Seeking Alpha
  • Robert Edwards
    Gold And Miners (GDX) (GDXJ) (NUGT) Should See Short-Term Top On Tuesday, February 18,... $GDX, $NUGT, $DUST
    Feb 15, 5:20 PM
    Reply (353)
    • andalcie: Is that an Island reversal on $IAG Friday on the Daily chart? Also touched 5-year Downtrend line & pulled back a smidge
      Feb 15, 5:30 PM
    • Robert Edwards: That is a shooting star pattern in Japanese Candlesticks, with the long trailing tail on the top and is more bearish than the morning star
      Feb 15, 5:35 PM
    • Robert Edwards: If we sell off on Tuesday then the bearish pattern will be completed. In any case, it portends a top in the short-term. Good observation!
      Feb 15, 5:36 PM
    • andalcie: Thx. So, buy $DUST, Sell $IAG, $GLD, $NUGT? Dojis on NUGT DUST after gap-ups. Thoughts on this approach. Volume up on all = good Volatility?
      Feb 15, 5:57 PM
    • Jeremy49: Thx for the article RE. Have some DUST already, and now more confident to add more.
      Feb 15, 9:23 PM
    • Jeremy49: Can't wait for Tuesday. This is the only thing I've done where I get upset when Friday comes cuz I have to wait for Monday to trade again
      Feb 15, 9:25 PM
    • Chumley97: I am so glad I found you guys. Not only is this wildly interesting, but the risk, volatility and the great returns are all very exciting
      Feb 16, 11:38 AM
    • Chumley97: I am so glad I found you guys. Not only is this wildly interesting, but the risk, volatility and the great returns are all very exciting
      Feb 16, 11:38 AM
    • Robert Edwards: On Friday, NEM was # 60 selling on strength, SLW # 62, and ABX # 79. Distribution happened somewhat on the Friday rally as profit-taking
      Feb 16, 12:27 PM
    • Robert Edwards: set in and GDX could not retake 26.50 later in the day and did close below the opening. NEM was well above $24 but closed well below it and
      Feb 16, 12:27 PM
    • Robert Edwards: only ended up closing up 30 cents for the day. Looks like we are finally hitting some resistance in the individual miners.
      Feb 16, 12:28 PM
    • Growfast: RE - I've been studying the Gold chart a little today. Some of the following are interesting to support what you cam up with. RSI is at 72+
      Feb 16, 5:05 PM
    • Growfast: suggesting a little overbought. This is after coming through a period where RSI has not been seen near these levels for many months. Volume
      Feb 16, 5:06 PM
    • Growfast: is tapering just a little. Price action crossed the 200-day MA at 1309 - a very bullish sign. But, on a 6-month chart, every cross of the 50
      Feb 16, 5:06 PM
    • Growfast: or 200-day MA, was always tested by a reversion before coming back above the MA. Will be an interesting week.
      Feb 16, 5:07 PM
    • gaklaw: Thanks for new article RE. I got into DUST a little early, but 22-24 will be profitable. Thanks for observations Grow. Fun week coming
      Feb 16, 5:20 PM
    • Growfast: Posted a new article on DGAZ here:
      Feb 16, 6:32 PM
    • Growfast: Just looked at the Gold chart for current trading. Wow. It has spiked to 1323. Now that is likely to model out as overbought. Fun ahead
      Feb 16, 6:46 PM
    • Growfast: Asia is also trading NG prices at present over 5.4! If we open near that level or above on Tues, that may be a good buy opportunity. Don't
      Feb 16, 6:50 PM
    • Growfast: see how that can hold up for much longer. Got to come back down to earth.
      Feb 16, 6:50 PM
    • Peter L: Good article! Thanks.
      Feb 16, 8:56 PM
    • dan1981: Nice article grow !
      Feb 17, 10:41 AM
    • shopvac20: Trouble on Middle East and Venezuela. I would think that would act to boost gold.. Also gold got a big bounce w bitcoin crashing last week.
      Feb 17, 12:00 PM
    • Growfast: shop - Coming from where we came from in Gold last year and every time if would move up a few points, it would get slammed down hard for the
      Feb 17, 1:35 PM
    • Growfast: next downtrend, this has been an amazing run in Gold. And, more are getting on the bull bandwagon now that bullish levels have been hit.
      Feb 17, 1:36 PM
    • Growfast: After a few flat days in early Feb, since the 6th, Gold has moved higher from 1260 to 1328 with no indication at all that it will correct.
      Feb 17, 1:36 PM
    • Growfast: Money flow into Gold and related funds has been very strong. Just seems a matter of time before we get the normal healthy correction, before
      Feb 17, 1:37 PM
    • Growfast: Gold can safely move higher without leaving lots of territory for a fall if it continues up without the balancing effects of a correction.
      Feb 17, 1:38 PM
    • Growfast: When that will happen is yet to be seen. Following correction, very much ready for moves to new highs for this year.
      Feb 17, 1:38 PM
    • Growfast: Last time RSI showed overbought as it does now on the chart, we corrected in Gold from 1430 to 1300
      Feb 17, 1:45 PM
    • Growfast: Fundamentals may be more favorable for Gold now - but not so much so that we are not likely to see a decent correction soon.
      Feb 17, 1:46 PM
    • glaserdx: Grow-would u recommend buying NUGT? how about DUST position?
      Feb 17, 2:26 PM
    • shopvac20: Thanks grow, I agree-I think we are due for a correction ( I have DUST for now ) from Friday .. Then looking to continue higher ..
      Feb 17, 2:32 PM
    • Growfast: I think RE's suggestion to pick up some DUST perhaps some level of balancing with NUGT would be good. If we move up a bit more, NUGT would
      Feb 17, 2:32 PM
    • Growfast: gain, but when we correct, exit the NUGT position and ride DUST.
      Feb 17, 2:33 PM
    • glaserdx: gotchya-thanks
      Feb 17, 2:46 PM
    • davePx: Article worth reading good article from RE and Grow thx. After reading the above
      Feb 17, 7:53 PM
    • davePx: Article and others I sense that this has a short window of volatility and the up as institutional investor start in on buying ... Have 10%
      Feb 17, 7:55 PM
    • davePx: Positions in both NUGT and DUST
      Feb 17, 7:55 PM
    • davePx: Long and heavy on DGAZ right now
      Feb 17, 7:56 PM
    • davePx: I intend to scale into whatever direction the gold trail takes and ride the trend
      Feb 17, 7:57 PM
    • davePx: I would say it is a good time to be watching the US dollar and the movement of the market in general for clues
      Feb 17, 8:00 PM
    • Robert Edwards: We got a windfall late last Friday in DGAZ and I sold a good portion of my position on close as we had a 3 day weekend. I got lucky
      Feb 18, 9:24 AM
    • Robert Edwards: Gold went up to 1229 on Monday and opened strong near 1332 in globex Monday night but has fallen back to earth this morning.
