• Robert Edwards
    Looking for top soon in $GDX, $NUGT, $JNUG, balancing $JDST, $DUST. Buying $UGAZ, not $DGAZ. Watching $FEYE, $GRPN, $CLF, $TSLA, etc
    8/7/14
    Reply (376)
    • Robert Edwards: Here is a day trader looking to short gold on this rally: http://bit.ly/1pDnUxG
      8/7/14
    • Robert Edwards: The stock market? The S&P is looking like it might break below 1910 support and could fall 1.5% to 1880 where I would look to likely buy
      8/7/14
    • Robert Edwards: They are selling crude oil apparently because the slowdown in Europe & possibly U.S. over Russia sanctions, could reduce world oil demand.
      8/7/14
    • Robert Edwards: Gold is getting no love in Asia. Will see how things play out when Europe opens. Euro not rallying and could fall more, making gold slip
      8/7/14
    • Robert Edwards: I want to buy GRPN on dips below 6.00, adding more on weakness. Will probably trade 5.75 to 6.50 for awhile but swing higher intraday.
      8/7/14
    • WahahazZz: I believe Draghi is coming out tomorrow, his statement might create a dip in gold due to inflation concern in EU. EUR might drop, USD pop.
      8/7/14
    • Robert Edwards: I just love the copper market. Overnight it rallied to above 3.18 where I could take nice profits and today dipped to low 3.16s and bot
      8/7/14
    • Robert Edwards: again with partial profits taken in 3.17s. Same prices are crossed back and forth, over and over and I can put the same trade prices in &
      8/7/14
    • Robert Edwards: repeat a winning trade several times before copper breaks out to a new range. Unlike skanky Nat Gas & sometimes skanky gold, price levels
      8/7/14
    • Robert Edwards: in copper are meaningful and I feel comfortable holding a position overnight without worrying about a violent move going against me.
      8/7/14
    • Robert Edwards: This is report day & it is a crap shoot which way Nat Gas will go but I recommend not positioning prior to the report in case you pick wrong
      8/7/14
    • Robert Edwards: I am looking for either a rally in Nat Gas today post report, or a dip that gets bought back up and nat gas closes higher today. I hope to
      8/7/14
    • Robert Edwards: be a buyer of nat gas on any weakness and may even buy on strength if I can find a spot to get long safely. Should move above 4.00 soon.
      8/7/14
    • shopvac20: any thoughts on FEYE today ?
      8/7/14
    • Robert Edwards: Palladium is strong today so they are back to buying Palladium and the other metals and selling gold against it, causing some dips n gold.
      8/7/14
    • Robert Edwards: but I am amazed how resilient gold is today, snapping back up after every small selloff.
      8/7/14
    • Robert Edwards: I sold out of GRPN yesterday at 6.24 and want to buy again today, hopefully below $6. I don't want to chase GRPN and want to buy on diips
      8/7/14
    • Robert Edwards: Nat GAs is nearly 3.97 in Sept, making new highs prior to the report. Why would they be buying unless they knew today's report was bullish?!
      8/7/14
    • Tatt2d: I was about to ask you about that...
      8/7/14
    • Tatt2d: Didn't that also occur prior to report only for it to go opposite direction after the report?
      8/7/14
    • Tatt2d: ..in prior weeks...
      8/7/14
    • Robert Edwards: After earnings smackdown FEYE fell hard on day #1. You are supposed to wait until day #3 to buy (Friday) but you might be able to get some
      8/7/14
    • Robert Edwards: early but be careful and realize FEYE could keep suffering selloffs until Friday. Somewhere it is probably a buy but I would be cautious.
      8/7/14
    • Robert Edwards: FEYE had good earnings, revenues and guidance but sentiment remains poor in the stock and lots of bears shorting.
      8/7/14
    • Robert Edwards: Bot small position GRPN 6.03, will keep buying on weakness.
      8/7/14
    • shopvac20: I grabbed some FEYE this morning pre market ... thinking it should be able to hit the mid 30s tomorrow or early next week.
      8/7/14
    • Robert Edwards: Added more GRPN 6.00, will add more every 6 cents lower.
      8/7/14
    • dan1981: RE wat top u see in gdx ? I am holding dec calls 26.00 strike price.
      8/7/14
    • glaserdx: I was considering opening a position in DUST but gold has not given up much of yesterday's gains as yet
      8/7/14
    • Growfast: FEYE getting a pop early, but agree with RE, I would watch for momentum shifts that may take it lower before stable bottom to rally from
      8/7/14
    • Growfast: JDST looking bullish on the chart here and Gold behaving the way we want. If it will break down now below 1300, could get the move to back
      8/7/14
    • Growfast: around 1280.
      8/7/14
    • Robert Edwards: I see GDX having significant resistance above 27, and 28 will top gains until gold moves above resistance of 1330 and then 1350.
      8/7/14
    • Robert Edwards: Maybe due to anticipation of seasonal strength kicking in, the miners have been stronger than one would expect and are trading slightly.
      8/7/14
    • Robert Edwards: with a premium that the miners could give back if the sentiment would turn bearish on settlement of world turmoil.
      8/7/14
    • Growfast: TNA nearing resistance at 69. May be good to take some profits. But, if it breaks through, could be some room to run up
      8/7/14
    • Growfast: Support now at 67.53, which would be a good buying area if we get back down to that level without market sell off
      8/7/14
    • Robert Edwards: In GRPN, I bought twice as many shares at 6.00 that I bot at 6.03 and then sold out my 6.03 shares at 6.09 but holding 6.00 shares for now
      8/7/14
    • Robert Edwards: Another new high in Nat Gas (Sept) to 3.981 which tells me the report will be bullish with quick move above $4 but still not buying early.
      8/7/14
    • Tatt2d: looking to buy $DGAZ after report, but will wait also
      8/7/14
    • Robert Edwards: Bot Sept Palladium 849.00 as it came down about $8 from overnight strength.
      8/7/14
    • Lefty6x6: also looking at GRP under 6 - in RAD @ 6 - in JDST @ 10 - may look at TZA below 16
      8/7/14
    • Robert Edwards: Had a buy order Sept NG at 3.925 but dropped to 3.933 so I missed it. It bounced 4 cents off the low had I put my order in 1 cent higher.
