Seeking Alpha
  • Robert Edwards
    Like action in $JNUG, $SEAS, $KING, $UGAZ, $GRPN, etc. Playing teeter/totter using $NUGT, $DUST, $JDST, $GLD, $GDX, $GDXJ
    Aug 24, 2:57 PM
    Reply (409)
    • Robert Edwards: wrote new article, click http://seekingalpha.com/p/1wj2b
      Aug 24, 2:58 PM
    • Lefty6x6: certainly should be a profitable week.....
      Aug 24, 6:48 PM
    • AlphaOne777: Thanks for the heads up on the new week!
      Aug 24, 7:08 PM
    • WahahazZz: Thank you RE for the heads up
      Aug 24, 9:07 PM
    • rxraider: Very nice call on SEAS, RE! I bought UGAZ at the bottom, and will add more. Watching for a bottom in CLF. Hope everyone has a great week.
      Aug 25, 12:47 AM
    • shopvac20: thanks for the read RE... missed adding UGAZ last week, still have a large amount tho.. still holding NES, HERO and HALO as well :/
      Aug 25, 8:55 AM
    • Robert Edwards: Nat Gas strong today and UGAZ solidly above 15 so next resistance is 16. I will be buying any dips in UGAZ today. Also bot some JNUG 22.90
      Aug 25, 9:25 AM
    • Robert Edwards: I am scalping gold futures from the long side as I am impressed they did not kill gold overnight. If gold can stay above 1270, will pop out
      Aug 25, 9:26 AM
    • Robert Edwards: the top end to everyone's dismay. They have to bring it down or it will snap back towards 1300 resistance.
      Aug 25, 9:27 AM
    • Robert Edwards: Bot more JNUG 22.60, will add again 22.30 and 22.00 if it wants to drop that low
      Aug 25, 9:32 AM
    • zaw77: sold out $KING at 14.79 making a super profit.
      Aug 25, 9:43 AM
    • Robert Edwards: KING is exploding and I am not in it. The China news is helping more than I expected. Bot some SEAS 20.10
      Aug 25, 9:45 AM
    • Robert Edwards: Bot very small position CLF 15.57 and will add every 50 cents lower.
      Aug 25, 9:48 AM
    • Robert Edwards: http://yhoo.it/1qbLn9E Farmer's almanac predicting another cold winter. Great for UGAZ if it becomes true
      Aug 25, 9:51 AM
    • shopvac20: I have seen the cold winter prediction several places... would launch UGAZ towards the end of the year.
      Aug 25, 10:02 AM
    • WahahazZz: US new home sale below forecast.
      Aug 25, 10:09 AM
    • zaw77: Home Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March - Gold should get some support
      Aug 25, 10:25 AM
    • WahahazZz: This week report does not look good for gold beside today. US core durable, Consumer confident, and GDP. EU is reporting as well.
      Aug 25, 10:50 AM
    • davePx: Sold a small amount of UGAZ ...just for insurance...and raise a bit of cash...will buy back on dip if we get one
      Aug 25, 10:51 AM
    • davePx: Sold some HALO on the rise 9.72 will buy back on dip...
      Aug 25, 10:54 AM
    • davePx: Watching MNKD breaking out this morning ...I have a ton of it and am looking for recovery...possible buy opp
      Aug 25, 10:56 AM
    • Jeremy49: Just when I switch to JNUG...JDST starts performing. Gotta love it. I'll be patient and wait for reversal soon as long as gold above 1275
      Aug 25, 11:05 AM
    • AlphaOne777: Just maybe we will get an afternoon pop on JNUG ..... :-)
      Aug 25, 11:13 AM
    • WahahazZz: looking to get into dgaz at 4
      Aug 25, 11:16 AM
    • WahahazZz: i mean around 4
      Aug 25, 11:20 AM
    • Robert Edwards: This is 5th down day in JNUG and should rally a couple days starting tomorrow. CLF just boomed. Any news?
      Aug 25, 11:38 AM
    • zaw77: Strange acording to http://bit.ly/1wsgy6w, put volume on CLFs ramps last friday, so I was looking more downside
      Aug 25, 11:49 AM
    • shopvac20: Looks like CLF just approved a $200 million buyback .... nice catch RE
      Aug 25, 11:51 AM
    • shopvac20: looking at getting some NUGT ... seeing if we will continue to drop to the EOD .. thoughts ?
      Aug 25, 11:51 AM
    • Robert Edwards: We have not tested gold highs anytime today, so either going into the 1:30 p.m. EST close or right after we close, looking for 1280+ surge
      Aug 25, 12:13 PM
    • Robert Edwards: If we go sideways to lower going into 1:30 p.m. close, then should pop late today.If we rally going into 1:30 p.m. close, then may fade late
      Aug 25, 12:15 PM
    • Robert Edwards: Right now looking like we stay sideways through the 1:30 p.m. EST close and then start move higher in gold in the afternoon
      Aug 25, 12:16 PM
    • Robert Edwards: Bog more JNUG 22.30 and 22.15 so will hold what I have and will sell some 22.50 or higher later today hopefully
      Aug 25, 12:17 PM
    • Robert Edwards: Either today and early tomorrow, might be a good place to unload some JDST on current strength to buy JDST at 10 to 10.50 in a couple days
      Aug 25, 12:19 PM
    • Robert Edwards: Gold is holding above 1273 and should therefore retest 1300 before going lower. Just need to hold support for today and tomorrow nice bounce
      Aug 25, 12:20 PM
    • Robert Edwards: Gold broke below 1300 support and also 1290, and so before really going lower, needs to retest 1290 to 1300 area in Dec Gold. A failure
      Aug 25, 12:22 PM
    • Robert Edwards: to move above 1300 will cause bears to reshort and get power to force lower. However, if gold retakes 1300 then bulls can retake control
      Aug 25, 12:23 PM
    • Tatt2d: 1300 gold equates to Nugt$? I'm in red and debating averaging down to hopefully break even.
      Aug 25, 12:24 PM
    • Robert Edwards: Bid/ask order placement volumes that my system uses to tell me if I should scalp from long side or short side, telling me to scalp from the
      Aug 25, 12:26 PM
    • Robert Edwards: long side and buy signal is getting stronger which gives me more confidence of moving back above 1280 shortly in Dec Gold.