      Feb 18, 9:26 AM
    • Robert Edwards: Just bot some DGAZ $3.44 and DUST $19.80, just before the Tuesday 9:30 EST opening of stocks.
      Feb 18, 9:27 AM
    • Robert Edwards: Two best timers for gold in last couple years, are still bearish gold for 2014, despite current rally.
      Feb 18, 9:29 AM
    • Robert Edwards: Either they are right again and gold loses strength, or they are due for a miss since no one is every 100% right (reversion to the mean).
      Feb 18, 9:30 AM
    • Robert Edwards: Miners opened up but filled gap. Miners (GDX) showing resistance in the $26.50 to $26.60 area as expected.
      Feb 18, 9:33 AM
    • shopvac20: Morning! Added DGAZ early this morning at $3.35 ... heavy and long in DGAZ, have a medium position in DUST as well.
      Feb 18, 9:47 AM
    • Robert Edwards: Bot CLF 23.20, sold 23.37, bot against 23.00. Also see that PBR is a bit weak, may pick some up there too.
      Feb 18, 9:55 AM
    • Gettin'Long: What's the breakout target for GDX on the upside where we should bail on DUST if it breaches? Strong push through that 25.60 mark?
      Feb 18, 10:06 AM
    • Robert Edwards: I will not be bailing on DUST, as I have a small position and will just add on weakness down to $16 if necessary. GDX will correct somewhere
      Feb 18, 10:11 AM
    • shopvac20: Gold is showing some strength... its been a stamped, would think we would get a day of consolidation ?
      Feb 18, 10:11 AM
    • Robert Edwards: either 26.50 or 28 or somewhere in between should stop GDX rally and then we get a healthy correction and DUST booms at some point
      Feb 18, 10:11 AM
    • Robert Edwards: 49 was a buy in NUGT this morning. Instead of buying NUGT, for a quick scalp I bot some GDX in the teens (26.16) but sold in the low 40s
      Feb 18, 10:14 AM
    • davePx: Sold nugt at 51.09
      Feb 18, 10:15 AM
    • Robert Edwards: gold is pushing towards 1324 and that is rallying GDX and hurting DUST right now. Will see if we stop somewhere in here on GDX
      Feb 18, 10:16 AM
    • Gettin'Long: Bought DUST Feb28 22 Calls for $1.05, I really think we get a sharp 2 day pullback here. Could easily be 4 baggers
      Feb 18, 10:32 AM
    • Robert Edwards: we did stop going up in GDX but kinda at a stalemate in here. So far I was right that Monday was the high (stock market holiday closure)
      Feb 18, 10:32 AM
    • Gettin'Long: If we get a little help from gold, these miners will sell off...they've had a great run the last 3 weeks
      Feb 18, 11:10 AM
    • davePx: Hope this does not end up a fake out where gold does a sideways move then up again
      Feb 18, 11:26 AM
    • Robert Edwards: Bot more CLF at 22.90, now sold half 23.18. Missed getting in PBR today on the weakness.
      Feb 18, 11:28 AM
    • Robert Edwards: Bot CLF again 22.99, will buy again every dime lower. Bot DUST twice under 20 today, once 20.20, sold out 20.60 to 20.80, scalping is great
      Feb 18, 11:49 AM
    • Gettin'Long: Your taxes must be hell
      Feb 18, 12:06 PM
    • dan1981: Hey RE. Which website do u use for live charts ? I am overseas and use msn money / yahoo which is updated after 15 m.
      Feb 18, 12:08 PM
    • Jeremy49: Haha that you mention it...RE how do you deal with wash sales or taxes? Any accountant you can recommend?
      Feb 18, 12:10 PM
    • Robert Edwards: I trade from 2 minute charts that are live using my Broker, Interactive Brokers. I check out commodities with ten minute delay at
      Feb 18, 12:18 PM
    • Robert Edwards: then click finance, where you get live prices during the day for stocks that are not delayed.
      Feb 18, 12:19 PM
    • Robert Edwards: It is looking like GDX might actually close down today, but if it closes up, will be a bearish inside day up and not very strong
      Feb 18, 12:21 PM
    • Robert Edwards: I see PBR is getting weaker again, maybe I can catch a few shares this time. CLF has been great scalping buying 23 and lower today anyway
      Feb 18, 12:22 PM
    • Robert Edwards: Finally got some PBR 11.34, will add every dime lower if it should fall any more. Just bot DUST again 20.10
      Feb 18, 12:34 PM
    • Robert Edwards: I follow Jason Sen who has a good handle on gold and currencies. He sees $ bottoming and gold topping here
      Feb 18, 12:47 PM
    • Robert Edwards: NEM made selling on strength list today, struggling again at 24. Also, PBR & EEM made buying on weakness list, buying emerging market dip
      Feb 18, 12:58 PM
    • Robert Edwards: This guy is looking for a big selloff while I see nearterm correction. Either way, we should top out shortly
      Feb 18, 1:05 PM
    • Robert Edwards: Elliott Wave Analysis also calling for 1330 top in gold, click
      Feb 18, 1:16 PM
    • Growfast: Not much meat in that article. Nothing to back up statements about Miners financials. Not even a chart showing overbought, but author is
      Feb 18, 1:17 PM
    • Growfast: entitled to his opinion.
      Feb 18, 1:18 PM
    • Jeremy49: That author made me prob gladly take the other side of any of his trades
      Feb 18, 1:21 PM
    • Robert Edwards: I don't see the $1000 gold or $1050 gold price later this year as many are saying from what I am seeing right now. Things could change but.
      Feb 18, 1:28 PM
    • Robert Edwards: Hey gold just hit just above 1324 as it is closing now. GDX not following much to upside yet.
      Feb 18, 1:30 PM
    • dan1981: Tks
      Feb 18, 1:35 PM
    • Robert Edwards: sold my DUST from 20.10, at 20.30, and now bot back 20.02, will keep scalping till we bottom for good.
      Feb 18, 1:35 PM
    • Robert Edwards: Big buyers around 20.00 area in DUST. Tight ranges today for day trading. Still had a great day scalping.
      Feb 18, 1:41 PM
    • shopvac20: pretty calm action today with NUGT/DUST and DGAZ/UGAZ since open anyway no big moves either way, looking for upside in DUST and DGAZ !
      Feb 18, 1:43 PM
    • Jeremy49: Bot some JDST at 17.78...had great success with JNUG so giving this a try. GDXJ is hopefully leading way down for the correction
      Feb 18, 2:07 PM
    • Robert Edwards: That sound reasonable because J should underperform GDX on any downturn so JDST should outperform DUST
      Feb 18, 2:16 PM
    • Robert Edwards: Added more PBR at 11.24 which adds to my 11.34 shares.
