Seeking Alpha
  • Robert Edwards
    Gold is basing. Good news for $NUGT, $GDX, $GLD, $NEM, $ABX, $GG, but not $DUST. New article click http://seekingalpha.com/p/1i70f
    12/27/13
    Reply (93)
    • shopvac20: thanks RE, great article .. we just had a nice bump upwards in the gold price... would enjoy going into the weekend on a bullish trend.
      12/27/13
    • rodh7858: Hi Rob: Just checking in from my family vacation. I'm away from computer & holding my $NUGT/$AUQ/short $GDX puts. Thx for the articles.
      12/27/13
    • Growfast: Looking good so far this morning. If we can pop through the other side of 1220 early, could provide some nice sunshine up above those levels
      12/27/13
    • Growfast: Thanks for the article, RE. Good read as always.
      12/27/13
    • glaserdx: Thanks Rob - looking for that white whale
      12/27/13
    • ptTL9: all speculators went to wpcs, 11 mln shares trader so far
      12/27/13
    • melanielshop: NUGT a bit flaky this morning
      12/27/13
    • johnpsychdoc: Hard to make sense of general trend with light volume leading to high volatility. Stopped out yesterday due to all this volatility.
      12/27/13
    • davePx: Thx for the article Robert,...This morning I see the typ speculation holding back to see which way this will go.
      12/27/13
    • davePx: The mkt may cool a bit today and allow some flow into gold
      12/27/13
    • davePx: Dollar weakening, could be good conditions to head up
      12/27/13
    • davePx: The longer gold stays on this anemic track though I become more cautious of a serious downer
      12/27/13
    • shopvac20: Dave brings up a good point, RE how does an a stagnate gold price fit into your analysis? are we just looking to close above the 1200.50 ?
      12/27/13
    • shopvac20: as you said in your article, then look for the pop sometime next week?
      12/27/13
    • Growfast: Look at how flat we were 12/19 -12/23, but then the up move into this new level. I think the work NUGT and Gold are doing is constructive
      12/27/13
    • Growfast: Would love to see big rally, but at least pressure downward is not what we have seen past few months. As RE said, I think bears and sellers
      12/27/13
    • Growfast: are out of ammo. Only thing we are waiting for now is buyers coming in, then to put the squeeze on shorts.
      12/27/13
    • Growfast: If we continue making higher lows and finding higher highs, then I won't be complaining.
      12/27/13
    • shopvac20: right on grow, I see what your saying thanks !
      12/27/13
    • johnpsychdoc: Was having second thoughts about buying at these level. Take a look at the hourly chart on GDX. Not taking out the high on 12/18 really make
      12/27/13
    • johnpsychdoc: me think that we have one more retest of the bottom before we begin moving up for real. Only my two cents but does look precarious 2 me IMHO
      12/27/13
    • johnpsychdoc: Took a look at the NUGT day chart. Looks like 12/26 was a pivot point for another down move. Will keep my powder dry and if wrong will try 2
      12/27/13
    • johnpsychdoc: catch on to your coat tails while you rocket upwards. John
      12/27/13
    • dan1981: Don't see any fundamental support for gold.
      12/27/13
    • bobzic: NUGT will come back green in the afternoon.
      12/27/13
    • Growfast: Gold pushing upwards off the 1212 support. Looking to find a new high over the earlier 1218 level.
      12/27/13
    • davePx: I will be much relieved if it takes that direction...i sense we are really at the cusp
      12/27/13
    • ptTL9: Europe is on vacation; let's see what happens when everyone gets back after New Year I am cautious, remember how Thanksgiving rally ended.
      12/27/13
    • Growfast: Sold my NUGT calls expiring today at a profit but never got the rally I was looking for to 30. Just didn't have the conviction in Gold.
      12/27/13
    • melanielshop: NUGT going up at the end of day again
      12/27/13
    • Growfast: Should be a bullish sign going into next week. Glad to see a little action. Most of today was very quiet trading in NUGT.
      12/27/13
    • shopvac20: Nugt closed on the day high ... and the days low is considerably higher.. Bullish
      12/27/13
    • bobzic: Next friday NUGT will be @ 30.
