Seeking Alpha
  • Robert Edwards
    Teeter/Totter Continues In $GDX, $GLD, $GDXJ, $NUGT, $DUST, $JNUG, $JDST. Also In $UGAZ & $DGAZ, Watching $CLF, $TSLA, $FEYE, $TWTR, $NFLX
    Jul 27, 7:39 AM
    Reply (555)
    • Robert Edwards: New Gold Article, Click http://seekingalpha.com/p/1ufp9
      Jul 27, 7:40 AM
    • Robert Edwards: New article on the other markets, click http://seekingalpha.com/p/1ug8p
      Jul 27, 1:04 PM
    • Growfast: Should have some good opportunities this week with increased volatility. Thanks for the articles, RE.
      Jul 27, 7:05 PM
    • RCamuti: RE, another great article. I hope we all have success in our trading this week. I personally will be looking to buy JDST tomorrow sometime.
      Jul 27, 9:17 PM
    • rxraider: Thanks Robert. I'm looking to build a position in UGAZ soon.
      Jul 27, 10:15 PM
    • Robert Edwards: Over the weekend Goldman Sachs came out with bearish prediction for Nat Gas, click http://bloom.bg/1rsFRi8
      Jul 28, 8:52 AM
    • Robert Edwards: It caused Nat Gas to open weak Sunday night and make new lows. However, it got bought down there and now is above $3.82 in Sept. On the
      Jul 28, 8:53 AM
    • Robert Edwards: opening Sept Nat Gas hit 3.725 which is a new low for this move, but now reversed up over 10 cents off the bottom. Goldman Sachs wanted to
      Jul 28, 8:54 AM
    • Robert Edwards: run the stops and many a bull took their loss on the new low move. Goldman was buying down there no doubt, and made a killing on the call!
      Jul 28, 8:55 AM
    • Robert Edwards: I am convinced that it was none other than Goldman Sachs who was buying down there that caused the rally in Nat Gas off the lows!
      Jul 28, 8:59 AM
    • Robert Edwards: I held through the nonsense and sold out a few minutes ago at a profit. The article I posted is a reprint and was originally posted last
      Jul 28, 9:00 AM
    • Robert Edwards: nite on Bloomberg to explain why nat gas was so weak. Market manipulation at its finest. I am now more bullish Nat Gas than before. Taking
      Jul 28, 9:02 AM
    • Robert Edwards: out the stops and then rallying is better than not taking out stops and gapping up today. The low for now, should be in Nat Gas
      Jul 28, 9:03 AM
    • Robert Edwards: Sold my Dec Gold on opening Sunday nite and then waited for correction in August to 1303 which I got, but then it fell to 1301.10 and I was
      Jul 28, 9:04 AM
    • Robert Edwards: then bummed out and did not buy anymore gold as it fell too close to 1300 and I did not want it to break support while I slept. Gold held
      Jul 28, 9:04 AM
    • Robert Edwards: in though and rallied back above 1309 in August, right after making the low. It was past midnight and I was asleep. As I type, August is
      Jul 28, 9:07 AM
    • Robert Edwards: back to the 1:30 p.m. EST closing price of unchanged ($1303.30).
      Jul 28, 9:07 AM
    • donnavet4pet: Market manipulation is not fair play. No integrity. Well at least there is an explanation for the unpredictable price movement of Nat Gas.
      Jul 28, 9:12 AM
    • Robert Edwards: On the dip to 1302, got long Dec Gold 1304.50. Looking for some strength this morning and maybe weakness later today. Will have to watch
      Jul 28, 9:18 AM
    • Robert Edwards: Sept Nat Gas just hit 3.857, which is 13.2 cents off the low. Higher Nat Gas close today and Nat Gas could be starting 35 to 40 cent rally.
      Jul 28, 9:29 AM
    • Robert Edwards: I am not in this minute but I should have no problem finding a spot to get in later today. Buying UGAZ here and on weakness would be great
      Jul 28, 9:30 AM
    • Robert Edwards: If I was in DGAZ then I would be unloading and switching to the UGAZ trade.
      Jul 28, 9:31 AM
    • Robert Edwards: They are buying gold on opening of stock market, right on schedule. That is why I got in long Dec Gold, to catch the opening pop.
      Jul 28, 9:32 AM
    • Robert Edwards: Just sold Sept Copper 3.2500, after adding on dip to 3.2265 low during the night.
      Jul 28, 9:35 AM
    • Robert Edwards: Sold my Dec Gold for $1.80 scalp ($180). May buy again on weakness.
      Jul 28, 9:36 AM
    • Robert Edwards: Palladium is up over $6 at $886 which is supporting gold. China up again big. Emerging markets strong in here, also helping gold
      Jul 28, 9:37 AM
    • Robert Edwards: NUGT could have been bought in low 46s and sold in low 47s already today. I like playing NUGT/JNUG from long side for early today anyway
      Jul 28, 9:51 AM
    • Robert Edwards: We should be able to stay above 1300 today in August Gold and if true, then August Gold could work to $1310 and then 1315 or higher today
      Jul 28, 9:52 AM
    • Robert Edwards: The Dow is down 55 right now. May scalp it from the long side on a drop of 95 to 100. Will watch it closely for buy signal
      Jul 28, 9:55 AM
    • RCamuti: RE, i was looking to buy more JDST on weakness today, but so far we haven't really gotten any? Do you think it is safe to buy more now?
      Jul 28, 10:22 AM
    • RCamuti: Or should I let the day progress and see how things develop during the course of the trading day?
      Jul 28, 10:22 AM
    • RCamuti: My overall thought is to be short the miners for the remainder of the week? This economic calendar for the week has me thinking this way.
      Jul 28, 10:25 AM
    • Robert Edwards: As we hold above 1300 RC and above 1303 especially, I believe it prudent to wait to see if gold can rally some today towards resistance 1310
      Jul 28, 10:30 AM
    • Robert Edwards: and higher. I agree with you that as the week continues gold is probably going lower. Just giving gold room to rally early.
      Jul 28, 10:31 AM
    • Robert Edwards: We held in overnight and early today, so likely we hold in today and could get a pop today or early tomorrow to get better prices to buy
      Jul 28, 10:32 AM
    • Robert Edwards: DUST & JDST. So far, not much movement, but gold is a bit bouncy.
      Jul 28, 10:33 AM
    • Robert Edwards: Even Avi, a gold bear, is leaving room to allow gold to rally some, click http://seekingalpha.com/a/1e9xx
      Jul 28, 10:35 AM
    • Robert Edwards: Scalped Sept Copper 3.2400 and out 3.2450, will continue to buy dips in copper. Nat Gas is falling back off highs. Still watching to buy
      Jul 28, 10:42 AM
    • Robert Edwards: I did not think copper would go much below $3.24 but they are saying the FCX agreement with Indonesia allowing for exports is depressing
      Jul 28, 10:43 AM
    • Robert Edwards: copper a bit. I remain bullish copper anyway and copper is very, very bouncy and dips get bought so u can make money going long even when
      Jul 28, 10:44 AM
    • Robert Edwards: copper is dropping. That is the kind of market that I like to play. Two way action is the best, slow drop with lots of pops and drops
      Jul 28, 10:45 AM
    • Growfast: Got fill on TZA puts.
      Jul 28, 10:55 AM
    • Robert Edwards: Bot Sept Nat Gas 3.798
      Jul 28, 11:05 AM
    • Robert Edwards: bot another Sept Nat Gas 3.770 so ave. is 3.784
      Jul 28, 11:12 AM
    • Robert Edwards: missed selling one Nat Gas by one tick, sell order to dump one at 3.787 and stopped at 3.786. Took low contract off at 3.773 but bot low
      Jul 28, 11:26 AM
    • Robert Edwards: contract back at 3.755, lowering my average price. Very Skanky Nat Gas prices in here. So what is new?
      Jul 28, 11:31 AM
    • RCamuti: RE, the soothsayer right again on the gold miners.
      Jul 28, 11:53 AM
    • Robert Edwards: NUGT went from 46 to 47+ again. Will see if it can get any more traction to upside or not. If we hold in, should get a pop today or Tuesday
      Jul 28, 11:58 AM
    • Robert Edwards: Nat Gas is all over the board today and down right now, but I will be surprised if it closes down. Should see a move back to 3.81 maybe
      Jul 28, 12:01 PM
    • Lefty6x6: nat gas is stinky !
      Jul 28, 12:01 PM
    • Robert Edwards: Well, NG makes a new recent low, as I type, now dipping very near the lows of the day. Very skanky action today in NG
      Jul 28, 12:03 PM
    • Robert Edwards: I have done more research on NG and am a bit more bullish. I am seeing less chance that 3.45 is seen as we could bottom at higher price
      Jul 28, 12:20 PM
    • Robert Edwards: sold my 3.755 Nat Gas contract at 3.772 so I now have the high contract at 3.798
      Jul 28, 12:25 PM
    • Robert Edwards: If we dip back under 3.750 then I will add again on weakness, otherwise ride up the high contract in NG. Bot copper again 3.2410 Sept
      Jul 28, 12:26 PM
    • Robert Edwards: Gold dipped again to just under 1303 in August but I did not pull trigger and buy. Not acting that strong so far today.
      Jul 28, 12:29 PM
    • Robert Edwards: YM (E-mini Dow Jones futures) in Sept fell to 16808, just above my 16800 support area, but I did not get in and missed rally so far
      Jul 28, 12:34 PM
    • Robert Edwards: My buy order was 16806 and missed by two ticks and did not move up buy order. Will probably get another chance to buy cheap soon.
      Jul 28, 12:36 PM
    • RCamuti: RE, in your opinion what type of prices should I be looking for in JDST to buy today? Or is there a time of day I should be buying?
      Jul 28, 12:38 PM
    • Robert Edwards: I would not buy JDST above 10 for sure, and keep thinking gold might surge one time to allow for JDST to be bought at 9.50 or 9.30 but so
      Jul 28, 12:41 PM
    • Robert Edwards: far gold is not rallying. Not really selling off either. If I could get 9.50 or 9.30 then I might buy JDST but I want those prices to buy
      Jul 28, 12:42 PM
    • Robert Edwards: I see Nat Gas Sept is at 3.784, my original breakeven before I averaged down more. called for higher close and we might see it now
      Jul 28, 12:44 PM
    • Robert Edwards: NUGT fell back from 47+ to 46.51. I still like NUGT from 46.20 and lower which I expect to sell tomorrow above 47 and maybe 48.50
      Jul 28, 12:49 PM
    • Robert Edwards: In my article I mentioned buying dips and being bullish in gold and miners until August Gold hit 1315 and I am still holding to that premise
      Jul 28, 12:50 PM
    • Robert Edwards: Gold does not have to rally in here, just has to hold to get a rally later. So far, holding very firm at unchanged in 1303 area.
      Jul 28, 12:51 PM
    • Robert Edwards: After falling into the low 3.74s is Sept Nat Gas, glad to see pop back into the 3.78s. That weakness was on high volume, and was retrace-
      Jul 28, 12:52 PM
    • Robert Edwards: ment for day session to cover low prices seen in the night session. Also glad to see the overnight low of 3.725 hold and not get tested.