      Feb 18, 2:18 PM
    • Lefty6x6: I'm looking to add more to my pile of dust @ 20.00 - is everyone enjoying the teeter totter ride?
      Feb 18, 2:27 PM
    • gaklaw: Couldn't resist adding DGAZ at 3.35...average now 3.76
      Feb 18, 3:00 PM
    • Growfast: Let see what Thursdays report brings. I read a post on a forum that says estimates now are for about a 95 bcf draw. No idea whether that is
      Feb 18, 3:03 PM
    • Growfast: the EIA estimate, but if true, is bound to bring a fall in NG.
      Feb 18, 3:03 PM
    • Growfast: Left - The teetering and tottering is very small....Will be fun once we get a broader range.
      Feb 18, 3:04 PM
    • Lefty6x6: hey grow - howz the weather up there? 76 and sunny here....might even hafta go fishin tomorrow....after the morning pop, of course !
      Feb 18, 3:19 PM
    • Growfast: We've got 79, sunny and a little humid, but nice here. Been getting some tennis and biking in and loving it. Should be a great fishing day
      Feb 18, 3:22 PM
    • Growfast: after earning the daily wage tomorrow. Hope you enjoy!
      Feb 18, 3:22 PM
    • Gettin'Long: Double down on DUST calls?
      Feb 18, 3:48 PM
    • Gettin'Long: I think so. Let's ride
      Feb 18, 3:48 PM
    • Lefty6x6: got more dust @ 20 so I have a decent pile of it now. but then I'm not a strict in and out by the end of the day guy either. I can sit on it
      Feb 18, 3:50 PM
    • Growfast: Weakness beginning to show in Gold and Miners. This may be the start for a good DUST, JDST ride.
      Feb 18, 3:59 PM
    • gaklaw: Added a little more DUST at 19.85 on that last dip...quick returns tomorrow would be nice!
      Feb 18, 4:00 PM
    • Lefty6x6: gaklaw: that's how to do it right there.....
      Feb 18, 4:01 PM
    • Gettin'Long: Sitting on DUST more than a week or two is a bad idea, the decay can accumulate quickly.
      Feb 18, 4:20 PM
    • Jeremy49: RE could you comment on EDC? You thought it would bottom at 17.5-19 but it went a lot higher now at 23. Has it bottomed or more downside?
      Feb 18, 4:43 PM
    • andalcie: Jeremy fwiw, $EDC posted a weak-finish to me. Its a pattern that many times precedes negative news. Again fwiw.
      Feb 18, 4:49 PM
    • Growfast: Guys, I looked at the chart on EDC and it looks like it may turn a bit bearish ahead. I would wait to find the low out of that cycle to get
      Feb 18, 7:30 PM
    • Growfast: in, personally. I like EDC, just not sure this is the right time to enter optimally. March, we have another FOMC meeting coming up to
      Feb 18, 7:31 PM
    • Growfast: review taper decision and I wonder what impact that might have and whether all tapering is already baked in. Seems to be a reaction to each
      Feb 18, 7:31 PM
    • Jeremy49: Thx Grow and andalcie - was just curious. Most of my funds are tied up in DGAZ and DUST/JDST currently but wanted to know more on EDC
      Feb 18, 7:51 PM
    • andalcie: Last point Jeremy, be very careful with Leveraged ETFs, New shares are issued using the reverse-splits. DGAZ at mid-3s is ripe for that now.
      Feb 18, 8:34 PM
    • andalcie: ...pull up 5-Yr chart of $DGAZ. Will see the impact of reverse-splits. It's used to get the per share price back up into double digits.
      Feb 18, 8:36 PM
    • Growfast: Andacie - where are you getting this information on DGAZ?
      Feb 18, 11:14 PM
    • Growfast: I have looked at history on DGAZ and there have been no reverse splits. However, whenever prices get low, reverse splits are possible. They
      Feb 18, 11:15 PM
    • Growfast: make no difference in the value one holds and, in fact, may bring in more investors. A 10% move in a 3.00 unit is only .30 while one in a 20
      Feb 18, 11:16 PM
    • Growfast: unit is $2. Psychologically can be more powerful but the value is the same.
      Feb 18, 11:16 PM
    • Growfast: Looks like RE called the top in gold right on the money.
      Feb 18, 11:17 PM
    • Growfast: It's going to be a DUSTy, JDSTy kind of morning it appears.
      Feb 18, 11:29 PM
    • Jeremy49: Hope so Grow- bot JDST yesterday to go with my DUST. Figured you or RE would warn us if reverse splits in DGAZ were something to worry about
      Feb 19, 12:05 AM
    • dan1981: Grow is Dgaz at bottoming..
      Feb 19, 1:03 AM
    • andalcie: Growfast $DGAZ was ~$50 when launched, now $3.39. R-S works like this..1-for-10 means, holding 1000 shrs before, after holding 10.
      Feb 19, 4:52 AM
    • andalcie: ...At the $3 level, expect DGAZ to see a R-S sooner rather than later. "Attract new buyers after a split?" Yes, the dumb-ones.
      Feb 19, 4:54 AM
    • andalcie: ..Smart-money Short the stock right after the Reverse-split happens. E.g. look at a VXX chart.
      Feb 19, 4:56 AM
    • andalcie: ..Remember w/ETFs wannabe-Traders (that's us) are trading in a "Secondary market". Real shares go to "Authorized participants."
      Feb 19, 4:57 AM
    • andalcie: ..fwiw, here's a Wiki on ETFs: Been-burned, that's how I know...down 90% on $DGAZ and others.
      Feb 19, 5:00 AM
    • andalcie: .."fatman" lives in these Leveraged ETFs for the wannabe-Trader. Be warned!
      Feb 19, 5:00 AM
    • zaw77: NG is trading above $5.7 - it seems this time bulls want to achieve $6
      Feb 19, 5:25 AM
    • andalcie: . fun, new twist to trading which is widespread, asset-backed purchases. List it, buy it and they will come when you offer more "TomSosnoff"
      Feb 19, 5:49 AM
    • Robert Edwards: Gold seems to top out and then keeps coming back. It is like a cat with 9 lives. Still waiting for the selloff to 1300 and lower
      Feb 19, 9:28 AM
    • Robert Edwards: NG is 20 cents stronger in March, than when Feb topped out a month ago. Yet DGAZ is not as low as previously.
      Feb 19, 9:29 AM
    • Jeremy49: RE - What are your thoughts now on DGAZ? Not sure if we have bottomed yet or if could we hit 2.8 again? Thanks.
