: Lefty - you probably have more sanity doing that than most of the rest of us. In, out for profit, afternoon of fishing and not worried...
      12/10/13
    • rodh7858: Lefty - But u came out ahead:-)) u get to fish in warm Tampa while I freeze in frigid Chicagoland.
      12/10/13
    • glaserdx: lefy and rod: nice trades-- congrats. I'm ;oolomg for 40+
      12/10/13
    • Lefty6x6: growfast: truth is I learned a long time ago and trained myself to not become emotionally attached. its just paper and numbers. its a job.
      12/10/13
    • justin.zhou10: lefty, that is the mentality to trade NUGT. I bot nugt multiple times below 26 and not satisfied since it went blow 24 at least 2 times
      12/10/13
    • Lefty6x6: rod: I played guitar once in a live open jam at buddy guys ! man, what a great night / next morning ! truth is, I could go for some sub 80s
      12/10/13
    • justin.zhou10: and I was dreaming to catch it hoping gold back to 1210 again. I wish I had gone fishing yesterday. Ok, I move on, just another day.
      12/10/13
    • justin.zhou10: oops it should be below 25. But never know , things happen :)
      12/10/13
    • Lefty6x6: Justin: live to fight another day
      12/10/13
    • Jeremy49: rodh...I live in Chicago as well riding the NUGT til 40+ - Where in Chicagoland?
      12/10/13
    • newbie872: NUGT confirmed 'White Soldier' buy sig. though this 'buy' has an average 4.6% profit, 6.5% loss, -1.8% net. if you believe the 'bulls.com
      12/10/13
    • newbie872: Lately NUGT seems to rally a day or two, then sink for 6-7. Though DUST seems to be getting REALLY overplayed!
      12/10/13
    • johnpsychdoc: Looks like GDX stopped on a dime at the overhead resistance from June 26th (22.21). Any chance we stall here or retrace???
      12/10/13
    • justin.zhou10: I did small play DUST from 40.35 -> 41.18 today. But dared not stay overnight. Gold's uptrend is young. At least give it a chance to test
      12/10/13
    • justin.zhou10: 1280 and 1300 levels to see if it could sustain. If missed the pop, then missed. Wait another month, here we go again.
      12/10/13
    • shopvac20: RE, looking forward to your article ... its been a fun two days... this bull is still standing
      12/10/13
    • newbie872: GDX also confirmed 'white soldier' (one of the more profitable for GDX) - made an average 3.7%... would be ~11% on NUGT??
      12/10/13
    • Robert Edwards: New article posted and thread, click http://seekingalpha.com/p/1h7wj
      12/10/13