Seeking Alpha
  • Robert Edwards
    Still holding fast to $NUGT target of $50. Like $GLD, $NEM, $GDX but not $DUST. New article, click http://seekingalpha.com/p/1i2b9
    12/24/13
    Reply (90)
    • Growfast: Thanks for the article, RE. We have a little strength today which is good to see. Prepared here for defense if we go to 1180; prepared for
      12/24/13
    • Growfast: rally from here or from new lower position.
      12/24/13
    • shopvac20: thanks RE, I like the strength today... much like the last half day we had some strength.
      12/24/13
    • shopvac20: question to the board, for tax reasons, could I buy the same amount of nugt i have right now, then sell that same amount (FIFO)
      12/24/13
    • shopvac20: to take a loss on this trade and negate gains from earlier this year ?
      12/24/13
    • Growfast: Won't work unless you don't buy for 30 days. What you suggest is wash sale. Loss would be incorporated into the new purchase.
      12/24/13
    • Growfast: One way you could accomplish what you want though, would be to sell your NUGT and buy an equivalent call option on NUGT for some expiration
      12/24/13
    • Growfast: date in the future.
      12/24/13
    • Growfast: Interesting perspective here on Gold and Miners. http://bit.ly/1eCy3s6
      12/24/13
    • bobzic: Thanks for your article, Robert.
      12/24/13
    • shopvac20: thanks grow... i know that its a wash to sell and buy within 30 days, i was just curious if i could buy first, then sell. but still a wash?
      12/24/13
    • glaserdx: Grow - interesting article it is - don't understand some of the TA, but I get the bullish stance- thanks
      12/24/13
    • glaserdx: Any thoughts on today's NUGT uptrend?
      12/24/13
    • Growfast: Shop - yes, even if you buy first, the account will allocate the sale to the buy - anything within 30 days. Next year you are going to have
      12/24/13
    • Growfast: to pay on the upcoming gains (I suspect) :-)
      12/24/13
    • shopvac20: Thanks Grow, also great article... I will hold fast! I like the strength, lets keep gold over 1200
      12/24/13
    • Lefty6x6: been buying dust down all day....nugt enjoying a sort of opportunity for people to sell and maybe pare their losses being up a couple bux.
      12/24/13
    • Growfast: Glaser - I do like the strength today in light trading, as it continues to form the strong base. The short-term chart and indicators are
      12/24/13
    • Growfast: better for a near-term rally. Sure would like to see 1220 and 1260 quickly, although probably won't happen until Thurs or Fri this week.
      12/24/13
    • Growfast: More likely, the next week.
      12/24/13
    • Lefty6x6: yes, I agree w growfast - next week nugt should find some more footing.
      12/24/13
    • glaserdx: thanks grow- looking forward to the 1260!
      12/24/13
    • Growfast: We are getting close to breaking out of this resistance today around 1208. Once we do, some blue sky up to 1220. Would be fun to finish
      12/24/13
    • Growfast: today with a bang, but if we can hold these highs in Gold and NUGT, that in and of itself will look good for the setup on Thurs.
      12/24/13
    • Growfast: It has been too long for this group, but sure is fun as I recall from some time ago to be on the right side of a run in NUGT.
      12/24/13
    • newbie872: Thx for the article. Good to see some strength today. I'll be sitting out till 2014, but good luck/happy holidays/merry Christmas to all!
      12/24/13
    • shopvac20: The green days are fun! what is the driver today for gold? with the Dow closing in on another record?
      12/24/13
    • njtoms: Word Out this Morning. Goldman Sachs calling the Gold Miners the Contrarian Play for 2014. Source:RealMoney.com
      12/24/13
    • njtoms: Word Out this Morning. Goldman Sachs calling the Gold Miners the Contrarian Play for 2014. Source:RealMoney.com
      12/24/13
    • Growfast: What do you think GS agenda is behind that recommendation?
      12/24/13
    • shopvac20: nj, can you point us to that article ?
      12/24/13
    • johnpsychdoc: Really am enjoying this late day parabolic move up. May sell out and hopefully buy at lower after next couple of days if profit taking occur
      12/24/13
    • Growfast: I'm holding on this bullish tone. John, you may be making a good call but all indicators are looking like I want to be in for Thursday.
      12/24/13
    • Growfast: Call options are in the money at these levels. Looking for bigger move later this week.
      12/24/13
    • johnpsychdoc: Been in uptrend all day and above 50 min. EMA. Very encouraging to see this daily strength. Bears seem to be losing conviction over holidays
      12/24/13
    • Lefty6x6: sitting on nugt @ 25.11 and a pile of dust @ 48.50 will be riding the teeter totter and looking to unload both when they break higher.
      12/24/13
    • Growfast: Nice finish to go into the Holidays. Merry Christmas to all! Thursday should be another good day. Hope we finish the week as RE suggested.
      12/24/13
    • Cameron Swinehart: Gold has held strong on taper news. I think we are near bottom.
      12/24/13
    • glaserdx: Merry Christmas everyone!
      12/24/13
    • johnpsychdoc: It's official Santa loves RE and gold bulls! Happy holiday everyone and hoping for similar days in the near future. Enjoy time with family..
      12/24/13
    • shopvac20: Merry Christmas All, RE, thanks for your ongoing articles. Y'all have a great Christmas, see you all on Thursday, may the bulls be running
      12/24/13
    • johnpsychdoc: Go baby go! This Santa rally is for RE's Christmas gift....
