• Robert Edwards
    Buying dips in $NUGT, $GDX, $GLD, $GDXJ, $GG and also $DGAS, but only quick scalps in $DUST
    2/5/14
    Reply (161)
    • Growfast: Thanks for the new thread, RE. Man, each quarter for the last several quarters, I have done well with call options on GMCR. Today, they
      2/5/14
    • Growfast: struck a deal with Coca Cola and stocked jumped 60%. Unfortunately, this quarter, I hesitated to buy more calls. Missed opportunity there.
      2/5/14
    • rxraider: I'm with you Grow. I've traded GMCR quarterly earning reports a few times. When they announced a deal with Starbucks, I gained 20% one day.
      2/5/14
    • rxraider: Missed out on this deal. Great deal and short squeeze.
      2/5/14
    • zaw77: Grow - did you short still Pandora, tank already in AM after report, I holding puts :)
      2/6/14
    • jai2525: Grow/RE what percentages do you typically set your stops?
      2/6/14
    • Toastypro: NG futures are up today +0.26 to +0.28
      2/6/14
    • Robert Edwards: I don't use predetermined stops jai, too mechanical. I use equity stops if I am down too much in one day. I also trade small so I can add
      2/6/14
    • Robert Edwards: on further weakness, greatly limiting the need for stops. The big boys like to run stops and right when I would normally be getting stopped
      2/6/14
    • Robert Edwards: out, that is the very place I want to add even more shares, as you often get a snap right back up. This is just what works for me.
      2/6/14
    • Robert Edwards: I also scale trade. Buy a little as it falls and don't mind dropping lower as I just pick up more shares at a discount.
      2/6/14
    • Robert Edwards: Bot some DGAZ at 2.95, sold 3.13. Will buy on dips today
      2/6/14
    • Toastypro: CNBC: Physical gold over paper is winning. Demand has shifted to bull side pushing it higher. GDX, NUGT
      2/6/14
    • jai2525: RE yep I have seen that as I have been following your post for sometime. Been seeing where you use call/puts to also cover. Very helpful
      2/6/14
    • ricejudicata: Back in Dgaz at 2.94. Will hold thru inventory report.
      2/6/14
    • Robert Edwards: Dumped my PBR bot in 10.60s and 10.70s yesterday in the premarket at 10.96. They keep popping PBR in premarket for nice profit opportunity
      2/6/14
    • Growfast: Zaw - good move on P sounds like. I was running up against expiration, chose too short a term, and got out at a small loss. Guess I should
      2/6/14
    • Growfast: have stayed with that trade and rolled the puts forward. :-) At the time, wasn't looking like the market was going to relent on bullishness
      2/6/14
    • zaw77: Grow - did you saw TWTR would be better choose, already down over 20 % :)
      2/6/14
    • zaw77: $CLF and $PBR in green, working high, nice - RE did you think we saw already bottom ?
      2/6/14
    • Robert Edwards: Could be bottom in both CLF and PBR but especially good looking CLF. Bot NUGT 35.17 and will add more NUGT on further weakness
      2/6/14
    • gaklaw: RE - are we still in A wave in NUGT?? if so, what do you see as peak b4 we turn down?
      2/6/14
    • Robert Edwards: gaklaw, I would say we are still in the "A" wave of correction as long as 34 holds in NUGT, below 34, then we might slip to the "B" wave
      2/6/14
    • Robert Edwards: For now I am bullish NUGT buying 34 to 36 but selling above 38 until GDX can show it can rally above 24 and stay there
      2/6/14
    • Growfast: If you look at 3 month NUGT chart, we saw 1 month in the base pattern (25-28 range) before we moved up nicely. We are 3 weeks into the base
      2/6/14
    • Growfast: now, in 35-38 range. If pattern is similar, could look for move to new high levels and basing within the next week or 2. We'll see,.
      2/6/14
    • Growfast: Before, we exited the base range on a pretty good gap up on open to over 31 and never looked back.
