• Robert Edwards
    Bullish Weekly Harami Pattern For $NUGT, $GDX, $GLD, $NEM, $ABX, Bearish For $DUST. New article, click http://seekingalpha.com/p/1hglv
    12/14/13
    Reply (290)
    • shopvac20: 50 would be a very merry christmas :)
      12/14/13
    • melanielshop: Thanks Robert. I will be watching the QE language that comes out of FED on 12/18 and your information to help me with decision making
      12/14/13
    • rodh7858: Rob et el. - So is everyone holding $NUGT through the FOMC announcement? Needless to say it will be very volatile.
      12/14/13
    • Growfast: RE - Thanks again for a great article and analysis. On the article comments, I posed some questions so we can extract what can be learned.
      12/14/13
    • Growfast: Perhaps what we learn may affect the trading rules you are drafting as well
      12/14/13
    • Growfast: NJ - The way I see it, YOU own YOUR results. Unless you give RE money to invest for you and he gives it back to you with more or less than
      12/14/13
    • Growfast: gave him, then he does not make or lose money for you. RE invests significant energy and time to educate, learn with and learn from his
      12/14/13
    • Growfast: followers - to help himself and his followers learn how to be more successful investing. This is a gift.
      12/14/13
    • Robert Edwards: Rodh, I will be holding all core positions through the report & likely trading shares too. The pot is too big, not to call (poker analysis)
      12/14/13
    • Growfast: Rodh and RE - My present thinking is that I will hold trading and core through the meeting as well. Possible outcomes as I see them are:
      12/14/13
    • Growfast: No taper - small rally Gold/Miners; Small Taper - relief rally in Gold/Miners; Larger Taper - Fear may initially drive down, but then up
      12/14/13
    • Growfast: Expectation I have is for no taper or very small taper. Thoughts?
      12/14/13
    • glaserdx: Rodh - holding core thru FOMC; I am with Grow on no taper & small taper prognosis. Don't think Fed will surprise mkt with a large taper
      12/14/13
    • shopvac20: I am holding my core as well...
      12/14/13
    • melanielshop: I sold with a profit and waiting on 12/18. I agree there will probably not be a taper, but believe
      12/14/13
    • melanielshop: there will be future taper language that may scare some investors temporarily...small dip and I may buy
      12/14/13
    • rodh7858: Ok thanks all, I will hold as well.
      12/14/13
    • vanebfbc: In my case, I might hold both NUGT and DUST to balance the risk during FOMC announcement, then add/reduce at highs and lows that follows/
      12/14/13
    • dan1981: How about gdx call options and hedging with dust to keep downside covered ?
      12/14/13
    • njtoms: growfast alias Really SLOW Growth. Am Still Waiting for Your answer from last Sunday 12-8. How Many $1,000 You under from RE's NUGT advice?
      12/14/13
    • vanebfbc: dan, that's a good strategy except my investment account restricts me from trading in options. I may change my account provider next year.
      12/15/13
    • sszaheer: Thanks Mr Robert for educating me atleast through this forum
      12/15/13
    • sszaheer: Mr RE who spends a lot of time. We should not accuse anyone as we make our own decision after agreeing with someone analysis.
      12/15/13
    • sszaheer: Mr RE who spends a lot of time. We should not accuse anyone as we make our own decision after agreeing with someone analysis.
      12/15/13
    • njtoms: sszaheer, thanks to you I have seen the error of my ways.Never question Authority. Blindly follow false gods. Grow Slow does have a Son. thx
      12/15/13
    • sszaheer: njtoms, thanks for comments.My account negative few thousand dollars but am the one who did the trade.will be ok if play smart coming weeks
      12/15/13
    • Growfast: NJ - You have yet to publish an article with your position and analysis and again posting comments that have no value. If you don't agree
      12/15/13
    • Growfast: with RE, great. What is your position? How are you helping anyone learn something new? To answer your question, I have lost nothing;
      12/15/13
    • Growfast: I have not completed my trade. I've made lots and lost lots prior to ever learning with RE. I may lose more. I may make more. But, I will
      12/15/13
    • Growfast: learn more. You? What are you learning by only being contrarian to RE - yet you have no opinion, no counter position, and no analysis for a
      12/15/13
    • njtoms: growfast, you pushed the NUGT Buy Button. Maybe Do Your Own Thinking Next Time. Face the Facts. Hopefully, one day you'll recoup heavylosses
      12/15/13
    • Growfast: trade. Take a stab. I would be interested in your analysis and set up for a trade - if you have one. So far, appears you do not have one.
      12/15/13
    • Growfast: NJ - So do you mean to say you are holding DUST? What was your entry? What is your target and what is your time frame? What is the logic?