      Feb 19, 9:31 AM
    • Robert Edwards: Lately EEM and EDC only get one down day before a green bar, so with yesterday's down day we might be able to buy weakness today for scalp
      Feb 19, 9:31 AM
    • Robert Edwards: I bot PBR twice today at 11.00 and sold 11.10 for quick scalp. Will buy other dips today in PBR, and possibly EEM/EDC
      Feb 19, 9:35 AM
    • Robert Edwards: I dumped my CLF yesterday as I did not like the late day weakness and looks like I got lucky as we are quite weak today
      Feb 19, 9:36 AM
    • Lefty6x6: love me some morning pop ! dumped DUST, goin fishin ! later guys
      Feb 19, 9:37 AM
    • Growfast: To me, tomorrow's storage report will tell us a lot about the future for the March and April contracts in NG. NG March is spiking now which
      Feb 19, 9:39 AM
    • Growfast: is not having much effect on DGAZ. As RE had stated before, not sure where the bulls can take this spike on the March contract, but now that
      Feb 19, 9:40 AM
    • glaserdx: added to DGAZ @3.14
      Feb 19, 9:40 AM
    • Robert Edwards: If DUST should trade down to 20 or get below 20 then I will add, otherwise, will carry the core shares already accumulated last few days
      Feb 19, 9:40 AM
    • shopvac20: lefty is awesome ! that funny... still holding dust, but dont know if I should be, would be nice to pop back to 22 range??
      Feb 19, 9:41 AM
    • Growfast: DGAZ is on April contract, all we care about is what NG for April delivery prices look like. A lower than expected withdrawal tomorrow and
      Feb 19, 9:41 AM
    • Growfast: the corner may turn. If we get a chance to buy more shares near our prior low in DGAZ, I will gladly take the opportunity. Hard to choose
      Feb 19, 9:41 AM
    • Growfast: the top but we've got to be close.
      Feb 19, 9:42 AM
    • Robert Edwards: From below $3, we got a nice bounce in DGAZ and should again get a nice bounce off this low, even if we slip below $3 first.
      Feb 19, 9:45 AM
    • Robert Edwards: DGAZ counting night session and premarket, went from 2.43 up to 4.67. That move to 4.67 was a chance to lighten up. I sold out 4.17
      Feb 19, 9:46 AM
    • glaserdx: below $3 I will add to DGAZ
      Feb 19, 9:47 AM
    • Robert Edwards: I am in great shape as I have low ave. price now. Sold out partial on all rallies and bot again on dips and kept position small. Not bot
      Feb 19, 9:47 AM
    • Robert Edwards: yet today as I am seeing if we can challenge 6.00 but plan to buy before day is out.
      Feb 19, 9:48 AM
    • Robert Edwards: just bot some DUST 20.06
      Feb 19, 9:49 AM
    • Jeremy49: 4.67? Goodness I really need to go to IB so I can trade in aftmkt and premkt. Missing opportunities
      Feb 19, 9:49 AM
    • davePx: I think the closer we get to potential warming that the UGAZ bulls will be more hesitant to push the envelope ....bought more DGAZ in PMt
      Feb 19, 9:50 AM
    • vanebfbc: The spread between March and April NG futures is now over $1. Is it more likely March will come down or April go up near expiry?
      Feb 19, 9:50 AM
    • Growfast: What do you think, Vane and why?
      Feb 19, 9:52 AM
    • Robert Edwards: GDX is fighting to get back to unchanged since it gapped down today. So far can't fill the gap but still early
      Feb 19, 9:53 AM
    • davePx: The dollar may pick up some today and we may be able to get some profit out of DUST...long overdue making me nervous
      Feb 19, 9:53 AM
    • Robert Edwards: GDX finally hit unchanged so gap is filled. Will see if we now get a selloff.
      Feb 19, 9:54 AM
    • vanebfbc: My opinion is that they will both be lower next week, but depending on tomorrow's storage report we still may see spikes like last time.
      Feb 19, 9:56 AM
    • vanebfbc: For April gas to trade above $6 will cause demand destruction. Suppliers will be unwilling to purchase from rigs unless it becomes cheaper.
      Feb 19, 9:58 AM
    • vanebfbc: So, the only thing that seem to support current unrealistic price is the record low storage, but this is ultimately unsustainable.
      Feb 19, 9:59 AM
    • Gettin'Long: Does gold sell the Fed news today or what? I think they postpone the next taper.
      Feb 19, 10:00 AM
    • Robert Edwards: 26.44 was high of day in GDX then became 26.46 and hit that a couple dozen times without popping higher. Big battle waging bulls vs. bears
      Feb 19, 10:02 AM
    • Growfast: I'm with you, Vane. A spike is a spike and there is going to be more limited opportunity to drive the fear required to continue spiking
      Feb 19, 10:06 AM
    • Robert Edwards: Bot more DUST on 19.83, will wait for a rally in DUST to dump some maybe.
      Feb 19, 10:06 AM
    • Robert Edwards: I did notice several miners were on the buying on weakness list today but not gdx or nugt thankfully.
      Feb 19, 10:07 AM
    • Growfast: ABX and NEM are up in Miners but AUY down with dividend cut. Another dividend cut may not resonate well with the Miners.
      Feb 19, 10:10 AM
    • Growfast: But, I think Gold will have to lead the charge adjusting downward.
      Feb 19, 10:10 AM
    • Robert Edwards: No way they cancel the taper IMHO. That would be a drastic step and too soon to make that strong of a statement, need more data.
      Feb 19, 10:11 AM
    • Robert Edwards: I think the statement says a bunch of nothing, most likely. Not worried about that at all. Would like to see gold sell off
      Feb 19, 10:12 AM
    • davePx: The trouble I see is potential mkt dip and the declining dollar among with higher demand for gold may overcome the fact we are at a high pt
      Feb 19, 10:15 AM
    • Robert Edwards: sold DUST 20.08 and 20.15 that was bot 20.06 and 19.83 so back to core
      Feb 19, 10:20 AM
    • Robert Edwards: now it will probably keep popping in DUST. Got tired of the weakness of DUST
      Feb 19, 10:20 AM
    • Robert Edwards: gdx still not taken out 26.68 high and seems to have trouble with 26.50 area so maybe we are about to roll over. Way overdue
      Feb 19, 10:22 AM
    • Growfast: I have no idea of the merits but some of the NG futures traders are saying that Goldman Sachs told their clients that NG would get to $6.
      Feb 19, 10:26 AM
    • shopvac20: I am tried of the DUST weakness as well... I am right at my breakeven now, trying to decide next move ... ready for DGAZ to pop as well.
      Feb 19, 10:26 AM
    • Growfast: More are starting to state they think it will get there, then the fall. We'll see...
