• Robert Edwards
    Teeter/Totter Continues In $GDX, $GLD, $GDXJ, $NUGT, $DUST, $JNUG, $JDST. Also In $UGAZ & $DGAZ, Watching $CLF, $TSLA, $FEYE, $TWTR, $NFLX
    7/27/14
    Reply (555)
    • Robert Edwards: New Gold Article, Click http://seekingalpha.com/p/1ufp9
      7/27/14
    • Robert Edwards: New article on the other markets, click http://seekingalpha.com/p/1ug8p
      7/27/14
    • Growfast: Should have some good opportunities this week with increased volatility. Thanks for the articles, RE.
      7/27/14
    • 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.
      7/27/14
    • rxraider: Thanks Robert. I'm looking to build a position in UGAZ soon.
      7/27/14
    • Robert Edwards: Over the weekend Goldman Sachs came out with bearish prediction for Nat Gas, click http://bloom.bg/1rsFRi8
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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!
      7/28/14
    • 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!
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: back to the 1:30 p.m. EST closing price of unchanged ($1303.30).
      7/28/14
    • donnavet4pet: Market manipulation is not fair play. No integrity. Well at least there is an explanation for the unpredictable price movement of Nat Gas.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: If I was in DGAZ then I would be unloading and switching to the UGAZ trade.
      7/28/14
    • 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.
      7/28/14
    • Robert Edwards: Just sold Sept Copper 3.2500, after adding on dip to 3.2265 low during the night.
      7/28/14
    • Robert Edwards: Sold my Dec Gold for $1.80 scalp ($180). May buy again on weakness.
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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?
      7/28/14
    • RCamuti: Or should I let the day progress and see how things develop during the course of the trading day?
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: DUST & JDST. So far, not much movement, but gold is a bit bouncy.
      7/28/14
    • Robert Edwards: Even Avi, a gold bear, is leaving room to allow gold to rally some, click http://seekingalpha.com/a/1e9xx
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • Growfast: Got fill on TZA puts.
      7/28/14
    • Robert Edwards: Bot Sept Nat Gas 3.798
      7/28/14
    • Robert Edwards: bot another Sept Nat Gas 3.770 so ave. is 3.784
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: contract back at 3.755, lowering my average price. Very Skanky Nat Gas prices in here. So what is new?
      7/28/14
    • RCamuti: RE, the soothsayer right again on the gold miners.
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • Lefty6x6: nat gas is stinky !
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: sold my 3.755 Nat Gas contract at 3.772 so I now have the high contract at 3.798
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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?
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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-
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • rxraider: Today would be a great Lefty's teeter totter trade day for DGAZ/UGAZ.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • Toastypro: Third down for UGAZ at 13.55
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • rxraider: Placed another buy order for UGAZ at 13.55, good til Friday.
      7/28/14
    • rxraider: $MNKD dropping down to interesting levels if a partnership or similar good news is announced soon for their inhalation insulin.
      7/28/14
    • RCamuti: Have a buy order for JDST @ 9.30 for one of my two tranche's remaining to buy.
      7/28/14
    • RCamuti: Will hold the rest to see if there is further weakness tomorrow in the A.M.
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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?
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • Robert Edwards: U are right about the partnership news Raider, click http://bit.ly/UsgJNI
      7/28/14
    • 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.
      7/28/14
    • RCamuti: JDST stuck @ 9.50. May have to bump up my price if this continues
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • rxraider: RE, agreed, and thanks for the link. Typical crazy spec biotech stock Could drop to $5/share, could rise to $20.
      7/28/14
    • 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
      7/28/14
    • RCamuti: would you not be buying on weakness today then if it hits 9.30 and just wait till tomorrow?
      7/28/14
    • Robert Edwards: I am wanting to join you on the short side but I am waiting another day for better prices.
      7/28/14
    • RCamuti: just saw your last post.
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • Robert Edwards: get the gold pop, JDST could fall more, but then as gold falls back a bit, rally back above 10 very quickly.
      7/28/14
    • skysurfer83: Prediction on NG for tomorrow?
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • RCamuti: Saw JDST dropping very sharply, changed the order to $9 even for JDST
      7/28/14
    • 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.
      7/28/14
    • skysurfer83: did u buy RC? 9.22 right now?