      12/24/13
    • johnpsychdoc: Wow broke the retracement and bounced right back up after hitting the 20 min EMA. Hope it continues to fight back. Showing remarkable stgnth
      12/24/13
    • johnpsychdoc: Hope you're right Grow and either way I'll be cheering and hopefully joining you guys on the trip up... John
      12/24/13
    • johnpsychdoc: Hope you're right Grow and either way I'll be cheering and hopefully joining you guys on the trip up... John
      12/24/13
    • Robert Edwards: Today was a great Christmas gift to me, but more so to all the gold bull faithful who continue to hold their NUGT/GDX/NEM. Merry Christmas!
      12/24/13
    • shopvac20: Anyone know why gold just fell under the 1200 suddenly ... My guess is a massive sell order ???
      12/24/13
    • njtoms: Big Guys are Accumulating GDX. There was a 9,384,000 Share Buy at 13:07 PM EST this afternoon.
      12/24/13
    • njtoms: The StockTwits.com Article was Posted at 4:24 PM on 12-24-13. Unclear EST or CST. It's There. Just Re-Read It. Looks Good.
      12/25/13
    • njtoms: Guys & Gals Something to Ponder. GDX Vol. today was 34M+ Shares. It was a 1/2 Day of Trading. Average Daily Volume is 38M. Think About It.
      12/25/13
    • njtoms: I gave you Guys more information in my last 4 Posts. Thans some of You Give a Month of Postings. Can I Hear a "Thanks, Noel"? Can't Hear You
      12/25/13
    • shopvac20: Good gave us a nice little morning pop! welcome back group.
      12/26/13
    • glaserdx: Watching GLD, now over 117 - Avi's target of 118 could lead to higher bull prices
      12/26/13
    • Growfast: Gold should be able to work up to resistance at 1220. Would be thrilled if it would just run right through it, but recent behavior suggests
      12/26/13
    • Growfast: working through this hard work with a little time.
      12/26/13
    • melanielshop: What's going on with NUGT
      12/26/13
    • Growfast: Odd. Perhaps some profit-taking but I think this is premature.
      12/26/13
    • Growfast: Perhaps going in to test the gap for this morning. As Gold moves back up, NUGT should snap back too.
      12/26/13
    • Robert Edwards: gdx low 21s & nugt in mid 28s was where we were on taper day. gold was low 1230s so miners r outperforming gold finally
      12/26/13
    • ptTL9: resistance at 1219, http://bit.ly/19r9htd
      12/26/13
    • johnpsychdoc: Range is really tightening. Seems a major move coming Up or down. Looking for a reentry point after missing the big move early today. John
      12/26/13
    • johnpsychdoc: Bands are really narrow and volume is down as well. Expecting major move shortly....
      12/26/13
    • johnpsychdoc: Here we go but in wrong direction....
      12/26/13
    • melanielshop: The 10 year just went to 3
      12/26/13
    • johnpsychdoc: Back in but have a tight stop in at daily low. No more being trapped in losing position for me. Have made that my early New Year's resolutio
      12/26/13
    • johnpsychdoc: Stopped out and here we go down again..... John
      12/26/13
    • Growfast: Closed gap from this morning, now ready to run up...
      12/26/13
    • johnpsychdoc: Looks like the bears are back in control at least for today. Some big folks continue to believe there is still downside in miners. John
      12/26/13
    • shopvac20: that was a quick move from outperforming to under-performing
      12/26/13
    • Growfast: The day is not over yet, guys.
      12/26/13
    • Growfast: Mel - what do you think the 10-yr Treasury rates are going to do from here over the next couple months?
      12/26/13
    • davePx: Hope you all had a good Christmas.....I have seen NUGT do this underperforming when it anticipates the market direction...
      12/26/13
    • davePx: Speculators get the best of it
      12/26/13
    • davePx: Resistance at 1212...showing to be real
      12/26/13
    • Lefty6x6: unloaded my nugt that I had @ 25.11 - made some $ - now sitting on my dust...but not looking like I'm gonna be able to get out of it today
      12/26/13
    • shopvac20: Low volume day for trading.. sorry lefty - but I am hoping for a EOD rally for gold
      12/26/13
    • davePx: Also waiting to see the end
      12/26/13
    • Lefty6x6: shopvac: no worries man I don't mind sitting on it for days at a time. all good I just root for everyone to get in and out on the swings
      12/26/13
    • melanielshop: Grow - 3-3.10 for the first quarter
      12/26/13
    • melanielshop: maybe even 3.25
      12/26/13
    • shopvac20: I will take a green finish.
      12/26/13
    • Growfast: Mel - got it; I'll be watching for trade opportunities in TBT.
      12/26/13
    • Growfast: Nice that NUGT and NEM closed higher today on a soft day. And, that Gold was moving up on the close. We are still in a bullish pattern.
      12/26/13
    • Growfast: Would like to see NUGT at 30 tomorrow.
      12/26/13
    • shopvac20: I would like to see 30 tomorrow as well !
      12/26/13
    • bobzic: $NUGT : 1 big player bot 1,440,000 GDX @ 4.07 pm (nasdaq.com).
      12/26/13
    • njtoms: $BPGDM is the Symbol for the Gold Miner's Bullish Percentage Index. 3 Words to Never Forget: " Time To Buy." Tween Now & February. URVELCOM
      12/26/13
    • njtoms: I'd Like to see NUGT Hit 50 Next Week.
      12/26/13
    • shopvac20: http://bit.ly/K7FOs2 I know we saw some of this early this year, but overall articles are getting less bearish
      12/26/13
    • Robert Edwards: New article & thread, click http://seekingalpha.com/p/1i70f
      12/27/13