      Aug 25, 12:27 PM
    • Robert Edwards: I am placing a limit order to sell my low JNUG shares (24.30 & 24.15) at 24.55 to unload and raise cash to buy on any further weakness.
      Aug 25, 12:28 PM
    • RCamuti: RE, you are a genius on the technical side of the trade, but how could gold rally, when there are so many headwinds currently.
      Aug 25, 12:31 PM
    • RCamuti: Treasury yields continue to rise, dollar continues to gain strength, and equities are setting records every day.
      Aug 25, 12:32 PM
    • Robert Edwards: 1300 gold is 2% higher in gold which means miners (GDX) should rally 4%, so triple that and NUGT should rally 12% from current prices.
      Aug 25, 12:32 PM
    • RCamuti: The demand in China & India does not seem to what many of us thought it would be.
      Aug 25, 12:32 PM
    • Robert Edwards: When GDX pops 4%, GDXJ should pop 5% to 6% so JNUG could pop 15% to 18% higher so $25.30 to $25.95 target
      Aug 25, 12:35 PM
    • Robert Edwards: All negative RC. So negative in fact that it is bullish and should all be priced in by now. Too many bears playing short side and so the
      Aug 25, 12:39 PM
    • Robert Edwards: slightest reprieve in bearish factors or just a random bullish headline like Ukraine skirmish intensifying and we pop 2 upside quick and big
      Aug 25, 12:40 PM
    • Robert Edwards: I try to look past the news. I also try to look past the current technical like dollar strength and see is there a crack in the US dollars'
      Aug 25, 12:41 PM
    • Robert Edwards: armor. With everything you mentioned RC, I would think gold would be at 1240 already, yet 1273 area is holding?! Must be some buying that
      Aug 25, 12:42 PM
    • Robert Edwards: is holding us in for that 1300 retest. After 1300 we can fall to 1240 but not until we do. In fact if we should break 1273 and fall to1260
      Aug 25, 12:43 PM
    • Robert Edwards: It would so embolden the bears, we would probably move quickly to 1300 and then 1325 and probably 1350 or 1380. If 1273 breaks now without
      Aug 25, 12:44 PM
    • Robert Edwards: first hitting 1300, then I am extremely bullish. If you are a bear in gold, you better hope we pop soon to 1300 to get rid of oversold
      Aug 25, 12:44 PM
    • Robert Edwards: condition. Too many traders leaning bearish gold right now, so will be hard to break gold down. Need to pop to 1300 to unload some first
      Aug 25, 12:45 PM
    • Robert Edwards: If bears get even more bearish and break us down to 1260, then that could spark a shortcovering rally 3 times stronger than if 1273 holds
      Aug 25, 12:47 PM
    • Robert Edwards: Either way, I will be playing the long side. Others can play the short side. Both sides can make money as Lefty tells us every day.
      Aug 25, 12:48 PM
    • Robert Edwards: Sold my low JNUG shares at 22.55 so now I have money freed up to add on any more weakness.
      Aug 25, 1:21 PM
    • Lefty6x6: exactly - buy JNUG "now", sit on it until it hits 23,24,25 or whatever - which means that JDST will be DOWN around 10, and buy that one.
      Aug 25, 1:22 PM
    • Lefty6x6: then when JDST (that u got @ 10ish) comes back up to 11,12 etc. - SELL it and buy JNUG again. make money, be happy. repeat.
      Aug 25, 1:23 PM
    • Lefty6x6: it's not hard, it just takes patience resolve and a smart sheppard such as our own RE !
      Aug 25, 1:24 PM
    • WahahazZz: Oracle RE! thank you again for advises and great opinions. In additional, I don't see that SPY can stay above 2000 yet.
      Aug 25, 1:32 PM
    • RCamuti: RE, i totally get what your saying about the negative headlines for gold. but on the flip side, with all of the geopolitical news we had
      Aug 25, 1:33 PM
    • WahahazZz: even the US economic datas are good
      Aug 25, 1:34 PM
    • RCamuti: Ukraine, ISIS, Israel War, Downed Airliners, Problems in Libya lately, Gold prices should have exploded to 1400 and they didn't.
      Aug 25, 1:34 PM
    • Lefty6x6: in JNUG @ 22.50
      Aug 25, 1:34 PM
    • RCamuti: Its like the Bulls and Bears are in a constant tug of war right now, and we need a real catalyst to finally cause a breakout.
      Aug 25, 1:34 PM
    • Lefty6x6: let 'em tug....that means the teeter will totter.
      Aug 25, 1:39 PM
    • AlphaOne777: Bought JNUG a little too soon today at 22.39 held through the big dip and sold it at 22.50 for a small profit. That's almost a tank of gas!
      Aug 25, 1:44 PM
    • Robert Edwards: There was a big bid sitting at 22.36 so I bot 22.37 in JNUG. The big pop should happen tomorrow in JNUG, AlphaOne, gold support holding
      Aug 25, 1:46 PM
    • Robert Edwards: I have sold my low priced shares twice and now buying in 22.30s and will add on any further weakness, to lower average price . I am buying
      Aug 25, 1:48 PM
    • Robert Edwards: JNUG on basis it is 5 days down and don't believe we should see 6 down, but might dip early Tuesday before reversing strong later in the day
      Aug 25, 1:48 PM
    • AlphaOne777: Thanks-might buy some more on this dip!
      Aug 25, 1:49 PM
    • Robert Edwards: At 22.35 JNUG has a bid of 56,200 shares. This is a stopper. I buy one tick above buy stoppers. He was at 22.36 and now sits at 22.35
      Aug 25, 1:50 PM
    • Robert Edwards: Now bid is 59,200 shares of JNUG at 22.35 which involves $1.3 million dollars. Don't see that big of bid very often in JNUG.
      Aug 25, 1:53 PM
    • AlphaOne777: RE: Thanks in again at 22.36 looking forward to tomorrow.
      Aug 25, 1:56 PM
    • Robert Edwards: Gold has not taken out resistance at 1280 all day, yet has not fallen lower than 1276. Will watch to see if we get a late day pop or not.
      Aug 25, 1:57 PM
    • Robert Edwards: Today we formed an inside day closing down pattern, which is bullish and has 66% chance of closing higher tomorrow in gold.
      Aug 25, 2:05 PM
    • Robert Edwards: My system is getting a buy signal in JNUG in here below 22.40, based on buying order imbalances. Should move higher later today.