      7/28/14
    • skysurfer83: last 5 min rally... my 9.2 order didnt fill :(
      7/28/14
    • RCamuti: Listened to the advice of many and decided to keep the powder dry for one more day.
      7/28/14
    • RCamuti: Since I am not a technical analyst, i will listen to the wiser traders who have more experience from time to time.
      7/28/14
    • 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
      7/28/14
    • RCamuti: Could have made a few bucks at the close though had i bought.
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • skysurfer83: I got all excited when it went down but my order (only 300 shares) didnt fill
      7/28/14
    • 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
      7/28/14
    • skysurfer83: oh well, Im trusting RE and will prob add tomorrow am, maybe close to 9 even...possibly new 52week low under 8.75?
      7/28/14
    • 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
      7/28/14
    • 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.
      7/28/14
    • glaserdx: Am waiting on MNKD as management announcement re: partner may be the trigger for R.E.'s spike
      7/28/14
    • glaserdx: rxraider - what do you think of GILD at these levels?
      7/28/14
    • 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
      7/28/14
    • glaserdx: OK, thanks Robert; I was thinking along the same lines; will put it on the watch list
      7/28/14
    • 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.
      7/28/14
    • 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
      7/28/14
    • 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!
      7/28/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • Toastypro: Wonder if anyone has been unwinding holdings due to the "market fear" it may correct severely and major turbulence ahead. Sidelines anyone?
      7/29/14
    • glaserdx: Toast- in my IRA have increased cash; trading account seprate
      7/29/14
    • 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
      7/29/14
    • glaserdx: JDST down 3% premarket to ~ $9.30
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: Now need to watch and see if Aug Gold can hold above $1300. $1300 is pivot price of great importance.
      7/29/14
    • skysurfer83: broke through the 1300
      7/29/14
    • 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?
      7/29/14
    • 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
      7/29/14
    • RCamuti: in today? Or has that ship sailed?
      7/29/14
    • Growfast: Sold out of TZA short puts for 26% profit.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • RCamuti: Bought JDST @ 9.90. Current avg. price is now 12.22
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • RCamuti: days. This is based largely on speculation of an improved GDP Report, Employment Improvement & FOMC announcement.
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: Should be able to buy CLF again at lower prices, between 15 & 16
      7/29/14
    • 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%
      7/29/14
    • Robert Edwards: I want to go short gold but would like to do it between $1317.50 to $1327.50 in Dec Gold.
      7/29/14
    • 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?
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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.
      7/29/14
    • Lefty6x6: looking to unload yesterdays JDST (9.50) @ 10.25 or better.
      7/29/14
    • Robert Edwards: I am much more bullish if Dec Gold closes above $1305 today, much more bearish if we close below $1300.
      7/29/14
    • donnavet4pet: Lefty.....My yesterday's JDST @ 9.66 would be good to go, too.
      7/29/14
    • RCamuti: RE, are you in agreement that gold support levels are now @ 1296, 1292, 1287, 1280, 1278, & 1244? Or are you seeing different levels?
      7/29/14
    • 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.
      7/29/14
    • Lefty6x6: thinking I might join raider in UGAZ here around 13.50
      7/29/14
    • 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,
      7/29/14
    • 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.
      7/29/14
    • skysurfer83: thinking the same, my $5 DGAZ order didnt sell re positioned at 4.98 and will switch to UGAZ at that point.
      7/29/14
    • Lefty6x6: decided to sell @ 10.10 to reload. a gain is a gain....
      7/29/14
    • donnavet4pet: CLF had great shareholder support news and just pierced through $17.00
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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!
      7/29/14
    • 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!
      7/29/14
    • skysurfer83: JDST is not moving that much in comparison to aug gold been down to 1297
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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.
      7/29/14
    • zaw77: I am still holding CLF since lows, going to start sell above 18.
      7/29/14
    • skysurfer83: Dec gold also fell below 1300. What do you forsee now RE?
      7/29/14
    • 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.
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • Robert Edwards: Nat Gas up 1/2 a cent at 3.770 Sept. Maybe we get an up day. Too early to say
      7/29/14
    • Robert Edwards: Hope the Nat Gas rally did not start too early. Nears high of day 3.794
      7/29/14
    • 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
      7/29/14
    • RCamuti: Based mostly on the data t hat would be coming out this week.