      Feb 19, 10:26 AM
    • davePx: Really one of those "could go either way" points ...I really expected a no brainier gain in DUST but this is a struggle
      Feb 19, 10:29 AM
    • davePx: DGAZ appears to be reluctant to go below current levels...looking for a dip then up
      Feb 19, 10:32 AM
    • Gettin'Long: You guys are throwing in the towel on DUST, here we go up up and away...haha
      Feb 19, 10:39 AM
    • davePx: Not yet still watching closely ...
      Feb 19, 10:43 AM
    • davePx: Had a little bounce in the dollar may be enough to help the DUST go
      Feb 19, 10:43 AM
    • Robert Edwards: I will keep my core DUST and add down to $16, down to $10, or as low as DUST wants to go as I will daytrade to lower price. Next big move
      Feb 19, 10:45 AM
    • Robert Edwards: will be in DUST vs. NUGT. Just 6 or 7 weeks ago, NUGT could not bottom but it finally did, same will occur with DUST shortly.
      Feb 19, 10:46 AM
    • vanebfbc: I bought a bit of DUST at 20.05 to see if it takes off. Holding only half of what I'd like to have in DGAZ so I can get more if it dips.
      Feb 19, 10:48 AM
    • Robert Edwards: Today is day 3 of a 6 or 7 day consolidation period of GDX topping out. Will take a few more days mostly likely but next week should drop
      Feb 19, 10:49 AM
    • Robert Edwards: Buying on weakness, GDXJ # 25, GG # 31, AEM # 36, GLD # 44, AGQ # 74. NEM fell off the list and PBR is # 57
      Feb 19, 10:55 AM
    • gaklaw: Grow - looks like March NG did hit 6 today, April almost hit 5. Maybe their move up is almost over....
      Feb 19, 10:57 AM
    • vanebfbc: All of the commodity forums (Stocktwits, Yahoo, are filled with trolls and garbage comments. I am so glad to be here with
      Feb 19, 10:57 AM
    • Robert Edwards: March NG is 601 so hit $6. March NG futures stops trading next Wednesday so we might keep rallying till then like the Feb, then fall hard
      Feb 19, 10:57 AM
    • vanebfbc: you guys on SA. This is one of the only places where people are calm and talk about things that really matter.
      Feb 19, 10:59 AM
    • Robert Edwards: April NG is 4.88 so should see a big drop once March is gone which should pop DGAZ big time. That might explain why DGAZ not even weaker
      Feb 19, 10:59 AM
    • Gettin'Long: Comon Rob, you keep moving the goalposts on me. How am I supposed to make any money here?!
      Feb 19, 11:01 AM
    • Robert Edwards: I am confused though how that will work because if they are short April NG already, may not get much of a selloff as we are already down a
      Feb 19, 11:07 AM
    • Robert Edwards: great deal from the $6 area of March NG. April may just go mostly sideways or trade a range of 4.40 to 4.80
      Feb 19, 11:08 AM
    • vanebfbc: Wow March NG at 6.08... this is way beyond the fundamentals.
      Feb 19, 11:08 AM
    • Robert Edwards: Backwardation vs. Contango. We now have backwardation with March and spot much higher than April futures. This favors bulls
      Feb 19, 11:25 AM
    • Robert Edwards: Contango has carry as futures prices going back are higher than the current futures or spot price, this favors shorts as prices drop in time
      Feb 19, 11:25 AM
    • Robert Edwards: With backwardation that may work against the holders of DGAZ as much of the drop in prices has already occurred when switching from March to
      Feb 19, 11:28 AM
    • Robert Edwards: the April contract. I had not checked recently to see how far apart these two months were trading. It is nearly $2.20 which is very large
      Feb 19, 11:29 AM
    • Growfast: Yes, backwardation will be interesting to watch, but Price/NAV will start to change when we see downside. They call the Mar/Apr spread the
      Feb 19, 11:30 AM
    • Growfast: widow maker. I think we are seeing why. Small backwardation in the strip after this one. Good news is, we are not severely affected to the
      Feb 19, 11:30 AM
    • Growfast: downside by the Mar spike, which could have taken us much lower in DGAZ if the roll wasn't there 5th through 9th business days of month to
      Feb 19, 11:31 AM
    • Growfast: get us out of March.
      Feb 19, 11:31 AM
    • Robert Edwards: I forgot about the roll already occurring, so March is not the contract to watch anymore, but April is apparently, correct?
      Feb 19, 11:39 AM
    • Robert Edwards: gold finally back in the teens and GDX not far from LOD. Need GDX to get under 26 and it could really fall quick another .50 to $1
      Feb 19, 11:42 AM
    • vanebfbc: RE that's correct. All NG ETF/ETNs are rolled into April contracts. That's why DGAZ/UGAZ only moved 10% when March NG also moved 10%.
      Feb 19, 11:44 AM
    • Growfast: That is correct, RE, we are into the April contract in NG.
      Feb 19, 11:45 AM
    • gonetouring: Just sold NUGT/JNUG posns from 3weeks ago. Reasonable bet that GDX has topped for a while, RSI, USD index, gold etc.
      Feb 19, 11:46 AM
    • Growfast: When Mar starts to fall down, Apr will pull back and, I think price/NAV ratio will go up as folks will buy momentum in DGAZ. Storage report
      Feb 19, 11:46 AM
    • Growfast: will be a key to this next week.
      Feb 19, 11:46 AM
    • davePx: Market keeps going up like the eveready battery ... !!
      Feb 19, 11:47 AM
    • Growfast: Small move down now in Mar NG and DGAZ moved back up from 3.04 to 3.1.
      Feb 19, 11:48 AM
    • Growfast: If Gold will crack below 1315, we should start to see momentum gain to the downside there. GDX/GDXJ/JNUG/NUGT should all respond further
      Feb 19, 11:49 AM
    • davePx: Putting pressure on gold...
      Feb 19, 11:52 AM
    • glaserdx: R.E. r u still holding core NUGT?
      Feb 19, 11:59 AM
    • Robert Edwards: I am totally out of NUGT & have a core position now in DUST. I will play DUST till we complete a correction in miners and will then switch
      Feb 19, 12:01 PM
    • Robert Edwards: Despite lots of gold on the buying on weakness list, we r very weak right now in GDX. EEM is # 16 so emerging mkt may be a buy in here
      Feb 19, 12:02 PM
    • Robert Edwards: PBR and Brazil ETF is on the buying on weakness list. I am buying dips in PBR and looking for spot to maybe buy EEM/EDC
      Feb 19, 12:03 PM
    • Gettin'Long: No help from gold, these miners are begging for an excuse to correct
      Feb 19, 12:06 PM
    • Growfast: Actually, charts appear that miners are starting to lead downwards. Gold may follow soon. Some may be pinning hopes on no taper but Bullard
      Feb 19, 12:09 PM
    • Growfast: said almost word for word what RE said earlier. "Deviating from taper would be a strong signal". FED is not going to stop yet. Weather is
      Feb 19, 12:10 PM
    • Growfast: being blamed for much of this - same creator of the NG spike we are seeing.