      Aug 25, 2:11 PM
    • Robert Edwards: I am going to add more JNUG 22.25 and 22.15 if we should slip that low.
      Aug 25, 2:12 PM
    • Lefty6x6: I too am looking to add JNUG around 22.25
      Aug 25, 2:19 PM
    • Lefty6x6: added @ 22.25 looking for more @ 22.00
      Aug 25, 2:50 PM
    • shopvac20: lets see if we will top 4 in NG, .o2 cents off at the moment, looks like it is budding up against the resistance...
      Aug 25, 2:50 PM
    • Hope128: Just bought small $JNUG 22.15. Start learning day trading & use this as a practice.
      Aug 25, 2:53 PM
    • RCamuti: RE Lefty, I started my small scalling into JNUG as I start to work out of my JDST position. I got a fill @ 22.25 and have a 2nd @ 21.75
      Aug 25, 2:59 PM
    • donnavet4pet: Sold 1/6th of my out of range DUST at a tiny profit and bought NUGT @ 41.14 and LO for JNUG @ 20.04.
      Aug 25, 3:10 PM
    • Robert Edwards: Gold is 1279, holding in well. JNUG should be trading a at least 20 to 30 cents higher but it might catch up shortly.
      Aug 25, 3:11 PM
    • davePx: Just bought some Jnug
      Aug 25, 3:13 PM
    • WahahazZz: add more at 22.07. GL everyone.
      Aug 25, 3:23 PM
    • Jaybone20: Added at 22.12 and 22.14
      Aug 25, 3:34 PM
    • AlphaOne777: Bought more JNUG @ 22.02
      Aug 25, 3:47 PM
    • donnavet4pet: Added JNUG @ 22 but that averaged down shares when playing the tetter-totter and they got left on the table so avg. now is 25.43 so too high
      Aug 25, 3:49 PM
    • Robert Edwards: They ran the stops under 22.03 by 5 cents. Got another buy signal down here on the lows. Would like to see JNUG close higher than 22.03
      Aug 25, 3:52 PM
    • Robert Edwards: Made another new low, running more stops and then closed near very low. I will hold till tomorrow. Gold sold off right as JNUG was closing
      Aug 25, 4:01 PM
    • Robert Edwards: which did not help any. Will add in aftermarket around 21.75 if it trades that low. Still looks good for rebound on Tuesday but may be
      Aug 25, 4:02 PM
    • Robert Edwards: sloppy early in the day on Tuesday, depending where gold is trading. Still looking for bullish reversal Tuesday even if JNUG makes early dip
      Aug 25, 4:03 PM
    • zaw77: I add $JNUG at $21.86 in after market
      Aug 25, 4:04 PM
    • AlphaOne777: I am averaged in JNUG @ 22.18 so with a pop tomorrow or Wednesday should be fine.
      Aug 25, 4:05 PM
    • AlphaOne777: Zaw77 : Congrats on that low price purchase!
      Aug 25, 4:10 PM
    • Lefty6x6: solid work everyone. we should all have opps to make a few bux during the week. patience and resolve.
      Aug 25, 4:34 PM
    • RCamuti: With durable goods tomorrow, we may get that push before the move RE is talking about. Might be the time to sell JDST and add JNUG
      Aug 25, 5:12 PM
    • WahahazZz: I think gold should hold for durable goods and consumer confident. but GDP on Thursday is a scary one.
      Aug 25, 6:13 PM
    • Robert Edwards: New article on JNUG GamePlan click http://seekingalpha.com/p/1wmdr
      Aug 25, 9:12 PM
    • Robert Edwards: In the premarket, bot additional JNUG 22.59 to 22.62 which I added to my high shares 22.90 & 23.10 & sold 22.81 & 22.84
      Aug 26, 8:46 AM
    • Robert Edwards: That leaves me only with low priced JNUG. I will add now 22.62 and below and sell some on rallies 22.80 and above.
      Aug 26, 8:47 AM
    • AlphaOne777: Do you think we will get much above $22.80?
      Aug 26, 8:54 AM
    • ptTL9: I hope we get 15% move up, as RE projected yesterday
      Aug 26, 9:23 AM
    • AlphaOne777: That would make my week!
      Aug 26, 9:25 AM
    • shopvac20: I am loving NUGT .. picked up at EOD yesterday ... Also NG hit over 4 this am .. lets see what happens
      Aug 26, 9:35 AM
    • donnavet4pet: Weeks ago I placed a GTC Buy LO for ADEP at 8.81. It just hit it. The stock plummeted 20% to hit it. I am not yet sure why the drop...
      Aug 26, 9:40 AM
    • WahahazZz: Hmmm. US core durable good report was actually below forecast, interesting. Consumer confident is up next.
      Aug 26, 9:51 AM
    • WahahazZz: Consumer confident is above expectation, data came in at 92.4 which above expectation of 89
      Aug 26, 10:04 AM
    • donnavet4pet: ADEP fell because of earnings report. Dougherty has upgraded it from neutral to buy with price target of $12.50.
      Aug 26, 10:14 AM
    • Robert Edwards: Bot into the first dip in JNUG in 22.40s, sold in 22.70s, bot again 22.30s, will sell above 22.50 & keep buying dips, selling rallies.
      Aug 26, 10:26 AM
    • Robert Edwards: gold is not that strong and it is looking like we might have to drop a bit further and may hit low 20s and do an August 5th type reversal
      Aug 26, 10:27 AM
    • Robert Edwards: maybe tomorrow. Today should still close up however and I will be playing from long side in any case.
      Aug 26, 10:27 AM
    • Robert Edwards: Sold SEAS 20.46 & 20.52 so only holding a small position now. Will add more at 20.01 and lower.
      Aug 26, 10:35 AM
    • Robert Edwards: JNUG is trying to fill the gap some. Like a magnet, stocks/ETFs are pulled back to try and fill large gaps which may or may not fill.
      Aug 26, 10:36 AM
    • Robert Edwards: I will typically buy into that weakness but will dump on any strength. So far JNUG acting weak and looking like it is a one day pop.
      Aug 26, 10:38 AM
    • RCamuti: RE, the attached articles from Kitco discuss gold demand in Asia not being as strong. Any thoughts. http://bit.ly/1AQXuxy
      Aug 26, 10:45 AM
    • RCamuti: Also, they are saying that they are not seeing any sort of big rally or drop off in price in the near future.