      7/29/14
    • Robert Edwards: New HOD, to above 3.800 and we are rallying today and confirming the gravestone market candlestick pattern of yesterday.
      7/29/14
    • RCamuti: The seasonal uptrend of gold starts August & last till Oct./Nov. You are right regarding gold being propped by the other metals & geopolitic
      7/29/14
    • 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?
      7/29/14
    • Robert Edwards: On blowout to new highs, took partial profits due to skankiness of NG.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: a soft default is a strategic move similar to companies declaring bankruptcy to gain favor in negotiating with creditors.
      7/29/14
    • RCamuti: I figured you would say that, just figured I would ask. I was wondering what kind of reaction gold had in the past.
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: rallying or does gold come back some and JDST tops out at 10.50 to 11?
      7/29/14
    • 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.
      7/29/14
    • dscassel: Can anyone explain what happened at 1:39 ET that caused NG to jump suddenly?
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • 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.
      7/29/14
    • donnavet4pet: So is it too late today to get on board the UGAZ rally?
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: the process of developing a trading system utilizing the volume spike information. So far things are looking very promising. The system has
      7/29/14
    • 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
      7/29/14
    • 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".
      7/29/14
    • 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
      7/29/14
    • dscassel: Thanks for the info, RE! ...The widow maker, indeed.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • rxraider: Enjoying rallies in $ARIA, $IONS, $JDST, $RUSS, and $UGAZ. The rest of the week should be interesting.
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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?
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • 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
      7/29/14
    • Robert Edwards: sounds like a plan Lefty!
      7/29/14
    • 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
      7/29/14
    • 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.
      7/29/14
    • vanebfbc: TWTR exploded 30%+ AH on earning beat and good guidance. That's crazy!
      7/29/14
    • Robert Edwards: Just noticed that. TWTR hit high at 52.60s and now just under 49.60s
      7/29/14
    • 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
      7/29/14
    • 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
      7/30/14
    • Robert Edwards: 4 % GDP so gold slips and copper explodes up. I was long copper so very happy with that
      7/30/14
    • zaw77: GDP at 4 % - supporting for $DUST/$JDST holders like me.
      7/30/14
    • zaw77: Gold down to 1292 area, does it drop more to 1287
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • Robert Edwards: gold now lost all the strength and it down again. Very back and forth today, both up and down as predicted.
      7/30/14
    • skysurfer83: DGAZ back up in pre-market, do you think its time to start building in UGAZ or wait till after report tomorrow?
      7/30/14
    • 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
      7/30/14
    • Robert Edwards: could drop another 30 cents, as the prudent approach. A small position fine but still no confirmation of a turnaround to upsdie
      7/30/14
    • 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
      7/30/14
    • Robert Edwards: I like buying on dips and taking profits on small pops until we get some momentum going to the upside.
      7/30/14
    • fwsk: buy jnug on dips, going to 28s soon.
      7/30/14
    • 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
      7/30/14
    • RCamuti: benchmark we will be referring too when looking to make our gold/gold miner investing decisions?
      7/30/14
    • RCamuti: Or do we still refer to the the closest month ahead?
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • RCamuti: So we wouldn't want to use September Futures when looking near term in trading gold related stocks?
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • RCamuti: Obviously the taper will continue, and they will probably discuss normalization a little more. But if anything Hawkish talk will seep in.
      7/30/14
    • 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.
      7/30/14
    • RCamuti: Especially since unemployment and GDP have grown so significantly. I do expect GDP to be revised down a tax in the monthly revisions.
      7/30/14
    • 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
      7/30/14
    • 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)
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • RCamuti: All news this week in my opinion will continue to put strength into the dollar.
      7/30/14
    • 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
      7/30/14
    • 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)
      7/30/14
    • RCamuti: Thanks for the tip on which benchmark to look at. I was not aware of there being certain months futures favor over others.
      7/30/14
    • 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 ?
      7/30/14
    • Robert Edwards: below 1300 can scalp from long side, above 1300 scalp from the short side, would be my suggestion for scalps.
      7/30/14
    • Robert Edwards: bot Sept NG in 3.75s, and sold out 3.78s, just bot again 3.764 and will add on more weakness.
      7/30/14
    • shopvac20: Thanks RE, will make some plays today for some "quick" scalps :)
      7/30/14
    • 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
      7/30/14
    • dan1981: Hey RE ! Any outlook on coal ?