      Jul 28, 12:53 PM
    • Robert Edwards: Got long Dec Gold at 304.80 on that last dip, and sold 306.40 for $155 scalp after $5 commission. They continue to buy into dips in gold
      Jul 28, 1:08 PM
    • Robert Edwards: I had a buy order in NUGT 46.20 but it stopped at 46.31 so I missed it and bot the gold futures. Will buy again on any weakness
      Jul 28, 1:12 PM
    • rxraider: Placed a buy order for $UGAZ at 13.50 and went to work. It filled while I was in a meeting. Will watch and buy more at some point.
      Jul 28, 1:25 PM
    • rxraider: Today would be a great Lefty's teeter totter trade day for DGAZ/UGAZ.
      Jul 28, 1:26 PM
    • Robert Edwards: Tried to buy more NG 3.755 on that last dip but it stopped at 3.761 and now rallied into 3.77s. Still looking for up close in NG today
      Jul 28, 1:33 PM
    • Robert Edwards: Kicking myself now for missing the Sept YM E-mini Dow by a few ticks. Would be up over $600 now on one contract.
      Jul 28, 1:42 PM
    • Toastypro: Third down for UGAZ at 13.55
      Jul 28, 1:46 PM
    • Robert Edwards: Caught that last NG dip at 3.757 and sold out 3.767 to scalp to average down my high contract. Will again buy on dips under 3.760
      Jul 28, 2:00 PM
    • Robert Edwards: Finally sold Sept Copper 3.2455 bot at 3.2410 for $112.50 less $5 commission for $107.50 scalp in copper. Will buy again on weakness
      Jul 28, 2:03 PM
    • Robert Edwards: NG closes in 25 minutes for the day session (Globex continues to trade) and it is still down nearly 2 cents on the day. Still looking for up
      Jul 28, 2:05 PM
    • Robert Edwards: All said and done, NG closed down about 2 cents. Could not rally as strong as I had hoped, but nice two-way action today anyway.
      Jul 28, 2:32 PM
    • rxraider: Placed another buy order for UGAZ at 13.55, good til Friday.
      Jul 28, 2:47 PM
    • rxraider: $MNKD dropping down to interesting levels if a partnership or similar good news is announced soon for their inhalation insulin.
      Jul 28, 2:49 PM
    • RCamuti: Have a buy order for JDST @ 9.30 for one of my two tranche's remaining to buy.
      Jul 28, 2:53 PM
    • RCamuti: Will hold the rest to see if there is further weakness tomorrow in the A.M.
      Jul 28, 2:54 PM
    • Robert Edwards: MNKD has big support at 6.00 and big resistance 11 & 11.50 and now about at 50% correction of that big range around 8.50. also I see a
      Jul 28, 2:55 PM
    • Robert Edwards: bullish spike every 5 to 5 1/2 weeks, the last being the surge to 11.50 that occurred 4 weeks ago. Would look to see bullish spike next week
      Jul 28, 2:57 PM
    • Robert Edwards: so you might want to buy this week to catch the move. Is there any upcoming news event in about a week that would justify a spike up move?
      Jul 28, 2:58 PM
    • rxraider: MNKD depends on events and announcements at this point. The 11.50 surge was FDA approval, which I sold. Next may be rumors of partnership.
      Jul 28, 3:03 PM
    • Robert Edwards: Looking at the weekly chart we have fallen about as much as needed for this dip and met the minimum of 4 week drop so now should go sideways
      Jul 28, 3:07 PM
    • Robert Edwards: for a few days until the spike up comes in on news. I may play this one. Will do some research as not followed closely recently.
      Jul 28, 3:08 PM
    • Robert Edwards: U are right about the partnership news Raider, click http://bit.ly/UsgJNI
      Jul 28, 3:10 PM
    • Robert Edwards: If they fail to announce anything then stock could slip further so one needs to not go all in and plan on adding more on further weakness.
      Jul 28, 3:11 PM
    • RCamuti: JDST stuck @ 9.50. May have to bump up my price if this continues
      Jul 28, 3:13 PM
    • Robert Edwards: I see a scenario RC where we pop to $1317 in August gold tomorrow which would cause JDST to possibly slip to 9.00 tomorrow. That would be
      Jul 28, 3:16 PM
    • Robert Edwards: about it on the upside in gold for the week, but still a distinct possibility. I see August Gold trying to at least hit 1310 if not higher
      Jul 28, 3:16 PM
    • Robert Edwards: It is a 50/50 coin toss at least, that we do get that surge tomorrow in gold. I am more sure now than Sunday we hit 1315 August gold soon
      Jul 28, 3:19 PM
    • rxraider: RE, agreed, and thanks for the link. Typical crazy spec biotech stock Could drop to $5/share, could rise to $20.
      Jul 28, 3:20 PM
    • Robert Edwards: I could be all wrong, but probably prudent to wait until tomorrow to add to JDST as you could get better prices than what u can today
      Jul 28, 3:20 PM
    • RCamuti: would you not be buying on weakness today then if it hits 9.30 and just wait till tomorrow?
      Jul 28, 3:21 PM
    • Robert Edwards: I am wanting to join you on the short side but I am waiting another day for better prices.
      Jul 28, 3:22 PM
    • RCamuti: just saw your last post.
      Jul 28, 3:22 PM
    • rxraider: JDST below 9.50. Ouch! Makes me want to average down again. But, Fed meeting this week and global tension/geopolitical risk tell me to wait.
      Jul 28, 3:24 PM
    • Robert Edwards: JDST slipped today with gold not moving up much, as the miners are already anticipating the up move in gold and factoring some in. If we
      Jul 28, 3:24 PM
    • Robert Edwards: get the gold pop, JDST could fall more, but then as gold falls back a bit, rally back above 10 very quickly.
      Jul 28, 3:25 PM
    • skysurfer83: Prediction on NG for tomorrow?
      Jul 28, 3:36 PM
    • RCamuti: Decided to keep my tranche of 9.30 for JDST in place for the rest of the day. If it doesnt get filled, I will buy on weakness in the AM.
      Jul 28, 3:46 PM
    • Robert Edwards: Using the Globex night session opening Sunday night, NG formed a Gravestone Candlestick but not a Gravestone Doji. It is bullish as long as
      Jul 28, 3:46 PM
    • Robert Edwards: we confirm with a strong day on Tuesday. I am looking for that strong day happening but NG likes to disappoint. I am still playing for an
      Jul 28, 3:47 PM
    • RCamuti: Thats if we have any. May just get our run up in gold over night and in the premarket. First big economic news of the week @ 9 tomorrow
      Jul 28, 3:47 PM
    • Robert Edwards: up move because 6 down weeks is too much already and I just don't see 7 down weeks at these low prices. I'm buying down to 3.45 if necessary
      Jul 28, 3:48 PM
    • Robert Edwards: NG is getting bouncier with 2-way action and I can survive going long as long as 2-way action happens even if we continue to go lower.
      Jul 28, 3:49 PM
    • Robert Edwards: The shorts who are shorting below 3.80 are making a lot of assumptions that may not come about. Goldman Sachs came out with their bearish
      Jul 28, 3:50 PM
    • Robert Edwards: call over the weekend so that makes me bullish. I suspect they are buying in here and if they are, then I want to be long.
      Jul 28, 3:51 PM
    • RCamuti: Saw JDST dropping very sharply, changed the order to $9 even for JDST
      Jul 28, 3:51 PM
    • Robert Edwards: I am bullish until at least Tuesday (tomorrow) in NG and will reappraise tomorrow. You can only play these one day at a time.
      Jul 28, 3:52 PM
    • skysurfer83: did u buy RC? 9.22 right now?
      Jul 28, 3:54 PM
    • skysurfer83: last 5 min rally... my 9.2 order didnt fill :(
      Jul 28, 4:00 PM
    • RCamuti: Listened to the advice of many and decided to keep the powder dry for one more day.
      Jul 28, 4:02 PM
    • RCamuti: Since I am not a technical analyst, i will listen to the wiser traders who have more experience from time to time.
      Jul 28, 4:03 PM
    • skysurfer83: Took a nice 7.2% return on $GASX tho and wanted to add JDST, greed got me again. Should have place limit at 9.3
      Jul 28, 4:03 PM
    • RCamuti: Could have made a few bucks at the close though had i bought.
      Jul 28, 4:03 PM
    • RCamuti: JDST did go down to 9.17. closed @ 9.62. Big pop at the end. But because of options expiration, the pop might not last in the after hours.
      Jul 28, 4:06 PM
    • skysurfer83: i feel ya RC, but it would had been nice to go from 9.30 to 9.7 in last 5 min of trading day
      Jul 28, 4:06 PM
    • skysurfer83: I got all excited when it went down but my order (only 300 shares) didnt fill
      Jul 28, 4:08 PM
    • Robert Edwards: I got distracted and was trying to short gold and gold did not rally enough to get me short but JDST did fall enough to get bot. For quick
      Jul 28, 4:08 PM
    • skysurfer83: oh well, Im trusting RE and will prob add tomorrow am, maybe close to 9 even...possibly new 52week low under 8.75?
      Jul 28, 4:09 PM
    • Robert Edwards: scalp, that late day trade opportunity in JDST was great. 9.30 and 9.50 were definite buy points today. will see what Tues buy points are
      Jul 28, 4:09 PM
    • donnavet4pet: I had LO for 9.23 for JDST and when I knew it wouldn't hit it, I had to chase it to catch shares at 9.66. I hope that is an okay buy spot.
      Jul 28, 4:35 PM
    • glaserdx: Am waiting on MNKD as management announcement re: partner may be the trigger for R.E.'s spike
      Jul 28, 4:54 PM
    • glaserdx: rxraider - what do you think of GILD at these levels?
      Jul 28, 4:56 PM
    • Robert Edwards: GILD is priced for perfection. I don't buy stocks with PEs of nearly 34 but some do it and do well. Would like it a lot better around $70
      Jul 28, 5:18 PM
    • glaserdx: OK, thanks Robert; I was thinking along the same lines; will put it on the watch list
      Jul 28, 7:07 PM
    • rxraider: I like GILD better than the big pharmas. Great for a buy and hold. But probably not a great trade. The main catalyst is Sovaldi for Hep C.
      Jul 28, 8:42 PM
    • Robert Edwards: I liked GILD a lot below 70 when it was trading down there not long ago. Above 75 is a bit scary. could keep going up if stock market pops
      Jul 28, 9:22 PM
    • Toastypro: I loaded up GILD when it was 60 and thinking about 2nd load even at current price. Three horsemen in biotech, Gild, Biib and Celg. Sovaldi!
      Jul 28, 10:25 PM
    • Robert Edwards: Dec Gold hit $1314.60 overnight, so August must have hit about $1312.20, but both have sold off quite a bit since. Was able to scalp the
      Jul 29, 8:28 AM
    • Robert Edwards: long side of copper a couple times overnight from the low 3.24s and then bought again in the low 3.22s this morning. Still like buying dips
      Jul 29, 8:29 AM
    • Robert Edwards: in copper. Nat Gas held support overnight and is showing early strength today but same was true yesterday and lost it. Needs to hold up.