      Feb 19, 12:10 PM
    • Growfast: Being blamed for the weak economic reports that is, on behalf of the cold winter weather we have had across the US. I can just picture the
      Feb 19, 12:12 PM
    • Growfast: E&P companies scrambling to get their production back on line to capitalize on near-term prices after weather took out some production.
      Feb 19, 12:13 PM
    • glaserdx: thanks R.E.
      Feb 19, 12:16 PM
    • shopvac20: Still holding core DUST as well. Good to see some climbing action. NG over 6 & dgaz still over 3.Wow, thinking about adding more, thoughts?
      Feb 19, 12:26 PM
    • Growfast: shop - Depends on your cost basis and purchase price and available cash. I would buy more if we get below $3, but not sure if that is going
      Feb 19, 12:35 PM
    • losingbeta: the NG dgaz tracks is April contracts which are at $4.86 with a recent high set pre-market at $4.969.
      Feb 19, 12:36 PM
    • Growfast: to happen. March contract NG is pulling back now, below 6 at present. Either buy really cheap on dips, or buy early into momentum if we
      Feb 19, 12:36 PM
    • Growfast: start to see a big move down.
      Feb 19, 12:36 PM
    • losingbeta: but NG is looking a little top heavy at the moment. Good get a decent pullback in the short-term
      Feb 19, 12:37 PM
    • Growfast: I'm thinking that if we get a big move down, and good pop in DGAZ, I may unload a good % of my position and look for the bulls to give me
      Feb 19, 12:37 PM
    • Growfast: another spike to buy into. We've got a little more cold in us for February, the NE has been hit hard. Injections will likely start in March
      Feb 19, 12:38 PM
    • losingbeta: Any of you guys looking at coffee, and JO? It's getting a little top heavy too
      Feb 19, 12:38 PM
    • Growfast: Be sure to reposition. I think we will get back to my targets, but in case anything in that thesis doesn't work out, as long as we position
      Feb 19, 12:38 PM
    • Growfast: low, sell portions into strong rallys, I think we are going to be well off given some time. I really am interested in seeing how much bulls
      Feb 19, 12:39 PM
    • Growfast: can milk from cold weather and low storage, and for how long. Once storage reports start coming back that instead of withdrawals, we had 100
      Feb 19, 12:40 PM
    • Growfast: bcf injections, what is that going to do to momentum for us? But, storage injections won't likely be huge until prices come down.
      Feb 19, 12:40 PM
    • shopvac20: Thank you grow.My thought process is pretty similar w yours.Ready for a bounce to unload a little. Might as well make some $ on the bounce
      Feb 19, 12:41 PM
    • Growfast: In Mar 2012, we had injections (rather than withdrawals) of 101 bcf. Mar 2013, 98 bcf.
      Feb 19, 12:43 PM
    • Jeremy49: Grow - Will we get at least back to 4.00 in DGAZ relatively soon you think? Or will that take a few bounces to get back to that level
      Feb 19, 12:55 PM
    • Growfast: We have spiked so much, Jeremy, it is hard for me to imagine we won't get back to 4 rather quickly.
      Feb 19, 12:58 PM
    • Growfast: DGAZ volume 22MM+ so far today...UGAZ 742K.
      Feb 19, 1:04 PM
    • Jeremy49: Ok thx Grow. Drop in NUGT in Oct/Nov we all went through I have learned patience. As long as DGAZ will recover to 4.00+ I can wait
      Feb 19, 1:13 PM
    • Jeremy49: ...just hopefully we stay above 3 in the meantime
      Feb 19, 1:13 PM
    • Jeremy49: or not lol
      Feb 19, 1:20 PM
    • Growfast: Whoever the last buyer of this NG contract is as the bulls drive this higher is going to be holding one big empty bag. RE said this may get
      Feb 19, 1:20 PM
    • Growfast: bid up because they can. Looks like that is exactly what is happening. Almost buy time for more DGAZ but want to see how far they can take
      Feb 19, 1:21 PM
    • Growfast: this rally. Even the bulls are starting to laugh at the insanity.
      Feb 19, 1:21 PM
    • gaklaw: My next scale-in buy level hit - added DGAZ
      Feb 19, 1:23 PM
    • Growfast: Bought a chunk of DGAZ at 2.97. Lets see how much better pricing I can get for next chunk. Run this baby to 10 today please! On paper would
      Feb 19, 1:24 PM
    • Growfast: be ugly, but for buying opportunity would be cool!
      Feb 19, 1:24 PM
    • gaklaw: no pain, no gain Grow
      Feb 19, 1:30 PM
    • Robert Edwards: was able to buy PBR again 11.09 & 11.05, now near highs
      Feb 19, 1:35 PM
    • Jeremy49: If DGAZ really hit 4.67 during aftermkt/premkt that really target was 4.6 to sell and I would have bought back again dirt cheap
      Feb 19, 1:40 PM
    • davePx: Bought DGAZ at 2.91. Maybe that's good ....we will see
      Feb 19, 1:41 PM
    • Jeremy49: Why not go up that high during normal trading hours and then fall back...sigh
      Feb 19, 1:41 PM
    • davePx: This is the dip I was thinking of earlier. Just hope it does not go too deep
      Feb 19, 1:42 PM
    • Gettin'Long: This gold trade sucks
      Feb 19, 1:43 PM
    • losingbeta: DGAZ certainly didn't touch that. April NG contracts did and are now at $4.97. Unless you're directly trading March futures, focus on April
      Feb 19, 1:43 PM
    • davePx: Seeing high volume on DGAZ
      Feb 19, 1:43 PM
    • Growfast: DGAZ hit high of 4.67 on 2/10 during normal trading hours. Maybe even a bit higher after hours.
      Feb 19, 1:45 PM
    • losingbeta: thought he was talking about today
      Feb 19, 1:49 PM
    • Robert Edwards: April NG is a few cents shy of 5.00. Could be a barrier at 5.00, so I bot DGAZ 2.90
      Feb 19, 1:50 PM
    • glaserdx: as did I, $2.90, which is 8% lower than my first tranche of the day
      Feb 19, 1:59 PM
    • Robert Edwards: The shares I buy under $3 in DGAZ should have no problem making money and r better positioned than the $3 plus shares. So there is no
      Feb 19, 2:03 PM
    • losingbeta: I think that's a pretty good entry. I bought some at the same price. It really all comes down to storage report tomorrow.