      2/6/14
    • davePx: If stocks get a bit of a footing today NUGT will take a beating
      2/6/14
    • davePx: DGAZ was good again this morning in pre mkt waiting to see what happens today as temps moderate...tomorrow may be another good chance
      2/6/14
    • Growfast: NG report for last week, 262 was the draw. Below estimate, should drive lower
      2/6/14
    • Growfast: 5.066 and falling it appears
      2/6/14
    • gaklaw: Thanks RE and Grow - much appreciated
      2/6/14
    • vanebfbc: Nice...262 NG draw last week
      2/6/14
    • Growfast: Can you imagine the long NG and UGAZ holders trying to get out fast now!
      2/6/14
    • davePx: Potentially investors may still be not convinced the mkt will come back and will take profits on this bounce...gold will benefit
      2/6/14
    • zaw77: $NG here we are again at 5$, we must broke it, and don't want see here bottoming !
      2/6/14
    • davePx: And yes grow ... It is good to be on the DGAZ side when the weather is good!
      2/6/14
    • Growfast: Interesting. Bulls are trying to move NG to 5.1 but I think are now going to hit resistance there. Someone wants that price back up to exit!
      2/6/14
    • Growfast: dave, you may be right. Today, Gold is not responding to the lower DXY yet either. Odd behaviors in the market right now. This should be
      2/6/14
    • Growfast: opportunity to get more shares or options.
      2/6/14
    • Growfast: Looking at NUGT opportunity at current prices, bot some NUG 2/14 35 calls at 1.75. Now, if we can get that breakout before Valentine's Day!
      2/6/14
    • Growfast: Correction, 36 calls at 1.75.
      2/6/14
    • vanebfbc: One second NG was at 5.37, and next it's below 5...can never get tired of this.
      2/6/14
    • Growfast: Bulls are fighting hard to keep this above 5, but I think it is going to fail today and we should see 4.8; maybe even lower. But may be a
      2/6/14
    • dan1981: Re ! Any target price to enter Dgaz ? Outlook on today's report ?
      2/6/14
    • Growfast: bounce from 4.8 support before further fall
      2/6/14
    • Robert Edwards: I loaded up on NUGT below 35, but just sold half 35.15, so freed up cash and reduced risk to buy more on weakness.
      2/6/14
    • Robert Edwards: sold some more NUGT 35.49.
      2/6/14
    • Robert Edwards: DGAZ should be a buy 3.40 or lower for the remainder of today, IMHO. just buy light to add more on weakness. I bot 3.40 just sold 3.50
      2/6/14
    • Growfast: Boehner has raised the debt ceiling discussion. This just might juice Gold as the discussions heat.
      2/6/14
    • zaw77: sold my $P speculative puts expiring tomorrow with over 100% profit - lucky now :)
      2/6/14
    • Growfast: Nicely played, zaw.
      2/6/14
    • zaw77: thx, it was really critical, I was very nervous on this short $P side last days !
      2/6/14
    • Robert Edwards: Bot NUGT again 34.88 and just sold again 35.48 so flat now. Will watch to buy under 35 again
      2/6/14
    • davePx: I think the market will come off this High and NUGT / gold will benefit through the afternoon
      2/6/14
    • gaklaw: That would be nice Dave. NUGT seems to be performing a little better now, even without much movement in gold. Need bounce in gold now!
      2/6/14
    • gaklaw: Grow, with action today, do you see another opp to get into DGAZ below 3.50? or are we on the way up from here??
      2/6/14
    • Growfast: I think we are on the way up from here. If we do get any good rallys, I would view as a buy opportunity. My core and trading position cost
      2/6/14
    • Growfast: basis is now around 4.8. Looking back, wish I had gone in big time when NG hit 5.7 yesterday, but....still think we are well-positioned.
      2/6/14
    • davePx: I have sold a bunch of DGAZ at 3.85 now await after mkt and pre mkt for lower pricing...should be cold tonight!
      2/6/14
    • Growfast: DGAZ chart getting closer to confirmation on the bull moving toward crossover, but not quite there yet. Any chance to buy DGAZ at 3.0 would
      2/6/14
    • Growfast: be awesome - but, we may not see that again.
