• Robert Edwards
    Gold & Miners (GDX) Are Still Caught In A Trading Range $GDX, $NUGT, $DUST http://seekingalpha.com/p/1ktgp
    2/6/14
    Reply (331)
    • shopvac20: RE, seems there is a pattern of gold spiking at the same time the past couple of days .. do you know what this is about, and ....
      2/7/14
    • shopvac20: are we going to be able to hold this strength ? would like to see nugt get back to 39 or 40
      2/7/14
    • shopvac20: gold fell just as fast as it raised ...
      2/7/14
    • davePx: Something is totally weird here I monitor TZA which is a bearish russel 2000 etf and it actually is loosing ground on bad news?
      2/7/14
    • davePx: Grow, how far do you think the DGAZ money train will pop this morning...
      2/7/14
    • davePx: Looks like the usual "spin the bad news to good news" ....I'd call this mornings news now neutralized somewhat.
      2/7/14
    • davePx: If gold can still hold on to 1258 number there is a chance of a nice range today
      2/7/14
    • zaw77: How much can emplyment report impact Gold today ?
      2/7/14
    • davePx: Looks like the dollar may have more impact
      2/7/14
    • zaw77: hmm, USD vs JPD in plus, so ...
      2/7/14
    • zaw77: USD vs JPY
      2/7/14
    • zaw77: I am watching $NUGT/$DUST - I am out for a few days...
      2/7/14
    • Jeremy49: Talk to me Grow - sold out a large JNUG position and have some dry powder. What is a good entry price for DGAZ? Buy now or wait for lower?
      2/7/14
    • Robert Edwards: Very impressive for NUGT to be above 37 as americanbulls.com is long again with a 37 or higher close today. Gold metal looking positive
      2/7/14
    • Robert Edwards: I bot NUGT 35.50 area in premarket, sold out half 36.39 area, then sold out rest above 37, trying to get selloff to get long again
      2/7/14
    • Robert Edwards: Bot some DGAZ 3.74, will add on weakness
      2/7/14
    • shopvac20: RE, Good to see gold hanging in there, what are your thoughts going into the London close? are we looking to extend the run ?
      2/7/14
    • shopvac20: still holding core of both NUGT and DGAZ
      2/7/14
    • davePx: We now need the market to find a reason to be nervous ...let gold bump up!
      2/7/14
    • ricejudicata: Picked up some UGAZ at 26.75 to scalp.
      2/7/14
    • Robert Edwards: The 1:30 NY gold close got a short-covering pop, usually slips at that time. Shorts don't want to remain short over the weekend, a good sign
      2/7/14
    • Robert Edwards: I have been typing on two threads today. Some switched to this new thread, some kept using the thread from yesterday.
      2/7/14
    • Robert Edwards: I posted some bullish gold links on the other thread you might want to check out. Things are getting more positive for metals & miners here
      2/7/14
    • davePx: Yes looks like good volume supporting...maybe ETF inflow is taking effect and sentiment is turning.
      2/7/14
    • davePx: Let's see if the 1263 level holds
      2/7/14
    • shopvac20: RE, how do you feel about gold and the miners going into the weekend ?
      2/7/14
    • zaw77: I sold $DGAZ now 3/5 and bought $UGAZ 2/5 - I will try to Play this game
      2/7/14
    • zaw77: &DAGZ for 4.21 sold &UGAZ bought for 25.95
      2/7/14
    • zaw77: It doesn't matter if NG up or down, should see it at 4.75 again.
      2/7/14
    • zaw77: I guess it will be to early to drop below 4.70$ in NG today, we know warm weather is coming, but DGAZ 3rd day in green make me nervous.
      2/7/14
    • davePx: Temperatures in the mid west to moderate this weekend...
      2/7/14
    • davePx: DGAZ getting lots of volume may be further up day
      2/7/14
    • zaw77: probably but I see NG near 4.85 at close.
      2/7/14
    • Robert Edwards: I sold my DGAZ at 4.17 that bot at 3.74, nice run. will look for dip to buy again
      2/7/14
    • Growfast: Bulls took NG from 4.75 to 4.82 but falling down again. We may break that 4.75 today.
      2/7/14
    • zaw77: Grow - I think it will happen on Monday before market open...
      2/7/14
    • Growfast: Dave - saw your message on the other thread, but starting to look like rally into the close. If we get a rally, I will offload a few more
      2/7/14
    • Growfast: positions for profit, but hold some for the breakout in case that continues into next week. That way, if Monday opens lower, can always
      2/7/14
    • Growfast: buy back in.
      2/7/14
    • zaw77: $JNUGT vs $NUGT - trading Gold with $JNUG this week was more profitable
      2/7/14
    • Growfast: Good point, Zaw. I will look at JNUG over the weekend to consider in the mix.
      2/7/14
    • vanebfbc: Will sell all my DGAZ if it get pass HOD of 4.23, otherwise will hold. Can't trade PM or after so prefer to lock profit and buy dips.
      2/7/14
    • shopvac20: Core of dgaz @ breakeven 3.95 , and core nugt .. Plan on holding into the weekend, looking towards warmer weather, highier gold. Thoughts?
      2/7/14
    • Growfast: Sold some NUGT at 38.3. Still holding NUGT/GDX/GDXJ long positions going into next week. Can' believe we didn't break 1270 Gold. GDXJ
      2/7/14
    • Growfast: breakout above 38 looks nice.