      Jul 29, 8:31 AM
    • Toastypro: Wonder if anyone has been unwinding holdings due to the "market fear" it may correct severely and major turbulence ahead. Sidelines anyone?
      Jul 29, 8:52 AM
    • glaserdx: Toast- in my IRA have increased cash; trading account seprate
      Jul 29, 9:12 AM
    • Toastypro: I've been raising cash from 90/10 equity/cash to 60/40 recently. Not full out yet but the sign is there with triple top in major indices
      Jul 29, 9:19 AM
    • glaserdx: JDST down 3% premarket to ~ $9.30
      Jul 29, 9:19 AM
    • Robert Edwards: we lately have been getting a pop in gold right when the stock market opens so I just bot Dec Gold @ 1309.70
      Jul 29, 9:29 AM
    • Robert Edwards: Got caught n the downdraft as gold wanted to come back to unchanged & then momentum carried to few ticks below yesterday's low to run stops
      Jul 29, 9:46 AM
    • Robert Edwards: Now need to watch and see if Aug Gold can hold above $1300. $1300 is pivot price of great importance.
      Jul 29, 9:48 AM
    • skysurfer83: broke through the 1300
      Jul 29, 10:13 AM
    • skysurfer83: Oct and dec Gold still holding above that 1300 mark. RE as dec i still pretty far out, how much impact does AUG/SEP gold has on it?
      Jul 29, 10:22 AM
    • RCamuti: RE, I missed my buying opportunity in JDST yesterday afternoon and this morning. Thought it might hit $9. where should we be looking to get
      Jul 29, 10:33 AM
    • RCamuti: in today? Or has that ship sailed?
      Jul 29, 10:33 AM
    • Growfast: Sold out of TZA short puts for 26% profit.
      Jul 29, 10:35 AM
    • Robert Edwards: Gold continues to make life difficult! I bought gold on the opening for a quick scalp, and now we are trading $9 to $10 lower which is
      Jul 29, 10:55 AM
    • Robert Edwards: $900 to $1000 on a full gold contract. Well, fortunately nat gas and copper have bounced several times today and I bot on weakness & sold
      Jul 29, 10:56 AM
    • Robert Edwards: strength so I have made more than $1000 on those trades so far today, so I am still up overall for the day. Still not happy for getting
      Jul 29, 10:56 AM
    • Robert Edwards: caught long in gold when I was looking for a top. It is an example of how prognosticating is sometimes easier than actually trading. Anyway
      Jul 29, 10:57 AM
    • RCamuti: Bought JDST @ 9.90. Current avg. price is now 12.22
      Jul 29, 10:58 AM
    • Robert Edwards: When we sold off down bellow's yesterday's low, I used the rally back to $1305.70 to get out, which means that I took just over a $400 loss.
      Jul 29, 10:58 AM
    • Robert Edwards: I then bot on the next dip at 1301, sold 1302, bot again 1300.50, sold 1301.50, so I am now down less than $200 since I took quick action
      Jul 29, 11:00 AM
    • Robert Edwards: and sold on a small corrective rally when I saw that I was wrong, and I bot back a couple times lower to scalp a few bucks. I am now trying
      Jul 29, 11:01 AM
    • Robert Edwards: to figure out if we are going to bottom down here somewhere or if we will continue lower. I still don't have that definitive answer.
      Jul 29, 11:02 AM
    • RCamuti: I have enough powder for one more tranche if there is any further weakness. I am of the view that gold will begin a move lower in the coming
      Jul 29, 11:04 AM
    • Robert Edwards: Since I was looking for a top in gold, should have only been scalping from short side. I was trying to be too cute going long & got burned.
      Jul 29, 11:04 AM
    • RCamuti: days. This is based largely on speculation of an improved GDP Report, Employment Improvement & FOMC announcement.
      Jul 29, 11:06 AM
    • Robert Edwards: By the way, if CLF holders did not take profits on move to 16.96, you might want to look to sell out somewhere as we failed to move above 17
      Jul 29, 11:09 AM
    • Robert Edwards: Should be able to buy CLF again at lower prices, between 15 & 16
      Jul 29, 11:10 AM
    • Robert Edwards: I am trying to calculate the probability that we see 1310 again in Dec Gold before we roll over. Early analysis is coming in at about 60%
      Jul 29, 11:12 AM
    • Robert Edwards: I want to go short gold but would like to do it between $1317.50 to $1327.50 in Dec Gold.
      Jul 29, 11:12 AM
    • RCamuti: Do you think its a 60% chance that we will see it during today's trading day? Or during the after hours and pre-market tomorrow?
      Jul 29, 11:14 AM
    • Robert Edwards: I am assuming we won't likely see 1310 in Dec. Gold again today. I am trying to calculate the high of tomorrow's daily bar, RC
      Jul 29, 11:21 AM
    • Robert Edwards: Today is an outside day (higher high and higher low than yesterday) which means tomorrow will more likely b an inside day, except for the
      Jul 29, 11:23 AM
    • Robert Edwards: fact the FOMC meeting statement could move gold big up or down. Could still show early strength before announcement, but FOMC makes harder
      Jul 29, 11:24 AM
    • Robert Edwards: to predict. Normally if we fall going into the FOMC statement, we more likely rally afterward, and visa versa. I'm biased negative reaction
      Jul 29, 11:26 AM
    • RCamuti: I feel the same way as you RE. If GDP and ADP report tomorrow are strong, i foresee a strong sell-off in gold/gold miners.
      Jul 29, 11:28 AM
    • RCamuti: FOMC in my opinion will the status quo. The only real game changer is if the announcement refers at all to rate hikes & inflation.
      Jul 29, 11:30 AM
    • Lefty6x6: looking to unload yesterdays JDST (9.50) @ 10.25 or better.
      Jul 29, 11:36 AM
    • Robert Edwards: I am much more bullish if Dec Gold closes above $1305 today, much more bearish if we close below $1300.
      Jul 29, 11:40 AM
    • donnavet4pet: Lefty.....My yesterday's JDST @ 9.66 would be good to go, too.
      Jul 29, 11:41 AM
    • RCamuti: RE, are you in agreement that gold support levels are now @ 1296, 1292, 1287, 1280, 1278, & 1244? Or are you seeing different levels?
      Jul 29, 12:08 PM
    • rxraider: I like the action in gold and nat gas so far today. Fed announcement looms and will move gold... Picked up some more UGAZ at 13.50.
      Jul 29, 12:12 PM
    • Lefty6x6: thinking I might join raider in UGAZ here around 13.50
      Jul 29, 12:19 PM
    • rxraider: A buddy walked in my office last week. I was buying some $ARIA for a small cap spec trade. He asked what he should buy as a dividend stock,
      Jul 29, 12:25 PM
    • rxraider: and said he was looking at $T. I said check out $WIN, which was 10 at the time, for a 10% divy. WIN hit 14 in premarket today. Lucky call.
      Jul 29, 12:26 PM
    • skysurfer83: thinking the same, my $5 DGAZ order didnt sell re positioned at 4.98 and will switch to UGAZ at that point.
      Jul 29, 12:26 PM
    • Lefty6x6: decided to sell @ 10.10 to reload. a gain is a gain....
      Jul 29, 12:33 PM
    • donnavet4pet: CLF had great shareholder support news and just pierced through $17.00
      Jul 29, 12:34 PM
    • Robert Edwards: Nat Gas has closed down 7 of last 8 days, and right now is in the minus, so if it closes down today will be 8 of 9 down closes. That is
      Jul 29, 12:36 PM
    • Robert Edwards: very extreme! At some point the bears take profits and Nat Gas pops up big on short-covering. Just added more Nat Gas furtures
      Jul 29, 12:36 PM
    • Robert Edwards: I see CLF finally busted thru 17 and is surging! Do tell! That is an example of an oversold stock popping on short-covering!
      Jul 29, 12:38 PM
    • Robert Edwards: I recommended selling CLF this morning when it stopped rallying at 16.96. Well, above 17 it is a buy again on the breakout!
      Jul 29, 12:41 PM
    • skysurfer83: JDST is not moving that much in comparison to aug gold been down to 1297
      Jul 29, 12:43 PM
    • Robert Edwards: It seems that sentiment is slowly getting more bullish towards gold and miners, maybe because seasonal bottom is coming up. It is making it
      Jul 29, 12:46 PM
    • Robert Edwards: hard for JDST to rally much. I prefer DUST over JDST because if we rally, small miners will rally the most and JDST will drop the most.
      Jul 29, 12:47 PM
    • Robert Edwards: On the other hand, JDST is the cheapest and moves biggest %. JDST is good for overnight or daily trades, not long-term hold
      Jul 29, 12:48 PM
    • Robert Edwards: Lefty played it well. He did not get the bottom price and may not have gotten the highest price but it took piece of pie out of the middle.
      Jul 29, 12:49 PM
    • skysurfer83: I missed bottom yesterday, my 9.20 order didnt fill and missed on the 9.30 as well after replacing it, swinged back up real fast.
      Jul 29, 12:53 PM
    • zaw77: I am still holding CLF since lows, going to start sell above 18.
      Jul 29, 12:56 PM
    • skysurfer83: Dec gold also fell below 1300. What do you forsee now RE?
      Jul 29, 1:02 PM
    • Robert Edwards: Even with the recent weakness, I still believe there is slightly better than 50/50, maybe 60% chance we see 1310 in Dec Gold tomorrow.
      Jul 29, 1:11 PM
    • Robert Edwards: recently there has been a lot of overnight buying in Asia and/or early Europe trading and would not be hard to get spike higher overnight.
      Jul 29, 1:14 PM
    • skysurfer83: so maybe nice rally in JNUG over the last 15 min of trading as we had past few days. Im sitting on 40% cash and becoming impatient lol
      Jul 29, 1:15 PM
    • Robert Edwards: Looking at 5/1/14 & 5/2/14, looks similar to today and yesterday in Palladium (Sept) chart and next day PA went higher. Platinum is inside
      Jul 29, 1:33 PM
    • Robert Edwards: day down which usually means next day is up, and silver is up today and strongest metal. These other metals are keeping gold up more than
      Jul 29, 1:34 PM
    • Robert Edwards: unrest in the world IMHO. Because I am bullish Palladium most, silver second, & Platinum 3rd, it is hard to be bearish last place gold.
      Jul 29, 1:36 PM
    • Robert Edwards: I see silver and Palladium rallying into the end of the year and possibly Platinum too so gold could also catch a bid too or keep sideways
      Jul 29, 1:37 PM
    • Robert Edwards: Nat Gas closes in 50 minutes and bottom has held in today and now starting to rally a bit, still slightly down for day right now.
      Jul 29, 1:42 PM
    • Robert Edwards: Nat Gas up 1/2 a cent at 3.770 Sept. Maybe we get an up day. Too early to say
      Jul 29, 1:45 PM
    • Robert Edwards: Hope the Nat Gas rally did not start too early. Nears high of day 3.794
      Jul 29, 1:51 PM
    • RCamuti: RE, you and I have said in the past that in the very short term, we were bearish gold/gold miners till the end of July & maybe beginning Aug
      Jul 29, 1:51 PM
    • RCamuti: Based mostly on the data t hat would be coming out this week.