      2/6/14
    • zaw77: great to see NG still below 5$ - I bought in pre market core shares back, holding now 4/5.
      2/6/14
    • zaw77: Grow - Do you think also, we should see NG near 4.7$ before next 5$ test occurs ?
      2/6/14
    • zaw77: Perhaps happens tomorrow or overnight
      2/6/14
    • Growfast: Certainly possible, zaw. Keeping in mind what we learned with the turn in Gold RE led us through is this. We will likely find a basing range
      2/6/14
    • Growfast: in NG as we continue to make this turn. Not likely going straight down to 4 (but that would be OK with me :-) ). We need to see if the range
      2/6/14
    • Growfast: turns out to be 4.7 to 5.1, or 4.4 to 5.0 etc. Once we have the range, we need to trade that for about 2 to 3 weeks, then I expect a good
      2/6/14
    • Growfast: move up in DGAZ. That is why I have core and trading shares.
      2/6/14
    • davePx: Sounds good ...ready to load up...D
      2/6/14
    • Growfast: Added some DGAZ at 3.68.
      2/6/14
    • zaw77: thx, Grow - I was to early in $DGAZ, but could avg. down my core shares from ~6.5 to near ~4.5$.
      2/6/14
    • Growfast: Exactly. Both of us should be looking for opportunity to lower our cost basis. Yesterday helped. At minimum, I was thinking as we find the
      2/6/14
    • Growfast: trading range, trading half in each cycle will help to get cost basis in line with basing action. We may not have completely reset at 2.50,
      2/6/14
    • Growfast: but we can reset to what the range will give us.
      2/6/14
    • zaw77: yepp, looking for next chance, holding 4/5 of $DGAZ - so now I want buy 1/5 back NG will trading near 5.1 or sell more if quicly near 4.7
      2/6/14
    • Growfast: If some news or manipulator tries to drive the Storage story again and bulls take the bait, that would be time to buy and reposition. Moves
      2/6/14
    • Growfast: down, take some of the higher cost shares off the table.
      2/6/14
    • gaklaw: What a terrible close for NUGT. Any thoughts as to why? Outlook for tomorrow?
      2/6/14
    • Growfast: No worries, Gak. They can't all be up days. Finish was kind of in line with Gold price momentum finish. We are still sitting at the lower
      2/6/14
    • Growfast: end of the trading range. As RE said earlier, I would be worried if NUGT broke below 34, but until then, we are in range. The Inflation word
      2/6/14
    • Growfast: is now surfacing.... http://on.mktw.net/LUD5mW
      2/6/14
    • gaklaw: Thanks Grow
      2/6/14
    • Robert Edwards: Read comments at Kitco and elsewhere and they are thinking we are more likely to sell off in gold on the employment report as they think low
      2/6/14
    • Robert Edwards: jobs numbers due to weather will be brushed aside and not rally gold, but strong numbers will rally the dollar and hurt gold.Gold is locked
      2/6/14
    • Robert Edwards: into a range and so are the miners here. They like GDX as it approaches 23 or a little under but they don't like it when it hits 24.
      2/6/14
    • Growfast: Thanks, RE. Good to keep an eye on here.
      2/6/14
    • Growfast: Just posted new DGAZ article here: http://seekingalpha.com/p/1ktg5
      2/6/14
    • davePx: Sound right to me Grow, thanks. Another thing to consider is although the demand for NG is growing the cost to produce is going
      2/6/14
    • davePx: Down all the time from the cheep fracking process...replenishment this year should cause less stress on the overall system
      2/6/14
    • davePx: As far as gold goes if the dollar goes against it and we get the mkt coming back at the same time I think gold will loose the battle
      2/6/14
    • Robert Edwards: Posted a new article on gold and miners, click http://seekingalpha.com/p/1ktgp
      2/6/14
    • Growfast: Great article, RE. We really need Gold to beak through 1280, or, we could be looking at a break down of this trading range. If strength
      2/6/14
    • Growfast: tonight would hold into tomorrow, rather than fall off during our market hours, that would show some near term strength.
