Seeking Alpha
  • Robert Edwards
    Gold Bull Is Alive For $NUGT, $GDX, $GLD, $NEM, $ABX, but not $DUST. New article posted, click http://seekingalpha.com/p/1h7wj
    12/10/13
    Reply (74)
    • shopvac20: Great Article, thanks RE... lets see that chindia demand pick up starting now :)
      12/10/13
    • Ruben12345: that wont pick up, forget that
      12/11/13
    • Rabadaddy: Lol...gold hasn't hit bottom yet....not till some more miners shut down and demand goes up
      12/11/13
    • shopvac20: lots of movement this morning, anyone know what caused the swings this morning?
      12/11/13
    • davePx: Article was good ....today's opening an opportunity..
      12/11/13
    • davePx: Miners taking a terrible hit this morning....way over done!
      12/11/13
    • Normmax: But they said it is short covering's buy back. Any thoughts on that?
      12/11/13
    • Normmax: Yesterday morning a big buy contract of gold for February 2014 delivery triggered auto-stop system.
      12/11/13
    • Robert Edwards: Ran some stops under yesterday's low, but should get a pop to upside soon as gold pops 5 to 10 up hopefully
      12/11/13
    • davePx: Good to know ...thanks
      12/11/13
    • Robert Edwards: Yesterday's high in gold 1267.50, overnight high 1263.20, should at least retest and likely make new high today in gold
      12/11/13
    • Robert Edwards: Dips should be a buy, even tho weak now. Could do better later today if gold strength comes in. Big gap area should hold 2-3 days minimum
      12/11/13
    • Robert Edwards: They should allow a day or two of consolidation and not heavily reshort gold and miners. In couple days, easy to get a pop somewhere
      12/11/13
    • Robert Edwards: when bears realize we r not going lower, will surge later today most likely. Should move higher on Friday if gap remains today & tomorrow
      12/11/13
    • Robert Edwards: Made one daytrade so far today, sold some NUGT 30.50, bot back 30.09, will sell more 31 or 32 if we get there, for day trade
      12/11/13
    • Robert Edwards: If NEM gets to 24.50 area, will sell 1/2 my position, and will buy back on weakness towards 24.
      12/11/13
    • Robert Edwards: gold hit 1252.10 overnight. Should get range expansion later today and should be to upside regardless of current weakness
      12/11/13
    • Robert Edwards: Before the day started, I determined that 29.50 should b support in NUGT and so far that area has held. 29.50 was support last week in NUGT
      12/11/13
    • Growfast: So far today, NEM is outperforming ABX, GDX and EGO. Good to see after it has been lagging. Interested to see if it maintains this when Gold
      12/11/13
    • Growfast: price gets to new levels above current range.
      12/11/13
    • newbie872: Filled NUGT @30 ... new personal record... dropped 2% in 2 minutes! We will see where this dog goes now!
      12/11/13
    • njtoms: Excellent Point, Growfast! Thx/Noel
      12/11/13
    • Growfast: On the lows, picked up some NUGT calls.
      12/11/13
    • Robert Edwards: Ran more stops by making new LOD. Gold holding in much better than miners. That has to change sometime surely.
      12/11/13
    • Robert Edwards: Never once tested highs all day. Very strange action. Still holding out for later day pop
      12/11/13
    • Robert Edwards: If we close about 21.80 or 21.90 then today will look very much like Friday July 12th on the charts, making Friday the boom day up.
      12/11/13
    • Robert Edwards: 21.50 should hold in here. I don't want the gap to fill and this is where GDX needs to make a stand
      12/11/13
    • justin.zhou10: ok, bot some nugt @28.52
      12/11/13
    • shopvac20: minors are showing some major weakness, seems like a sell off, only $3 off on gold price and nugt down 6% :(
      12/11/13
    • justin.zhou10: down 6% without news should be the extreme on the downside. If gold recovers a bit, nugt could easily back several pct points
      12/11/13
    • sethmcs: Like to sell puts on NEM to add to position. Needs to drop little more for me to get my ask.
      12/11/13
    • shopvac20: aaaand gold takes a dive :(
      12/11/13
    • davePx: Looks like another DUST day....we will see how it closes. Disappointing trend.
      12/11/13
    • Robert Edwards: We should rally tomorrow...little consolation. Very disappointing action. If we cannot take out Tuesday's high Thurs, likely rolling over
      12/11/13
    • Robert Edwards: Tomorrow we should pop to 21.80 to 21.90 in GDX and I will unload some of my position there likely. Weakness not a bullish sign for sure
      12/11/13
    • Growfast: NEM shares holding up a little stronger than others still for today. Added some cheap calls on NEM just in case we get pop. No conviction in
      12/11/13
    • Growfast: Gold price moving up today so far.