      8/7/14
    • Robert Edwards: The post report weakness shows the pre-report strength should have been faded, but I still don't like to guess since so close to 4.00.
      8/7/14
    • Robert Edwards: we might get a buy spot later today where NG stops going down and snaps back.
      8/7/14
    • shopvac20: what was the injection # ? where is this actually published,, anyone know ?
      8/7/14
    • shopvac20: nat gas is trying to find support at 3.95 ... see where the bulls want the price
      8/7/14
    • donnavet4pet: I set my limit orders for UGAZ too low this time and last week set them too high for DGAZ. Maybe next week I will do better.
      8/7/14
    • RCamuti: I am still liking the JDST at the present moment. Gold is being held up today by the other metals. JNUG exploded yesterday but gold hit
      8/7/14
    • Robert Edwards: I missed NG buy too, very hard to predict. Next time will get too high again. Too unpredictable.
      8/7/14
    • RCamuti: solid resistance @ 1310 and could break to the down side, especially as the Euro weakens and if tensions in Ukraine ease.
      8/7/14
    • Robert Edwards: you can get injection number from government site about the quickest and later on yahoo commodity news and at firstenercastfinancial.com
      8/7/14
    • Robert Edwards: Number came in at 82, check http://1.usa.gov/ofCrGW What was expected 84?
      8/7/14
    • RCamuti: Might add more JDST if price reaches 10.26 price target.
      8/7/14
    • shopvac20: Thanks RE
      8/7/14
    • Robert Edwards: I made big money today buying Copper. NG and Gold I have not traded. Palladium is rallying for me. Added more GRPN @ 6.02
      8/7/14
    • glaserdx: sold my last tranche of SLV; all in did fairly well. Will look to re-position on continued weakness
      8/7/14
    • shopvac20: I figured anything in the low to mid 80s would be natural to bullish
      8/7/14
    • RCamuti: Added more JDST @ 10.16
      8/7/14
    • donnavet4pet: I bought 500 shares HERO @ 3.46 and I am wondering if it is best to hold it while HERO bottoms or cut my losses and sell.
      8/7/14
    • vanebfbc: Finally sold my $SCTY position before the earning today for some nice profit. Some techs are making new highs but I don't want to chase.
      8/7/14
    • WahahazZz: look like gold want to retest 1310.
      8/7/14
    • RCamuti: HERO is @ its 52 week low right now, and is in a strong down trend.
      8/7/14
    • RCamuti: There has been a lot of insider buying in HERO over the last few months.
      8/7/14
    • RCamuti: I guess it depends on how much of your holdings you have in HERO.
      8/7/14
    • RCamuti: Gold retested and went back to negative.
      8/7/14
    • Robert Edwards: If you are worried about your price, you cannot trade HERO. It is a stock you buy a little and keep adding until it starts moving up & u r
      8/7/14
    • Robert Edwards: committed to staying in until it lets you out. Donna is not doing bad buying below 3.50 and rather than selling, I would be inclined to
      8/7/14
    • Robert Edwards: buy more on weakness but wait for a sign of bottom before adding. I need to do more research on HERO.
      8/7/14
    • Robert Edwards: NG hit my 3.925 price, falling to 3.922 low but I cancelled my buy order and did not get in.
      8/7/14
    • donnavet4pet: Thanks RC and RE. I will hold.
      8/7/14
    • Robert Edwards: Palladium is not acting that well so I sold out 851.50 for $245 net scalp. Gold fell off from above 1310 again. Resistance holding back
      8/7/14
    • donnavet4pet: TNA broke down through support and now at 67.31.
      8/7/14
    • glaserdx: Rob- would like to see your analysis on HERO. Quick look at one year chart looks bad-lower highs & lower lows
      8/7/14
    • Robert Edwards: I like offshore and deepwater drillers but out of favor right now so I held off doing my article with crude oil weakness. Adding HERO to my
      8/7/14
    • Robert Edwards: watch list with my other offshore drillers. Someday soon this sector could get a real big snap back rally because overdone to downside..
      8/7/14
    • shopvac20: I have been holding HERO for a while, it was nice when it stayed in its ranges, but the latest move down caught me off gaurd
      8/7/14
    • RCamuti: RE/Grow, any thoughts for gold movements and the miners so far?
      8/7/14
    • shopvac20: I think HERO will find more value soon, HERO said price of production is growing, mixed with oil dipping brings HERO down, I am holding
      8/7/14
    • shopvac20: just have to hold a little longer the anticipated, if I need to avg down, will do so at 3.00-3.15 (hopefully will not need to)
      8/7/14
    • Robert Edwards: Nat Gas bounced 3 cents off low, just as I had predicted. However, NG trades so skanky it turns my stomach and I can't hardly buy it.
      8/7/14
    • shopvac20: market is taking a turn down .. should have sold FEYE at 5% up and got TZA lol
      8/7/14
    • glaserdx: OK Shop - will put on watch list
      8/7/14
    • RCamuti: With the fracking boom that we have seen recently, offshore drilling has been out of favor. The tensions in Russia may soon help the
      8/7/14
    • Robert Edwards: My pre-report NG buy order at 3.925 was about perfect it turns out. But I cancelled it when it missed on first drop.
      8/7/14
    • RCamuti: offshore drillers because global demand will require more oil, and if the US is exporting, we will need more wells. IMHO.
      8/7/14
    • Robert Edwards: I decided Palladium is safer buy than Nat Gas on weakness so concentrating my efforts there and buy NG when it moves above 4.00 resistance
      8/7/14
    • RCamuti: Gold is trying to test 1310 again, causing JDST to show further weakness. Is there a rule of thumb for intra-day resistance testing?
      8/7/14
    • RCamuti: How many tests of resistance is there in a given day generally before bulls call it a day?
      8/7/14
    • Robert Edwards: The rule I remember is that if a price gets tested 3 times, on the 4th time it will break on through so if gold keeps knocking on the door..
      8/7/14
    • Robert Edwards: look at skanky NG just under 3.97. I had predicted it perfectly but the action in the 3.70s burned me out and I can't hardly touch it.
      8/7/14
    • donnavet4pet: Somebody, hold that gold door shut..........please. Go home bulls.