      12/27/13
    • shopvac20: Again the gold price shot down, fell $10 to 1204 Anyone know what happened
      12/27/13
    • shopvac20: That's from goldprice.org .. Other sites don't show the drop
      12/27/13
    • bobzic: Higher gold prices expected for next week, read http://bit.ly/1hLLbco
      12/28/13
    • glaserdx: thanks bobzic, 50% are not terrible odds but not great
      12/28/13
    • davePx: Couple of article out on seeking alpha now too...positive arguments
      12/28/13
    • Robert Edwards: Every up day, no matter how small, keeps decay from happening on NUGT so you buy yourself more time for a big rally. Shortcovering should
      12/28/13
    • Robert Edwards: get us a further rally next week with GDX hopefully hitting 22.25 area (up 5%) pretty quick, which would be 15% in NUGT to $32 area.
      12/28/13
    • Robert Edwards: Above $30, I plan to daytrade some, selling some NUGT on strength and buying back on weakness during daily swings back and forth.
      12/28/13
    • Robert Edwards: I am hopeful we won't have to retest lows again, but if we do, I hope 2 not carry all shares back to lows. If sold out partially above $30
      12/28/13
    • Robert Edwards: I can buy back $24 or lower to greatly lower my breakeven in NUGT from $41 to maybe $35 or even $30.
      12/28/13
    • Robert Edwards: Where we stand now, I am very confident in a $50 NUGT target and very pleased gold is showing strength around $1200 support area.
      12/28/13
    • Robert Edwards: Starting Monday I will get very involved day trading and posting my trades in real time. Hope all had great holidays with family as I did.
      12/28/13
    • davePx: All was good Robert thanks!
      12/28/13
    • gonetouring: Tax loss selling of miners is almost complete. We may see a rally in gold to the next technical levels. The vested interests will certainly
      12/28/13
    • gonetouring: prevent an explosive rally. I'm in NUGT from 31, am hopeful to see that by end of next week and will get out there. January is a nondelivery
      12/28/13
    • gonetouring: month on Comex and theres a recent history of lower prices during NDM's. That game must end soon though as gold for delivery gets ridic. low
      12/28/13
    • bobzic: but also http://bit.ly/1hLLhRk
      12/28/13
    • njtoms: "GDX, a Powder Keg Looking for a Reversal." Go to Stocktwits.com. Type in NUGT. it's from 7Hrs. ago. My Time Now 6:58 PM CST. Will Enjoy!
      12/28/13
    • njtoms: 1.2 Million Long Term JOBLess Americans Lost their Govt. Benefits Today. That is Going to Hurt the U.S. Economy. Big Time. No?
      12/28/13
    • njtoms: Janet Yellen's Federal Reserve Is NOT Going to Taper Quantitative Easing. They will Only Increase It. The U.S. Economy Sucks.
      12/28/13
    • melanielshop: QE needs to end. $10M decrease in Jan.
      12/29/13
    • melanielshop: There are several positive economic indicators so we will see what happens with QE in subsequent months.
      12/29/13
    • melanielshop: If retail numbers come in positive after the holidays that will keep people hopeful for more ecenomic recovery
      12/29/13
    • njtoms: Don't worry Melanie. There NOT Going 2B Positive.
      12/29/13
    • njtoms: Mel-Babee, You Must be Holding DUST. Otherwise, You Should be Rooting for Horrible Econ. Numbers. Dump your NUGT on Yore Econ. Rainbow.
      12/29/13
    • melanielshop: Not holding either through the weekend
      12/29/13
    • njtoms: Melanie did it. GOLD down 12 Bucks to 1201. Just another Manic Monday. Wish it Were Sunday!
      12/30/13
    • njtoms: Well, Big Shout Out to the Sunday Financial Times for the Monday Morning Gutting of the GDX. As if this Bad News Was Not Priced In. ThanxFT.
      12/30/13
    • njtoms: GDX will Open Under 21 after a 21.29 Friday Close. Just another week in the R.E. Office. Nose in the Watery Gutter.
      12/30/13
    • Robert Edwards: GDX made a Friday low of 20.99 and is above that price right now. Could still make a higher low today or only a marginal low below Friday's
      12/30/13
    • shopvac20: RE, gold is having an issue getting motivated this morning, any thoughts ?