      12/11/13
    • Growfast: DXY 79.87; markets and Gold appear to be fearing taper at present. Bond yields kicked back up today. I think this is overreaction. We'll see
      12/11/13
    • Robert Edwards: NEM filled gap, very bearish development. Tomorrow or Thursday we should get higher price than current price but not good action at all
      12/11/13
    • Robert Edwards: Selling very, very heavy today, those who covered shorts appeared to have shorted again. Have 2 start up tomorrow and stay up if we bottomed
      12/11/13
    • Robert Edwards: Bull case is not over but on a 2 day time clock, need some turnaround shortly.
      12/11/13
    • Robert Edwards: If we close on low end like it looks like we will, could get weak first tomorrow & then rally. Just dumped NEM shares bot at 23.17 @ 23.48
      12/11/13
    • Robert Edwards: Just dumped more NEM 23.46. Will buy back tomorrow on weakness.
      12/11/13
    • melanielshop: Dec QE fears have some investors feeling skittish
      12/11/13
    • davePx: The market is selling off ...typically affects gold too initially
      12/11/13
    • davePx: A little fear is good!
      12/11/13
    • Growfast: Sold out of some NEM at 23.45 and some NUGT at 27.6. Will use proceeds to buy cheaper opportunistically.
      12/11/13
    • davePx: Hard call to make. We might better thro darts
      12/11/13
    • vanebfbc: Not a good day for stocks/miners in general, but I am surprised as I thought it'd be worse. Glad there's at least green in my portfolio.
      12/11/13
    • vanebfbc: Surprisingly both gold and dollar dropped, but gold more to consolidation while dollar sells off in sight of FOMC next week.
      12/11/13
    • vanebfbc: He already said today would be negative because of gold consolidation. Miner weakness is more due to the Gold Producers Balance Sheet.
      12/11/13
    • vanebfbc: Besides, gold actually holds fine today. It's the stocks that are sold off like crazy. Beside the miners, other areas such as
      12/11/13
    • vanebfbc: 3D printing, solar, pharmaceuticals, and some big name techs are among the loss. Even $YHOO was down as Alibaba IPO delayed.
      12/11/13
    • Growfast: Gold and miners not selling off like, time to reverse position. But, with a weak finish in this consolidation, I'm thinking the open may be
      12/11/13
    • Growfast: a lower opportunity in the am. Possible to rally, but markets and money flow very strange anticipating FED decision on 18th. Opportunity to
      12/11/13
    • Growfast: get in lower works for me.
      12/11/13
    • Growfast: Spot Gold now at 1251. Don't want to see it too much lower, but anticipate we may see somewhat lower in am.
      12/11/13
    • Robert Edwards: my average price in gold was 1244.50, sold out 1253.20 today so flat gold metal. Will try to buy again if it trades lower. Big sell orders
      12/11/13
    • Robert Edwards: smacked gold a couple times this afternoon which added to weakness in miners.
      12/11/13
    • shopvac20: tough day... was willing to take a small consolidation hit, didnt think we would lose all of yesterdays gains.
      12/11/13
    • Robert Edwards: Gold metal hung in well today, so I did not panic and kept thinking the weakness in miners was temporary but just continued to end of day
      12/11/13
    • Growfast: The NUGT I sold today, I bought 2.5X call options on NUGT with and have some cash left over. If we get a pop up, this gives me more pop.
      12/11/13
    • Growfast: With the NEM I sold, I have some cash I can use for trading shares - round trips in NUGT if I need to, or, if I start to sense more downside
      12/11/13
    • Growfast: risk, could buy puts on NUGT or calls on DUST. Just gives me more flexibility. Like shopvac, I figure we would give up some today, but not
      12/11/13
    • Growfast: as much as we did. And, really wanted to see a stronger finish. Expecting weakness early tomorrow, but possible could surprise with strength
      12/11/13
    • newbie872: lol - straight down from virtually the second I bought in! I just need to go contrary to the contrary of the contrary...in a contrary way!
      12/11/13
    • njtoms: Gotta Tell You Mr. Edwards. Your Last Comment Does Not Engender Much Confidence in GDX or this Site. Puleeze???
      12/11/13
    • 8665091: every pop has been a shorting opportunity. jeez. all the miners are trading as if they are going bankrupt. long and strong 14,000 GDX shares
      12/11/13
    • Robert Edwards: New article and thread. You can click on the article here http://seekingalpha.com/p/1hblb
      12/12/13
    • Ruben12345: gold towards 1220 today
      12/12/13
    • shopvac20: disappointing
      12/12/13
    • Rabadaddy: You can't make money going short on gold.....The B**** is RUTHLESS and UNPREDICTABLE.
      12/19/13
    • Growfast: Fickle for sure. Going to be very interesting to see what the action looks like today - whether it goes bullish off 1200 support, or whether
      12/19/13
    • Growfast: more down-side is in to lower support. After taper, lots of volatility in a number of currencies. US$ index is now at 80.64.
      12/19/13