      8/7/14
    • RCamuti: Donna, I agree with that statement. Here's hoping.
      8/7/14
    • RCamuti: This tug of war b/t JNUG & JDST is driving me nuts. Gold is up 1 cent right now, and its causing ruckus.
      8/7/14
    • WahahazZz: RC, I hear ya. Iron stomach require to hold $JNUG or $JDST. But i think we will be ok since silver is also getting weaker.
      8/7/14
    • shopvac20: I like the recovery of ng so far .. the week is heating up, then we gotta start looking towards the upcoming winter
      8/7/14
    • RCamuti: Here comes the next test now. Gold @ 1309.5
      8/7/14
    • shopvac20: I am concerned with the fall .. prices may drop again for NG in between summer & winter demand .. all depends on what the inventory# R
      8/7/14
    • RCamuti: Equity weakness is not helping my case to be short gold either. And now we have breached the 1310 mark.
      8/7/14
    • RCamuti: JDST dropping like a stone now. I hate seeing those straight down spikes.
      8/7/14
    • RCamuti: 1316 resistance level is our next test for gold.
      8/7/14
    • Robert Edwards: Just got back from quick lunch and I see the carnage. Gold busted up to 1315 resistance. Too much bid under market. Kept coming back from
      8/7/14
    • Robert Edwards: one selloff after another. We got some selloffs in gold overnight and this morning but the gold kept pulling itself off the matt and
      8/7/14
    • Robert Edwards: eventually landed the haymaker that pushed gold to 1315. Palladium in comparison is not that strong so there is still a chance we have seen
      8/7/14
    • Robert Edwards: the high of the day and we go sideways to lower the rest of the day and close back around 1309 or lower. Too early now to say tho
      8/7/14
    • Robert Edwards: look at skanky Nat Gas, back under 9.300. I went ahead and bot. As strong as it has been, should hold above 3.900.
      8/7/14
    • RCamuti: I love the boxing references RE. I wouldn't call it a haymaker though. Its doing what any good fighter does, and that's fight.
      8/7/14
    • WahahazZz: hmm... 1310 breached, waiting to see if it will hold. Middle-eastern spur up the gold, but Oil still steady. $USO is trying to bottom.
      8/7/14
    • RCamuti: I still think the bears can bring this bull down over the course of the day, especially as 1316 resistance holds true.
      8/7/14
    • shopvac20: and 3 big red candle sticks smacks my last comment about ng in the face .. lol
      8/7/14
    • Robert Edwards: My phone texted me that I bot GRPN 5.97 while I was at lunch. I see that was the low of day so far.
      8/7/14
    • shopvac20: we are at our recent high in gold ... RE, do you still think we are in the 1280 to 1320 trading range, or is gold trying to move up ?
      8/7/14
    • Robert Edwards: Gold likes to make a $12 range at least, so not going below 1303 overnight it wanted to hit 1315 to get decent range. Stop soon maybe
      8/7/14
    • shopvac20: Glad I sold out of GRPN yesterday, might have a buying opportunity at the EOD...
      8/7/14
    • Robert Edwards: GRPN will bounce later today or tomorrow. It will see two way action like yesterday likely. Gotta buy low and sell high. Very slow fall
      8/7/14
    • Robert Edwards: Gold rallied $4 higher than yesterday but JDST only made new low by 4 cents (9.81 vs. 9.85). .
      8/7/14
    • Growfast: I think the Gold movement is nothing but adjustment to the sell off in the stock market indexes. They have stabilized now for the time being
      8/7/14
    • Growfast: Start moving up and gold will likely come right back down
      8/7/14
    • RCamuti: Looks like JDST is holding strong, and not buying into this rally in gold much more. JNUG doesn't seem to be exploding much higher either.
      8/7/14
    • RCamuti: at least as of now.
      8/7/14
    • glaserdx: $9.51 limit on JDST - no fill
      8/7/14
    • RCamuti: Glaser, 9.85 seems to be holding so far. You might still get it, but it looks like JDST is holding strong @ that level.
      8/7/14
    • RCamuti: This equity sell off isn't helping things much either with the flight to safety taking hold.
      8/7/14
    • RCamuti: Looking a $100 scalp trade in JNUG, i still feel the resistance will hold for today in gold.
      8/7/14
    • glaserdx: RC - looks like u r correct ...maybe it comes to me....?
      8/7/14
    • skysurfer83: seems like 4th knock is getting weaker... 9.95 might be a good entry now?
      8/7/14
    • Lefty6x6: enjoy the teeter totter ride in gold and miners. don't panic - nobody has ever made a dime by panicking. volatility is our friend afterall
      8/7/14
    • Lefty6x6: remember folks: swings are why we are here in the first place, the teeter totter is how money is made. no reason to fear it, just ride it.
      8/7/14
    • skysurfer83: UGAZ taking a beating today, thoughts RE? Wait till end of the day w possible recoup on Fri or more longer term?
      8/7/14
    • skysurfer83: I free up lots of cash in Qual acct and looking for something more long term
      8/7/14
    • Robert Edwards: Bot NG thinking3.90 should hold support and skanky NG decided to break under 3.90 so now 3.90 goes from support to resistance. Often u get
      8/7/14
    • Robert Edwards: a snapback rally tomorrow after hard reversal today and I am holding for a bounce to unload, having bot again on the lows. Won't take much.
      8/7/14
    • Robert Edwards: Today's candlestick in December gold looks just like May 5th. If correct, Friday should be sideways and Monday, Tues & Wedn down. Comments?
      8/7/14
    • RCamuti: Glaser, looks like you might get that price after all. Lets see how it goes.
      8/7/14
    • RCamuti: RE, do you have a screen shot from May 5th to see?
      8/7/14
    • glaserdx: My chart not good http://bit.ly/1AY15La do u have aother?
      8/7/14
    • RCamuti: If your correct about the next 4 days trading in gold, what kind of trading should we see in gold miners?
      8/7/14
    • RCamuti: Gold is heading up towards resistance again @ 1315. Will resistance hold this time, or will it blow through to 1325?
      8/7/14
    • RCamuti: The 9.85 price is really holding strong in JDST.today.
      8/7/14
    • RCamuti: got through to 9.82 just now, but it snapped right back to that 9.85 area.