      Feb 19, 2:03 PM
    • Robert Edwards: incentive not to buy at these giveaway prices. I will trade the low shares till the higher shares r able to be redeemed.
      Feb 19, 2:03 PM
    • Growfast: Got fill on another chunk at 2.89. I like that number. Reminds me of an old friends 65 Mustang with the 289 that would really run!
      Feb 19, 2:06 PM
    • Growfast: Here we go on Gold. Broke below 1315...
      Feb 19, 2:07 PM
    • shopvac20: finally added at 2.88 for DGAZ ... Looks like gold just took a turn south, good to see for DUST, trying to make a HOD
      Feb 19, 2:08 PM
    • Gettin'Long: Will finish in the green, Fed is having second thoughts
      Feb 19, 2:10 PM
    • gaklaw: Maybe 4.97 was top for April NG...
      Feb 19, 2:11 PM
    • losingbeta: I'd be surprised if it was a long-term top. Certainly could be a short-term top
      Feb 19, 2:13 PM
    • Jeremy49: CNBC just mentioned traders say NG at 7.00 not out of the question...goodness i hope not on this wave up...need pullback to reposition first
      Feb 19, 2:22 PM
    • Robert Edwards: GDX just broke below yesterday's low. Needs to get under 26 and close there!
      Feb 19, 2:23 PM
    • Robert Edwards: DUST has not seen 21 for past 3 days but there now
      Feb 19, 2:26 PM
    • gaklaw: Jeremy - if that happened, would likely drop us to around 2.5 in DGAZ. painful, but incredible buying opportunity
      Feb 19, 2:26 PM
    • Robert Edwards: I needed $22.30 to break even in DUST on core shares if I did nothing. But by daytrading but by daytrading, my average is 20.85. I took
      Feb 19, 2:29 PM
    • Robert Edwards: off half my core at 20.90 but will buy them back a bit lower to average down further. Looking like we r toppingshort-term finally n gold
      Feb 19, 2:30 PM
    • Jeremy49: Yeah gak I would have to go tap another tranche of cash and buy at 2.5 for sure
      Feb 19, 2:30 PM
    • gaklaw: Don't think you're going to need it...ready for green pastures ahead
      Feb 19, 2:35 PM
    • Robert Edwards: I was not patient enough early on today in DUST but I think I was persuaded too much by all those gold stocks on the buying on weakness list
      Feb 19, 2:38 PM
    • Robert Edwards: DUST is holding in so well, decided to buy back the shares sold at 20.90, at 20.75 and will hold this core for 23 to 24 hopefully or higher
      Feb 19, 2:42 PM
    • Jeremy49: At least my JDST is popping some...
      Feb 19, 2:42 PM
    • Robert Edwards: I only have half of the DGAZ shares that I want to get, but I will wait to see if I am able to buy on further weakness in morning, or maybe
      Feb 19, 2:45 PM
    • Robert Edwards: I will have to throw them in on the rally. NG is very one way direction up or down. When it turns, could get a rally in DGAZ that lasts 4
      Feb 19, 2:46 PM
    • Robert Edwards: or 5 days in a row. I want to make some $ on this trade as we r at extremes that should be highs of the year when it tops over next 60 days
      Feb 19, 2:47 PM
    • Robert Edwards: NG tops I am talking about. CNBC just mentioned $7 but that is a pipedream. But could get a bit more rally this week
      Feb 19, 2:48 PM
    • Robert Edwards: I was very conservative when we traded from 2.43 to 4.67 and I left a lot on the table. I was careful as it was too early time wise to call
      Feb 19, 2:56 PM
    • Robert Edwards: for an ultimate top. It looks like we are now in the ultimate topping phase in NG and should top out for year over next 60 days. I want
      Feb 19, 2:57 PM
    • Robert Edwards: to catch the bottom and ride DGAZ for a great win. Need to get the timing just right so I will be studying and watching for the turn.
      Feb 19, 2:58 PM
    • Robert Edwards: Today or this week could be bottom in DGAZ but when I say 60 days, that is the worst case scenario. More likely Feb. peak
      Feb 19, 2:59 PM
    • Robert Edwards: in Nat Gas and low in DGAZ. By last week or February or 1st week of March, all bullishness n NG should be priced in and surprises from then
      Feb 19, 3:00 PM
    • Robert Edwards: on are bearish surprises for NG and bullish surprises for DGAZ.
      Feb 19, 3:01 PM
    • losingbeta: until I see a true reversal of NG (lower top, lower low) then it has room to run. Short term it likely corrects a bit. we just set a new hi
      Feb 19, 3:06 PM
    • Growfast: Short-term interrupted tomorrow.
      Feb 19, 3:10 PM
    • Robert Edwards: right on beta, that is why I only have on about half my position as I am waiting for confirmation of a top in NG to go to full position.
      Feb 19, 3:10 PM
    • Robert Edwards: GDX just traded under 26.00. The low of Monday in premarket was 5.95.Would like for us to take that low out next and keep falling. Go DUST!
      Feb 19, 3:15 PM
    • Gettin'Long: Does the mini gold selloff continue tomorrow? GLD is bending but hasn't broken yet
      Feb 19, 3:19 PM
    • glaserdx: sold my GDX shares for 26% gain-- will buyback at lower levels--maybe $20.5-21
      Feb 19, 3:21 PM
    • gaklaw: Nice - DUST up over I hear 10% for the day??
      Feb 19, 3:21 PM
    • Robert Edwards: gold in 1311s, gdx in 25.80s. Looking good.
      Feb 19, 3:29 PM
    • vanebfbc: DUST, wow. It offsets some loss from my DGAZ early today. Too bad didn't catch DGAZ at 2.9 but can't say no to a good bounce.
      Feb 19, 3:32 PM
    • Robert Edwards: we filled the gap from Friday's close to Monday's opening and trading. This is confirmation of the short-term top on Tuesday premarket of
      Feb 19, 3:32 PM
    • Gettin'Long: I feel like trimming but now that we broke the uptrend, I should at least wait for more of the correction to happen right?
      Feb 19, 3:33 PM
    • Robert Edwards: 26.96, yes 26.96 in premarket for GDX Tuesday. During regular session never got above Monday's high, but looking good now!
      Feb 19, 3:33 PM
    • Growfast: Now below 1310. Looks like that suggests we go test support lower. Puts are running nicely.
      Feb 19, 3:34 PM
    • Jeremy49: Lovin the JDST rise too and DUST
      Feb 19, 3:34 PM
    • shopvac20: DUST closing in on 10% I am happy happy happy !! wish i had some JDST to go with it ...