      2/7/14
    • davePx: Some serious speculative buying going on at the end on NUGT...holding it for now
      2/7/14
    • zaw77: 10 pm my time - I go offline, my best week this year so far - I wish you all nice Weekend.
      2/7/14
    • davePx: You too Zaw and yes best day in a long time.
      2/7/14
    • John4565121: RE - Would you recommend holding NUGT/DGAZ over the weekend?
      2/7/14
    • davePx: Thanks you both RE and Grow for the direction much appreciated. D.
      2/7/14
    • vanebfbc: So much gained this week! Best luck to all of you, and may the wind of fortune continue to carry us through next week!
      2/7/14
    • davePx: I will be looking for that breakout Monday 3:30 PST
      2/7/14
    • davePx: AM that is
      2/7/14
    • Robert Edwards: everything looks good right now. See what happens Sunday night but looking very positive
      2/7/14
    • Growfast: Great finish to this week. By far the best week I've had in a while. Hope it was for all of you as well. Dave, I'm fully supportive of your
      2/7/14
    • Growfast: call on the breakout. I have to think some over the weekend how I want to play positions going into next week.
      2/7/14
    • jai2525: RE/Grow Thanks! Its been great week. I will continue to follow you the experts. See u next week.
      2/7/14
    • shopvac20: all enjoy the weekend, great to end on a high note on NUGT and DGAZ
      2/7/14
    • davePx: Pre mkt up ...RE are you selling on this pre mkt strength?
      2/10/14
    • shopvac20: Sold 300 of core nugt ... Still holding 500 shares
      2/10/14
    • Robert Edwards: Looks like GDX finally busted thru this morning. Looks great for more follow-thru finally. All dips should be buys. Americanbulls.com is
      2/10/14
    • Growfast: If we break 1280, we could be looking at a quick ride to 1300
      2/10/14
    • Robert Edwards: long NUGT from 36.98 from Friday, as well as long GDX from 23.60s. They should get stopped out of their DUST short today. All systems go
      2/10/14
    • Growfast: Nice to see the gap up in GDX over 24...and climbing
      2/10/14
    • shopvac20: sweeeet morning so far ... liking the action.
      2/10/14
    • shopvac20: Grow any thoughts on DGAZ this morning ?
      2/10/14
    • gaklaw: RE: still have a few DUST had picked up to lock in NUGT gains. time to bail on those???
      2/10/14
    • Robert Edwards: We could get a small setback to dump your DUST but hard to say. Right now, miners going straight up and no way of telling if we get any dip
      2/10/14
    • Robert Edwards: Avi is bearish still. Lots of traders bearish on weakness of last week and now have to cover which is helping us rally.
      2/10/14
    • Robert Edwards: GDX next resistance is 25 and we are 24.67 so might stop rallying in another 30 cents or so and then fall back towards 24 retest.
      2/10/14
    • Robert Edwards: When markets break out, they usually retest the breakout area so GDX should fall back towards 24.20 soon and that is a place to be buying
      2/10/14
    • zaw77: I sold with small lost $DUST and bought back $NUGT in pre-market today
      2/10/14
    • zaw77: I sold $UGAZ with small gain today, and some $DGAZ in pre-market, not sure about the direction at the moment, but holding 2/5 of $DGAZ.
      2/10/14
    • gaklaw: Thanks. Will look for pullback to dump DUST and pick up more NUGT
      2/10/14
    • Robert Edwards: Nat gas is trading below 470 so next real support is 450 and 440 where it should get a bounce maybe. So DGAZ might stop 4.75 to 4.90
      2/10/14
    • zaw77: Sold out $NUGT for 42.95 - waiting we fall to $40 area.
      2/10/14
    • Growfast: Sold some GDXJ options expiring this week I bot at .71; sold at 3.60.
      2/10/14
    • Growfast: Still holding longer-term GDX and GDXJ and NUGT.
      2/10/14
    • davePx: Yes grow I am on the same page but I did sell 10% or so just to free up some cash
      2/10/14
    • gaklaw: Wow - I gave up some $$ by selling part of NUGT on Friday rise. What a day today! Haven't seen 2 really good up days in a row in some time
      2/10/14
    • davePx: The dollar it showing some volatility nod gold will be sensitive to it today
      2/10/14
    • davePx: Grow ...what about DGAZ, based on current weather it looks like it may dip a bit today but the trend is warming....and I think there may be
      2/10/14
    • davePx: A chance of seeing over production = spike in DGAZ
      2/10/14
    • davePx: RE any further thoughts on a trading range for today?
      2/10/14
    • davePx: On NUGT that is?
      2/10/14
    • Growfast: Dave, I do like the fade today in NG and DGAZ working its way up. If my estimates are correct, we will again be under Storage draw estimate
      2/10/14
    • Growfast: this week and that should help push down. I'm looking at 4.4 resistance as RE mentioned in NG as a place for a bounce - a chance to sell
      2/10/14
    • Growfast: trading shares of DGAZ and buy back on the bounce a little lower in DGAZ.
      2/10/14
    • Jeremy49: RE - Could you comment on GDXJ trading range and support/resistance levels as well now that it broke through? Thx for your thoughts on GDX.