      8/7/14
    • Tatt2d: gold spike
      8/7/14
    • Tatt2d: have nugt sell order $47...its stuck at 46.96
      8/7/14
    • Robert Edwards: Try looking at this for May 5th gold http://bit.ly/1AY3BkD;txtDate=
      8/7/14
    • Robert Edwards: It is the 3rd bar in May. Friday should be doji going nowhere and then Monday big smackdown and minor down Tuesday.
      8/7/14
    • RCamuti: Looks like if anything, tomorrow will be a small down day in gold, if the pattern is the same.
      8/7/14
    • RCamuti: how did mines do on those days?
      8/7/14
    • Robert Edwards: Just scalped from short side, sold Dec Gold 1314.90, bot back 1314.00 for $85
      8/7/14
    • Robert Edwards: At 1315 and higher, I will get more aggressive scalping from short side. Lots of resistance 1317, 1320, 1325, 1330 etc. U can buy all dips
      8/7/14
    • Robert Edwards: in JDST but you might not be able to make much by the way of profits for awhile, quick in and out and average down buys.
      8/7/14
    • Robert Edwards: Yesterday I said to buy 10.15 down to 9.60 and sell out today 10.60 if I remember right? Today's high was 10.68, I sold 10.50s
      8/7/14
    • Robert Edwards: This kinda trade can be done again tomorrow. Buy 9.85 area now in JDST and be prepared to add every 20 to 30 cents lower & take the early
      8/7/14
    • Robert Edwards: spike the next morning. Lefty does this all the time. U can buy the cheapest price in JNUG when JDST tops and ride it up too then switch
      8/7/14
    • Robert Edwards: back to JDST. Lefty buys both and takes profit on the one that surges early and take other side off later in day when goes other way.
      8/7/14
    • Robert Edwards: If you sell out of JDST for a profit this morning, you could have used funds to add to JNUG and later today caught a big move in JNUG.
      8/7/14
    • Robert Edwards: I am not going to buy anything overnight as I am going to play the futures that trades all night long. I am off work tomorrow so I can stay
      8/7/14
    • Robert Edwards: up all night and trade if it is worth my while to do so. I can catch up on sleep Saturday
      8/7/14
    • glaserdx: bot first JDST tranche @ 9.84
      8/7/14
    • Robert Edwards: Last night I placed orders, fell asleep couple hours, woke up and placed more orders etc. till morning, making $$ while I slept in copper
      8/7/14
    • Robert Edwards: I don't have all answers but I do see profit potential in teeter/totter. My advice is better than my execution because I am human.
      8/7/14
    • Robert Edwards: All the stuff make that many of the things that happen to you, happen to me. Hopefully not all the stuff as I have already learned some from
      8/7/14
    • Robert Edwards: experience. That is why I try to take profits and then sit back and be mostly flat, rebalancing intraday. Things don't work out perfectly
      8/7/14
    • Robert Edwards: but if I am losing $500 in one market, I usually have another market I am making over $500 to cover it, and hopefully I banked $$ already
      8/7/14
    • Robert Edwards: Nat gas did me bad but I recovered by buying and selling lots of contracts today. Still, copper profits from last night sustained me so
      8/7/14
    • Robert Edwards: I do not care, and tomorrow the nat gas trade should be a big winner if we pop a bit
      8/7/14
    • Tatt2d: had to lower my nugt LO to get a sell. trying a higher LO for second sell and shooting for a Jdst buy
      8/7/14
    • Tatt2d: $TNA falling
      8/7/14
    • Growfast: Sold puts on the dip for a loss and reversed to calls to go long on TSLA. Working nicely.
      8/7/14
    • Growfast: Could be good entry to ride TNA to 69 resistance again.
      8/7/14
    • skysurfer83: as we were discussing yesterday Grow, I could have gitten out at a profit and back in. But i still think 66.16 entry is good for the longrun
      8/7/14
    • skysurfer83: unfortunately I dont have unlimited trades like RE. Sometime I gotta wait for sells to settle
      8/7/14
    • Growfast: Agree, sky. Chart is turning more and more bullish. Looks like we have bottomed and are forming an upward channel to continue the quest.
      8/7/14
    • Growfast: If markets gain some strength now and tomorrow, I would expect Gold be back around 1305-1307 in short order (Barring outside events)
      8/7/14
    • WahahazZz: should buy more $JDST at 9.8 but oh well, busy at that moment
      8/7/14
    • Growfast: May be opportunity again tomorrow, especially if there is a normal Friday rally if it doesn't get beat down overnight.
      8/7/14
    • vanebfbc: Bought $GRPN at 5.95. Time for some bounce play here!
      8/7/14
    • WahahazZz: I planned to sell $JDST in the morning pop then rebuy it on before the market close. Also bought $GRPN at 5.95. ER is coming up for my $NVDA
      8/7/14
    • skysurfer83: I took RE's advice and scalp GRPN yesterday in 5.83 out 6.14. Today added JDST 10.12avg(after commission) and added TQQQ at 75.01
      8/7/14
    • skysurfer83: today small losses overall but still doing well for the week. Lets see what fridays brings before some well deserved rest over the weekend
      8/7/14
    • RCamuti: Still primarily in JDST with a small position in JNUG, tried to sell out of JNUG for a $100 scalp but didnt get there. Will try again now &
      8/7/14
    • RCamuti: tomorrow morning if not in the after hours. If we are all right in our expectations JDST should do well the next few days.
      8/7/14
    • RCamuti: Avg. JDST holding price is $12.29 right now.
      8/7/14
    • RCamuti: RE, if your analysis is correct about today being like the May 5th pattern, JDST will have a few days of nice gains.
      8/7/14
    • RCamuti: The high point would be on the 4th or 5th day of the run up, and will continue to close higher, but the highs will be lower.
      8/7/14
    • Growfast: RCam, what I see is 5/5 to 5/7, Gold was tight range bound, then fell off to 1290 before next consolidation. Certainly some highs within
      8/7/14
    • Growfast: range, but I don't see much in the way of rallies. RE's style of scalping may be good to play if folks have the time to make such trades
      8/7/14
    • RCamuti: Grow, for someone like me who is in JDST right now and is looking for an out with a gain, this might be the most opportune time.