      Jul 29, 1:52 PM
    • Robert Edwards: New HOD, to above 3.800 and we are rallying today and confirming the gravestone market candlestick pattern of yesterday.
      Jul 29, 1:53 PM
    • RCamuti: The seasonal uptrend of gold starts August & last till Oct./Nov. You are right regarding gold being propped by the other metals & geopolitic
      Jul 29, 1:54 PM
    • RCamuti: RE, do you think an Argentina default could effect gold/gold miners in any way at all? Did it effect these investments the last time?
      Jul 29, 1:56 PM
    • Robert Edwards: On blowout to new highs, took partial profits due to skankiness of NG.
      Jul 29, 1:57 PM
    • Robert Edwards: Here is article on Argentina default. http://cnb.cx/1togBO7__source=cnbcsocial|worldnews&par=cnbcsocial&utm_source=dlvr.it&utm_medium=twitter#. 3rd time so loses some impact
      Jul 29, 2:02 PM
    • Robert Edwards: Argentina maybe helps put a small bid under gold but gold will not rally on Argentina as not that much money involved and it was expected
      Jul 29, 2:04 PM
    • Robert Edwards: a soft default is a strategic move similar to companies declaring bankruptcy to gain favor in negotiating with creditors.
      Jul 29, 2:04 PM
    • RCamuti: I figured you would say that, just figured I would ask. I was wondering what kind of reaction gold had in the past.
      Jul 29, 2:06 PM
    • Robert Edwards: Buyers of Argentina debt for 48.7 million with face value of 832 million, back in 2001, who held these last 13 years, should be fine.
      Jul 29, 2:09 PM
    • Robert Edwards: Paul Singer is forcing full face value instead of a haircut agreed to in 2005 & 2010 restructuring. If I was Argentina I would probably
      Jul 29, 2:10 PM
    • Robert Edwards: choose to default as they cannot pay back the full face value and to expect such smells like greed by Singer, just my initial take.
      Jul 29, 2:11 PM
    • Robert Edwards: U.S. court demanding Argentina pay debt but the creditors agreed to haircut in past. How can you change history? I am not attorney & don't
      Jul 29, 2:13 PM
    • RCamuti: December Gold seems to be holding tightly onto that 1300 level RE, are you still short term bullish gold for the rest of today into tomorrow
      Jul 29, 2:15 PM
    • Robert Edwards: have all the facts. Argentina is not defaulting out of desperation, but as a legal defense. Don't see it as having any affect on gold
      Jul 29, 2:15 PM
    • RCamuti: JDST has been moving very steadily all day today in an upward direction. Gold bulls haven't seemed to be able to push it down at all.
      Jul 29, 2:18 PM
    • Robert Edwards: Nat Gas is so skanky, it makes new high to 3.824 and already slipped back under 3.800. Nat Gas is almost untradeable other than scalping
      Jul 29, 2:18 PM
    • Robert Edwards: JDST overdid it to the downside yesterday so today's strength is a correction back above 10 as I predicted. The question is will JDST keep
      Jul 29, 2:20 PM
    • Robert Edwards: rallying or does gold come back some and JDST tops out at 10.50 to 11?
      Jul 29, 2:22 PM
    • Robert Edwards: Gold is most likely still in a trading range from 1280 to 1320, regardless of the gyrations up and down on a daily basis.
      Jul 29, 2:25 PM
    • dscassel: Can anyone explain what happened at 1:39 ET that caused NG to jump suddenly?
      Jul 29, 2:36 PM
    • Robert Edwards: There was a stopper in Sept Nat Gas at 3.755 who refused to let NG rally and when they could not get it to go down, he gave up and covered
      Jul 29, 2:41 PM
    • Robert Edwards: and joined the bullish side. Then at 3.824 the guy reshorted and drove down under 3.800 and then covered again and probably went long to
      Jul 29, 2:42 PM
    • Robert Edwards: get NG to retest highs where he shorted again. Large funds have virtually no affect long-term but in daily minute by minute gyrations they
      Jul 29, 2:43 PM
    • Robert Edwards: r in total control. It is not manipulation, it is the power of big money. U have to be in tune to see when it happens and go with it.
      Jul 29, 2:44 PM
    • Robert Edwards: Looks like the fund(s) are again happily short from 3.82s and we r drifting lower again lightly as they are no longer active. They made
      Jul 29, 2:46 PM
    • Robert Edwards: their $$$ and can sit back and wait for their next opportunity. Nat Gas is the widow maker, the wild, wild west! Not for amateurs.
      Jul 29, 2:47 PM
    • Robert Edwards: In the good old days there was a stock market ticker and guys would "read the tape" to get clues to where big money was investing.
      Jul 29, 2:49 PM
    • donnavet4pet: So is it too late today to get on board the UGAZ rally?
      Jul 29, 2:50 PM
    • Robert Edwards: Today it is in the volume spikes of HFT (high frequency traders) and large funds, that can be seen on 1 min. and 30 sec. charts and I am in
      Jul 29, 2:50 PM
    • Robert Edwards: the process of developing a trading system utilizing the volume spike information. So far things are looking very promising. The system has
      Jul 29, 2:51 PM
    • Robert Edwards: so far today, told me that the selloff is a buy on the lows and could drift higher late today and tomorrow, but signal not that strong so I
      Jul 29, 2:52 PM
    • Toastypro: Argentina can default all they want. It's economy is based on soy bean, soy bean oil and corn. Their solution is "take it or leave it".
      Jul 29, 2:52 PM
    • Robert Edwards: am 60% sure we see Dec Gold 1310 tomorrow. Other times signals are very strong of 75 to 85% or higher. Those are the ones you want to take
      Jul 29, 2:52 PM
    • dscassel: Thanks for the info, RE! ...The widow maker, indeed.
      Jul 29, 2:53 PM
    • Robert Edwards: Too early to say, but so far, my indicators are pointing towards two way action tomorrow in gold, both up and down. Not getting confirmation
      Jul 29, 2:54 PM
    • Robert Edwards: that tomorrow we sell off. Gold used up some of its bullets today by breaking support levels at 1303 and 1298 in August gold. Tomorrow the
      Jul 29, 2:55 PM
    • Robert Edwards: momentum won't be spiked if we violate support levels on the downside, since we already did much of that ahead of time. It lessens the blow
      Jul 29, 2:56 PM
    • Robert Edwards: The UGAZ rally is giving us our second bullish gravestone buy signal within a week. The exact day we hit 4.00 again is unknown but things r
      Jul 29, 2:58 PM
    • rxraider: Enjoying rallies in $ARIA, $ISIS, $JDST, $RUSS, and $UGAZ. The rest of the week should be interesting.
      Jul 29, 2:59 PM
    • Robert Edwards: looking up. Bottoming is a process but I am getting more bullish NG by the day! NG is still within 9 cents of the recent low so UGAZ a buy
      Jul 29, 2:59 PM
    • Robert Edwards: Sept NG is now at 3.817 and I am getting a buy signal to buy at 3.801 if it gets that low again today. Short term buy Dec Gold at 1300.00
      Jul 29, 3:05 PM
    • RCamuti: RE, would your recommend selling any gains made in JDST today in order to buy more tomorrow on weakness? Or sit tight till tomorrow?
      Jul 29, 3:24 PM
    • Robert Edwards: I think selling 50% is not a bad idea today anyway, if not 100%. Should be able to buy JDST back tomorrow at 9.75 one would think premarket
      Jul 29, 3:53 PM
    • Robert Edwards: Don't have a good reading on tomorrow. Getting mixed signals. See up and down action both and don't know yet where we end up for the day
      Jul 29, 3:55 PM
    • Lefty6x6: I'm thinking JDST opens lower tomorrow and will present good buy point to ride thru the day and dump - I'm back in at 9.75 or lower for sure
      Jul 29, 3:59 PM
    • Robert Edwards: sounds like a plan Lefty!
      Jul 29, 4:29 PM
    • RCamuti: Sorry RE, i decided to stay in JDST, with the dollar being as strong as it is, & with the data tomorrow, I am staying in JDST till thurs. AM
      Jul 29, 4:40 PM
    • RCamuti: Since i trade with Merrill, i wasn't sure if the funds would have been available for me to rebuy tomorrow morning on weakness.
      Jul 29, 4:41 PM
    • vanebfbc: TWTR exploded 30%+ AH on earning beat and good guidance. That's crazy!
      Jul 29, 4:50 PM
    • Robert Edwards: Just noticed that. TWTR hit high at 52.60s and now just under 49.60s
      Jul 29, 5:35 PM
    • shopvac20: is there a good buy in the After Hours now ?? I freed up some cash from my week long NES hold, sold today 11% up
      Jul 29, 6:20 PM
    • Robert Edwards: GDP report at 8:30 est has consensus 3.1% but I am looking for weaker like 2.9 which might support gold
      Jul 30, 7:59 AM
    • Robert Edwards: 4 % GDP so gold slips and copper explodes up. I was long copper so very happy with that
      Jul 30, 8:34 AM
    • zaw77: GDP at 4 % - supporting for $DUST/$JDST holders like me.
      Jul 30, 8:35 AM
    • zaw77: Gold down to 1292 area, does it drop more to 1287
      Jul 30, 8:39 AM
    • Robert Edwards: Gold surged all the way to $1305 post report but now falling back a bit. The report was faded and copper lost most of gains but already
      Jul 30, 9:02 AM
    • Robert Edwards: took copper profits on the surge. JDST got to 10.50 area but now falling back. 10.50 may be high of day depending on Yellen comments later
      Jul 30, 9:03 AM
    • Robert Edwards: gold now lost all the strength and it down again. Very back and forth today, both up and down as predicted.
      Jul 30, 9:11 AM
    • skysurfer83: DGAZ back up in pre-market, do you think its time to start building in UGAZ or wait till after report tomorrow?
      Jul 30, 9:11 AM
    • Robert Edwards: It is pretty difficult calling the weekly storage reports. I see starting a position now and adding on weakness with the expectation NG
      Jul 30, 10:06 AM
    • Robert Edwards: could drop another 30 cents, as the prudent approach. A small position fine but still no confirmation of a turnaround to upsdie
      Jul 30, 10:07 AM
    • Robert Edwards: all strength of yesterday lost today but still an inside day, staying above yesterday's low. Bottom support, don't know if it will hold but
      Jul 30, 10:08 AM
    • Robert Edwards: I like buying on dips and taking profits on small pops until we get some momentum going to the upside.
      Jul 30, 10:08 AM
    • fwsk: buy jnug on dips, going to 28s soon.
      Jul 30, 10:25 AM
    • RCamuti: RE, a recent article in Kitco said that the switch from August to December Gold is almost complete. Does that mean that December is the new
      Jul 30, 10:29 AM
    • RCamuti: benchmark we will be referring too when looking to make our gold/gold miner investing decisions?
      Jul 30, 10:30 AM
    • RCamuti: Or do we still refer to the the closest month ahead?