      Aug 26, 10:46 AM
    • RCamuti: Thats how I read it at least.
      Aug 26, 10:46 AM
    • RCamuti: Does anyone see JNUG popping back up again today?
      Aug 26, 10:48 AM
    • WahahazZz: I agree RE, Since this week has a lot of US data coming in, especially US GDP is coming up. I think it is difficult for gold to move up.
      Aug 26, 10:57 AM
    • Robert Edwards: I am disappointed in JNUG action in here and will be looking for a move to 22.60 today to dump my remaining shares to reposition lower.
      Aug 26, 11:00 AM
    • Robert Edwards: GRPN is breaking out in here, hitting high 6.40s but resistance is just ahead at 6.50 and higher.
      Aug 26, 11:06 AM
    • Robert Edwards: This is starting to look like Deja vu, with JNUG falling into the same range and patterns as yesterday. Hopefully we get that pop to 22.60
      Aug 26, 11:10 AM
    • WahahazZz: However, next week according to the calender, the data report is mostly EU, beside U,S. ISM. might be a better week for gold
      Aug 26, 11:10 AM
    • Robert Edwards: Loaded up at 22.17 to 22.19 in JNUG but sold out 22.33 to scalp, will sell more above 22.50
      Aug 26, 11:25 AM
    • RCamuti: Calendar for economics next week. A lot of US date on teh calendar. http://on.wsj.com/pyt06K
      Aug 26, 11:29 AM
    • RCamuti: August employment is on for next friday.
      Aug 26, 11:30 AM
    • Robert Edwards: Already made my daily quota so will be patient now and not force anything. I still like JNUG on dips just won't go crazy, stay small size
      Aug 26, 11:37 AM
    • RCamuti: Gold hit a resistance @ 1292 and then fell off. RE, could the morning run up in gold be short covering?
      Aug 26, 11:40 AM
    • Robert Edwards: First rally is always short-covering initially. Right now looking like 1295 and 1300 are significant resistance. I am still getting minor
      Aug 26, 11:47 AM
    • Robert Edwards: buy signals in gold but not as strong as yesterday.
      Aug 26, 11:47 AM
    • Hope128: I sold $JNUG 22.5 from 22.15, not a big gain,could have sold more >22.9 this morning but fun to learn something from RE, thanks!
      Aug 26, 11:53 AM
    • RCamuti: RE, what are the trading volumes like today in the gold market?
      Aug 26, 11:55 AM
    • Robert Edwards: Sold JNUG between 22.55 to 22.60 so flat now. Will watch now to decide if I want to take another stab on dips.
      Aug 26, 11:59 AM
    • Robert Edwards: We have had large volume spikes of 1200 contracts. On strong days, you see 2500 to 5000 contract spikes or more. This is vacation week for
      Aug 26, 12:01 PM
    • Robert Edwards: many so it might be hurting gold volumes too. Unfortunately low volume is not as reliable of a buy or sell signal. My system is based on
      Aug 26, 12:03 PM
    • Robert Edwards: reversion to the mean. When extreme sell orders come in, large volume in less than a minute, you have price compression like pushing on a
      Aug 26, 12:04 PM
    • Robert Edwards: coil or spring, and then you can buy that compression and ride up the rebound when the market springs back up. Measuring these compressions
      Aug 26, 12:04 PM
    • Robert Edwards: during the day then I can get buy or sell strength as far as direction and magnitude. Another thing I look at is the bid/ask spreads to
      Aug 26, 12:06 PM
    • Robert Edwards: see if there are order imbalances which is similar to what you get buying or selling on weakness in Wall Street Journal.
      Aug 26, 12:06 PM
    • Robert Edwards: A third thing I look at are buy or sell stoppers, large traders trying to manipulate the market. All 3 work together to help me guess which
      Aug 26, 12:08 PM
    • Robert Edwards: direction we are heading later in the day and/or the next day.
      Aug 26, 12:08 PM
    • Robert Edwards: The first thing I mentioned, compressions, can be buy or sell compressions and I do the opposite of what the market is doing. If there is a
      Aug 26, 12:09 PM
    • Robert Edwards: quick smackdown then I buy for a quick scalp. When there is a surge then I sell into strength and do a short scalp
      Aug 26, 12:10 PM
    • RCamuti: So if doing the opposite of what the market is doing works, would buying JDST today be a good play for scalping? Since it is the weakest?
      Aug 26, 12:33 PM
    • Robert Edwards: Doing the opposite works for very short-term intraday plays, but not necessarily overnight. But all professionals daytraders that I know
      Aug 26, 12:43 PM
    • Robert Edwards: are faders that buy when stops are run. They do the opposite of what the crowd is doing. They tend to be contrarians like me.
      Aug 26, 12:44 PM
    • Robert Edwards: My system tells me if I should be scalping long or scalping short and in the last few minutes my indicators went neutral which means I can
      Aug 26, 12:44 PM
    • Robert Edwards: scalp either JDST or JNUG right now. JNUG is outperforming gold finally but today's action leaves a bit to be desired if a bull.
      Aug 26, 12:45 PM
    • Robert Edwards: I do have a trend following system that works quite well to give me buy & sell points using 10 minute barcharts so not always contrarian.
      Aug 26, 12:47 PM
    • Robert Edwards: RIG finally is having an up day I may buy the next dip, probably tomorrow at 37.50. Getting close to setting a bottom but not confirmed yet
      Aug 26, 12:51 PM
    • Tatt2d: I got SDRL couple weeks ago.
      Aug 26, 1:13 PM
    • skysurfer83: Thoughts on NG RE?
      Aug 26, 1:16 PM
    • RCamuti: Bought a tranche of JDST @ 11.15
      Aug 26, 1:45 PM
    • Robert Edwards: I was going to postearlier that UGAZ was looking toppy above 15.50 and now it is falling. Having trouble busting 4.00 in NG
      Aug 26, 2:28 PM
    • donnavet4pet: TIme to buy some UGAZ. I am glad I sold my in profit shares earlier.
      Aug 26, 2:30 PM
    • rxraider: skysurfer, EIA weekly reports are released every Thurs at eia.gov/naturalgas/. I'm bullish NG. I was fortunate to buy UGAZ at about 13.50.
      Aug 26, 2:43 PM
    • rxraider: If nat gas price falls on or before Thursday morning, it may be a UGAZ buying opportunity.