      8/7/14
    • RCamuti: Then we could switch to a teeter approach till gold makes its next move up or down.
      8/7/14
    • WahahazZz: $NVDA pop around 3% in AH. Nice! What is usual gold action on Friday?Sell-off in the morning, short cover later on the day?
      8/7/14
    • Robert Edwards: sometimes there is a late Friday surge in miners and gold for those who don't want to be short over the weekend. It has been working lately
      8/7/14
    • WahahazZz: that my thought also. I do want to hold $JDST for too long, plus this is August after all, seasonal high in Gold
      8/7/14
    • RCamuti: RE, do you think there will be any sell pressure in gold tomorrow, considering the run up it had going into the friday trading day?
      8/7/14
    • WahahazZz: I meant i do not want to hold*
      8/7/14
    • Robert Edwards: This is summertime thin trading where they can push the market up or down at their whim. I see two way action 4 Friday, strength & weakness
      8/7/14
    • Robert Edwards: I believe gold will close down tomorrow or barely up, and Monday looks like the day they kill gold. Any strength should be sold on Monday
      8/7/14
    • Robert Edwards: Being a Friday, little movement likely tomorrow. Things should settle down on Monday concerning world events and gold should then get killed
      8/7/14
    • Robert Edwards: Monday we should close at 1300 or below 1300. That is partially based on today being like May 5th and other factors too.
      8/7/14
    • Robert Edwards: Just did an article on GRPN: click http://seekingalpha.com/p/1ve6d
      8/7/14
    • WahahazZz: unrest in Middle-East spur the gold to 1315, these mini runs in gold make it difficult to short on, compare to short covering.
      8/7/14
    • WahahazZz: but likely will fade over the weekend like RE said.
      8/7/14
    • Robert Edwards: Looks like gold is extending to the upside on US airstrikes in Iraq. Still resistance at 1320, 1325, 1330, 1350 & 1370. Hopefully the
      8/8/14
    • Robert Edwards: situation will remain contained. On 4/01/14, Dec Gold bottomed 1280 like it did last week, but rallied to 1330 and we could be headed there
      8/8/14
    • Robert Edwards: The real test of resistance is 1325 followed by 1330 in December Gold. Buying gold during turmoil is a perception that does not hold true
      8/8/14
    • Robert Edwards: once things calm down a bit, very fleeting. However, no one knows how high gold could spike short-term. So far reaction is pretty tame.
      8/8/14
    • Robert Edwards: The stock market don't like this news and that is what is giving gold some support. If the stock market stabilizes and starts to rally gold
      8/8/14
    • Robert Edwards: should start rolling over. But right now stock market is still creeping down and gold is creeping up.
      8/8/14
    • donnavet4pet: How awful for the innocent people trapped on the mountain and all of the horrific violence. I hope ISIS is stopped.
      8/8/14
    • Robert Edwards: JDST hit 10.37 soon after opening today. Till things calm down I recommend caution in playing JDST/DUST/NUGT/JNUG as markets are volatile
      8/8/14
    • Robert Edwards: I would play small or try to get good prices. Glad Nat Gas popped this morning to let me out in good shape. Glad gold stopped in 1324s
      8/8/14
    • Robert Edwards: Bonds rallying (lower interest rates) is starting to put pressure on the US Dollar which could support gold a bit. Geopolitical news is
      8/8/14
    • Robert Edwards: likely factored in pretty well by now so should be buy rumor and sell the fact so even if things get a bit worse, gold could fall. I would
      8/8/14
    • Robert Edwards: Absolutely not chase gold from the long side up here except for very very short term moves as there could be more risk to down side than up
      8/8/14
    • Robert Edwards: at some point. Where that point is, too early to say. I am sitting in nearly all cash waiting for a signal.
      8/8/14
    • Robert Edwards: My average price in GRPN was 5.99 when the day started but I added at 5.85 so new average is just under 5.94
      8/8/14
    • Robert Edwards: I have a sell order in GRPN at 6.01 to unload some high shares. Copper overnight dipped and I was able to get long in 3.16s, out 3.17s
      8/8/14
    • Robert Edwards: Nat Gas is so skanky it is hardly tradable. Reason for late day selloff yesterday was cooler weather forecasts which made the morning
      8/8/14
    • Robert Edwards: inventory report no longer important, which caused bottom to fall out of market. That is the excuse given anyway. Running stops happens so
      8/8/14
    • Robert Edwards: frequently in Nat Gas, how do you ever stay long, long enough to benefit from the eventual rally. I am leaving alone now unless I get very
      8/8/14
    • Robert Edwards: cheap prices, or I buy on a breakout above $4.
      8/8/14
    • Robert Edwards: During the recent selloff my indicators told me to scalp from long side. That turned out to be correct. Right now it is telling me neutral
      8/8/14
    • Robert Edwards: I am getting a very weak signal to start shorting on scalps but signal not yet strong enough to act on it with strong conviction.
      8/8/14
    • Robert Edwards: Shorting Signal is so weak it could flip back to going long but I am a bit biased to thinking short is correct, especially in 1320s gold
      8/8/14
    • shopvac20: gold drops and DUST drops... odd !! I picked up some dust this morning early at 14.90 .. ouch... FEYE is weak as well
      8/8/14
    • shopvac20: NES might be a good one to have your eye on, today its dropping like a rock .. but when it finds the bottom might be a good buy
      8/8/14
    • Growfast: FEYE longer-term support is sitting around 27, shop. If it can get beat down to that level, I think would be a great buy opportunity. Scalps
      8/8/14
    • Growfast: for now may work to play small MACD convergences.
      8/8/14
    • Robert Edwards: During the night when Dec gold rallied to 1324s looking pretty strong but then sold off a bit and finally massive sell orders came in.
      8/8/14
    • Robert Edwards: When it got down to 1318s, bulls tried to knock back above 1320 again but large sell orders showed up just above the market in the 1319s.
      8/8/14
    • Robert Edwards: There were 200 contracts sitting on the ask (sell) at every 10 cent tick mark. The intimidation worked and someone was able to keep gold
      8/8/14
    • glaserdx: R.E. as you say, no clear direction in JDST, JNUG etc. now. Does this portend today's action?