      2/6/14
    • davePx: Pathetic display by the gold bulls ...
      2/7/14
    • Robert Edwards: Bot some NUGT in the premarket around 35.50 and sold out half 36.39. Gold pop did not hold as stock market came back
      2/7/14
    • Robert Edwards: NUGT hit 37 and if it can close above 37 today then americanbulls.com will be long NUGT again. Very impressive gain in here.
      2/7/14
    • Growfast: RE, the weekly chart for 1y on NUGT looks to me like we are nearing a breakout, and with this strength against the down MACD, I think it may
      2/7/14
    • Growfast: go to the upside.
      2/7/14
    • davePx: Grow, how do you see DGAZ doing today?
      2/7/14
    • davePx: RE gold seems dependent on the US dollar right now, do you see any other factors driving it today
      2/7/14
    • Growfast: NG is about to hit resistance at present at 4.9. I'm thinking the bulls may stall out here and we go back to test 4.7 levels. May take a
      2/7/14
    • Growfast: couple cycles here and get beyond the next couple days of cold to go to test 4.4 support. If we go up from here, 5.0 or higher, I will look
      2/7/14
    • Growfast: for buy opportunity.
      2/7/14
    • Growfast: Gold factors - DXY, any uncertainty/fear from debt ceiling discussions, some inflationary pressure, safe haven from stock market volatility
      2/7/14
    • Growfast: and shift to Gold being more in favor again after being hammered last year. GDXJ is showing good signs of strength today. GDX up. Like RE,
      2/7/14
    • Growfast: really want to see Gold break 1280, GDX 24, GDXJ 28 and NUGT 40. Then we are having some fun.
      2/7/14
    • Robert Edwards: Looks like americanbulls.com getting into DUST was premature and they look to get chopped up again as they are trend following and we are in
      2/7/14
    • Robert Edwards: a trading range market right now, waiting to break up or down, hopefully to upside. Impressive for gold stocks to rally with stock strength
      2/7/14
    • Growfast: RE - MACD is higher calc today than yesterday after the crossover. that appears bullish to me, as it could suggest, especially with gold up,
      2/7/14
    • Growfast: that MACD quickly goes back above the line.
      2/7/14
    • Robert Edwards: Very impressive action in miners today. If NUGT closes above 37 then americanbulls.com will be long again and we will be turned back up
      2/7/14
    • Robert Edwards: NUGT above 37 is bullish. from 34 to 47 is neutral. below 34 is bearish. Looking great right now.
      2/7/14
    • Robert Edwards: bot some dgaz 3.74. Will add on weakness
      2/7/14
    • Growfast: Good catch. Added DGAZ at 3.81
      2/7/14
    • Growfast: Sold a few of GDXJ call options expiring next week at about 30% profit. Still holding 2/3 of that position but wanted to take some profit
      2/7/14
    • Growfast: off the table with the upside today.
      2/7/14
    • davePx: I did the same ...sold approx 10% nugt
      2/7/14
    • Growfast: RE - What are you thinking on EDC today. MACD crossed over to confirm bull, stochastics and RSI good. Volume is a little lower than I would
      2/7/14
    • Growfast: like. You think we will get a pullback for better buy or, might this be a good entry. Tempted to buy in here even though it has moved to 22+
      2/7/14
    • Robert Edwards: 16 see prices up next week in gold, 4 see down, 3 neutral, click http://bit.ly/1d2Ko6K
      2/7/14
    • Robert Edwards: Excellent video saying hedge funds are getting into gold, click http://bit.ly/1d2KICt
      2/7/14
    • davePx: What has bugged me is we get to this point....and NUGT/gold fails to push...getting tired of the disappointment ...will this be different?
      2/7/14
    • davePx: The drama unfolds!
      2/7/14
    • Growfast: We've been range bound for almost a month like the base building. I think we are going to break out one way or the other. My bull bias says
      2/7/14
    • davePx: DGAZ has some nice looking volume going on...may push up.