      2/10/14
    • shopvac20: Still holding my 2000 shares of DGAZ, looking to hit $5, then sell out and re position (that is my current thinking anyway).
      2/10/14
    • jai2525: Making these moves. Thanks Grow
      2/10/14
    • davePx: The bigger picture question I have is; is this a major leg up that will stick or is this just a bounce and failed bigger leg up?
      2/10/14
    • davePx: In gold, nugt
      2/10/14
    • Robert Edwards: gold is still not above 1280 so hard to say where this ends. Just enjoy the ride for as far as it goes. J has no resistance till 41.92
      2/10/14
    • Robert Edwards: Bot some CLF 20.40s and sold in the high 20.70s. Plan to buy some J if it will dip any today,
      2/10/14
    • Robert Edwards: Looking to buy some J 39.75 area and add more on any additional weakness
      2/10/14
    • Jeremy49: Thx Robert. Hoping your call in DGAZ to 4.75 happens quickly to sell and put funds into JNUG until J gets close to 41.92
      2/10/14
    • jai2525: Jeremy looking to do same. RE very tough not to follow. I tried a few moves with disastrous results
      2/10/14
    • gaklaw: Jeremy - I believe RE is referring to GDXJ, not JNUG
      2/10/14
    • gaklaw: oh - I see what you're saying --nevermind
      2/10/14
    • davePx: Sold some DGAZ 4.6
      2/10/14
    • jai2525: As RE/Grow said NG 4.40 maybe sooner than later
      2/10/14
    • shopvac20: RE, if gold does not climb over 1280, will this concern you for tomorrow or later into the week ?
      2/10/14
    • gaklaw: Out of NUGT at 42.2. Hope I don't miss the ride up looking for a pullback.
      2/10/14
    • Growfast: shop - lets see what RE has to say, but just like past support levels, if support holds at 1268-1270 level, I think we are good. We may find
      2/10/14
    • Growfast: a new trading range in here, say 1270 to 1280 area for a bit, or Gold may make the push. If we fall below 1268, then I would be looking to
      2/10/14
    • Growfast: go back and test 1255 support again. Hoping we fly through 1280, but Gold hasn't really been that bullish. It has moved up off the base
      2/10/14
    • Growfast: incrementally, finds a trading range for about a month, breaks out, finds new trading range.
      2/10/14
    • shopvac20: gotcha, thanks Grow... also on that note, looking at the near term debt ceiling battle, gold might get some love from this as well.
      2/10/14
    • Robert Edwards: As long as 1253 to 1255 area holds in gold, still on go for a break of 1280. Don't know if it happens later today, tomorrow, or whenever
      2/10/14
    • Robert Edwards: If 1280 is broken then we should move to 1296 and 1307 in short order. All dips are a buy in GDX down to 42.20 if it gets that low
      2/10/14
    • Robert Edwards: Bot CLF three more times at 20.62 and sold in high 20.70s.
      2/10/14
    • Robert Edwards: bot some J at 39.86
      2/10/14
    • Jeremy49: RE - I know there is slippage on JNUG but if you believe J is going up why not buy JNUG instead just like we do with NUGT? Should I not?
      2/10/14
    • Robert Edwards: sold half my J @ 40.14, will add on any weakness
      2/10/14
    • Robert Edwards: Bot some PBR in premarket in mid 11.20s but sold out in 11.40s. bot some PBR again 11.27 will add on weakness
      2/10/14
    • Robert Edwards: JNUG is fine. Since we are at elevated prices I prefer GDXJ, but if we would correct some, like drop a dollar in J then I might buy JNUG
      2/10/14
    • Jeremy49: Ok thx RE for clarifying...I bot 500 shares of JNUG at 21.9 when you said J was outperforming GDX and it has done well for me so wasnt sure
      2/10/14
    • Robert Edwards: If gold would break 1280 then I might be more inclined to buy leveraged ETFs. Until then, I want to have staying power in case we correct
      2/10/14
    • Robert Edwards: GDX may stop at 25 but it may stop at 24.80 and we might have had a high today already. Who knows? I do want to buy on any dips, for sure
      2/10/14
    • davePx: RE, what do you think are the main drivers for gold right now?
      2/10/14
    • Robert Edwards: so far it is very impressive miners have held in so well. Hardly any correction from elevated prices. They won't let miners fall any
      2/10/14
    • Robert Edwards: Dave, drivers for gold..I believe strength is mostly momentum and shortcovering. Lower prices rejected so now we test highs. Simple as that
      2/10/14
    • Robert Edwards: I do believe funds are diversifying out of stocks and into gold stocks to hide out. I don't buy the emerging market argument too much
      2/10/14
    • Robert Edwards: If we correct enough in stock market, funds may pull out of gold and move into stocks again. Not now but may happen later.
      2/10/14
    • Robert Edwards: bot some J again 40.01
      2/10/14
    • Robert Edwards: bot clf again 20.57 to 20.60
      2/10/14
    • davePx: DGAZ trading window is narrowing ....any thoughts on where this thing will move?
      2/10/14
    • Robert Edwards: sold half my CLF 20.74
      2/10/14
    • Robert Edwards: One might want to take partial profits, maybe 1/3 at 4.60 in DGAZ. Should get further carry towards 4.80 to 5.00 Tuesday. Not guaranteed
      2/10/14
    • davePx: Thx Robert for the insights
      2/10/14
    • davePx: RE do you see gold closing with strength today or flat?