      8/8/14
    • Robert Edwards: from retaking 1320 and eventually a 5000 contract sell program hit this morning knocking from 1312 to 1307. HFT sell orders had been
      8/8/14
    • Robert Edwards: absent for a couple days. The computers finally decided to start smacking down gold. Humans stopped gold from retaking 1320s but computers
      8/8/14
    • Robert Edwards: (algo systems) knocked it down to 1307 this morning. Glad to see the computers coming back because I get better more reliable signals from
      8/8/14
    • Robert Edwards: computers than humans.
      8/8/14
    • Robert Edwards: The difference between computers and humans. Humans play games, they sit on the ask and don't force the action. They are defensive and
      8/8/14
    • Robert Edwards: call your bluff. Computers just act, they shoot large buy or (most often) sell orders in at once to overwhelm the market and cause panic
      8/8/14
    • donnavet4pet: ADEP is sliding down. I have shares @ 9.38 that I could have sold profitably but was waiting for a bit higher sell price.
      8/8/14
    • donnavet4pet: Now I will wait for the bottom to buy more to down average for the uptrend.
      8/8/14
    • Robert Edwards: Right now very neutral but wait an hour and things might change. Now that we have corrected off the highs, good chance we do get late day
      8/8/14
    • Robert Edwards: buying Glaser. Peter Hug at kitco.com mentioned late day pop as traders don't want to be short over the weekend. Probably right.
      8/8/14
    • Robert Edwards: The way things were looking in Asian trading last night, figured we would see 9.00 today in JDST but in Europe gold lost steam and then
      8/8/14
    • Robert Edwards: came the human sell order blockade of 1320s. I rarely see the human blockade and take it as a signal someone (likely a central bank) does
      8/8/14
    • Robert Edwards: not want gold to rally. Gold bears have the politicians on their side.
      8/8/14
    • Robert Edwards: Big money rules! Big money cannot move without leaving big footprint. Monitoring big orders one can anticipate changes in direction. Big
      8/8/14
    • Robert Edwards: money right now wants gold to stop rallying at $1320, at least that was the plan overnight.
      8/8/14
    • Robert Edwards: stock market has really come back. overnight very weak, now positive.
      8/8/14
    • glaserdx: well I don't want to be short gold overweekend either..too much political uncertainty for 1 reason
      8/8/14
    • WahahazZz: sold $JDST this morning at 10.28 in pre-market, will buy its before close today at the price below 9.80.
      8/8/14
    • WahahazZz: also will add more $GRPN if the price touch lower BB at 5.81.
      8/8/14
    • shopvac20: thanks grow... i will keep my eye on it, was up 3% from yesterday .. shoulda dumped it... so now down 2.. see what happens.
      8/8/14
    • Robert Edwards: On daily chart Dow Jones keeps doing bullish harami patterns but instead of going up the next day to confirm, keeps going down. Today looks
      8/8/14
    • Robert Edwards: like we could get another bullish harami pattern. I am surprised the stock market is holding in as well as it has and believe we go could
      8/8/14
    • Robert Edwards: bottom soon. When stock market stabilizes gold should roll over.
      8/8/14
    • Growfast: Markets are trying to get some legs up and Gold testing 1310. If we break below 1310 again in Gold, could see a move down. Just not sure it
      8/8/14
    • Growfast: will avoid the late Friday rally in Miners. JDST to 15.50, or will add at 9.5 or lower
      8/8/14
    • Growfast: AMZN getting stronger. I'm looking for a move to 326 resistance and maybe break through within a couple weeks assuming markets hold.
      8/8/14
    • Growfast: TNA working its way back to 69 and gaining strength. If it breaks through 69 strongly, could be eyeing 72.
      8/8/14
    • RCamuti: Grow, you anticipate a price of 15.50 in JDST? Am i reading that right?
      8/8/14
    • Robert Edwards: The overnight Globex is when gold makes most major moves, in Asia and in Europe. If you go long at end of our market and then sell in Asia
      8/8/14
    • Robert Edwards: strength, you can usually catch a high to short in late Asia or early Europe and then take profits just before or after our US market opens
      8/8/14
    • Growfast: RCAM, that is target. I think JDST needs to go back and fill the gap from 6/18 to 6/19. Question is, does it do this quickly, or will we go
      8/8/14
    • Growfast: through some upside in Gold and come back down.
      8/8/14
    • RCamuti: I just wanted to clarify the price in the post. I wasnt reading it correctly.
      8/8/14
    • RCamuti: JDST looks to be holding this 9.85 to 10 range pretty strongly, looks very promising going into the weekend.
      8/8/14
    • RCamuti: The big questions is going to be if gold gets the late day Friday rally it always seems to get.
      8/8/14
    • RCamuti: http://bit.ly/1kOx6Rg
      8/8/14
    • RCamuti: survey saying majority gold traders see higher prices next week.
      8/8/14
    • RCamuti: Participants, not traders. sorry
      8/8/14
    • WahahazZz: Day is still young for $JNUG & $JDST, especially if they dont move much in the morning, then likely we will big move in the afternoon.
      8/8/14
    • WahahazZz: Grow, 15.50 hm that a very bold price. I would think that price will happen after the major rally of gold is over since its such a big move
      8/8/14
    • WahahazZz: and Juniors rollover hard due to overstate the price of gold.
      8/8/14
    • AlphaOne777: UGAZ at HOD ....RE or Grow do you think we'll pull back or head to the seasonal highs from here?
      8/8/14
    • skysurfer83: thoughts on HERO?
      8/8/14
    • glaserdx: Grow, RE - HALO reports 2Q Monday after the close. Any expectation or play here?
      8/8/14
    • RCamuti: RE, do you have any thoughts on the idea that the gold rally has stalled. What the market feared of US Military action has come and gone now
      8/8/14
    • RCamuti: Gold should have exploded higher on the news, and it didnt.
      8/8/14
    • RCamuti: Seems very buy the rumor, sell the news action in gold prices.
      8/8/14
    • glaserdx: MNKD expected to report Monday too
      8/8/14
    • Jeremy49: RE late miner pop today? Thanks
      8/8/14
    • WahahazZz: $S is still and continue to be very oversold. might pick it up for scalp trade for oversold bounce.