      2/7/14
    • Growfast: to the upside. My risk management bias says to keep watching for signals that it would be to the downside. Today, more bullish than yesterdy
      2/7/14
    • Growfast: An interesting thing I've been watching on GDXJ. I have calls expiring 2/14 and some expiring 05/17. 05/17 calls are outperforming a good
      2/7/14
    • Growfast: bit, which tells me, options traders are definitely looking for upside break out, just not as much confidence short-term. A breakout should
      2/7/14
    • Growfast: make NUGT, GDX and GDXJ get a good rally on.
      2/7/14
    • Growfast: Here we go with the debit limit politics starting to heat up... http://on.mktw.net/1bDbTCN
      2/7/14
    • Jeremy49: Grow/RE - Is DGAZ a buy here at just over 4.00? Thanks.
      2/7/14
    • Growfast: New HOD on DGAZ....Sweeetttt
      2/7/14
    • davePx: As they say...you are the man!
      2/7/14
    • davePx: Nugt hanging in there ....RE, any thoughts on the close of the day for Gold?
      2/7/14
    • gaklaw: New HOD in NUGT...38 within reach.
      2/7/14
    • gaklaw: A run at 1268 in gold would be very nice right now!
      2/7/14
    • Growfast: 1280. Ignore 1268. We need 1268 to not be an issue at all. Lets run and take this all for breakout. GDXJ >38, GDX > 24, NUGT >40.
      2/7/14
    • Robert Edwards: looks like up up and away in about everything, stocks, gold, miners, dgaz.....
      2/7/14
    • Growfast: What a day! Thank you RE for calling all these in!
      2/7/14
    • Robert Edwards: I don't like to chase emerging markets as I prefer buying dips and scaling in. I still think there may b more work to do before bottoms
      2/7/14
    • Robert Edwards: I am looking for some weakness in EDC to get some at lower prices. one could get small position here but add on weakness
      2/7/14
    • Robert Edwards: EEM is being drug higher & is not the leader. EEM will b the first to show weakness if there is some. still a bit early to go in big IMHO
      2/7/14
    • rxraider: Wow! I got out of meetings and see DGAZ popped up to $4.20! Should have bought more. Will get more on a pullback.
      2/7/14
    • Robert Edwards: EDC might have trouble breaking above 23, and may fall back closer to 21 where it would b a better buy
      2/7/14
    • Growfast: Sold some DGAZ to lower cost basis at 4.1, replacing with shares I bought yesterday and today at 3.68 and 3.81.
      2/7/14
    • Growfast: Figured we would rally from NG 4.74 again, but this time may fail and we may see 4.5 or 4.4 today.
      2/7/14
    • Robert Edwards: first pop out of bottom may not hold and should have to retest bottom and when bottom holds then a good place to buy
      2/7/14
    • Growfast: Cost basis now 4.43. Getting better.
      2/7/14
    • zaw77: guys, could you pls switched to the new thread, thx.
      2/7/14
    • Growfast: zaw - you are always so sunny and cheerful in your disposition.
      2/7/14
    • Robert Edwards: I have a rule that if I get back to breakeven after going thru a rough ordeal, I dump 50% at breakeven automatically freeing up cash 2 rebuy
      2/7/14
    • Growfast: I like that rule. Looking for that opportunity.
      2/7/14
    • Growfast: GDXJ up above 38; GDX hanging just under 24 needs to pull up
      2/7/14
    • Growfast: Sold 2nd tranche of GDXJ options expiring next week for profit of 144%. Still holding remainder for breakout in Gold. And, still holding
      2/7/14
    • Growfast: May calls on GDXJ.
      2/7/14
    • zaw77: Grow - That's all me, doesn't matter if my acoount is red or green, but to be ohnest looks better this week :)
      2/7/14
    • Robert Edwards: we have two threads going today. most on this thread but a few in a later thread
      2/7/14
    • davePx: Was looking for a good run into the weekend...still holding NUGT and DGAZ. Any thought for hold VS dump ?
      2/7/14
    • davePx: Generally warming trend next week may scare NG Bulls by close of business but gold is another story looks good right now .... Monday ???
      2/7/14
    • Growfast: Switch over to new thread.
      2/7/14
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