      Jul 30, 10:30 AM
    • Robert Edwards: I would say that it is time to look at December Gold as trading will dry up quickly in the August contract. Peter Hug is looking for a bit
      Jul 30, 10:32 AM
    • Robert Edwards: of rally in gold possible following Yellen's statement as expectation is for hawkish talk and if she appears accommodating, could depress US
      Jul 30, 10:33 AM
    • Robert Edwards: dollar a bit and rally gold a bit. For whatever reason, I am not that bearish gold in here. I could be wrong but don't like pressing the
      Jul 30, 10:33 AM
    • Robert Edwards: short side in the metals. I like going long Palladium and Copper and more neutral on gold and more bullish under 1300, bearish above 1300
      Jul 30, 10:34 AM
    • RCamuti: So we wouldn't want to use September Futures when looking near term in trading gold related stocks?
      Jul 30, 10:34 AM
    • RCamuti: I wouldn't think we should expect much from the FED statement. And since there is no press conference, there wont be much new news.
      Jul 30, 10:35 AM
    • Robert Edwards: I consider 1280 as solid support in Dec Gold and we are just $15 away from that, while $1330 is solid resistance, $35 higher. Closer to the
      Jul 30, 10:36 AM
    • RCamuti: Obviously the taper will continue, and they will probably discuss normalization a little more. But if anything Hawkish talk will seep in.
      Jul 30, 10:36 AM
    • Robert Edwards: bottom than the top of current trading range. We may not get down to 1280 and may stop at 1289 in Dec. Gold, then very close to the bottom.
      Jul 30, 10:37 AM
    • RCamuti: Especially since unemployment and GDP have grown so significantly. I do expect GDP to be revised down a tax in the monthly revisions.
      Jul 30, 10:37 AM
    • Robert Edwards: Peter Hug at Kitco.com came out with a video where he stated he felt gold would break out of trading range soon and he felt it was more
      Jul 30, 10:37 AM
    • Robert Edwards: likely to the upside than the downside. For whatever reason, I am slightly more in favor of the upside breakout than downside (seasonals)
      Jul 30, 10:38 AM
    • Robert Edwards: Gold getting a bit weaker in here. The more we slip and fall going into the Yellen announcement, the more likely we go up afterward IMHO
      Jul 30, 10:42 AM
    • RCamuti: I agree with the breakout to the upside for seasonals, but I would not expect that sort of move till after this friday's jobs report.
      Jul 30, 10:43 AM
    • RCamuti: All news this week in my opinion will continue to put strength into the dollar.
      Jul 30, 10:44 AM
    • Robert Edwards: Maybe the jobs report gets gold down to 1280 on Friday and we bottom down there somewhere, RC. September Gold is not a favored month to
      Jul 30, 10:49 AM
    • Robert Edwards: trade in by traders so most key on the December Gold. All commodities have favored and non-favored Contract months by traders (popularity)
      Jul 30, 10:50 AM
    • RCamuti: Thanks for the tip on which benchmark to look at. I was not aware of there being certain months futures favor over others.
      Jul 30, 10:56 AM
    • shopvac20: Im on the sideline for gold at the moment, but looking for some scalping opportunities, looking for any 1-2% moves scalps today... Ideas ?
      Jul 30, 11:01 AM
    • Robert Edwards: below 1300 can scalp from long side, above 1300 scalp from the short side, would be my suggestion for scalps.
      Jul 30, 11:18 AM
    • Robert Edwards: bot Sept NG in 3.75s, and sold out 3.78s, just bot again 3.764 and will add on more weakness.
      Jul 30, 11:28 AM
    • shopvac20: Thanks RE, will make some plays today for some "quick" scalps :)
      Jul 30, 11:34 AM
    • Robert Edwards: almost bot palladium at 878 and now almost 880. can't keep palladium below 880 for long. Palladium and other metals holding up gold IMHO
      Jul 30, 11:40 AM
    • dan1981: Hey RE ! Any outlook on coal ?
      Jul 30, 11:41 AM
    • Robert Edwards: Coal has been very very depressed but recently I saw a couple positive articles but if Nat Gas is under 4.00, keep burning NG over coal.
      Jul 30, 11:50 AM
    • Robert Edwards: If NG would get to $5 then I would be more excited about coal. CSX Railroad hauls lots of coal locally and someone working there told me
      Jul 30, 11:51 AM
    • Robert Edwards: recently prices are very soft. He blames it on pollution control in here and slowly in China and elsewhere. Coal is on its way out.
      Jul 30, 11:52 AM
    • Robert Edwards: copper in Sept got down to 3.2050 overnight but the positive GDP report really kicked it up today. I am not bullish now above 3.2500 as
      Jul 30, 11:56 AM
    • Robert Edwards: FCX is exporting again out of Indonesia and supply glut looking of copper limiting upside to 3.25 to 3.30 for now probably
      Jul 30, 11:57 AM
    • Robert Edwards: where does Dec. gold stop trading at 5:15 EST today?? Anyone want to make a guess. I will do mine last so no one will be influenced.
      Jul 30, 11:59 AM
    • Robert Edwards: My answer is going to be a certain $ amount above the low of the day. U can answer that way if you like in case we make a new LOD
      Jul 30, 12:06 PM
    • donnavet4pet: Since $1280 is solid support and $1330 solid resistance, my guess is that gold will stop trading today $1300 in slight favor of the bears.
      Jul 30, 12:07 PM
    • dan1981: Thanks! Do u see an entry in aci ?
      Jul 30, 12:10 PM
    • Robert Edwards: took half profits of Sept Nat Gas 3.77s, will sell rest in 3.78s if we rally that high
      Jul 30, 12:11 PM
    • glaserdx: 1303
      Jul 30, 12:11 PM
    • Robert Edwards: Palladium is 881.35. No end to the strength in palladium and other metals
      Jul 30, 12:11 PM
    • zaw77: I am sold 60% JDST with avg. 10.72 and bought $JNUG avg. 25.25, so now 40% JDST and 60% in JNUG
      Jul 30, 12:12 PM
    • glaserdx: nice adjustment zaw
      Jul 30, 12:17 PM
    • Gettin'Long: $1285.10 -- everybody here is bullish :)
      Jul 30, 12:17 PM
    • RCamuti: I am thinking December Gold is going to close to the downside after the Fed Release, 1289.
      Jul 30, 12:26 PM
    • Robert Edwards: My guess is $6.50 higher than the low of day in gold is last tick today. That puts me at 1299.70 if 1293.20 low holds, near Donna's 1300
      Jul 30, 12:27 PM
    • Robert Edwards: If they knock out the low and make a new low, I will be scalping from long side on dip and believe 1290 support holds in Dec Gold.
      Jul 30, 12:29 PM
    • Robert Edwards: Worst case scenario I see for Friday if the employment report is strong and gold sells off is 1280 but may change that guess later
      Jul 30, 12:31 PM
    • Robert Edwards: It will be fun to see RC, if you are right at 1289 or Gettin' Long at 1285.10 or we close near 1300 or a bit higher
      Jul 30, 12:34 PM
    • Robert Edwards: Palladium above $880 puts me in the more bullish camp. Maybe Palladium is its own market and won't help gold today but we will see.
      Jul 30, 12:36 PM
    • Robert Edwards: Bot Sept Nat Gas again 3.763 and will add more on weakness while selling half on a ten to twenty tick pop
      Jul 30, 12:59 PM
    • Robert Edwards: The Sept E-mini Dow Jones hit low today 16751 and now bounced back to 16800 (my old buy zone support level). did not play it today
      Jul 30, 1:02 PM
    • Jeremy49: I think gold wants to go down...but perhaps I am biased in here.
      Jul 30, 1:07 PM
    • RCamuti: Jeremy, i happen to agree that gold wants to go down, but Geopolitics and other metals are keeping gold propped up for the time being.
      Jul 30, 1:11 PM
    • Jeremy49: Yes RC...but we are also pretty close to 50 and 200 day MA so that support tough to break. But I think it wants to break support. We'll see
      Jul 30, 1:17 PM
    • AlphaOne777: RE do you think we'lll get a pop up in JNUG tomorrow if we don't get one today? I missed a low entry today in JDST to protect my position.
      Jul 30, 1:18 PM
    • Jeremy49: Where is Grow? Last week he thought gold would at some point break to the downside below 1287. Wonder what he thinks now
      Jul 30, 1:18 PM
    • Robert Edwards: Alpha "1" we hato get thru the Yellen announcement next hour and also the Friday employment report. Do you know how many jobs for Friday?
      Jul 30, 1:22 PM
    • Robert Edwards: I believe we get a relief rally next week but this week is very tough to predict. The secret is getting in gradually and out in steps
      Jul 30, 1:24 PM
    • Robert Edwards: Sept Nat gas yesterday at this same time, 1 hour before close, was in 7.75s and we had the big pop into the close. What will today hold?
      Jul 30, 1:29 PM
    • Robert Edwards: When GDP report came out, copper moved up several minutes prior to announcement and gold sold off as well. It was as if a lot of people
      Jul 30, 1:31 PM
    • Robert Edwards: already knew it was a strong number before the report came out. Anyone else see that this morning? Leaking is OK if they are consistent so
      Jul 30, 1:31 PM
    • Robert Edwards: I can trade on it, LOL!
      Jul 30, 1:32 PM
    • RCamuti: RE: Prior Month - 288,000, Consensus - 233,000, Consensus Range 200,000 to 280,000.
      Jul 30, 1:32 PM
    • AlphaOne777: Thanks RE....I hope Janet is nice today! ;-)
      Jul 30, 1:32 PM
    • Robert Edwards: Next GDP report, I will have to join the party early and then quickly reverse once the report comes out. Today's action tells me to do this
      Jul 30, 1:33 PM
    • RCamuti: I did see that this AM RE, I just think everyone is starting to believe in the economic upswing, and have expectations of good numbers.
      Jul 30, 1:33 PM
    • shopvac20: RE ... any thoughts on PBA ?? Pembina Pipeline Corp
      Jul 30, 1:44 PM
    • Robert Edwards: Should be able to buy first dip from new highs and get out if the stock fails to make new highs. Find a spot to buy and look for retest of
      Jul 30, 1:53 PM
    • Robert Edwards: highs and hope new highs continue to be made. Why did PBA have that plunge couple days ago? Was it a bad tick on my chart?
      Jul 30, 1:54 PM
    • Robert Edwards: RC, gold weakening and failed to retest 1300 preannouncement, and PA back under 880 so maybe u might win today on low gold close guess.....
      Jul 30, 1:57 PM
    • RCamuti: JDST down on the day now.
      Jul 30, 2:04 PM
    • RCamuti: Gold gaining strength, will it close about 1300?
      Jul 30, 2:04 PM
    • shopvac20: Idk why PBA had the dip, but just came across it looking around and seems to have a pretty convincing bullish stance (minus last 5 days)
      Jul 30, 2:04 PM
    • RCamuti: Now up on the day. Market still digesting report. Inflation talk was a little more hawkish.
      Jul 30, 2:05 PM
    • RCamuti: And down again.
      Jul 30, 2:06 PM
    • Robert Edwards: Nat Gas let me add in low 775s and sell out 777s and 778s so now flat NG. Will buy NG again on dips.