      Aug 26, 2:43 PM
    • donnavet4pet: Long UGAZ now @ 15.35 which helps me to down average so now long overall @ 19.72. i am on the scenic road to profit. :)
      Aug 26, 2:43 PM
    • vanebfbc: Wow, $JNUG popped big time. Glad I loaded up yesterday near close! Still can hardly believe stocks haven't had a down day since last week.
      Aug 26, 2:50 PM
    • skysurfer83: yeah, I was quite disapoited w last week reports just cuz I was holding UGAZ going into it. Should have sold out and bot back in, so im
      Aug 26, 2:51 PM
    • skysurfer83: trying to fig out a better move for this week.
      Aug 26, 2:51 PM
    • Robert Edwards: JNUG broke out above 23 so I might have to buy now on a dip back to 23
      Aug 26, 2:55 PM
    • shopvac20: NUGT just jumped .. while gold is stable, thinking if I should unload and take today profits.. or are we still going up up up?
      Aug 26, 3:02 PM
    • WahahazZz: out now JNUG, also bought some DGAZ this morning at 4.05 like RE said NG seems to have trouble breaching 4.00
      Aug 26, 3:02 PM
    • Robert Edwards: I was driving and missed the explosion through 23.00 so I was unable to buy into JNUG but will try to catch a dip
      Aug 26, 3:05 PM
    • Robert Edwards: JNUG won't correct so I bot a few shares at 23.30
      Aug 26, 3:08 PM
    • Robert Edwards: will add every 15 cents lower in jnug
      Aug 26, 3:09 PM
    • Tatt2d: Still expect to trend up next day or 2 ofter this pop?
      Aug 26, 3:11 PM
    • AlphaOne777: Sold too soon but still made good money today...Thanks RE
      Aug 26, 3:31 PM
    • Robert Edwards: JNUG was a skanky thing for sure. Straight down and straight up. Once it started rallying it changed into bull mode and never looked back
      Aug 26, 3:38 PM
    • Robert Edwards: JNUG went from underperforming gold to overperforming gold and hard to predict when the light turns on green in JNUG.
      Aug 26, 3:39 PM
    • Robert Edwards: Sloppy gold was making me and everyone else untrusting of JNUG based on yesterday's action. The big question is tomorrow's action.
      Aug 26, 3:39 PM
    • Robert Edwards: yesterday we slid late in JNUG. If we do that today, we will fall back to 23.00 where I will buy more.
      Aug 26, 3:40 PM
    • Robert Edwards: the high should not be made in the premarket so when JNUG got above the 22.80s, it was showing strength and I should have gotten long again
      Aug 26, 3:43 PM
    • Robert Edwards: But then I decided to wait for a break of 23.00 on a stop and cancelled my buy stop orders before I got into a car to drive home.
      Aug 26, 3:44 PM
    • Tatt2d: Bailed on JNGT at break even, keeping NUGT for hope
      Aug 26, 3:44 PM
    • NicoDuzit: RE...are you holding JNUG overnight?
      Aug 26, 3:44 PM
    • Robert Edwards: I lost about 50 cents of potential from 22.80 to 23.30 but I made my quota early and kinda took the rest of the day off.
      Aug 26, 3:45 PM
    • Robert Edwards: Gold is looking pretty sick right now. Will be interesting to see if gold can add to today's gains tomorrow. If not, JNUG tough 2 rally.
      Aug 26, 3:48 PM
    • Robert Edwards: Just took a look at the JDST chart. Looks like JDST could bottom in 2 days which means JNUG could rally for 2 days. Will add JNUG on close.
      Aug 26, 3:50 PM
    • Robert Edwards: Looked at gold chart, bullish engulfing pattern today, could reach 1300 by Thursday and probably then roll over. JNUG could hit 25 or 26
      Aug 26, 3:53 PM
    • Robert Edwards: caught that dip to 23.10 in JNUG, that is better, now sold out shares bot at 23.30 for small profit.
      Aug 26, 3:56 PM
    • Robert Edwards: Did you see that sketchy action on the close. Bot JNUG 23.15 and a bit lower and sold out 23.35 and 23.43 several times in a few seconds.
      Aug 26, 4:01 PM
    • RCamuti: RE, i went against the grain and bought JDST @ 11.15 and again @ 10.85 to hold for after market or tomorrow. Gold did not perform well IMHO.
      Aug 26, 4:03 PM
    • RCamuti: Sold out of my JNUG shares for a profit, and positioning to buy more JDST on weakness.
      Aug 26, 4:04 PM
    • Robert Edwards: Late today made up for the part I missed from 22.80s to 23.30, LOL!
      Aug 26, 4:04 PM
    • RCamuti: Gold did not hold its double digit gains it had today. When gold was up to 1292 JNUG was @ 22.83, when it was weak JNUG is @ 23.25.
      Aug 26, 4:07 PM
    • RCamuti: Something doesn't make sense to me here.
      Aug 26, 4:07 PM
    • Robert Edwards: JNUG underperformed gold yesterday as gold was only down a couple dollars and JNUG fell over 5%. Today JNUG made up for it by rallying &
      Aug 26, 4:09 PM
    • Robert Edwards: now the pendulum swung the other way and JNUG is outperforming. I do think that gold might work higher for 1-2 more days to try to hit 1300
      Aug 26, 4:10 PM
    • Robert Edwards: and JNUG could hit 25 to 26 in the process. I am going to play JNUG and you RC can play JDST and maybe we both make money a week from now
      Aug 26, 4:10 PM
    • Robert Edwards: It takes 3-4 weeks of consolidation before JNUG switches from bearish to bullish so this could be the time to play teeter/totter
      Aug 26, 4:11 PM
    • Robert Edwards: I see potential for JNUG to pop 10% here and JDST to fall 10% over the next couple days. I will look to buy JDST at 10 in two days maybe
      Aug 26, 4:15 PM
    • RCamuti: European data tomorrow will most likely put pressure on the Euro and put strength into the dollar.
      Aug 26, 4:17 PM
    • Robert Edwards: I don't trust gold at all RC, but still see JNUG as oversold and feel like buying dips in JNUG for now until we see 25 in JNUG
      Aug 26, 4:19 PM
    • Robert Edwards: I might be buying JNUG down to 20 or whatever it wants to do, but feel like a move to 25 is in the cards very short-term.