      2/10/14
    • Jeremy49: Thx RE for the short term call on DGAZ...In at 4.3 out at 4.62 waiting to put into JNUG on a pullback
      2/10/14
    • davePx: Picked up NUGT at 41.95 hope this ends well!
      2/10/14
    • Robert Edwards: bot more J under 40. I see us going nowhere the rest of the day in miners and gold
      2/10/14
    • davePx: Sell off I NUGT not looking good
      2/10/14
    • davePx: Let's see if it turns!
      2/10/14
    • shopvac20: looks like we got some profit taking, I want to see the miners finish with some strength.
      2/10/14
    • davePx: Bears tried hard to take gold down bout heavy buyers came in to save the rally
      2/10/14
    • davePx: After mkt could be an opportunity
      2/10/14
    • Robert Edwards: j is outperforming gdx which is positive. Needs to keep it up.
      2/10/14
    • gaklaw: RE - thanks for your earlier call on picking up J at 39.75. put in order and see that i got filled on that last dip. already in the green
      2/10/14
    • davePx: Sold some NUGT in Amt 42.25
      2/10/14
    • Robert Edwards: Miners broke out today so should show strength in near term and be a buy on dips. Could be fun.
      2/10/14
    • davePx: So far so good ...
      2/10/14
    • Robert Edwards: americanbulls.com took their loss today on DUST for sure, and they have not been hitting it very well during recent trading range.
      2/10/14
    • Robert Edwards: americanbulls.com is long GDX & NUGT from Friday and are making good money on that.
      2/10/14
    • shopvac20: we got the strong finish, great to see... great to see nugt at 42 with gold at 1273, I feel like we need to break the 1280 mark !
      2/10/14
    • davePx: Good article http://bit.ly/1eOL8wz
      2/10/14
    • Growfast: Interesting coverage on Metals and Natural Gas inflows and outflows. Thanks for sharing, Dave.
      2/10/14
    • davePx: http://bit.ly/MGnEyW another article depicting weather ...I like the format
      2/10/14
    • Growfast: Thanks again, Dave. Folks, my latest update on DGAZ. http://seekingalpha.com/p/1l1h1
      2/10/14
    • shopvac20: Thanks Grow, great see that i was thinking similarly to you here... commented on article.
      2/10/14
    • davePx: Good stuff Grow, thank you!
      2/10/14
    • Growfast: You guys see what Gold is doing? 1282 and some change at the moment. Tomorrow could be rather interesting...
      2/10/14
    • davePx: Yes watching...after mkt was active too!
      2/10/14
    • gonetouring: JNUG has been good for me, for example: it was entirely unaffected cf. NUGT by the recent drop in NEM after its earnings. I'm core long NUGT
      2/11/14
    • gonetouring: Smaller position in JNUG
      2/11/14
    • gonetouring: Is it my imagination, but is Gold breaking out above the 1yr declining trendline? We hit 1287 in Asian trade today.Very interesting times!
      2/11/14
    • shopvac20: Been watching since the bump last night ... Heading back up towards 1285.. Could we test 1300 today ?
      2/11/14
    • gonetouring: Yes ....(!) Wow. JNUG up 18% pre-market today, this could be the run up that we've all be waiting for. Ive never seen such a repressed
      2/11/14
    • shopvac20: NUGT up over 44 (+5%) not a bad way to start. Grow, I am seeing NG prices about the same as yesterday though DGAZ his .20 lower, thoughts?
      2/11/14
    • shopvac20: now i see NG running a little, up .09 cents .. see what happens w that today.. go gold go
      2/11/14
    • shopvac20: and as the NYCOMEX opens, gold get hammered ??? anyone know whats causing this ?
      2/11/14
    • rodh7858: Janet Yellens's testimony transcript is out, that might be causing the reversal in gold.
      2/11/14
    • Growfast: Gold is looking good.... shop, on NG, I think it is heading toward the upper end of range and have a premarket order in for some DGAZ shares
      2/11/14
    • Growfast: Just got fill. When we get to the other end of the range, I'll see equal number of DGAZ shares I bought at higher prices to lower basis.
      2/11/14
    • shopvac20: Work to get back to even, then break back into the green... would like to see gold hit back above 1280 again this morning
      2/11/14
    • Robert Edwards: Just like 4.20 was resistance on GDX, we might now have 5.20 as resistance. Gold slipped back under 1280, so we will have to watch closely
      2/11/14
    • Growfast: Guys - It may not repeat itself this time around, but if you look at the JUNG 3 month chart, each time so far it has gapped up to new level,
      2/11/14
    • Growfast: in 5 trading days, it came back to below where it left the gap. If this pattern repeats, I may look at add JNUG. In the meantime, may look
      2/11/14
    • Growfast: for an entry on some JNUG options to play a small position to add to GDX and GDXJ positions.
      2/11/14
    • Growfast: Funny - I just received a price alert that DUST price momentum went below 25.
      2/11/14
    • Growfast: GDXJ also has this same pattern of gapping to new highs and 5 trading days later, being below the price it left to create the gap.
      2/11/14
    • Growfast: Sold GDX and GDXJ positions and will look for a re-entry point.