      12/15/13
    • Robert Edwards: Here is a good Kitco article concerning Dec. 18th tapering decision. Click http://bit.ly/1dhqv8I
      12/16/13
    • Robert Edwards: Gold down 0.5% in premarket, GDX falls 2%. Now gold up $1 & GDX back to unchanged. Much of GDX pain continues to b underperformance.
      12/16/13
    • Robert Edwards: Late Friday GDX selloff was option expiration action, should b undone today. GDX due to begin outperforming gold. Worst should b over
      12/16/13
    • Chumley97: Grow, don't even respond to NJ, you are giving him what he wants. your responses are absolutely correct, but fall on deaf ears.
      12/16/13
    • Robert Edwards: Look at monthly chart of gold and look at June 2007. Click http://bit.ly/JrsWfX Hedge funds are least bullish since June 2007
      12/16/13
    • Robert Edwards: The following slanted article is most bullish thing I have read in awhile. click http://yhoo.it/1k7ZhqF as they r sure we continue
      12/16/13
    • Robert Edwards: liquidating out of ETF funds. Suppose gold does not go down, but instead rises. Then money flow starts going into funds and we boom!
      12/16/13
    • Robert Edwards: all the outflows of money from GDX and GLD funds leaves lots of capacity to reload and go the other way. All time high not seen yet ...
      12/16/13
    • Robert Edwards: all-time high in price and all-time high in volume, not yet seen in GLD or GDX. For now, we have fallen about as much as we can n gold & GDX
      12/16/13
    • Robert Edwards: without a significant rally. After the rally we most likely only retest where we r now. Very hard to make new lows from here. When we r
      12/16/13
    • Robert Edwards: rallying and hit 1800 gold, they say we are going to 2500 to 3000. when we fall in gold they keep lowering targets till we stop falling.
      12/16/13
    • Robert Edwards: If Goldman Sachs was actually bullish on gold, now that would worry me. But the fact they r publicly bearish and the public is so short, it
      12/16/13
    • Robert Edwards: virtually assures that the prices of 1100 and 1000 in gold will not be seen. Too many lined up on bearish side.
      12/16/13
    • gonetouring: On the ASX many of the mid-tier producers (SLR,SBM, KCN et al) are 20% up off multi-year lows reached first week of Dec, despite sideways
      12/16/13
    • gonetouring: movt in POG. Positive sentiment for oversold miners could be returning, barring a slam down below $1210 by the Cartel, so far unsuccessful.
      12/16/13
    • davePx: US dollar came down a bit ....it seems it may be following predictions for a pullback in equities...will pop gold a bit...I think this is
      12/16/13
    • davePx: The choppy action we see this morning
      12/16/13
    • davePx: NUGT having the std morning pop....
      12/16/13
    • davePx: The question is will it break out of the typical resistance it sees after the pop?
      12/16/13
    • Robert Edwards: GDX just made new high of day, after 10:00 a.m., good if we get another new HOD after 11:00 a.m. EST. Bullish signal.
      12/16/13
    • davePx: There it is...a significant breakout
      12/16/13
    • Growfast: With Gold moving over 1240 now, Dave, I think so
      12/16/13
    • Robert Edwards: 21.44 was HOD for Friday. Just a few cents from taking it out today. Need to make a higher high and higher low than Friday.
      12/16/13
    • Robert Edwards: gold above 1240 finally, breaking Friday's HOD. GDX just needs a surge here to get short covering going.
      12/16/13
    • davePx: We just need a little push from the US dollar....taking a hit
      12/16/13
    • davePx: Which is happening ....needs to continue
      12/16/13
    • Robert Edwards: I am going to day trade by selling out on strength and buying on weakness on part of my position. Just sold 300 NUGT 28.03
      12/16/13
    • Robert Edwards: Sold 1/2 NEM 23.53, will buy back 23.34 or lower
      12/16/13
    • davePx: May have topped for the moment
      12/16/13
    • Robert Edwards: GDX broke Friday's HOD. Very good sign.
      12/16/13
    • davePx: US dollar gaining again ...look for a pull back
      12/16/13
    • Robert Edwards: Looking for GDX to fall back to 21.25 to 21.30 area where I plan to buy back NEM and NUGT
      12/16/13
    • vanebfbc: Also sold NUGT at 28.20, looking for lower entry.
      12/16/13
    • Robert Edwards: Hanging in pretty good, decided to buy NUGT 27.99, so back with all NUGT, will wait for higher prices to sell again, towards 29 and 30
      12/16/13
    • Robert Edwards: Bot some NEM back 23.36, will add more 23.30
      12/16/13
    • davePx: Buying again now
      12/16/13
    • Robert Edwards: Bot NEM 23.38, so have all shares started with. With sell some on any and all rallies against minor resistance levels.