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • dan1981: Thanks! Do u see an entry in aci ?
      7/30/14
    • Robert Edwards: took half profits of Sept Nat Gas 3.77s, will sell rest in 3.78s if we rally that high
      7/30/14
    • glaserdx: 1303
      7/30/14
    • Robert Edwards: Palladium is 881.35. No end to the strength in palladium and other metals
      7/30/14
    • zaw77: I am sold 60% JDST with avg. 10.72 and bought $JNUG avg. 25.25, so now 40% JDST and 60% in JNUG
      7/30/14
    • glaserdx: nice adjustment zaw
      7/30/14
    • Steven Couche: $1285.10 -- everybody here is bullish :)
      7/30/14
    • RCamuti: I am thinking December Gold is going to close to the downside after the Fed Release, 1289.
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • Jeremy49: I think gold wants to go down...but perhaps I am biased in here.
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • Jeremy49: Where is Grow? Last week he thought gold would at some point break to the downside below 1287. Wonder what he thinks now
      7/30/14
    • 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?
      7/30/14
    • 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
      7/30/14
    • 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?
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • Robert Edwards: I can trade on it, LOL!
      7/30/14
    • RCamuti: RE: Prior Month - 288,000, Consensus - 233,000, Consensus Range 200,000 to 280,000.
      7/30/14
    • AlphaOne777: Thanks RE....I hope Janet is nice today! ;-)
      7/30/14
    • 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
      7/30/14
    • 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.
      7/30/14
    • shopvac20: RE ... any thoughts on PBA ?? Pembina Pipeline Corp
      7/30/14
    • 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
      7/30/14
    • 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?
      7/30/14
    • 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.....
      7/30/14
    • RCamuti: JDST down on the day now.
      7/30/14
    • RCamuti: Gold gaining strength, will it close about 1300?
      7/30/14
    • 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)
      7/30/14
    • RCamuti: Now up on the day. Market still digesting report. Inflation talk was a little more hawkish.
      7/30/14
    • RCamuti: And down again.
      7/30/14
    • 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.
      7/30/14
    • 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
      7/30/14
    • RCamuti: Gold still saying around 1296. Does it mean anything if it doesnt close above 1300 RE?
      7/30/14
    • 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!
      7/30/14
    • zaw77: Took some profit on JNUG and bought some JDST back, now 80% JDST and 20% JNUG - so far works for me.
      7/30/14
    • 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.
      7/30/14
    • Robert Edwards: Depends on action going into close more than actual closing price, RC. Not trading above 1300 this afternoon is bearish for sure.
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • RCamuti: After seeing this days trading action, I feel like I know absolutely nothing about trading and market behavior. Nothing makes sense.
      7/30/14
    • 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
      7/30/14
    • RCamuti: The dollar keeps on pushing toward new highs and pushing past resistance and approaching the next resistance levels. Not far from 52wk hi.
      7/30/14
    • 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
      7/30/14
    • RCamuti: JDST is attempting a post FOMC reversal positive again.
      7/30/14
    • Robert Edwards: Friday's employment report. Could get a selloff late Thursday going into the Friday morning employemnt number
      7/30/14
    • 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
      7/30/14
    • 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,
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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?
      7/30/14
    • 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
      7/30/14
    • Robert Edwards: soon and will return. We miss his input. Drop us a line Grow, when you can!
      7/30/14
    • RCamuti: RE, dollar index is still climbing putting further pressure on gold, should cap any gains gold can make today.
      7/30/14
    • 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.
      7/30/14
    • 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-
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • skysurfer83: RUSS took a beating today, do you think further sanctions will make it go up or its slowly gonna retreat?
      7/30/14
    • skysurfer83: placed buy order at 9.85 on JDST, lets see if it trigger
      7/30/14
    • 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
      7/30/14
    • RCamuti: till then.
      7/30/14
    • zaw77: Bid of $JDST at $10 above 1000 - hmm promissing
      7/30/14
    • 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.
      7/30/14
    • zaw77: RC thats also my plan, we will see if works
      7/30/14
    • zaw77: I vote JDST Close at 10.50 and you ;-)
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • 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
      7/30/14
    • zaw77: sorry, I thought 10.05 ;-)
      7/30/14
    • zaw77: hear you guys tomorrow, have a nice afternoon
      7/30/14
    • 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.