      Aug 26, 4:19 PM
    • Robert Edwards: Bot JNUG in aftermarket 23.13. Will hold for morning pop.
      Aug 26, 4:55 PM
    • Lefty6x6: sold JNUG (22.50) at 23.30 for a nice scalp. Sitting on JNUG (22.25) to unload tomorrow; could have dumped today above 23 for another scalp
      Aug 26, 5:57 PM
    • Lefty6x6: but figured I'd let it ride. Will buy JDST tomorrow (say 10ish) and sell remaining JNUG at the same time, as the teeter totter is rocking.
      Aug 26, 5:59 PM
    • Robert Edwards: New article on Burger King (BKW) click http://seekingalpha.com/p/1wq51
      Aug 27, 2:40 AM
    • Robert Edwards: bot BKW 30.06 & 29.86
      Aug 27, 9:42 AM
    • Robert Edwards: Sold my JNUG 23.60s in hopes of catching a dip to buy lower.
      Aug 27, 9:45 AM
    • Robert Edwards: bot more BKW 29.54, hopefully 29.50 stops the selloff for now. Have not bot JNUG back as acting weak
      Aug 27, 10:06 AM
    • Robert Edwards: Got a nice bounce back above 30.00, looking like under 30.00 was a good place to buy BTW. Took profits 30.10, will keep adding on dips
      Aug 27, 10:20 AM
    • Robert Edwards: still holding my low shares bot at 29.54, will hopefully get back to 30.50 to 31 to dump remainder of shares in BTW
      Aug 27, 10:21 AM
    • Robert Edwards: BKW and not BTW, typo
      Aug 27, 10:22 AM
    • AlphaOne777: RE. ... Any thoughts on SWHC ?
      Aug 27, 10:49 AM
    • Robert Edwards: I have played RGR in that same category, Alpha One, but it and Smith & Wesson have the same chart pattern pretty well. I do believe these
      Aug 27, 10:52 AM
    • Robert Edwards: 2 stocks will bottom somewhere, just not showing anything yet. I like the stocks on a long-term basis and feel this selloff is a buying
      Aug 27, 10:53 AM
    • Robert Edwards: opportunity. Right now SWHC should bottom shortly, will monitor for a buy point. Thanks for bringing to my attention, added to watch list
      Aug 27, 10:55 AM
    • Robert Edwards: bot some JNUG 22.99, will add on further weakness for quick scalp, but sell on a small pop
      Aug 27, 10:57 AM
    • AlphaOne777: Thank you for your opinion. I just missed a 29.55 buy on BKW earlier so hoping to get another opportunity. That was a good call of yours!
      Aug 27, 10:59 AM
    • donnavet4pet: Sold my UGAZ from yesterday a little late but still 30 cents/share profit. It is now below yesterday's low. It may soon be a buy again.
      Aug 27, 12:08 PM
    • donnavet4pet: Oops, not yet below yesterday's low....
      Aug 27, 12:09 PM
    • AlphaOne777: Bought some SWHC @ 11.29 hoping for a pop end of day.
      Aug 27, 12:16 PM
    • Robert Edwards: Bot some UGAZ 15.22 for scalp
      Aug 27, 12:54 PM
    • Robert Edwards: Bot more UGAZ just under 15.10, and now sold my high shares 15.30
      Aug 27, 1:19 PM
    • Robert Edwards: Sold low UGAZ shares 15.45. Now flat.
      Aug 27, 1:35 PM
    • Robert Edwards: Found this article for RC, about gold not selling off, click http://yhoo.it/1p8qt7k
      Aug 27, 1:35 PM
    • RCamuti: I'll read it now, thanks for looking out RE.
      Aug 27, 1:42 PM
    • RCamuti: This light volume is making it very hard to do much of anything in the gold miners.
      Aug 27, 1:43 PM
    • RCamuti: I guess when it comes down to it, I am not a believe that gold will continue the rally it started earlier this year.
      Aug 27, 1:46 PM
    • RCamuti: & with that falling price, the miners should fall as well. When gold was rallying due to Geopolitics, it didnt exactly explode to the upside
      Aug 27, 1:48 PM
    • RCamuti: Gold had a 12 year rally and corrected for about 3 now. In the soon to be rising rate environment, gold doesn't seem like the smart play.
      Aug 27, 1:49 PM
    • RCamuti: Also, the demand for gold out of China and India doesn't look like its starting to mount right now. Demand has crept up, but only slightly.
      Aug 27, 1:50 PM
    • Robert Edwards: The recent range in gold is 1180 to 1410 so 1295 is about the midpoint. Below 1295 they buy gold and above 1295 they sell it. Equillibrium
      Aug 27, 1:50 PM
    • davePx: Equities will be taking a break money should move ...supporting gold
      Aug 27, 2:06 PM
    • Tatt2d: RE - SEAS, you forecast the same upward trend rate when we pass $21?
      Aug 27, 2:14 PM
    • Robert Edwards: $21 is initial resistance in SEAS. Will have to see if it can break through and shoot for 24 or not.
      Aug 27, 2:23 PM
    • Robert Edwards: Dumped out of UGAZ about 30 cents too soon. Worried about the inventory report tomorrow though and wanted to get out quick today
      Aug 27, 2:25 PM
    • shopvac20: NG is all over the place today .. fun to watch!! I am in UGAZ at the moment. Also looking for possible exit to NUGT ... gold seems ...
      Aug 27, 2:28 PM
    • shopvac20: to be a non mover since falling this morning..
      Aug 27, 2:28 PM
    • Robert Edwards: The reason that I am a technician and not a fundamentalist, is that I figure all fundamentals are already factored into the price. So all
      Aug 27, 2:37 PM
    • Robert Edwards: the bearish factors on gold are all known and that is the reason gold is where it is. Can't go lower unless there is worse bad news. If we
      Aug 27, 2:38 PM
    • RCamuti: With this light volume, any of the reports tomorrow can move the gold market to either extreme.
      Aug 27, 2:38 PM
    • Robert Edwards: have more of the same, gold goes sideways like now. Has to worsen. Also since gold sentiment is very poor, does not take much to perk it
      Aug 27, 2:38 PM
    • Robert Edwards: up and get a pop to upside, if it turns out to not quite be as negative as before. The greater negativity, the harder to keep it down.