      12/16/13
    • Robert Edwards: Placed 300 NUGT sell at 28.48 and 300 more NUGT sell at 28.98 for quick scalp trade.
      12/16/13
    • Robert Edwards: It should b hard to get a bounce in NUGT to 30, as that merely gets us back towards 21.80 to 21.90 in GDX
      12/16/13
    • davePx: Euro is taking a hit but will turn back likely
      12/16/13
    • Robert Edwards: I am going to try to make enough money scalping each day 2 cover all future slippage and reduce break even. Will get more aggressive selling
      12/16/13
    • Robert Edwards: if weakness appears. Less aggressive day trading on strength as don't want to sell and not be able to buy back in lower. However,
      12/16/13
    • Robert Edwards: All new highs are likely a sell first time they are hit. Each whole dollar NUGT price target is a sell first time it is hit.
      12/16/13
    • Robert Edwards: I bot back as gold was bottoming just above 1240 and now gold is 1243 and looking good and GDX getting weaker towards 21.30 target.
      12/16/13
    • Robert Edwards: Should have waited to sell NUGT 28.25 and then buy back 27.75. Easy 50 cent trade. Lately, instead of stopping at whole numbers, stopping
      12/16/13
    • davePx: Euro turning now
      12/16/13
    • Robert Edwards: at the 25 and 50 cent marks.
      12/16/13
    • Robert Edwards: I see a typo. I meant to say it should NOT be hard to get a bounce back to 30 in NUGT as that is just back to 21.80 to 21.90 area in GDX
      12/16/13
    • Robert Edwards: Looking for a surge in gold towards 1250 for range expansion. Gold fell to as low as 1227 overnight and needs to have $20 to $25 range min.
      12/16/13
    • shopvac20: With gold back above 1240, I was hoping to see us hold at 28 ??
      12/16/13
    • Robert Edwards: gold just made new HOD right on schedule, hopefully get a surge that makes new HOD in GDX past 11:00 a.m.
      12/16/13
    • Robert Edwards: Moved NUGT sell order up to 29
      12/16/13
    • Growfast: Good to see, 1246 and doing the work it needs to do to move higher without backlash. shopvac, as Gold pushes higher, NUGT will snap in place
      12/16/13
    • Robert Edwards: GDX new HOD past 11:00 a.m. EST, another bullish signal for up close today.
      12/16/13
    • Robert Edwards: gold just hit 1250 right on time. Now see if we can get above 1250
      12/16/13
    • shopvac20: 1249.49 :)
      12/16/13
    • dan1981: Re technically can gold bounce to 1300. ?
      12/16/13
    • davePx: Look for another pop!
      12/16/13
    • Robert Edwards: dan, gold can pop a lot higher than 1300, as first target is 1305 to 1310, but once there it will likely keep on going.
      12/16/13
    • davePx: Lots of strength and consolidation in the Euro right now...it looks like the currencies and the volatility within are driving the change
      12/16/13
    • shopvac20: RE, what are you thoughts for the 1:30 close ?
      12/16/13
    • Robert Edwards: sold NEM 23.53, bot back 23.42, sold 500 NUGT 28.58. bot back 500 NUGT 28.30
      12/16/13
    • Robert Edwards: bot more NEM 23.36, so now have all my shares back. will wait for higher prices to find a spot to scalp
      12/16/13
    • davePx: Euro gaining again ...you may get your chance shortly
      12/16/13
    • davePx: I hat it when it does this!!!
      12/16/13
    • davePx: Hate it I mean
      12/16/13
    • vanebfbc: Bought back some NUGT at 27.97, like the action so far.
      12/16/13
    • Growfast: Debt ceiling issue has been quiet lately, but MW snuck this article in today. Interesting 2014 ahead: http://on.mktw.net/JsM65j
      12/16/13
    • njtoms: Finally, some Progress for NUGT Today. GDX Higher in the AH's.
      12/16/13
    • shopvac20: This is a painful rollercoster ... gold is having a tough time finding its footing
      12/17/13
    • Growfast: As long as it stays on track with higher highs and higher lows, this is building a strong base to build from.
      12/17/13
    • glaserdx: I assume everyone saw this article - Eat My Dust....? http://seekingalpha.com/a/14rbn
      12/17/13
    • Robert Edwards: sold extra NEM shares 23.35 and bot GDX 21.20 with the freed up funds. Looking for big rally on Wednesday. Even GS now saying no taper Dec
      12/17/13
    • ptTL9: and this one: http://seekingalpha.com/a/14p3d
      12/17/13
    • ptTL9: and all of these: http://bit.ly/1bNxLKr
      12/17/13
    • ptTL9: everybody is trying to guess, as we all do
      12/17/13
    • Robert Edwards: Bot more GDX 21.12. Figure we get another pop later today and take out today's high hopefully. But if not, looking for strong up Wedn.