      7/30/14
    • RCamuti: I probably will not be trading Juniors as much in the future after i unwind my JDST position.
      7/30/14
    • RCamuti: zaw you were really close with the 10.05 close, even 10.
      7/30/14
    • 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
      7/30/14
    • skysurfer83: but i can lower my loss as i reposition into NUGT friday w you guys, as usual thx for god insight
      7/30/14
    • glaserdx: WFM's EPS hit whisper # but s-dropped driving the shares down 5%+ AH. Will see what happens tommorrow on options expiry
      7/30/14
    • glaserdx: s - is same store sales
      7/30/14
    • Robert Edwards: don't u hate it when u beat earnings and they drop the stock hard anyway
      7/30/14
    • Robert Edwards: dec gold ended 1297.10, pretty pathetic but could have been worse.
      7/30/14
    • 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.
      7/30/14
    • RCamuti: Till tomorrow everyone.
      7/30/14
    • 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.
      7/31/14
    • rxraider: But, gold (and nat gas) don't move on logic unfortunately.
      7/31/14
    • Lefty6x6: raider : no, they certainly do NOT !
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: Outsized sell order overwhelmed gold in premarket, knocking down to 1286 area in Dec Gold. Congratulations RC! Well, bounced a bit & had
      7/31/14
    • 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
      7/31/14
    • 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!
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • skysurfer83: anyone still holding on JDST or sold out already?
      7/31/14
    • 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
      7/31/14
    • Jeremy49: 1280 for short/intermediate term sentiment to change to bearish in miners
      7/31/14
    • glaserdx: closed out WFM puts for nice profit
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • Jeremy49: Agree with Grow...just broke 200 day MA which to me is significant. I think there is room lower as well.
      7/31/14
    • Steven Couche: I'm guessing 1260 by the weekend in gold. People have turned bullish and this gold trade has been humbling for months.
      7/31/14
    • zaw77: I am still holding but would like to sell 50% at $10.7 and rest near $11
      7/31/14
    • Growfast: 12+ is my target on JDST. When we break 1250 and are headed for 1200, JDST should pop nicely.
      7/31/14
    • 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
      7/31/14
    • Growfast: already gone long and that may fuel the fire going lower.
      7/31/14
    • Steven Couche: What's the timeline on that grow...next week 1250 gets broken?
      7/31/14
    • Growfast: But, I'm prepared to change my opinion if the action suggests we are ready to make a turn.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: Welcome back Grow! We all missed your comments!
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Growfast: to find every reason to go long every time there is some minor pullback.
      7/31/14
    • 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
      7/31/14
    • Growfast: dive in and move pricing.
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: New low in NG just 4 minutes before report. Must be a big number to be announced, depressing NG
      7/31/14
    • 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
      7/31/14
    • Jeremy49: But I will leave some powder dry in case RE is right and 1280 holds
      7/31/14
    • Robert Edwards: Now buying NG just before the report. Tricky!
      7/31/14
    • Robert Edwards: bullish afterall. Added just seconds before the report, to contracts owned before. Took half profits 3.844 Sept.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: over night until we get better confirmation of a bottom and right now, we are still falling.
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: followers expressing opposing views as it helps me temper my enthusiasm and open me up to other possibilities.
      7/31/14
    • Growfast: 100% agree. That is what is great about your forum. Excellent collaboration without folks who contribute working an agenda like other forums
      7/31/14
    • Growfast: Just trying to make money and improve their trading.
      7/31/14
    • 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
      7/31/14
    • glaserdx: Good to see you back Grow. Next week look forward to aligning my trades more in line with themes of this forum.
      7/31/14
    • 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
      7/31/14
    • Growfast: to go long for short-term trade. You have any thoughts? Haven't been able to get myself to pull the trigger yet....
      7/31/14
    • 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!
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • RCamuti: Sorry for any delay in my comments this morning all. After the employment data came out i was stuck in an office meeting.
      7/31/14
    • shopvac20: anyone know the injection # ? look like it had a bullish effect
      7/31/14
    • 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.
      7/31/14
    • 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.
      7/31/14
    • RCamuti: JNUG usually does well in the afternoon though, going into the weekend. Also, volume will be light tomorrow after the Jobs report.