      Jul 30, 2:11 PM
    • Robert Edwards: Looked for top in JDST today between 10.50 & 11 and came out to be HOD of 10.82, right in range. Gold weak before report, stronger afterward
      Jul 30, 2:13 PM
    • RCamuti: Gold still saying around 1296. Does it mean anything if it doesnt close above 1300 RE?
      Jul 30, 2:19 PM
    • Robert Edwards: Nat Gas is getting coiled tighter and tighter last several days. Could explode higher on short-covering if they can blow the top out!
      Jul 30, 2:22 PM
    • zaw77: Took some profit on JNUG and bought some JDST back, now 80% JDST and 20% JNUG - so far works for me.
      Jul 30, 2:25 PM
    • Robert Edwards: I think we might get a delayed surge still later today (likely up) especially if shorts cover. Could hit 1305 or 1310 yet today.
      Jul 30, 2:26 PM
    • Robert Edwards: Depends on action going into close more than actual closing price, RC. Not trading above 1300 this afternoon is bearish for sure.
      Jul 30, 2:28 PM
    • Robert Edwards: 1299.60 high in Dec Gold after report, one tick below 1299.70. I should have guessed a higher price if I was going to stop the market
      Jul 30, 2:36 PM
    • zaw77: I will buy more $JDST looking for tomorrow Jobless Claims Report, but if stay below 1300 near 1295 think it should pop end of the day
      Jul 30, 2:38 PM
    • zaw77: My plan is to switched to long or be flate before fridays close - last Fridays we usually got a nice pop before traders go into the weekend
      Jul 30, 2:48 PM
    • RCamuti: After seeing this days trading action, I feel like I know absolutely nothing about trading and market behavior. Nothing makes sense.
      Jul 30, 2:49 PM
    • Robert Edwards: Most of the selloff occurred prior to the announcement so we did not have to keep falling post announcement and went up a bit. Also Yellen
      Jul 30, 2:52 PM
    • RCamuti: The dollar keeps on pushing toward new highs and pushing past resistance and approaching the next resistance levels. Not far from 52wk hi.
      Jul 30, 2:53 PM
    • Robert Edwards: was a bit hawkish but not totally hawkish and some were expecting very hawkish language. The big question is Thursday and action before
      Jul 30, 2:53 PM
    • RCamuti: JDST is attempting a post FOMC reversal positive again.
      Jul 30, 2:54 PM
    • Robert Edwards: Friday's employment report. Could get a selloff late Thursday going into the Friday morning employemnt number
      Jul 30, 2:54 PM
    • Robert Edwards: One reason I thought August gold needed to hit 1315 or higher early this week, needed to see strength early to get Yellen to knock it down
      Jul 30, 2:55 PM
    • Robert Edwards: hard, along with GDP and employment number. Since we never hit the high target, and now weakened quite a bit, will be harder to sell off,
      Jul 30, 2:56 PM
    • Robert Edwards: both today and Friday. Markets discount news so quickly anymore, they already discount the news before it even is news. When news says buy
      Jul 30, 2:57 PM
    • Robert Edwards: you probably should sell, and visa versa. Can't trade on raw news. Also the media explanations are pretty worthless on why we pop or drop
      Jul 30, 2:58 PM
    • RCamuti: Ain't that the truth RE. Jeremy asked earlier where Grow is, I to am very curious what kind of thoughts he had for today. Any ideas?
      Jul 30, 3:05 PM
    • Robert Edwards: Until this week, I have been AWOL from time to time as I was busy taking care of business. Grow is busier than I am. He will get caught up
      Jul 30, 3:29 PM
    • Robert Edwards: soon and will return. We miss his input. Drop us a line Grow, when you can!
      Jul 30, 3:31 PM
    • RCamuti: RE, dollar index is still climbing putting further pressure on gold, should cap any gains gold can make today.
      Jul 30, 3:33 PM
    • Robert Edwards: Right now, dollar is mainly strong because it is balanced against a weak Euro that is hurt as much as the Russians are due to sanctions.
      Jul 30, 3:39 PM
    • Robert Edwards: The conflict gives a slight bid under the gold market. Can't move gold up, but keeps gold from falling much. Gold & dollar could rally toge-
      Jul 30, 3:40 PM
    • Robert Edwards: ther for a short time, or both gain on the Euro which will make it look like they are going up together. Also, dollar has rallied quite a
      Jul 30, 3:42 PM
    • Robert Edwards: bit lately and if it corrects, gold could get a relief rally. I am impressed how well gold is holding in here and if the US$ weakens it pops
      Jul 30, 3:43 PM
    • skysurfer83: RUSS took a beating today, do you think further sanctions will make it go up or its slowly gonna retreat?
      Jul 30, 3:45 PM
    • skysurfer83: placed buy order at 9.85 on JDST, lets see if it trigger
      Jul 30, 3:46 PM
    • RCamuti: That's a right on way to look at it RE. I am still leaning toward going long with JNUG the earliest Friday sometime. I am biased with JDST
      Jul 30, 3:46 PM
    • RCamuti: till then.
      Jul 30, 3:47 PM
    • zaw77: Bid of $JDST at $10 above 1000 - hmm promissing
      Jul 30, 3:47 PM
    • RCamuti: Tomorrow i think will lend more strength to JDST to sell, and then to buy JNUG on friday after the jobs report comes out.
      Jul 30, 3:47 PM
    • zaw77: RC thats also my plan, we will see if works
      Jul 30, 3:53 PM
    • zaw77: I vote JDST Close at 10.50 and you ;-)
      Jul 30, 3:57 PM
    • Robert Edwards: Nat Gas has fallen over ten ticks below the closing price. If it continues to weaken, it might be telling us tomorrow's report is bearish
      Jul 30, 3:58 PM
    • glaserdx: So WFM is up 4% today, right b4 report earnings after close. I sold $34 puts that expire 8/1 so am very curious as to what they will report
      Jul 30, 3:59 PM
    • Robert Edwards: But if it gets bought up late today or tomorrow, it might give us a clue NG will pop to upside following the morning 10:30 inventory report
      Jul 30, 3:59 PM
    • zaw77: sorry, I thought 10.05 ;-)
      Jul 30, 4:00 PM
    • zaw77: hear you guys tomorrow, have a nice afternoon
      Jul 30, 4:01 PM
    • RCamuti: JDST was totally outperformed by DUST today, as RE always explain's though, JDST isn't always a good play when gold is down.
      Jul 30, 4:02 PM
    • RCamuti: I probably will not be trading Juniors as much in the future after i unwind my JDST position.
      Jul 30, 4:03 PM
    • RCamuti: zaw you were really close with the 10.05 close, even 10.
      Jul 30, 4:04 PM
    • skysurfer83: Good buy at 10 for today after highs of 10.8. Was able lower my cost basis 10.54(IRA) 10.82 (nq), not sure ill make much money
      Jul 30, 4:10 PM
    • skysurfer83: but i can lower my loss as i reposition into NUGT friday w you guys, as usual thx for god insight
      Jul 30, 4:11 PM
    • glaserdx: WFM's EPS hit whisper # but s-dropped driving the shares down 5%+ AH. Will see what happens tommorrow on options expiry
      Jul 30, 4:36 PM
    • glaserdx: s - is same store sales
      Jul 30, 4:36 PM
    • Robert Edwards: don't u hate it when u beat earnings and they drop the stock hard anyway
      Jul 30, 4:57 PM
    • Robert Edwards: dec gold ended 1297.10, pretty pathetic but could have been worse.
      Jul 30, 5:16 PM
    • RCamuti: Still learning towards a down day tomorrow for gold/gold miners RE. Hard to read this market but my convictions tell me I'm right.
      Jul 30, 11:14 PM
    • RCamuti: Till tomorrow everyone.
      Jul 30, 11:16 PM
    • rxraider: RC, logic says that since the world has thrown all this turmoil at gold and it hasn't gone up much; that the value of gold will go down.
      Jul 31, 12:38 AM
    • rxraider: But, gold (and nat gas) don't move on logic unfortunately.
      Jul 31, 12:39 AM
    • Lefty6x6: raider : no, they certainly do NOT !
      Jul 31, 7:45 AM
    • RCamuti: There is the famous quote "The market can behave illogically, longer than you will have money". Lets hope it isn't like that for much longer
      Jul 31, 8:08 AM
    • Robert Edwards: Outsized sell order overwhelmed gold in premarket, knocking down to 1286 area in Dec Gold. Congratulations RC! Well, bounced a bit & had
      Jul 31, 8:59 AM
    • Robert Edwards: a retest that was successful. Don't know if 1286 is low for today or rest of week, but 1280 probably is so time to look to take profits in
      Jul 31, 9:00 AM
    • Robert Edwards: JDST and DUST on this weakness, and some losses if one has those as well. Don't let this selling opportunity, especially in JDST get away!
      Jul 31, 9:01 AM
    • Robert Edwards: Gold is weak now, but the next big move should be to the upside and not the downside, IMHO, so I will be using this weakness to position
      Jul 31, 9:02 AM
    • Robert Edwards: long in gold futures as well as buying of NUGT/JNUG. Will post article this morning giving more details but after the employment report
      Jul 31, 9:03 AM
    • Robert Edwards: comes out Friday, will only be playing from the longside, until we retest 1350 in Dec Gold. I have been neutral but very close to turning
      Jul 31, 9:04 AM
    • Robert Edwards: bullish. While waiting for gold to bottom, I am getting excited about Nat Gas. See the bottom hitting either before the report today or
      Jul 31, 9:05 AM
    • Robert Edwards: afterwards. I made nice money on premarket strength going long Sept NG and will be long thru today's report and will be adding on weakness.
      Jul 31, 9:06 AM
    • Robert Edwards: Even if Sept NG cannot boom out of here, the trading range for present is 3.70 to 3.90 so under 3.80 gotta be loading up on UGAZ.
      Jul 31, 9:07 AM
    • Robert Edwards: I am going out on the limb right now and predicting today's low already in at 1286 in Dec. Gold. Depending on today's close, could still hit
      Jul 31, 9:08 AM
    • Robert Edwards: 1280 tomorrow but right now I see 1280 being hit as very low probability, 15% or less. There is nothing fundamentally really to be that
      Jul 31, 9:10 AM
    • Robert Edwards: friendly in gold right now, but technically, I am seeing indications the current weakness is probably short lived. Want a trade idea? Buy
      Jul 31, 9:11 AM
    • Robert Edwards: NUGT, yet buy NUGT on dips. Too early to get in JNUG as you want to see the bottom before buying there, but on dips, I favor buying NUGT
      Jul 31, 9:11 AM
    • Robert Edwards: and gold should bounce enough to allow you to make nice profits even if, yes, even if NUGT slips a bit more. Scalping from long side is
      Jul 31, 9:12 AM
    • Robert Edwards: the money trade especially after Friday's employment report, IMHO. Palladium is still above 880 which tells me PA is going higher & will
      Jul 31, 9:13 AM
    • Robert Edwards: pull gold higher kicking and screaming. If not bullish yet in gold, that is OK as we r in a bottoming process & plenty of time to get long.