      12/17/13
    • shopvac20: nothing showing up on the buying on weakness charts yet, anyone know why gold shot up then shot right back down so drastically this morning?
      12/17/13
    • Robert Edwards: prior to announcement. Short covering should make us hit 1250 or maybe 1260 in gold prior to the announcement Wednesday afternoon on taper
      12/17/13
    • shopvac20: Thanks RE ... Bull standing strong with core going into the announcement.
      12/17/13
    • Robert Edwards: gold tried to fill gap but missed slightly. nervous thin market, big buy orders can pop for quick spike up. Big 2000+ buy order did it
      12/17/13
    • Robert Edwards: Regardless what gold does today, looking for rally rest of week.
      12/17/13
    • Robert Edwards: Yesterday gold low 1227.20, today just hit 1227.60, shooting for stops and then rally likely
      12/17/13
    • njtoms: Growfast, Re-read Your Advice. I Apologize to you and R.E.. I've Been a Total Jerk. Team Player from Now ON. Sorry for what I Said. :)Noel
      12/17/13
    • Growfast: No problem, Noel. Glad to have you here to learn with us. It's not always easy to keep the proper perspective. Like Lefty said a while back,
      12/17/13
    • Growfast: It is just work. Numbers and paper. Right now, we're in the grind to set up where we want things to go. Patience, learning and work. The
      12/17/13
    • Growfast: challenge and struggles make the victories that much sweeter.
      12/17/13
    • Robert Edwards: Had a sell order in NUGT this morning but missed filling by 5 cents. Figured we would fill gap but just missed. The weak days are days
      12/17/13
    • Robert Edwards: weak days cause slippage, while up days no problem. Still hopeful we have another rally or two today to sell into for day trade reposition
      12/17/13
    • Robert Edwards: gold back to 1230.30 and did not run the stops so far. Now we tested bottom, maybe we get a bounce or two in here
      12/17/13
    • Robert Edwards: Noel, no offense taken. I am as frustrated as you r. Gold miners have underperformed to an extreme, but that is about to change.
      12/17/13
    • Robert Edwards: The bears are now talking more bullish than the bulls. They are taking profits and talking market up so they can resell on strength
      12/17/13
    • Robert Edwards: When they try to resell, we might just keep rallying and they have to short cover at a loss. But for now, still in bottoming mode.
      12/17/13
    • Robert Edwards: Miners are at decade (10 yr) if not generational (20 yr) low in negative sentiment. When we bottom, we might keep rallying for couple years
      12/17/13
    • Robert Edwards: When bears say we r going to get one more selloff and then they will buy at bottom and turn a bull, u rarely get that last capitulation low
      12/17/13
    • Robert Edwards: Everyone apparently wants to become a gold bull at 1150, 1100, or 1050. Quite unlikely we take out 1200 support to let them buy so low
      12/17/13
    • Robert Edwards: Reminds me of Twitter. Everyone was going to buy high 20s or low 30s so after 4 days of trading, I said to buy at 40 & see 50 before 30
      12/17/13
    • Robert Edwards: The prices that everyone wants to buy are rarely seen. Gold is a sideways market 1200 to 1450 at worst and we r in low part of range
      12/17/13
    • Robert Edwards: At any moment we start rallying and could move out of top end next couple months or may take a year or two. Worst to downside over, IMHO
      12/17/13
    • Robert Edwards: Got many thoughts down on trading rules and will publish this evening a short article throwing out some ideas
      12/17/13
    • glaserdx: Rob--look forwrd to reading it
      12/17/13
    • shopvac20: the RE, your encouragement in gold is good to see... it would be great to see some shorts start covering... then a rally to pursue
      12/17/13
    • Robert Edwards: Try to curb my enthusiasm to not give false hope but I am getting extremely bullish based on MACD action, & very at ease about Wedn FOMC day
      12/17/13
    • Robert Edwards: Still looking for very strong gold action next 2-3 weeks that should get going after Wednesday FOMC announcement regardless of what is said
      12/17/13
    • Robert Edwards: Article explaining Elliot wave theory how we could be at bottom now and don't need to make a new low. http://bit.ly/18U4SMC
      12/17/13
    • Robert Edwards: http://on.wsj.com/AASMqQ Buying on weakness #80 is GDX, nothing gold related on list of top 100
      12/17/13
    • njtoms: GrowFast and Robert, Thanks for the Foregiveness. Truly mean it. Have just been under such pressure. Like you I feel the Best Days Ahead!