      2/11/14
    • Robert Edwards: GDX just broke out and no resistance now until 26.93.
      2/11/14
    • Robert Edwards: J is still outperforming a bit. Gold looking solid, all systems go for run to above 1300 in gold and 27 resistance in GDX, 50 plus NUGT
      2/11/14
    • Robert Edwards: I recommend buying all dips for now as well as buying right in here at 25 area in GDX.
      2/11/14
    • zaw77: I sold out NGUT yestarday and JNUGT above 33$ - now in cash, waiting what happens !
      2/11/14
    • zaw77: $JNUG vs $NUGT as mentioned was better performing since last week - I got over 50% gain within a week :)
      2/11/14
    • Robert Edwards: miners leading the metal. gold metal not acting like it really wants to rally but is forced higher by miners.
      2/11/14
    • Robert Edwards: Loaded up on CLF yesterday and now above 21. Earnings on Thursday in CLF should be good according to Jim Cramer.
      2/11/14
    • gaklaw: This feels a little like last fall - NUGT over 44 - all systems go, then crash & burn down to 24. A little nervous here....
      2/11/14
    • Robert Edwards: Gold miners are skanky so may not go straight up but looks like we should go higher than here by 2-3 dollars before we roll over.
      2/11/14
    • gaklaw: Grow - still buying DGAZ at this level??
      2/11/14
    • Robert Edwards: the difference between now and last fall is that NUGT is now coming from lows and moving up, but last fall from highs and coming down
      2/11/14
    • Robert Edwards: We have built a base in gold and miners now that did not exist before. On rock solid footing if we correct now, wasn't there before
      2/11/14
    • Growfast: Gak - I bot some DGAZ this am at 4.25. I think the 4.1 to 4.25 area is a buy now. Rally probably going into the report Thursday, then sell
      2/11/14
    • Growfast: off is my expectation. For the shares I bot this morning, I will offload equivalent # of shares at 4.6 or greater. These are shares I bot
      2/11/14
    • Growfast: higher so will be replacing with lower cost shares to reposition.
      2/11/14
    • Growfast: RE, Yesterday I picked up some CLF options at 21 strike. I studied over the weekend and like the chart following your article. Good so far
      2/11/14
    • Growfast: Past couple of breakouts for JNUG and GDXJ, the 2nd day hit the high. So, I'm with RE on finding a high today. 5th trading day was the
      2/11/14
    • Growfast: low, offering re-entry point. This rocket may blast off, but the chart pattern says we will have a chance to load up before next launch.
      2/11/14
    • Growfast: Hope I don't miss the launch by playing the pattern, but even if I do, I will cheer you guys on!
      2/11/14
    • Growfast: Wow, there it goes! Gold 1290....;
      2/11/14
    • gaklaw: Thanks RE and Grow. I'm also waiting for a re-entry point. I bailed too soon on NUGT this time.
      2/11/14
    • shopvac20: still holding core 500 shares of nugt ( from November ) I have a stop limit set at 44 .. and hoping to walk it up to 50+
      2/11/14
    • Robert Edwards: I am playing J and now have some room to spare so can let it run for awhile. Will watch for resistance at 41.92 old high mark
      2/11/14
    • Robert Edwards: Sold out half my J at 41.65, will see if it has any more gas to go higher or not without a correction.
      2/11/14
    • Robert Edwards: Most likely chart pattern for tomorrow n GDX is either higher opening and hard turn down on profit-taking, or hanging man up opening selloff
      2/11/14
    • Robert Edwards: lower and then rally back with slightly higher close and then Thursday is the down day. Want to take profits on early strength tomorrow
      2/11/14
    • Robert Edwards: Gold and miners have been very tricky recently and hard to play. Very schizophrenic and fake-outs by acting weakness then hard turn up
      2/11/14
    • Robert Edwards: Very hard to hold overnight most days in NUGT. Before this last rally, rewards one to not stay in. This current run is exception to rule
      2/11/14
    • shopvac20: I think there might be some profit taking today ?? can we rally through the rest of the day ?
      2/11/14
    • gaklaw: Agree RE - not expect these 3 big up days in a row. Am starting to collect a little DUST at these low levels for pull back you describe
      2/11/14
    • gaklaw: Can then hopefully use any gains there to get back in to NUGT for next couple dollars up
      2/11/14
    • gaklaw: .....or, the next couple dollars up just happens today - unbelievable NUGT +5 today
      2/11/14
    • ricejudicata: GA: I'm with you here. Going to start accumulating DUST and buy on weakness.
      2/11/14
    • zaw77: I'm back in office, and can't believe, we are above 47$ in $NUGT, unfortunatly without me, I went out to early. RE/Grow time to buy $DUST?
      2/11/14
    • zaw77: I bought some $DUST for 22.45$ to scalp.
      2/11/14
    • shopvac20: I think it might be time to look at dust for short term till we see which way gold is going to move,could still be moving upwards long term
      2/11/14
    • Growfast: Looking to accumulate a little DUST is a good idea; just when to pull the trigger is the question. I would watch for the appearance of Gold
      2/11/14
    • Growfast: pulling back, first, or just nibble very small. If Gold goes to 1350, there appears to be some pretty good resistance there that would
      2/11/14
    • Growfast: likely knock it down if it runs to that level. If we start to fall off from here, or work up to 1300 and fall off from there, may work to
      2/11/14
    • Growfast: have a little DUST position. But, we would then be looking for support to exit DUST and re-enter long positions as I think we are still
      2/11/14
    • Growfast: likely stair stepping up for the time being best I can read this market.