      8/8/14
    • RCamuti: Russia announced the end of a military exercise near the Ukraine border. Also helping JDST & DUST.
      8/8/14
    • skysurfer83: RE should start charging a % of our profit haha. Or maybe just have your own hedge fund
      8/8/14
    • RCamuti: Hey Grow, would love to see that 15.50 price target in JDST in the coming days. If global tensions ease, we very well could.
      8/8/14
    • skysurfer83: RC, are you holding JDST over weekend or cash out an reposition mon? Or maybe reposition after usuall late fri rally?
      8/8/14
    • Robert Edwards: I recommended someone else sell UGAZ 16 to 16.15. I am thinking it could be hard to break thru 4.00 the first time and like taking profits
      8/8/14
    • Robert Edwards: I like JDST under $10. I am a scalper so I am going to sell my small position bot under 10 earlier, soon on this rally. Right now, holding
      8/8/14
    • Growfast: Glaser, on HALO, I'm holding long-term. Don't know much about what to expect this upcoming ER but it has been behaving well lately which may
      8/8/14
    • Growfast: indicate some bullishness for the report. Support 9.19. Resistance at 10.19. If I sell some other holdings soon, I will sell puts at 9.19
      8/8/14
    • Robert Edwards: overnight is high risk, as could pop way up or way down over the weekend. I need to sell into 10.60 resistance in here.Gone, I took profits
      8/8/14
    • Growfast: if we see it as I'm leaning on the neutral to bullish side near-term
      8/8/14
    • WahahazZz: In JNUG for a quick scalp at 24.55, will sell at the eod and rebuy JDST
      8/8/14
    • Robert Edwards: I made 60 cents and that is excellent for me. I like buying JDST on all dips under $10 and next week will be playing much bigger size
      8/8/14
    • Growfast: AMZN broke through some key resistance. TSLA on support getting re-juiced for move - probably next week as it may get pegged for options
      8/8/14
    • Growfast: KOG getting some bull legs cycling out of its downtrend and I'm looking for 17 soon.
      8/8/14
    • glaserdx: sold 1/2 first JDST tranche 10.55
      8/8/14
    • Robert Edwards: I see the stock market stabilizing next week and trying to bottom and bonds selling off, raising interest rates, stronger dollar,weaker gold
      8/8/14
    • Growfast: Surprised Gold is holding up in here, very vulnerable and markets holding up well. JDST to 12.5 today perhaps if it rolls over.
      8/8/14
    • RCamuti: I am torn on how to play this JDST move, my instinct say to cash out on the positions that are in the black to re-position monday.
      8/8/14
    • RCamuti: But, like RE said yesterday, if you look at the May 5th chart, Gold should drop the next few days. JDST should continue to pop till tuesday.
      8/8/14
    • RCamuti: Gold has the reason to sell off now, as the Russian tensions ease, and there is no more wondering if we will intervene in Iraq.
      8/8/14
    • Robert Edwards: Regarding HALO, I got burned on that stock once and not anxious to own thru earnings since stock bounced off lows and has room to fall.
      8/8/14
    • glaserdx: thanks Rob
      8/8/14
    • RCamuti: This equity rally today is no longer a relief rally, but a risk on rally. Volume is good, and price move is strong.
      8/8/14
    • dan1981: Bought tesla 250 sept puts yesterday. Sold today and bought 255 calls .
      8/8/14
    • Robert Edwards: Above $6, I unloaded my expensive GRPN shares since I already added three times today under 5.90 and was getting too heavy
      8/8/14
    • Growfast: Gold trying to get its fri rally going....
      8/8/14
    • Growfast: But, now 1310 acting as resistance may hold it up. We'll see.
      8/8/14
    • Robert Edwards: Bot some JNUG 24.74, will add more if we fall into the 24.50s. Looking for end of day pop. I don't have a strong signal yet, just doing it
      8/8/14
    • RCamuti: Lets see if the bears can keep this price down in gold today. Its rallied all week and is due for some profit taking.
      8/8/14
    • Robert Edwards: GRPN could surge late today. After two down days, shorts may not want to stay in over the weekend and could rally late.
      8/8/14
    • WahahazZz: RE, I have a question. Do you EU market rebound next week as well as US?
      8/8/14
    • Robert Edwards: EU could rebound but if wrong, ,you lose the most as Europe is affected more than US on Russia sanctions. I may buy Europe but still early
      8/8/14
    • Robert Edwards: Better odds right now betting on U.S. stocks popping as they are falling on collateral damager from world events and not directly affected
      8/8/14
    • glaserdx: am out of JDST as did not want to hold over the weekend. Doesn't Lefty say it's never a bad thing to take profits?
      8/8/14
    • WahahazZz: I see. Thank you RE advise! $NOK is one of my target. but since its French. EU is a factor.
      8/8/14
    • skysurfer83: Thoughts on RUSS, down over 7% today
      8/8/14
    • Robert Edwards: got it! Bot more JNUG 24.55. Will add more 24.20s
      8/8/14
    • Robert Edwards: Glaser, if we get a late day rally, you might get a late day dip in JDST to buy back into lightly maybe, I may hold some over weekend but
      8/8/14
    • Robert Edwards: have not decided. If I make a nice pop on JNUG on close then I will risk profits on JDST over weekend
      8/8/14
    • glaserdx: ok R.E., will be looking for that.
      8/8/14
    • skysurfer83: Looks like TNA cant break through that 69 resistance Grow. Thughts on Monday action for the Russel. Maybe sell now and buy dips on Mon?
      8/8/14
    • WahahazZz: Do you JNUG will reach 25.20? that is kinda median price of today.
      8/8/14
    • Robert Edwards: Shop, buying FEYE after only one day smackdown was violating trading rules. OK to do but gotta get out quick before the trading gods get
      8/8/14
    • Growfast: OPK starting to pop. I've been waiting for this one for months!
      8/8/14
    • Robert Edwards: even and make you pay. I think playing very short-term is advised on most trades for now till things settle down more.
      8/8/14
    • RCamuti: Equity rally looks like its keeping gold from climbing so far. RE, does it look like traders will be cashing out soon?
      8/8/14
    • RCamuti: Or will the markets stay status quo.