      12/17/13
    • newbie872: Problem now seems to be sliding sideways-no big trends to base from. Will a big trend just 'start up' or do we need small waves first?
      12/17/13
    • newbie872: It hurt 'bulls.com too, made a couple bad calls due to patterns but the pattern did not cap a real 'trend' as it's supposed to.
      12/17/13
    • njtoms: Robert, Just to let You Know. I shared Your Bullish Harami on the GDX Weekly with some TA Pro's I Respect. Total Agreement to the Person!
      12/17/13
    • njtoms: Everybody check out zerohedge.com. Current article: GOLD to Rise thru end of the year; as Traders Close out their Short Positions.
      12/17/13
    • Robert Edwards: americanbulls,com had DUST with a bearish kicking pattern which means NUGT had a bullish kicking pattern yesterday, but did not mention the
      12/17/13
    • Robert Edwards: bullish kicking on NUGT. If we boom tomorrow then they will have to scramble out of shorts at a loss and get long again.
      12/17/13
    • Robert Edwards: NEM is up 8 cents, and outperforming finally vs. GDX. About time it caught a bid down here. $23 is very low price for this mining leader
      12/17/13
    • Robert Edwards: NEM slipped down 12 cents yesterday when GDX was up, so I rolled out of trading NEM shares today & into GDX but still have core NEM shares
      12/17/13
    • Robert Edwards: Gold closed 1:30 EST 1230, but now trying to knock out stops under yesterday's low of 1227.20.
      12/17/13
    • Robert Edwards: GDX moved from #80, to #67 to #61 buying on weakness in the last hour. If gold would get off lows, could come back quite a bit
      12/17/13
    • Growfast: I think that when DUST is driven below 40 and NUGT goes to 31, there is lots of blue sky above....Between now and then could be 1 day, or
      12/17/13
    • Growfast: could be longer, perhaps into next year. If NJ and RE are correct, we may see a good rally before the EOY which we would all certainly enjoy
      12/17/13
    • Robert Edwards: GDX now #47 and GLD now #83 on Buying on weakness
      12/17/13
    • shopvac20: Traveling for work, will catch up on all articles tonight, a rally to close would be encouraging going into the meeting tomorrow.
      12/17/13
    • shopvac20: no rally, but no sell off, we are going into tomorrow with a small gain this week, lets extend that gain!
      12/17/13
    • WallysWrld: Starting to see discussions elsewhere of 2014 Gold rally, but just in case do we have Plan B, if they "spin" no-taper into a $GoLD selloff?
      12/17/13
    • Robert Edwards: AS long as NUGT stays above 19 to 20 area, not in bad shape for rebound. Under 19 and chances of getting back to 40 diminish greatly.
      12/17/13
    • Robert Edwards: A stop at 19 in NUGT has to be looked at for serious consideration. If touch in the 20 area or just below, need to quickly move back up.
      12/17/13
    • njtoms: Gold Handing in there this morning: 132.20.
      12/18/13
    • davePx: RObert, you mentioned something about positive Macd action ....I see a different pattern this morning too. What do you make of it?
      12/18/13
    • Robert Edwards: We are getting positive crosses on daily MACD and noticed how NUGT has gone sideways at lows for extended period of time. Just need bounce
      12/18/13
    • Robert Edwards: Sold the GDX that I bot yesterday, at 21.30 today. Surprised we are not getting more short covering but should be different this afternoon.
      12/18/13
    • Robert Edwards: looking for a 10 to 20 dollar spike up in gold prior to the announcement, but may not get it. if we don't, the bears r very entrenched
      12/18/13
    • njtoms: davePX, could you explain the macd aspect your visualizing? thx/Noel
      12/18/13
    • Robert Edwards: & being so entrenched in their bearish resolve, no pre-announcement bounce, then no shortcovering so bigger move up post report if no taper
      12/18/13
    • davePx: MACD usually has been popping for a nicely shaped bump pin the morning opening then straight to the negative but lately we have seen more
      12/18/13
    • davePx: Of a tail of sideways action like investors are hanging in there longer expecting upward movement....
      12/18/13
    • Robert Edwards: so far, gold has held lows of last 2 days, 1227.20 & 1227.60. If we run stops should be minor dip and then pop back up pre announcement
      12/18/13
    • Robert Edwards: Too tight of range and need range expansion, so miners should take out highs shortly
      12/18/13
    • davePx: Seeing that now with NUGT...I'd like to see this develop into a trend of strength but it has been a long and frustrating journey for me
      12/18/13
    • melanielshop: RE that is where my thoughts are as well with a caveat around future guidance
      12/18/13
    • Robert Edwards: When GDX finally goes above 22.25, it should explode up big on shortcovering. Until we get there, shorts stubbornly holding. Sideways
      12/18/13
    • metalhead: One thing I don't like seeing here is tight correlation of GLD with Nasdaq, SPY.