      2/11/14
    • zaw77: RE - thx - I remember the day $NUGT was trading in 25$ area, I did't make the mistake to sell on dip. Here we are today trading above 45 $
      2/11/14
    • Robert Edwards: I was in transit without computer access. Just got back. Sold last half of J @ 41.90
      2/11/14
    • gaklaw: Thanks Grow - looking very short term on DUST, then hopefully reenter NUGT. Picking up more DGAZ at these prices
      2/11/14
    • shopvac20: I held NUGT from 45 to 24 all the way back up to now 47 ... what a ride DGAZ is taking a dive today ...
      2/11/14
    • shopvac20: RE .. I am going to make some shirt .. " I survived the GDX/NUGT Gold Miners wars"
      2/11/14
    • glaserdx: Guys - out with flu-like. watching big moves in GDX et. al. Wow. Yellen imprimatur? Holding GDX since $20.80 and will continue. Best to all.
      2/11/14
    • Robert Edwards: You deserve two shirts Shop. More than anyone you have held tight thru the pops and drops. Been quite a ride. The goal is to stay out of
      2/11/14
    • Robert Edwards: future skirmishes by not letting things get out of hand in the future.
      2/11/14
    • gaklaw: I was with you Shop. last buy was 44.15, worked so hard over last few months to lower average, etc. that when got back to even sold most..
      2/11/14
    • ricejudicata: Lol, Shop.
      2/11/14
    • Robert Edwards: Najarian on CNBC is pumping miners as late Friday volumes on options came in and has continued thru today.
      2/11/14
    • gaklaw: sold rest Monday for slight gain ---now kicking myself --left $20k on table last 2 days by selling out too fast
      2/11/14
    • gaklaw: Who said they would make the T-shirts???
      2/11/14
    • ricejudicata: There's a cold front moving through the South.
      2/11/14
    • Robert Edwards: No one has volunteered on the T-Shirts. Details never worked out. Was a running joke when we were at bottom on NUGT
      2/11/14
    • gaklaw: I remember it like it was yesterday. Lesson learned there.
      2/11/14
    • zaw77: I bought some $DGUZ back, holding now 3/5, watching ...
      2/11/14
    • Robert Edwards: gaklaw, if there r t-shirts you also deserve one. There were many on the way down and a lot less on the way back up. Many could not deal
      2/11/14
    • gaklaw: One good side effect - the stress prevented any holiday weight gain!!
      2/11/14
    • Robert Edwards: I think DGAZ could dip a bit further before bottoming for next run to upside. If 3.90 is taken out on DGAZ, could fall to 3.50 before pops
      2/11/14
    • Robert Edwards: I got out 4.17 if I remember correctly on DGAZ but would like to buy back closer to 3.50 to 3.75 if it drops that low
      2/11/14
    • Robert Edwards: I am in Virginia and we are supposed to get snow tomorrow and might get a pop tomorrow in NG and dip in NGAZ to buy
      2/11/14
    • ricejudicata: Props to RE for calling NUGT at 50, possibly more.
      2/11/14
    • Robert Edwards: NUGT at 50 plus is not that hard of a call if and when the miners bottomed and get a run as they did in past like 2008 and June 2013
      2/11/14
    • Robert Edwards: once bottom is in, 6 or 7 dollar move up is minimum move. Should get eventually to mid 30s at least in GDX. My long-term target is 80-100
      2/11/14
    • Robert Edwards: last three days we have moved a lot and need to consolidate. And I see a correction right now a bit finally
      2/11/14
    • shopvac20: RE... back in mid Dec. we were having some dark days, the bulls stayed standing thanks to your encouragement. it was a brutal ride ...
      2/11/14
    • shopvac20: I had bought in more and more on the way down, so it feels great to be back where we started, and making $$ cause of the avg down good day!
      2/11/14
    • Robert Edwards: Brutal is was. Glad I could be a help. Very frustrating at times even for me as I knew there were people hurting and some would not hold
      2/11/14
    • gaklaw: Definitely Thanks to RE. Congrats shop
      2/11/14
    • shopvac20: I know RE was our FEARLESS leader, Grow, Gaklaw, DavePX were all a part of the gang, I think there was a handful more too??
      2/11/14
    • shopvac20: I really am going to make a shirt, and its going to be awesome --- if you want one, let me know!!
      2/11/14
    • Jeremy49: Shop I want a shirt too - Been here the whole way down in NUGT from 41 to 24 and held cuz RE said no way he would sell at bottom
      2/11/14
    • Jeremy49: Brutal ride requiring much patience...you have been real patient shop for sure as I think you were more buy and hold instead of scalp?
      2/11/14
    • Jeremy49: Without RE I prob sell for a substantial loss in NUGT in the 20s as I am learning the psychology necessary to trade successfully
      2/11/14
    • shopvac20: Your in Jeremy, and Yes, I shoot for more of a buy with a target, sell profits and re position where possible (or avg. down when needed)
      2/11/14
    • jai2525: Jeremy that is what RE is famous for psychology. A must,,, just as to have gas for your car! Thanks RE for your insights!