      Jul 31, 9:15 AM
    • Robert Edwards: Be happy for every $1 gold falls, and every tick NUGT slips, so you can buy more on weakness buying gradually. I am getting very much
      Jul 31, 9:17 AM
    • Robert Edwards: convinced the ultimate resolution of the 1240 to 1350 trading range, is to the upside and not the down. I see 1350 being hit before 1240.
      Jul 31, 9:18 AM
    • skysurfer83: anyone still holding on JDST or sold out already?
      Jul 31, 9:50 AM
    • Jeremy49: If we dont hit at least 11 in JDST today after gold broke yet another support level, I will be quite disappointed. May have to break
      Jul 31, 9:54 AM
    • Jeremy49: 1280 for short/intermediate term sentiment to change to bearish in miners
      Jul 31, 9:55 AM
    • glaserdx: closed out WFM puts for nice profit
      Jul 31, 9:55 AM
    • Growfast: Still holding a small JDST position here, Sky. We broke the support of 200 day MA at 1287.11 and I think we have some room lower
      Jul 31, 9:55 AM
    • Jeremy49: On this move lower in gold, I'm still holding JDST to sell at a better price this afternoon, hopefully above 11, preferably 11.25 or better.
      Jul 31, 9:57 AM
    • Jeremy49: Agree with Grow...just broke 200 day MA which to me is significant. I think there is room lower as well.
      Jul 31, 9:58 AM
    • Gettin'Long: I'm guessing 1260 by the weekend in gold. People have turned bullish and this gold trade has been humbling for months.
      Jul 31, 10:00 AM
    • zaw77: I am still holding but would like to sell 50% at $10.7 and rest near $11
      Jul 31, 10:01 AM
    • Growfast: 12+ is my target on JDST. When we break 1250 and are headed for 1200, JDST should pop nicely.
      Jul 31, 10:05 AM
    • Growfast: When Gold makes it directional moves, it often surprises how long and how far it goes in that direction. Too many traders appear to have
      Jul 31, 10:06 AM
    • Growfast: already gone long and that may fuel the fire going lower.
      Jul 31, 10:06 AM
    • Gettin'Long: What's the timeline on that grow...next week 1250 gets broken?
      Jul 31, 10:07 AM
    • Growfast: But, I'm prepared to change my opinion if the action suggests we are ready to make a turn.
      Jul 31, 10:07 AM
    • Robert Edwards: Nat Gas got into the 783s in premarket which got me pretty bullish for today's report, but now it is back in the 777s so report might have
      Jul 31, 10:14 AM
    • Robert Edwards: a negative reaction. I will be long going into the report (small) and will add on further weakness. Don't believe we drop 7 straight weeks
      Jul 31, 10:16 AM
    • Robert Edwards: I could be too bullish gold in here, but Dec Gold just made a new low by 4 ticks(1285.50 vs. 1285.90) and bounced $3. I will be scalping
      Jul 31, 10:18 AM
    • Robert Edwards: from the long side as I won't be holding futures trades more than 5 or 10 minutes. I hope gold is weak, because I can play bigger if we
      Jul 31, 10:19 AM
    • Robert Edwards: get cheap enough. The lower gold goes to downside, the more I can make going long once we bottom and I can hold overnight vs. 10 minutes
      Jul 31, 10:20 AM
    • Jeremy49: Grow we were at 12 in JDST just last week when gold above 1300...how we dont get above 12 soon as a result of this move lower is beyond me.
      Jul 31, 10:20 AM
    • Robert Edwards: Some time back I recommended buying NUGT 42 to 47. From 42 to 44 is a place I see as beginning to be value & balance against JDST trades
      Jul 31, 10:23 AM
    • Growfast: Just short-term sentiment on traders betting Gold holds at 200 day MA and makes the turn. Once Gold drops lower and they lose faith, we
      Jul 31, 10:23 AM
    • Robert Edwards: Welcome back Grow! We all missed your comments!
      Jul 31, 10:24 AM
    • Growfast: should get the change in sentiment needed. Playing for the lows in Gold is a challenge exactly for this reason because so many traders love
      Jul 31, 10:24 AM
    • Jeremy49: A break of 200 day MA should be worth at least 10% up day in JDST or 11+ today to take some profits...I want to wait for 12+ though
      Jul 31, 10:24 AM
    • Growfast: to find every reason to go long every time there is some minor pullback.
      Jul 31, 10:24 AM
    • Growfast: This is also why I think we have to sell into a big move down and not wait for the bottoming action. Once bottoming action starts, bulls
      Jul 31, 10:25 AM
    • Growfast: dive in and move pricing.
      Jul 31, 10:25 AM
    • Robert Edwards: For the record, I am no longer bullish copper in here. After taking profits on yesterday's rally, I have been playing short side above 3.25
      Jul 31, 10:26 AM
    • Robert Edwards: New low in NG just 4 minutes before report. Must be a big number to be announced, depressing NG
      Jul 31, 10:27 AM
    • Jeremy49: Agree Grow. If they don't lose faith now break of 1280 should do the trick. I'm even more bearish than before since we broke 200 day MA
      Jul 31, 10:28 AM
    • Jeremy49: But I will leave some powder dry in case RE is right and 1280 holds
      Jul 31, 10:29 AM
    • Robert Edwards: Now buying NG just before the report. Tricky!
      Jul 31, 10:30 AM
    • Robert Edwards: bullish afterall. Added just seconds before the report, to contracts owned before. Took half profits 3.844 Sept.
      Jul 31, 10:31 AM
    • Robert Edwards: Good advice Grow! Every time I get into NUGT, I buy too soon and have to endure a small or large bit of pain. Miners overextend to upside
      Jul 31, 10:33 AM
    • Robert Edwards: & especially to downside, so not wise to buy and hold NUGT/JNUG too soon. I will continue to scalp (daytrade) from long side but not hold
      Jul 31, 10:35 AM
    • Robert Edwards: over night until we get better confirmation of a bottom and right now, we are still falling.
      Jul 31, 10:35 AM
    • Robert Edwards: None of us are always right, I am wrong a lot. The secret to success is knowing how to manage the trade when you are wrong. I do enjoy
      Jul 31, 10:39 AM
    • Robert Edwards: followers expressing opposing views as it helps me temper my enthusiasm and open me up to other possibilities.
      Jul 31, 10:41 AM
    • Growfast: 100% agree. That is what is great about your forum. Excellent collaboration without folks who contribute working an agenda like other forums
      Jul 31, 10:49 AM
    • Growfast: Just trying to make money and improve their trading.
      Jul 31, 10:49 AM
    • Robert Edwards: I was shorting copper in 3.25s earlier and took profits in mid 3.24s & 3.23s but now fallen to mid 3.22s. I have been very lucky on these
      Jul 31, 10:58 AM
    • glaserdx: Good to see you back Grow. Next week look forward to aligning my trades more in line with themes of this forum.
      Jul 31, 10:59 AM
    • Growfast: RE, AMZN has been falling all morning after the big drop following earnings release. Intraday charts look almost like it may be a good time
      Jul 31, 10:59 AM
    • Growfast: to go long for short-term trade. You have any thoughts? Haven't been able to get myself to pull the trigger yet....
      Jul 31, 10:59 AM
    • Robert Edwards: copper turns, only getting direction bias wrong one time out of last 7 or 8 swings. Copper selloff makes me more bearish the stock market!
      Jul 31, 11:00 AM
    • vanebfbc: Big slump in Nasdaq, seems like perfect time to buy some lows for rebound play. Added a small position of TQQQ and see how it goes.
      Jul 31, 11:02 AM
    • Robert Edwards: DUST just made a new HOD but JDST has not. I still like DUST vs. JDST. If I was taking profits in JDST, I would only buy DUST back on dips
      Jul 31, 11:02 AM
    • Growfast: OK; just bought long position on AMZN using 3 week out 315 call options. Looking for a turn but going to keep a tight leash on this trade
      Jul 31, 11:04 AM
    • RCamuti: Sorry for any delay in my comments this morning all. After the employment data came out i was stuck in an office meeting.
      Jul 31, 11:11 AM
    • shopvac20: anyone know the injection # ? look like it had a bullish effect
      Jul 31, 11:12 AM
    • RCamuti: Been monitoring closely the action of the day though. RE thanks for the congrats, Grow & Jeremy, I am with you on my expectations for JDST.
      Jul 31, 11:12 AM
    • RCamuti: Depending on the close today, I may take some profits in JDST though. But I do expect that tomorrow will be a big sell day in the A.M.
      Jul 31, 11:12 AM
    • RCamuti: JNUG usually does well in the afternoon though, going into the weekend. Also, volume will be light tomorrow after the Jobs report.
      Jul 31, 11:13 AM
    • RCamuti: Due to traders leaving for the weekend. Fear trade will probably kick in for the weekend, due to geopolitics in Israel and Ukraine.
      Jul 31, 11:15 AM
    • RCamuti: I still dont understand the drop in JDST yesterday, but with all of these economic reports, JDST should be making a better run up, IMHO.
      Jul 31, 11:16 AM
    • Robert Edwards: The injection number came in at 88 when the consensus was 92. Not that bullish but heavy shorts get spooked very easily.
      Jul 31, 11:16 AM
    • Robert Edwards: Did not have time earlier to post it, but was going to say resistance in Sept NG is 3.865 & 3.895. We r in a trading range 3.70 to 3.90 so
      Jul 31, 11:19 AM
    • Robert Edwards: I am bullish under 3.80 Sept NG and more bearish above 3.80 and will not chase (only buy on weakness). Use the range to gauge UGAZ/DGAZ
      Jul 31, 11:20 AM
    • RCamuti: If GDXJ is still 2% down by 2:30, we could see the end of the day run up in JDST as rebalance of JNUG and JDST holdings kicks in.
      Jul 31, 11:21 AM
    • Robert Edwards: Sept NG stopped perfectly at resistance 3.865 and then made marginal new high at 3.869 and sold off to 3.83 so I recommend UGAZ profittaking
      Jul 31, 11:21 AM
    • Robert Edwards: If bearish NG, one could buy some DGAZ on today's strength for swing trade but realize if we hit 3.90 then u are wrong (time to take loss)
      Jul 31, 11:24 AM
    • rxraider: Nice rallies in JDST, $RUSS, and UGAZ! But, I'm still in the hole on JDST. Break even is $14. Not sure if I should sell some or hold.
      Jul 31, 11:24 AM
    • rxraider: Added small amount of $MNKD and $ARIA. Both are very speculative and could be binary.
      Jul 31, 11:27 AM
    • Robert Edwards: Raider, if you sell some JDST at 11, 12, 13, 14, 15, 16, & 17, it is the same as selling all at 14. In this scenario you can sell 1/7th at
      Jul 31, 11:28 AM
    • Robert Edwards: 11, 1/7th at 12, etc. Another way is to sell 1/4 at 11, 1/4 at 12, 1/4 at 16 & 1/4 at 17. If JDST never gets higher than 12 you dumped half
      Jul 31, 11:30 AM
    • Robert Edwards: at least and can then buy back cheaper to reposition. The 25% sale at 11, 25% sale at 12 is the way that I would play it.
      Jul 31, 11:31 AM
    • rxraider: Thanks RE. This JDST trade is my worst trade ever. Awful. Will sell some at 11 if it gets there today or tmrw.