      8/8/14
    • Robert Edwards: The short-term overbought condition in gold should not last much longer in gold and unless large escalation over the weekend, should start a
      8/8/14
    • Robert Edwards: co0rretion early next week but as you know, gold likes to overshoot on down side and up side and I agree with Grow that the ultimate turn
      8/8/14
    • Robert Edwards: is probably lower, but gold can bounce around a lot, to 1330, to 1350, 1370 or even 1400 and then get killed. The fact we are below 1315
      8/8/14
    • Robert Edwards: this Friday after seeing 1324 overnight, makes me more bearish. Gold is having trouble busting thru resistance so we might have already
      8/8/14
    • RCamuti: I was only asking if you thought the markets would make any sort of dramatic turn around today before the close?
      8/8/14
    • Robert Edwards: seen the high but no way of telling for sure. Instead of selling JDST now in the 10s, getting out of half in 12s and then buying back in
      8/8/14
    • RCamuti: Are you seeing a bias in a particular direction?
      8/8/14
    • Robert Edwards: below 10 is the way to play it. When I am in a losing JDST position and things improve, I try to take 25 and hopefully 50% off when I
      8/8/14
    • Robert Edwards: get a decent pop to free up cash to average down.
      8/8/14
    • Robert Edwards: We need a drop in JNUG to 24.25 area probably to really get the springback rally I am looking for the close. Getting a very weak buy signal
      8/8/14
    • Robert Edwards: but not strong signal yet at least. Could get stronger signal around 3:30 to 3:35 p.m. EST
      8/8/14
    • Growfast: Intraday chart on JDST is turning to bullish MACD crossover coming up here soon. We'll see if it confirms here in a few minutes.
      8/8/14
    • WahahazZz: Watch JNUG and JDST is like watching a boxing match in a mid round, especially around 3.30-4.00 KO punch will be throw.
      8/8/14
    • RCamuti: Looking for a target price in JDST of 10.70 for today to lock in some of gains achieved so far.
      8/8/14
    • RCamuti: Gold can't seem to go positive so far, looking bearish going into the close.
      8/8/14
    • Growfast: 5 min MACD at 0 now working on the crossover to bullish. PSAR is bullish.
      8/8/14
    • skysurfer83: TNA working close to 69, cant believe I ve been holding it since monday. Might it risk over weekend at this point
      8/8/14
    • Robert Edwards: We need compression like pushing on a spring and then you get the springback pop. So far still weak.
      8/8/14
    • Growfast: MACD dropped back negative. Gold and miners may try to rally a little in here now.
      8/8/14
    • Growfast: Even if so, I don't think it is going very far but...
      8/8/14
    • Lefty6x6: sold JDST @ 10.60 - taking profits is never a bad thing. looking to make a quick scalp here in JDST or JNUG at the close. lets dance !
      8/8/14
    • Robert Edwards: Don't like the action so far. Bot mid 24.70s, 24.50s and 24.30s and ave. price is 24.55 in JNUG. Sold top shares in 24.70s on small pop.
      8/8/14
    • Robert Edwards: we could get a pop but will have to be last 5 to 8 minutes looks like
      8/8/14
    • Growfast: Good profit-taking there, Lefty. I'm not planning to take mine yet; holding out for next week move down, in case we get the move I expect
      8/8/14
    • donnavet4pet: The pop may indeed happen at the very end. This time I all going to jump ship too quickly. Patience is a key.
      8/8/14
    • Robert Edwards: bot more JNUG 24.46 since big order sat at 24.45
      8/8/14
    • RCamuti: Still looking for the 10.70 target price to get 1 tranche out in JDST.
      8/8/14
    • SpecSpectator: Any thoughts on UGAZ being over driven right now? Got out of DGAZ with a bit, but I set my strike too low on UGAZ and didn't get to take
      8/8/14
    • WahahazZz: sold NVDA for %10 profit. waiting JDST and JNUG to finish the round.
      8/8/14
    • Lefty6x6: I may take some JNUG at the close, since its the one that is down, next week, it will teeter back up, then I sell it and buy JDST again.
      8/8/14
    • RCamuti: Grow i am in agreement with you though that gold/gold miners will move down early next week.
      8/8/14
    • Robert Edwards: took some off 24.70, not that strong
      8/8/14
    • RCamuti: If my target is not reached, I wont be looking to sell at a cheaper price today, but will hold till Monday.
      8/8/14
    • Robert Edwards: Trying to buy JDST again got it 24.46
      8/8/14
    • Robert Edwards: out at 24.70
      8/8/14
    • glaserdx: RE u mean NUG
      8/8/14
    • Robert Edwards: JNUG made minor new low of day at 3:30 p.m. EST then started small rally that did allow for 25 cent (1% pops). I bot and sold 3 times
      8/8/14
    • glaserdx: good weekend all- bombers in the sky hopefully for the good. Until next week
      8/8/14
    • Robert Edwards: Large order sitting at 24.45 made me buy 24.46 (twice) was nice trick for quick scalp that made it worth it, for fun at least, weak signal
      8/8/14
    • Robert Edwards: GRPN had no late day pop. May try to buy more in aftermarket if I can get 3.92
      8/8/14
    • Robert Edwards: I see now, I put in JDST when I meant JNUG. Hard to type and trade same time when market moving quickly.
      8/8/14
    • RCamuti: Well it was an interesting trading week. Feeling like i am well positioned for next weeks start.
      8/8/14
    • RCamuti: RE, hope to read some more of your excellent reading material this weekend.
      8/8/14
    • shopvac20: Good weekend to all .. let the fun start Monday morning again !! glad to see NG come back to life so quickly.
      8/8/14
    • Growfast: Nice place for Gold to park for the weekend. Right back under 1310.
      8/8/14
    • RCamuti: I like that too Grow. I was thinking the same exact thing.
      8/8/14
    • RCamuti: Liking my JDST position going into next week. Hope we both do well for holding our JDST shares into the weekend.
      8/8/14
    • WahahazZz: I guess i will be hold JNUG over the weekend, will unload Monday morning. Looking to double GRPN position as well in AH.
      8/8/14
    • WahahazZz: Have a good weekend you guys, will see how is next week gonna playout!
      8/8/14
    • Robert Edwards: This thread is too long. I am starting a new thread.
      8/10/14
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