      2/11/14
    • gaklaw: RE - from close 2/6 to high of today, GDX up near 11%, NUGT over 33%...any idea how much consol we may see thru Thur (your down day)??
      2/11/14
    • Robert Edwards: right now it is hard to say how much consolidation we get. If I get enough info to make a prediction then I will post it
      2/11/14
    • dan1981: Re hello. Wat price to take a long position in Dgaz ?
      2/11/14
    • Robert Edwards: If 3.90 support breaks n DGAZ, which I think will likely happen later today or on Wednesday, then could fall to 3.50. I am waiting for 3.75
      2/11/14
    • jai2525: RE could we see NG above $5 again? After report??
      2/11/14
    • davePx: Midwest is really support to see better temperatures in the next week so this may go positive for DGAZ earlier than expected
      2/11/14
    • Growfast: Just got back from a meeting. Congrats Shop and all who survived the downturn and participated in the thrill of victory on this side. More
      2/11/14
    • Growfast: to come. I like continuing to nibble on DGAZ in here. If I can get more at 3.50, then let the bulls bring it to us!
      2/11/14
    • Growfast: RE - Looks like you can stand tall today. You helped a lot of folks ride through a big downside and make it back to profitability. No one
      2/11/14
    • shopvac20: Grow, what do you see in both the next couple days for gold (miners) as well as next couple weeks ?
      2/11/14
    • Growfast: said it would be easy. It is not easy to be the contrarian in a stampede that is trouncing over you insisting Gold is going to 700. Pays
      2/11/14
    • Growfast: well often to not listen to the big banks who said Gold was dead this year too.
      2/11/14
    • shopvac20: sitting ok with my DGAZ, kicking myself for not taking profits yesterday and re positioning today. but it gets 3.50, will add !
      2/11/14
    • Growfast: On a bull ride in DGAZ, my preference for repositioning is, add shares when they get really cheap, pop off higher priced shares when we go
      2/11/14
    • Growfast: back. Look at it this way. If you buy shares today or tomorrow at 3.50, and Thursday you can pop off some at 4.50, you just improved the
      2/11/14
    • Growfast: position by $1. And, you didn't pop off shares that missed the ride.
      2/11/14
    • davePx: We should be thinking about DUST too! What might be an appropriate strategy?
      2/11/14
    • Growfast: If we follow prior patterns, which we may not, that would suggest Gold could go back to around the 1255 level, and miners would drop to
      2/11/14
    • Growfast: levels at or below where we were before they gapped up. However, based on the stronger move today, my gut says we will go back to test
      2/11/14
    • Growfast: 1268/70 Gold. Questionable whether miners would go down all the way to close the gap, or just consolidate into the gap range.
      2/11/14
    • shopvac20: Just a thought, anyone think DUST might be a good overnight play ??
      2/11/14
    • Robert Edwards: We have enough momentum today in metals and gold that it is likely we get a higher opening so lower DUST prices then to buy and not now
      2/11/14
    • Robert Edwards: One could start nibbling on DUST but would not go crazy quite yet. Gold is a freight train last 3 days and might have one more pop opening
      2/11/14
    • Robert Edwards: I don't know if DGAZ will slip as low as 3.50 but I think again it hits lower in the morning on NG early strength. I am looking for snow
      2/11/14
    • Robert Edwards: here tomorrow so maybe I am talking my weather and not the whole nation. I saw change of momentum higher in NG today and could run a bit
      2/11/14
    • vanebfbc: Got a good scrape on UGAZ and closed, now waits to reenter DGAZ. Natural gas seems to be more predictable intraday than miners these days.
      2/11/14
    • Robert Edwards: when NG goes up, it tends to run farther than u think it will and could happen on this run too so I am just cautious till I see a top.
      2/11/14
    • Toastypro: Unloaded last of my NUGT holdings at 47. It was a good ride from last Fri. Can never tell which is the top. Hope it shoots over 50+
      2/11/14
    • Robert Edwards: NUGT stopped first time at 40 and slipped back several dollars and expect similar action on test of 50. Should stop soon short-term & drop
      2/11/14
    • Robert Edwards: Right now we r $3 still away from 50 in NUGT and we are $10 from $1300 in gold. Resistance is 1296 to 1298 and again at 1308 in gold
      2/11/14
    • Robert Edwards: I agree with Grow on gold numbers he just gave for support. Gold is very back and forth and should soon slip back to test support
      2/11/14
    • Robert Edwards: I would rather try to pick a bottom in DGAZ and nibble there than try to pick a top in aftermarket in miners and buy DUST
      2/11/14
    • Robert Edwards: I think NG could come back 38% or even 50% on this rally. We fell $115 from high so we could come back up more than the $35 pop so far,
      2/11/14
    • shopvac20: Thanks RE. I still see gold heading to 1300+ ... and favor the bullish side. I will stir clear of dust tonight.. and sleep tight. eye on NG
      2/11/14
    • Robert Edwards: .382 times 115 is about 44 so NG could go up $9 more, or it could go up $22.50 more if we get the 50% correction. that would be about
      2/11/14
    • Growfast: Every .1 move in NG today has resulted in about .3 move in DGAZ. If we can get DGAZ at 3 or better, even more fun on the ride the other way
      2/11/14
    • Robert Edwards: 2 and 4.5% pops in NG, or 6 % to 13.5% lower than 3.85 in DGAZ or about 3.62 or 3.33 target lows to buy DGAZ
      2/11/14
    • Robert Edwards: I would say 3.62 and 3.33 would be great places to buy DGAZ if you see those tomorrow.