      Feb 19, 3:37 PM
    • Robert Edwards: told you that if we could get under 26, then GDX could fall quickly. Just dropped another 40 cents and counting.
      Feb 19, 3:38 PM
    • gaklaw: Did I say 10%? I meant 15% ---go DUST
      Feb 19, 3:38 PM
    • shopvac20: What is the play from here, are we looking to test 1300 or lower in gold ?? RE are you holding core DUST through close ? into tomorrow ??
      Feb 19, 3:38 PM
    • glaserdx: just sold my hi-cost DUST; holding other bought 20.15
      Feb 19, 3:39 PM
    • Jeremy49: shop RE said 23-24 or higher in DUST so I'm holding until he says differently
      Feb 19, 3:41 PM
    • Jeremy49: Can't wait for DGAZ to pop like this soon
      Feb 19, 3:42 PM
    • Robert Edwards: I have my core and not touching it. Will look for a place to add to DUST, not take away. This is the beginning of down move, not the end
      Feb 19, 3:42 PM
    • Robert Edwards: If GDX retests 26 tomorrow, then I will use the dip in DUST to add. We should get a $40 to $50 selloff from high in gold of 1332. That is
      Feb 19, 3:43 PM
    • Robert Edwards: an April gold target of $1282 to $1292. We are at $1310 so a ways to go before we get a spot to possibly go long again
      Feb 19, 3:44 PM
    • shopvac20: Thanks RE and I am with you Jeremy / RE holding strong, I would love to see DUST at 23 to 24 range...
      Feb 19, 3:46 PM
    • Robert Edwards: The 26.50 to 26.68 area was solid resistance where GDX stopped at. Now it has to find support at lower prices. Next support in GDX is 24.75
      Feb 19, 3:48 PM
    • zaw77: My weekly $NUGT puts strike $50 is performing with over 150% gain now - but I am holding till Friday.
      Feb 19, 3:48 PM
    • Robert Edwards: When GDX hits towards 24.75 would be a good spot to take profits in DUST. That would be towards 24 in DUST
      Feb 19, 3:49 PM
    • nclsamy: Robert Edwards, your call was extremely well timed. Thank you very much for posting!
      Feb 19, 3:49 PM
    • Robert Edwards: 24 to 25 should be your DUST target as minimum now
      Feb 19, 3:49 PM
    • Robert Edwards: I will do an article this evening and post by 7:00 p.m. EST
      Feb 19, 3:50 PM
    • glaserdx: great-looking forward to it
      Feb 19, 3:53 PM
    • shopvac20: Fantastic, thanks RE, look forward to the article :)
      Feb 19, 3:55 PM
    • shopvac20: Great DUST day today everyone --- I am putting in an order for DGAZ to start its uptend tomorrow as well :)
      Feb 19, 4:02 PM
    • vanebfbc: It was an intense day of actions, but tomorrow will definitely be interesting too. Thanks everyone, especially RE and Grow for the inputs!
      Feb 19, 4:03 PM
    • Jeremy49: Now need DGAZ to pop big back to 4+ before correction ends in GDX/NUGT and take profits and put them back into heavy NUGT for next wave up
      Feb 19, 4:04 PM
    • losingbeta: since you guys trade commodities. JO looks like it's ripe for a big downswing. Curious if you see the same thing
      Feb 19, 4:06 PM
    • Growfast: LB - you talking about coffee? Haven't looked at it lately but I have a neighbor in that business if we need some fundamentals input too.
      Feb 19, 4:12 PM
    • Growfast: Will take a look to catch up.
      Feb 19, 4:12 PM
    • Robert Edwards: I have already added in the aftermarket in DUST at 21.60.
      Feb 19, 4:13 PM
    • losingbeta: yeah, coffee. I'm short JO, short NUGT, and long DGAZ heading into tomorrow. Fingers crossed
      Feb 19, 4:28 PM
    • losingbeta: i'm actually probably most confident about the JO short surprisingly enough
      Feb 19, 4:28 PM
    • Growfast: Checked out the charts on JO and CAFE (Coffee ETF's) LB. Wow. Those are some spikes! Have you been trading these? I've got to ask my
      Feb 19, 5:23 PM
    • Growfast: neighbor his views on this spike. The move, store and distribute coffee all over the world and hedge positions periodically.
      Feb 19, 5:23 PM
    • losingbeta: I haven't been trading it, but have been eyeing it for a pull back and my indicators suggest it's overbought. praying for commodity selloff
      Feb 19, 5:45 PM
    • andalcie: That..Island reversal on $IAG Friday on the Daily chart? Here's why, Revenues >10% down. Always a reason for chart behavior. Bearish Harami?
      Feb 19, 6:07 PM
    • Growfast: LB - Sure looks like you are positioned well from the chart - may just have to be patient. Will let you know what I hear from my neighbor.
      Feb 19, 6:33 PM
    • Growfast: New article published on DGAZ here -
      Feb 19, 6:34 PM
    • losingbeta: cool thanks. unfortunately i already jumped the gun a bit and shorted JO at around $32 before it spiked to $34+
      Feb 19, 6:57 PM
    • Robert Edwards: New article and thread, click
      Feb 19, 6:58 PM
    • Growfast: LB - Did you short with an inverse, with puts or short shares of JO? From charts given some time, you should be good on that one
      Feb 19, 7:01 PM
    • losingbeta: I shorted shares of JO
      Feb 19, 7:58 PM
    • Growfast: OK. So time is an element with the carrying costs. Hope to see the correction you are looking for tomorrow or soon!
      Feb 19, 9:11 PM
    • Robert Edwards: I did not anticipate GDX would be as strong as it is, but with all the buying on weakness stocks of yesterday, there is interest in buying
      Feb 20, 10:52 AM
    • Robert Edwards: the dips in miners and so may have to zigzag lower instead of falling all at once. Still believe DUST will be much higher by Monday
      Feb 20, 10:53 AM
    • Robert Edwards: caught some more DUST 20.46 so will sell some DUST shares again on rally above 21
      Feb 20, 10:54 AM
    • Growfast: Just exited a call position on SGEN for nice profit. Had a good move going into and following the earnings report. May look for re-entry if
      Feb 20, 10:55 AM
    • Growfast: we get the pullback I'm looking for there.
      Feb 20, 10:55 AM
    • Growfast: Gold still bumping up against what is now resistance at 1315 (yesterdays support) and lower bound support now at 1309 at the 200 day MA.
      Feb 20, 10:57 AM
    • Growfast: I would think we see strength while the 1309 level holds as support, but watch it break down when we break below 1309.
      Feb 20, 10:57 AM
    • Robert Edwards: some are saying gold will hold 1307 (100 day average I think) thru the weekend when Europe IMF will make an announcement or somethingr
      Feb 20, 11:04 AM