      12/18/13
    • metalhead: Metals should provide diversification and if they're not this tells me everyone is just reacting to the latest fed rumor
      12/18/13
    • davePx: Robert, looking ahead to this afternoon if we get a 10 to 20 spike what probability do we have of that being the turning pt to up trend...
      12/18/13
    • Robert Edwards: NEM took out yesterday's high by a nickel. Looking stronger.
      12/18/13
    • davePx: Or will it just reverse and take a swift downer?
      12/18/13
    • davePx: NEM looking quit orderly upward!
      12/18/13
    • Robert Edwards: When GDX trades and then closes above 22.21 (July low) then bottom is in. GDX needs to shed concrete boots. Enough already!
      12/18/13
    • melanielshop: GDX/NUGT steadily climbing
      12/18/13
    • Growfast: I'm liking the relative strength in NUGT and NEM today, despite the lower hovering Gold price. They are itching to run like racehorses
      12/18/13
    • Growfast: entering their gates to start a race. But, I think Gold is going to have to get the move before the bell rings. The strength leads me to
      12/18/13
    • Growfast: believe more investors and trades are looking to the opportunity from Gold now, rather than to the downside and risk - not selling on fear
      12/18/13
    • davePx: I agree this looks like a setup of speculator expecting higher gold
      12/18/13
    • davePx: If gold does not come through ...look out below!
      12/18/13
    • Robert Edwards: Don't see GDX doing much to the downside for the next 2 1/2 weeks no matter what. If we make a new low, likely only by a nickel then pop up
      12/18/13
    • Robert Edwards: If gold takes out 1210 low, don't see 1200 low being taken out. Time for sideways action at worst, strong rally most likely IMHO
      12/18/13
    • Robert Edwards: Any more downside is stop running and a major buy IMHO. I plan to buy on any dips post announcement. No reason to even dip.
      12/18/13
    • davePx: Resistance at 1232 hard to overcome!
      12/18/13
    • Robert Edwards: So davePx, I don't see a below in gold's future under any circumstance, but I could be wrong. Miners in big hole, about only way out is up
      12/18/13
    • Robert Edwards: If we went up on strong Friday employment number recently, why not go up double or triple that much no matter what FED says today.
      12/18/13
    • Robert Edwards: 6 months ago, all extreme lows in miners was a buy and big rallies. Now in a funk and not rallying on taper fears. No matter what Fed says
      12/18/13
    • Robert Edwards: today, should relieve some fear and uncertainty that should allow miners to rally finally. Relief rally is only logical scenario IMHO.
      12/18/13
    • shopvac20: what time is the announcement scheduled for?
      12/18/13
    • NicoDuzit: FOMC Statement/Projections at 11 Bernanke Speaks 11:30 (Pacific)
      12/18/13
    • Robert Edwards: gold just dropped to 1227.00, running stops below last 2 days. miners outperforming
      12/18/13
    • shopvac20: coming soon .. golds @ 1228
      12/18/13
    • Robert Edwards: no follow thru to downside right now in gold. 1225 is support, 1210 support, 1200 support etc.
      12/18/13
    • Robert Edwards: Gold future shorts are at 7 year highs if I remember correctly. Perfect time to go the other way. Can't ask for better countertrend setup
      12/18/13
    • davePx: ....on the edge of my seat in anticipation. Sounds like it aligns well with the current situation.
      12/18/13
    • davePx: US dollar not helping it seems to be holding somewhat.
      12/18/13
    • shopvac20: Get a bounce here, then that will force the shorts to get out their positions adding to the rally... a man can dream.
      12/18/13
    • Robert Edwards: we have been in a downtrend for what, 7 or 8 weeks? Running out of gas. Knocked out the bulls, weak players long gone. No more fuel left
      12/18/13
    • Robert Edwards: to go down. However, lot of fuel to rally. Shortcovering provides great fuel. Metals and miners need to refuel by going up starting today
      12/18/13
    • Robert Edwards: This is 17th week since major high. Perfect setup to rally for 2 1/2 more weeks
      12/18/13
    • Robert Edwards: Lets take a poll. I say no taper
      12/18/13
    • Growfast: Gold price coming alive and starting to move...
      12/18/13
    • gaklaw: No taper
      12/18/13
    • NicoDuzit: taper late '14
      12/18/13
    • ricejudicata: I'm hoping it's no taper. If they do, the consensus seems to be that fwd looking statement eases the pain with some carrot.
      12/18/13
    • WallysWrld: Poll: no taper ... But I'm shaking in my boots in anticipation :/
      12/18/13
    • rodh7858: Steve Liseman on CNBC says Fed taper. He is always wrong so I guess No Taper. But how will the algos react thats the question? Holding Long.