      Aug 27, 2:39 PM
    • Robert Edwards: If I determine that my son is an "F" student, then he gets rewarded if he gets a D, C, B, or A. An "F" is okay too as he is working at his
      Aug 27, 2:42 PM
    • RCamuti: RE, i don't doubt you are a technical genius, you always are right now the money. At least that what I think.
      Aug 27, 2:43 PM
    • Robert Edwards: potential. Right now gold might be close to being an "F" student so bottom is limited. Gold either plays to "F" potential and goes sideways
      Aug 27, 2:43 PM
    • Robert Edwards: or rallies if it scored a "D" or higher. I am a contrarian and contrarians buy the unloved and right now gold and miners are unloved.
      Aug 27, 2:44 PM
    • RCamuti: You know your technical trades better than anyone, and your research always takes as many factors as possible into account.
      Aug 27, 2:44 PM
    • RCamuti: I guess I have a hard time conceiving though as to why gold should go higher, when my research has me thinking otherwise.
      Aug 27, 2:45 PM
    • Robert Edwards: Wish that I had played JNUG to that last pop to 23.60+ but I was already out. Will look to buy JNUG again in low 23s
      Aug 27, 2:46 PM
    • RCamuti: Maybe I put too much weight on the reports that are released daily on CNBC, and I forget that those reports are most likely factored in.
      Aug 27, 2:46 PM
    • Robert Edwards: I have accumulated a pretty good size position of BKW in the 29.90s and looking for a pop to 30.50 late today or tomorrow to unload.
      Aug 27, 2:47 PM
    • RCamuti: I try to keep an open mind, but right now i am very much heavily in JDST right now going into tomorrow's GDP & JOBS report.
      Aug 27, 2:48 PM
    • RCamuti: Also, I do put a lot of weight into the weakness we continue to see out of Europe, believe we will see QE in Europe soon.
      Aug 27, 2:49 PM
    • Robert Edwards: That is the ticket RC! News is only news before it is known by the masses. By the time the media reports the news, it is not news anymore
      Aug 27, 2:49 PM
    • Robert Edwards: and you would do better to do the opposite. I believe in buying after a stock is downgraded because how could news get any worse! Gold news
      Aug 27, 2:50 PM
    • Robert Edwards: is pretty poor right now. Could get worse, but maybe not. A lot of bad, but maybe not quite all is factored in. However, unlikely gold
      Aug 27, 2:51 PM
    • Robert Edwards: takes out 1180 or 1200 anytime soon, and maybe not 1240. Right now can't get gold to fall below 1260 or even 1275.
      Aug 27, 2:52 PM
    • Robert Edwards: Remember you buy the rumor and sell the fact. In the case of Euro weakness, they are killing the Euro now, on threat of easing. By the time
      Aug 27, 2:53 PM
    • Robert Edwards: they actually ease, Euro will rally. The bottom in the Euro is probably very close and the top in the dollar is also very close and time to
      Aug 27, 2:54 PM
    • Robert Edwards: kill gold is running out. If Russia/Ukraine settles a bit, Euro could rally even with easing about to start. Traders are already short
      Aug 27, 2:55 PM
    • Robert Edwards: the Euro, long the US Dollar and short gold. Bottoms are made when everyone is short, not long. The more bearish traders are, closer to
      Aug 27, 2:57 PM
    • Robert Edwards: bottom we are. Only so many traders will make money, so gold has to rally to force some shorts to cover. Lots of short positions in gold
      Aug 27, 2:58 PM
    • Robert Edwards: and shorts in Euro tells me there is buying fuel sitting there ready for a match, a spark to get going to the upside. Just need a catalyst
      Aug 27, 2:58 PM
    • RCamuti: right now i am in JDST with avg. of 11.95. I am looking for my out or to at least lighten up so I can Teeter and win with both long & short.
      Aug 27, 3:01 PM
    • Robert Edwards: There are takeover rumors in Junior mining sector, helping GDXJ and JNUG and hurting JDST. Takeovers could rally the Juniors with gold
      Aug 27, 3:02 PM
    • Robert Edwards: actually falling in price. The takeover potential could someday pop JNUG big and kill JDST, making JDST especially vulnerable long term.
      Aug 27, 3:03 PM
    • Robert Edwards: Also the miners have fallen twice as much as the metal the last couple years so metal can go sideways and miners can rally pretty good.
      Aug 27, 3:05 PM
    • Robert Edwards: Miners tend to lead the metal and not the other way around. Miners can bottom 3 to 6 months ahead of the metal, another concern for shorts.
      Aug 27, 3:05 PM
    • Robert Edwards: On a long-term basis, miners are still quite depressed and betting on further depression is stretching the rubber band to the point of
      Aug 27, 3:06 PM
    • RCamuti: RE, I am sure you are right, but right now i am trying to work my way out of this current trade. Selling winning shares and repositioning.
      Aug 27, 3:06 PM
    • Robert Edwards: breaking at some point. A lot of bearishness is definitely factored into the miners, more so than gold. Miners can rally with gold going
      Aug 27, 3:07 PM
    • RCamuti: As you have told many of us to do, sell winners, and get ready to get back in on weakness. I will be redeploying cash as opportunity allows.
      Aug 27, 3:08 PM
    • Robert Edwards: sideways or even slightly lower. I usually like NUGT but the fact that I am comfortable playing JNUG means I feel downside is limited in
      Aug 27, 3:08 PM
    • Robert Edwards: washed out Junior miners and right now, JNUG has more pop potential than NUGT. JNUG is vulnerable to a selloff back to 19, 16 and 13 but
      Aug 27, 3:09 PM
    • Robert Edwards: JNUG should then pop to 30, 43, or much higher going forward at some point. If JNUG falls under 20 then I will be buying aggressively.
      Aug 27, 3:09 PM
    • Robert Edwards: You are right RC, gold has not shown a lot, and on dips to 10.00, I do like JDST for a short-term trade. Just need to keep working things
      Aug 27, 3:11 PM
    • Robert Edwards: out and balancing some where you can by buying dips in NUGT/JNUG.
      Aug 27, 3:12 PM
    • Robert Edwards: I said recently that if gold fell through 1275 and went straight down to 1260 or 1240, then gold could reverse and pop straight to 1380.