      7/31/14
    • RCamuti: Due to traders leaving for the weekend. Fear trade will probably kick in for the weekend, due to geopolitics in Israel and Ukraine.
      7/31/14
    • 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.
      7/31/14
    • Robert Edwards: The injection number came in at 88 when the consensus was 92. Not that bullish but heavy shorts get spooked very easily.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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)
      7/31/14
    • 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.
      7/31/14
    • rxraider: Added small amount of $MNKD and $ARIA. Both are very speculative and could be binary.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • rxraider: Thanks RE. This JDST trade is my worst trade ever. Awful. Will sell some at 11 if it gets there today or tmrw.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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?
      7/31/14
    • 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.
      7/31/14
    • RCamuti: Thank you for that clarification.
      7/31/14
    • RCamuti: Always understood what you meant, but never really seen it in black and white.
      7/31/14
    • rxraider: Sage advice, RE. Much appreciated. Hopefully JDST does catch up.
      7/31/14
    • 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 &
      7/31/14
    • RCamuti: discovery to become more important. This would make the Junior Miners to be more susceptible to being bought by the bigger miners.
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • Robert Edwards: The fact that JDST is underperforming DUST, means we are indeed stabilizing in the price and they are starting to buy Juniors.
      7/31/14
    • 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
      7/31/14
    • 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.
      7/31/14
    • 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?
      7/31/14
    • glaserdx: Was looking at MNKD short puts but I think I will wait until they report on 8/7.
      7/31/14
    • RCamuti: in my last post, i didnt mean to type "will go longer" i meant "may go longer".
      7/31/14
    • 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 -
      7/31/14
    • Growfast: 2X and 3X long ETFs. Once bottoming and turn appears to be beginning.
      7/31/14
    • 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.
      7/31/14
    • Steven Couche: One more dip in gold with JDST around 11.40 or so, sell some deep ITM covered calls expecting a rebound next week
      7/31/14
    • 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
      7/31/14
    • Steven Couche: 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
      7/31/14
    • Jeremy49: Gettin'Long I agree...drop below 1280 and bear side takes over and JDST to 15 at some point
      7/31/14
    • 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.
      7/31/14
    • 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.
      7/31/14
    • zaw77: Grow - I got your AMZN call at $8 so in green now, how short you think here ?
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Jeremy49: direction in gold/miners...not as easy to do of course
      7/31/14
    • Toastypro: Awesome day for UGAZ and DUST. One more day like this tomorrow?
      7/31/14
    • nick1913: WILL $UGAZ go down below 14?
      7/31/14
    • 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
      7/31/14
    • RCamuti: RE, with a 1% drop in gold today, what % increase would you have expected from JDST?
      7/31/14
    • glaserdx: Grow- how about AAPL?
      7/31/14
    • Robert Edwards: 1% drop in gold is equal to 2% pop in DUST or 2 1/2% pop in JDST.
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: above 1285 and then 1290 to bring some stability
      7/31/14
    • 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
      7/31/14
    • RCamuti: RE, sorry to question. but are those number for DUST & JDST right? Or are they for GDX & GDXJ?
      7/31/14
    • 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.
      7/31/14
    • RCamuti: Only real disappointment is that JDST didnt hold its gains from yesterday.
      7/31/14
    • 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.
      7/31/14
    • Robert Edwards: we r falling out of bed today. Need to get back above 1285 & then 1290 to bring stability to gold
      7/31/14
    • 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!
      7/31/14
    • 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?
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Robert Edwards: Without expectations of a strong employment number, gold probably not be this weak. Down several days, oversold, could pop just from that
      7/31/14
    • Robert Edwards: Would be curious what others are thinking about what tomorrow will bring in Dec Gold both pre and post report.
      7/31/14
    • 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.
      7/31/14
    • 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.
      7/31/14
    • 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.
      7/31/14
    • 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
      7/31/14
    • 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
      7/31/14
    • Jeremy49: RE...you still bullish miners if gold drops below 1278? What is next support level below that? Thanks as always.
      7/31/14
    • Robert Edwards: When it takes longer to scroll down than to post, time to start a new thread, LOL! Will start new thread now.
      7/31/14
    • Robert Edwards: I will answer your question Jeremy on the new thread.
      7/31/14
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