      12/18/13
    • metalhead: I despise Liesman with the burning intensity of 1000 suns, so eagerly awaiting the dish of crow he's about to eat.
      12/18/13
    • Normmax: of government intervened free market.
      12/18/13
    • Robert Edwards: So the commodity guy Jim on CNBC says we taper and gold sells off. Other guy says buy gold. I go with buy gold
      12/18/13
    • metalhead: No taper this month, but they will announce "intent to taper" in Jan-March, data dependent.
      12/18/13
    • metalhead: Just a warning to non-experienced traders, be careful with stops they will try to whipsaw you out of your positions
      12/18/13
    • metalhead: use mental stops, market makers love to take out stop orders entered into the system.
      12/18/13
    • shopvac20: I say no taper this meeting
      12/18/13
    • metalhead: also remember the first move is usually a head fake after FOMC hits the tape.
      12/18/13
    • Growfast: 1243 on Gold price leading up to announcement. I've got video feed coming up.
      12/18/13
    • shopvac20: Gold and NUGT are running ... could this be the start of the stampede ?
      12/18/13
    • Growfast: Whipped right back to 1235... interesting
      12/18/13
    • Growfast: And now, right back to 1243... this thing wants to run. Decision behind us, RE may be right. All excuses to hold back will be gone
      12/18/13
    • NicoDuzit: 1220?
      12/18/13
    • Growfast: Tapering on; Reducing by $10Bln 85 to 75
      12/18/13
    • NicoDuzit: 10 billion reduction
      12/18/13
    • shopvac20: what just happened, nugt just lost about 4%
      12/18/13
    • Robert Edwards: caught some NEM 23.22
      12/18/13
    • glaserdx: 10 bil is more symbolic impact than financial - signals more to come gradually
      12/18/13
    • Robert Edwards: small taper, dovish comments keep rates low, ricejudicata got it right.
      12/18/13
    • metalhead: extremely nasty head fakes in GLD, SLV, GDX. That's why you don't use tight stops on a day like this, ladies and gents.
      12/18/13
    • Robert Edwards: gold market is relieved the announcement is over.
      12/18/13
    • Robert Edwards: Need to make a new high of day post report. Not done that yet
      12/18/13
    • ricejudicata: We need Bernake to say something accommodative, such as keeping rates low until 2015.
      12/18/13
    • shopvac20: lets see gold start to rally now, 10 billion a month means they are still cranking 75 bil a month into it, RE,Grow - what are your thoughts?
      12/18/13
    • NicoDuzit: Hold or Sell?
      12/18/13
    • Growfast: Holding and watching. Lots of volatility but Gold can't make its mind up yet which direction to go. Still thinking there will be a relief
      12/18/13
    • ricejudicata: Agree with Grow. I'm holding here. RE seems correct that it was all priced in, or we'd be in worse shape.
      12/18/13
    • ricejudicata: I don't think Bernarke will hurt us. If I'm in DUST, I would be worried that they got what they wanted and Dust is red.
      12/18/13
    • Lefty6x6: that was awesome !!! please tell me that some f you guys hit both nugt and dust ---
      12/18/13
    • Growfast: USD is down; DXY at 80 which should lift gold. Treasury yields volatile now too all looking for direction.
      12/18/13
    • vanebfbc: Eventually I decided not to hold DUST. Seems to be a wise choice but will see if it gets better at the EOD.
      12/18/13
    • Robert Edwards: Sold 23.48, NEM, bot at 23.22, still holding rest
      12/18/13
    • Lefty6x6: in dust @ 44 - out @ 45.25. gonna bite some more dust back at 44. I think theres another 44 back to 45 bounce left today.
      12/18/13
    • ricejudicata: Hahahha Left. I had two screens open, one for each, but couldn't pull the trigger on Dust.
      12/18/13
    • Lefty6x6: rice: welcome to what I call the teeter totter --- ride both sides. make money, go fishing. rinse, lather, repeat.
      12/18/13
    • Growfast: Agree there are trading opportunities today. Gold is ranging from 1220s to 1239 back and forth.
      12/18/13
    • Lefty6x6: hey Grow --- come to tampa and we can go fishin and trade from the boat !
      12/18/13
    • Lefty6x6: FUDGE !!! - will add more dust @ 43.
      12/18/13
    • Growfast: You got it! Now that is the way to trade, Left.
      12/18/13
    • Robert Edwards: Sold 200 NUGT 28.72 to scalp a bit
      12/18/13
    • vanebfbc: $NUGT and gold coming back. If it stays above 29 by EOD I'd be more than happy! Also $GRPN +20% since bought, that's some relief for me.