      2/11/14
    • jai2525: RE in UGAZ after hour. Hold thru report?
      2/11/14
    • Robert Edwards: I would not hold UGAZ thru the report but could and should get a pop in UGAZ in morning to take profits. Would not hold UGAZ longterm
      2/11/14
    • jai2525: RE thanks. Bit like Gaklaw if I leave 20k on the table my wife will strangle me purple
      2/11/14
    • jai2525: RE yep got it! Be safe with old man winter coming thru up there
      2/11/14
    • shopvac20: RE, when will we see an article for gold and the miners ??
      2/11/14
    • Robert Edwards: I will do an article this evening, shop.
      2/11/14
    • gaklaw: jai - that is exactly why my wife does not know anything about this trading account, other than it's existence.
      2/11/14
    • jai2525: gaklaw bingo! "If" she new 20k is on the table then there would be a squabble. Existence is as far as it goes or else I would be broke
      2/11/14
    • vanebfbc: Haha agreed gaklaw and jai. Sometimes a man can make more money and have more fun without his partner knowing about it.
      2/11/14
    • glaserdx: RE- following your advice & will not try to pick a top in aftermarket miners-Dust looks like it could move up tonight but I will hold off
      2/11/14
    • glaserdx: as I am seeing a MACD divergence in DUST to the downside
      2/11/14
    • Growfast: Glaser, the DUST chart definitely is not screaming buy or bull. MACD shows deeper bear, but it you view Slow Stochastics and go back to
      2/11/14
    • Growfast: other times SS has gone below the bottom line, even during the bear trend, there was a tendency to correct for a few days (DUST up).
      2/11/14
    • Growfast: Question is, when does that start? RE could be right that we have higher open tomorrow and better opportunity to buy DUST lower. I can't
      2/11/14
    • Growfast: make a call on that. The action today including finish was pretty strong which can carry over.
      2/11/14
    • davePx: I would be careful in getting back to dust. There is this pent up emotion to drive Gold to 1300 and as long as the dollar does not rally we
      2/11/14
    • davePx: Likely will be buying dips in nugt. Dust will be a nice ride thought if we can catch it right. Gold could just skip the formalities and
      2/11/14
    • davePx: Keep rising.
      2/11/14
    • davePx: So that is why I am hesitant at jump to dust
      2/11/14
    • Growfast: Glaser, I went back to look for precedent from DUST on its bull run on 1 year DUST chart. Look at the areas around Apr 15 and Jun 20th. No
      2/11/14
    • Growfast: idea on fundamentals, news, Gold at the time, but the gaps did have big moves up after the gaps there. But do notice, every time there was a
      2/11/14
    • glaserdx: Thanks Grow and Dave. Grow, I will look at SS and see if I can follow you
      2/11/14
    • Growfast: big gap up, there was always a closure of that gap before the next run up within a week or 2. That is where the DUST play is, but if NUGT
      2/11/14
    • Growfast: does anything like what DUST did on those trends, you don't want to be in DUST riding for the 10 point ride in NUGT unless you can stomach
      2/11/14
    • Growfast: the pain until it comes back to close the gap - assuming this time doesn't turn out to be different.
      2/11/14
    • glaserdx: Grow - I have the 1 yr DUST chart up and see Exactly what u r saying. Thank u. Forewarned is Forearmed.
      2/11/14
    • Growfast: With all that in mind, you could be right that overnight hold will pay off. We'll only know tomorrow :-). Crazy times right now
      2/11/14
    • shopvac20: crazy times indeed !!! loving it... Any concerns of repeating what happened after the fed bounce in sept? up 30% then down down down ?
      2/11/14
    • shopvac20: depending on why gold responded the way it did today because of what yellen was saying, or if there was another catalyst, I still think....
      2/11/14
    • shopvac20: gold is going up med to long term, I just don't know the immediate future... remember we still have the debt ceiling too..
      2/11/14
    • Growfast: Debt ceiling increased. Now, the debt issues aren't resolved, but we got past that. When this run does correct, I think we have to watch to
      2/11/14
    • Growfast: see where we find the support. It "appears" near-term we may beyond some of the fear drivers and now may be back to some inflation coming
      2/11/14
    • Growfast: around, and overall continuing assessment of whether Gold and Miners were just too oversold and still good value even at current levels
      2/11/14
    • davePx: http://on.mktw.net/MJKdmh see artical
      2/11/14
    • davePx: Sorry article....
      2/11/14
    • gaklaw: Agree with article. Looking for pullback to get back into NUGT and hoping to make a little extra on that pullback with DUST
      2/11/14
    • gaklaw: Gold down to 1284....
      2/11/14
    • Robert Edwards: Just published an article and started a new thread, click http://seekingalpha.com/p/1l4pf
      2/11/14
    • davePx: Good article Robert thanks...helps put things into prospective for now
      2/11/14
    • davePx: RE, PBR in taking a downer today ....any thoughts on that as an opportunity
      2/12/14
      From other sites