      12/30/13
    • Robert Edwards: GDX looking good with some gold weakness. GDX is outperforming big time today! Very impressive!
      12/30/13
    • Robert Edwards: Here is a new article just posted, where I see prices headed in gold for 2014, click http://seekingalpha.com/p/1ic55
      12/30/13
    • ptTL9: are we moving lower this week? http://bit.ly/1eQLrch
      12/30/13
    • Robert Edwards: ptTL9, VantagePoint sees higher gold prices for Tuesday, click http://bit.ly/1d3pAHQ I think we have shortcovering end of year
      12/30/13
    • Growfast: NEM and NUGT charts still showing good bullish view. Like that they are holding strength will Gold lower today, showing expectation of Gold
      12/30/13
    • Growfast: heading up.
      12/30/13
    • Growfast: Would like to see a good bounce off these 1200 levels, but still prepared to place a protective put under NUGT positions in the event we go
      12/30/13
    • Growfast: to 1180 or lower.
      12/30/13
    • Robert Edwards: gold just ran stops under 1200. Thin markets, easy to move price around. GDX no new low yet, but barely holding in for now
      12/30/13
    • Robert Edwards: Buying on weakness 2:38 pm has GLD # 18, NEM # 24, GG # 48, XME # 55, IAG # 59, SLV # 68 & NUGT # 93
      12/30/13
    • Robert Edwards: It only took 100 lot gold orders to smack gold under $1200 but now a 500 contract order hit and knocked to 1196.10 low, GDX made new low
      12/30/13
    • Robert Edwards: gold just made new low, 1195.70 and counting. Maybe that is enough for today and we move back towards 1200 area late
      12/30/13
    • Robert Edwards: 1195.30 low and a small rally, maybe that was it. Will see. Still look for bounce back on Tuesday to close out the year above 1200
      12/30/13
    • Robert Edwards: At 3:04 p.m., just before selloff, GLD moved to # 6, NEM # 19, GG # 44, XME # 49, IAG # 51, SLV # 66, NUGT not on top 100 buying on weakness
      12/30/13
    • Robert Edwards: At 3:17 pm, GDX makes list at #44, GLD #5, NEM #25, GG #72, XME #67, IAG #56, buying on weakness. GDX supported on 1st dip trying to hold
      12/30/13
    • Robert Edwards: Ultimately they got to GDX and moved it to 20.79 low so far. Tried to hold around 20.97 but too much selling ultimately took it down lower
      12/30/13
    • Robert Edwards: Gold stayed above 1200 until 1:30 pm close, falling $11 for day. So I did nothing in my accounts. Then late they pull rug from under me
      12/30/13
    • Robert Edwards: Now it is too late to sell. A 150 and then 600 lot sell order kicked gold to 1193.30 low. Looks like total manipulation. I hold firm.
      12/30/13
    • Robert Edwards: That should be it for day, hopefully. Could still rally gold to 1200 late. Still looking for 1210 or higher in gold on Tuesday closing 2013
      12/30/13
    • Robert Edwards: I have started a new thread. Will start typing there.
      12/30/13
    • njtoms: R.E. , We Know where GDX. Your Play-by-Play Only Makes It Worse.
      12/30/13
    • Robert Edwards: No one is forcing you to read it. I will continue to post. If I was not posting you would say I was running away and hiding. Which is it?
      12/30/13
    • Robert Edwards: New thread is started and I will be posting there on Tuesday.
      12/30/13
    • Lefty6x6: njtoms: dude, seriously.why don't you come with something that at least imitates contributory? RE's 'play by play' is actually quite helpful
      12/31/13
    • Lefty6x6: ....not to mention that he is only reflecting what he is doing, not promoting that his moves are for everyone. get over yourself bra...
      12/31/13
    • Robert Edwards: Thanks lefty, it is Noel, so likely a girl. New thread posting
      12/31/13
    • ricejudicata: RE, thanks for all the write ups! It's a shame there's never an ignore button when you need one. Happy NY everyone.
      12/31/13
    • sszaheer: RE thanks , and it will be very interesting what action is going to take place this afternoon
      12/31/13
    • sszaheer: How about NQ, I did multiple trades last two days
      12/31/13