      12/18/13
    • Robert Edwards: bot nugt 28. what sold previously
      12/18/13
    • Robert Edwards: gold weakening
      12/18/13
    • newbie872: Woah...the gold chart looks like it's having a heart attack! [1:13 pm CST]
      12/18/13
    • Robert Edwards: Thinking we might get a dip 30 minutes before close in miners and then rally into close and possibly close new HOD
      12/18/13
    • dan1981: Re where do see gold in 2 to 3 days now ?
      12/18/13
    • gaklaw: If so, recommend selling trading shares into close??
      12/18/13
    • Growfast: Even though I would like to see bigger rally today, the NUGT chart looks good and is building momentum with a slow build on the base. DUST
      12/18/13
    • Growfast: is starting to fall apart. I think this looks good for the next 2 to 3 weeks. Should be trading opportunities but I would anticipate NUGT
      12/18/13
    • Growfast: continuing the uptrend.
      12/18/13
    • Lefty6x6: still looking for the dust bump to 45
      12/18/13
    • Growfast: I think you should get that takeout here shortly...then a rally off the lows would be great. I've got some NUGT 30 calls I would like to hit
      12/18/13
    • Lefty6x6: ..and there she be - fishin tomorrow !
      12/18/13
    • glaserdx: Nice trades Lefty!
      12/18/13
    • Normmax: No taper, it is a world wide conspiracy, It has created a economy phenomenal that they may put it QE into new textbook, as good example of
      12/18/13
    • gaklaw: Well, that was definitely a dip and it was 30 minutes b4 close---let's hope the rally comes as RE also predicted
      12/18/13
    • shopvac20: 1222 and seems to be still dropping, took a hard drop south, no gold tickers on the buying on weakness list yet.
      12/18/13
    • Lefty6x6: left some on the table getting out of dust too early, but did hit my marks. looking to buy nugt @ 26.25 before the close.
      12/18/13
    • Robert Edwards: got my dip but it went a lot deeper than I would have liked. Bordering on ridiculous. Bot NEM again 23.20
      12/18/13
    • Robert Edwards: had to run stops below 1220 hit earlier, hitting 1219.20 in gold
      12/18/13
    • Robert Edwards: got gold under 1230 and spooked miners. Want to see GDX close above 21 and hopefully close up but not looking good this minute
      12/18/13
    • glaserdx: bought nugt $26
      12/18/13
    • ptTL9: Lefty, why @26.25, you don't expect follow through to downside?
      12/18/13
    • shopvac20: Dow soars 255 points ... nugt goes from 6% up to 5% down and dropping... the weakness is disturbing, 1216 gold - this is crazy
      12/18/13
    • Lefty6x6: figured 26.25 is as good a spot as any to get back in on a dip. will pick up more on follow thru down if it goes to 25.75.
      12/18/13
    • shopvac20: NewGold NGD made the list at 98
      12/18/13
    • ptTL9: i suspect if will, and gold may test 1180, and than start ye rally/bounce into Jan
      12/18/13
    • Growfast: Wow. DXY (US$ index) is up to 80.39. This is after 79.80 just a short while ago. That is crazy move for USD. Probably pressure on Gold there
      12/18/13
    • ptTL9: people where positioning for repeat on 9/18 and it did not materialize
      12/18/13
    • Growfast: DXY now at 80.54; amazing move in 1 day. Looks like investor $'s went to DOW index stocks rather than Gold on taper decision.
      12/18/13
    • vanebfbc: The drop was big but not too bad, as $NUGT is trading above 26 again AH. Was probably right to reposition low. Great call on $DUST Lefty!
      12/18/13
    • Lefty6x6: I think 26 is a good spot. expect the morning pop as usual. if not, buy a block of dust in the premarket or at the open.
      12/18/13
    • Lefty6x6: the teeter totter will rock back and forth again tomorrow folks. its all good in the hood. low tide at 11:30ish, I'll be done before then.
      12/18/13
    • Robert Edwards: Starting a new thread with new article, click http://seekingalpha.com/p/1hr8n
      12/18/13
    • njtoms: Unless I am Hallucinating Just Saw Gold Trade at 1235.00 at 4:25CST. R.E. /Growfast any Ideas why? thx/Noel
      12/18/13
    • njtoms: RE, for the 3rd Time Please answer my ?'s. Bullish harami still in play?, Tax Loss sellin is it real? Why'd you xpect AU to Rise after Taper
      12/20/13
    • Robert Edwards: bullish harami still in play. tax loss selling should b done. gold rises after taper as already factored in and more. relief rally due
      12/20/13
    • njtoms: Robert, want to Send You a XMAS Card. Could You Give me Your Address? Thanks, Noel
      12/23/13
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