      Jul 31, 11:33 AM
    • Robert Edwards: Raider, at some point gold will bottom, 1280, 1240, 1200, 1100, 1000, wherever. When it does, the Junior miners will rally the most off the
      Jul 31, 11:39 AM
    • Robert Edwards: bottom and all JDST traders will get hurt much worse than DUST, losing all their investment. The fact JDST is underperforming DUST is a
      Jul 31, 11:40 AM
    • Robert Edwards: bullish sign in my book. It we were as weak as some are saying, JDST should be outperforming DUST. Anyone else have thoughts on this?
      Jul 31, 11:41 AM
    • RCamuti: RE, that was the best explanation I have ever read as how sell some shares and still break even. Never really saw it written like that.
      Jul 31, 11:41 AM
    • RCamuti: Thank you for that clarification.
      Jul 31, 11:41 AM
    • RCamuti: Always understood what you meant, but never really seen it in black and white.
      Jul 31, 11:45 AM
    • rxraider: Sage advice, RE. Much appreciated. Hopefully JDST does catch up.
      Jul 31, 11:47 AM
    • RCamuti: RE, i read a report the other day going over how new supply of gold from mines is becoming more and more scarce, causing gold exploration &
      Jul 31, 11:47 AM
    • RCamuti: discovery to become more important. This would make the Junior Miners to be more susceptible to being bought by the bigger miners.
      Jul 31, 11:48 AM
    • RCamuti: Probably at a premium. And with the price of gold declining, finding newer and cheaper gold to mine would be vital to the big miners.
      Jul 31, 11:50 AM
    • Robert Edwards: Exactly RC. Buyouts of the Juniors or speculation of buyouts, makes owning JDST toxic, like radioactive! Don't have this problem with DUST
      Jul 31, 11:50 AM
    • Robert Edwards: In the future, big miners will have to rely on taking over smaller miners as a way to keep production levels steady. Increased output won't
      Jul 31, 11:52 AM
    • RCamuti: I am thinking that if the jobs report tomorrow doesn't cause gold to breach teh 1278 level then the bottom would be in for this week.
      Jul 31, 11:53 AM
    • Robert Edwards: likely happen even then as old mines are getting obsolete quickly and hardly any new big discoveries. Very bleak future makes for a bullish
      Jul 31, 11:54 AM
    • RCamuti: The only addition I have to the earlier comments I have RE about Supply, is that if the price declines to much, the juniors are not worth
      Jul 31, 11:55 AM
    • Robert Edwards: long-term bias for gold and very dangerous long-term being short gold. Only a short-term play for sure. In very long run inflation will
      Jul 31, 11:55 AM
    • RCamuti: buying either till the price stabilizes again. So how fast the price of gold declines, and by now much is very important right now.
      Jul 31, 11:56 AM
    • Robert Edwards: bail out the gold bug bulls. May take years, but if you can hold out, prices are heading higher and higher long-term
      Jul 31, 11:56 AM
    • RCamuti: Dollar strength & higher interest rates, can be very damaging to the gold miners right now. Even if this is seasonally a good time for gold.
      Jul 31, 11:57 AM
    • Robert Edwards: The fact that JDST is underperforming DUST, means we are indeed stabilizing in the price and they are starting to buy Juniors.
      Jul 31, 11:58 AM
    • RCamuti: RE, that is the speculation right now, but if the Dollar gets stronger and Interest rates rise, then Juniors might not be bought till a new
      Jul 31, 12:01 PM
    • RCamuti: bottom in gold is in place. Again, i agree that gold miners will rise again, but this downtrend will go longer than we originally thought.
      Jul 31, 12:02 PM
    • glaserdx: I have no position in NUGT; DUST; JNUG; etc. Looking fwd to RE article but any suggestion on entry points on any of these ETFs?
      Jul 31, 12:07 PM
    • glaserdx: Was looking at MNKD short puts but I think I will wait until they report on 8/7.
      Jul 31, 12:22 PM
    • RCamuti: in my last post, i didnt mean to type "will go longer" i meant "may go longer".
      Jul 31, 12:23 PM
    • Growfast: Nice pullback on the DOW. Getting close to oversold. Somewhere in the oversold range, probably a good place to go long with DDM or UDOW -
      Jul 31, 12:25 PM
    • Growfast: 2X and 3X long ETFs. Once bottoming and turn appears to be beginning.
      Jul 31, 12:25 PM
    • oneotherfool: Guys, any opinion about $FEYE? 2 more trading days before earnings. Any thoughts one way or the other? Not down too much today, considering.
      Jul 31, 12:40 PM
    • Gettin'Long: One more dip in gold with JDST around 11.40 or so, sell some deep ITM covered calls expecting a rebound next week
      Jul 31, 1:01 PM
    • Robert Edwards: NUGT got right down there near 42.00 support with LOD 42.19, so maybe we bounce a bit towards end of day
      Jul 31, 1:18 PM
    • Gettin'Long: JDST keeps underperforming, when everybody flips to bear side it will run up very quickly. One more strong move in gold would do it I think
      Jul 31, 1:27 PM
    • Jeremy49: Gettin'Long I agree...drop below 1280 and bear side takes over and JDST to 15 at some point
      Jul 31, 1:31 PM
    • Growfast: JDST is definitely a tricky trade. RE has referred to this before. But, I still think we have opportunity to capitalize on coming up.
      Jul 31, 1:40 PM
    • Growfast: AMZN finally getting some buys, making the turn. Looking like this may turn out to be a good short-term trade....we'll see.
      Jul 31, 1:40 PM
    • zaw77: Grow - I got your AMZN call at $8 so in green now, how short you think here ?
      Jul 31, 1:42 PM
    • Jeremy49: JDST tricky when holding too long. Great for teeter totter morning scalps with the big swings. I see why Lefty just goes fishing after
      Jul 31, 1:44 PM
    • Jeremy49: morning JDST/JNUG teeter totter. Most of my gains occur in first two hours with teeter totter. If I hold longer I have to be right about
      Jul 31, 1:45 PM
    • Jeremy49: direction in gold/miners...not as easy to do of course
      Jul 31, 1:46 PM
    • Toastypro: Awesome day for UGAZ and DUST. One more day like this tomorrow?
      Jul 31, 1:46 PM
    • nick1913: WILL $UGAZ go down below 14?
      Jul 31, 1:53 PM
    • RCamuti: Toasty, I think tomorrow after the report, we can get one more strong pop in DUST/JDST, but i am not sure if it will last throughout the day
      Jul 31, 1:56 PM
    • RCamuti: RE, with a 1% drop in gold today, what % increase would you have expected from JDST?
      Jul 31, 1:58 PM
    • glaserdx: Grow- how about AAPL?
      Jul 31, 2:07 PM
    • Robert Edwards: 1% drop in gold is equal to 2% pop in DUST or 2 1/2% pop in JDST.
      Jul 31, 2:14 PM
    • Toastypro: Thx, I was thinking in same line as yours, RC. I'll wait another gold down day before pulling the trigger. These ETFs, timing is everything.
      Jul 31, 2:15 PM
    • Robert Edwards: Shorted NG against 3.89 resistance and bailed out too soon. NG finally remembered it is a skank and sold off hard going into 2:30 EST close
      Jul 31, 2:15 PM
    • Growfast: Glaser, AAPL has been on a good run. I had traded it a few times recently. Ideally, could buy long when price hits VMA on daily chart of
      Jul 31, 2:21 PM
    • Growfast: around 91.37, but if markets bottom and start to rebound, whatever price it is running if still well below highs may provide more upside
      Jul 31, 2:21 PM
    • Robert Edwards: Bot gold twice 1283.20 for $1 scalp, and on last dip, did 3rd scalp at 1282.20 and bottomed 1281.30 and back to 1284. Gold needs to move
      Jul 31, 2:23 PM
    • Robert Edwards: above 1285 and then 1290 to bring some stability
      Jul 31, 2:23 PM
    • Robert Edwards: Told RC yesterday, not getting back above 1300 in afternoon trading was definitely a negative sign. Did not move above 1300 overnight & now
      Jul 31, 2:25 PM
    • RCamuti: RE, sorry to question. but are those number for DUST & JDST right? Or are they for GDX & GDXJ?
      Jul 31, 2:27 PM
    • RCamuti: I am still thinking that tomorrow Gold & Gold Miners will bottom out for the short term. We anticipated this trading action since last week.
      Jul 31, 2:30 PM
    • RCamuti: Only real disappointment is that JDST didnt hold its gains from yesterday.
      Jul 31, 2:30 PM
    • rxraider: Glaser, I went long AAPL at $95 with half position. Will add on weakness. New product launch in Sept, will be on everyone's Christmas list.
      Jul 31, 2:32 PM
    • Robert Edwards: we r falling out of bed today. Need to get back above 1285 & then 1290 to bring stability to gold
      Jul 31, 2:38 PM
    • Robert Edwards: Correct RC, multiply by 3 to get JDST and DUST so 1% drop in gold equals 6% pop in DUST and 7 1/2% pop in JDST. Sorry, my bad!
      Jul 31, 2:41 PM
    • Robert Edwards: Had a great day in Nat Gas & Copper, but I was too bullish in gold so far. Are they already factoring in strong employment number today?
      Jul 31, 2:44 PM
    • Robert Edwards: If so, then we could actually get a gold rally tomorrow, even with a strong number. Then again, we could get knocked down more tomorrow
      Jul 31, 2:45 PM
    • Robert Edwards: Looks like 1280 or even 1278 in December Gold is a foregone conclusion, but with weakness now, much better chance of post report rally
      Jul 31, 2:47 PM
    • Robert Edwards: Without expectations of a strong employment number, gold probably not be this weak. Down several days, oversold, could pop just from that
      Jul 31, 2:49 PM
    • Robert Edwards: Would be curious what others are thinking about what tomorrow will bring in Dec Gold both pre and post report.
      Jul 31, 2:50 PM
    • RCamuti: The question is when to sell the short positions. Might be safer to Teeter tomorrow so you dont miss the move in either direction.
      Jul 31, 2:51 PM
    • RCamuti: The slow and steady climb in DUST & JDST is a positive sign to me in the trading pattern. No extreme moves up or down today.
      Jul 31, 2:52 PM
    • RCamuti: I think we will get the etf rebalancing pop today in JDST & DUST going into the close. Good time to lock in the gains we got today.
      Jul 31, 2:53 PM
    • Jeremy49: RC...I am looking for a sell off into the close with pop in JDST above 11 to sell all trading shares. If gold drops below 1280 overnight
      Jul 31, 2:58 PM
    • Jeremy49: I'll def look for a place to reload tomorrow morning in JDST as sentiment may switch and sell before miners pop at end of day
      Jul 31, 3:00 PM
    • Jeremy49: RE...you still bullish miners if gold drops below 1278? What is next support level below that? Thanks as always.
      Jul 31, 3:02 PM
    • Robert Edwards: When it takes longer to scroll down than to post, time to start a new thread, LOL! Will start new thread now.
      Jul 31, 3:08 PM
    • Robert Edwards: I will answer your question Jeremy on the new thread.
      Jul 31, 3:09 PM
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