      Aug 27, 3:13 PM
    • Robert Edwards: Since 1275 held and we have gone nowhere, the oversold condition in gold has been worked off and now we may make a feeble attempt to test
      Aug 27, 3:14 PM
    • Robert Edwards: 1300 and then roll over. From a contrarian standpoint, had gold been weaker, making bears happy, could have gotten so imbalanced a big
      Aug 27, 3:15 PM
    • Robert Edwards: shortcovering rally would ensue. However, now that is off the table. Now we have slow plod back to 1300 and between 1300 to 1305 could
      Aug 27, 3:16 PM
    • Robert Edwards: roll over and slip slide away for the remainder of the year maybe. No reason to panic with JDST right now. Someday may change but not now
      Aug 27, 3:17 PM
    • Robert Edwards: I am bullish short-term (looking for move back to 1300) but not so bullish into the end of 2014.
      Aug 27, 3:18 PM
    • Robert Edwards: If you are in JDST at 11.95 average, very doable to get even and then ahead. My best attribute is working out of a mess, turning loss to a
      Aug 27, 3:22 PM
    • Robert Edwards: profit. One thing RC you might be able to do to help yourself, is to sell a few shares of JDST every time JDST pops 30 cents, and then wait
      Aug 27, 3:23 PM
    • Robert Edwards: for a dip to buy back. I do this trick all the time when I am stuck in a position during the day. I get frustrated and sell 20% of my
      Aug 27, 3:24 PM
    • Robert Edwards: position and then buy back lower. When I do buy, I might buy double size. Then average out that many shares on a rally plus take a loss
      Aug 27, 3:25 PM
    • Robert Edwards: on 20% to 50% of my highest shares which I then buy back on a dip, and lower my price. When I am uncomfortable holding something then I sell
      Aug 27, 3:26 PM
    • Robert Edwards: part on a small rally, and another dime higher, sell more, another dime higher, sell more. Eventually the rally ends and then I buy back
      Aug 27, 3:26 PM
    • Robert Edwards: on the dip and can really help myself. Sometimes I will end up taking an intraday loss of $50, $100 or even $300 if I have equal $$ in
      Aug 27, 3:27 PM
    • Robert Edwards: another trade to cover it. I don't have limits on the number of trades that I do per day so with 200 trades per day, I can get big $$ quick
      Aug 27, 3:30 PM
    • Robert Edwards: Again, why I like futures over stocks because stocks require collected funds. What a ridiculous concept. Funds should be instantaneously
      Aug 27, 3:32 PM
    • Robert Edwards: collected. Like banks telling you that funds have to clear. All my banks have agreed to give me my money whether funds cleared or not.
      Aug 27, 3:33 PM
    • skysurfer83: Don't you end up w a bunch of wash sales like that RE. I hate that my cost basis keeps getting re adjusted
      Aug 27, 3:36 PM
    • skysurfer83: Do you see gold rally again today and tomorrow RE. I was on a plane all day and missed selling JNUG today
      Aug 27, 3:40 PM
    • skysurfer83: Took a very nice profit on UGAZ tho as I had a limit order. Gonna wait for a dip after report tom and buy the loser for a quick rally
      Aug 27, 3:41 PM
    • skysurfer83: You can free ride on margin to avoid that RE but i agree, the T+3 is major BS to help the big players n screw the retail investor
      Aug 27, 3:43 PM
    • RCamuti: RE, at this point, i will be holding tight till tomorrow.
      Aug 27, 3:51 PM
    • Robert Edwards: Wash sales defer any losses but you don't lose them ultimately. When I move onto a new stock for a month then I finally get the benefit
      Aug 27, 3:52 PM
    • Robert Edwards: back of what they may have screwed me previously. After Thanksgiving then I daytrade futures and don't daytrade stocks to avoid end of year
      Aug 27, 3:52 PM
    • Robert Edwards: problems if I am concerned. But if I do have some wash sales in 2014, I may have to report a higher income for 2014 but will get the
      Aug 27, 3:53 PM
    • Robert Edwards: adjustment back in 2015. Wash sales are another ridiculous concept that needs to go away.
      Aug 27, 3:55 PM
    • Robert Edwards: Just bot some JNUG 23.04, will add more on any weakness into the close
      Aug 27, 3:55 PM
    • Robert Edwards: Dumped a good portion of 29.90s BTW at 30.20, so did not make the big bucks but freed up cash and reduced risk of holding overnight.
      Aug 27, 3:57 PM
    • skysurfer83: Yeah last here i ended up paying in due to almost 2k in disallowed losses. I'll try n reap the benefit this year
      Aug 27, 3:58 PM
    • skysurfer83: Now I'm back in the red on JNUG after missing great sell opportunity today. Mad at my self for not having limits order in place
      Aug 27, 3:59 PM
    • Robert Edwards: Sky, I am buying some JNUG in the aftermarket for a morning pop. You should get a good chance to sell tomorrow.
      Aug 27, 4:07 PM
    • skysurfer83: Nice. I'm overly weighted right now w 850 share at 23.22 avg. i need it free up cash to move back into NG. As usual ty for the great analysi
      Aug 27, 4:50 PM
    • Tatt2d: As a beginner, I'm going to start to copy and paste all of RE and RC comments for future reference. This thread is golden.
      Aug 27, 5:27 PM
    • RCamuti: Tatt, im sure RE will agree with me when I say I'm flattered that you think highly of my thoughts on gold prices
      Aug 27, 5:45 PM
    • Tatt2d: Ya'll keeping each other honest. I like it.
      Aug 27, 6:01 PM
    • Lefty6x6: the junior miners have been slashing and cutting expenses for almost 2 years. M&A activity is more likely now that smaller companies can...
      Aug 27, 7:53 PM
    • Lefty6x6: merge and create even more efficiencies in their space. That means lower capex to operate and bring the shiny yellow rock out of the ground
      Aug 27, 7:55 PM
    • Lefty6x6: demand still rules the day,second is the perceived safety of gold vs market volatility, third is the operating cost as they relate to profit
      Aug 27, 7:57 PM
    • Lefty6x6: when cost cutting is spent, look for a slow down in production to keep prices near a certain level. it only makes sense - if there is demand
      Aug 27, 7:59 PM
    • Lefty6x6: and you cant cut your capex and production costs any more, the only way to keep the margin on your product is to restrict supply to keep
      Aug 27, 8:00 PM
    • Lefty6x6: demand, ergo cost, ergo profit at a certain level. it's already happening in that miners (majors and juniors) are openly saying that they
      Aug 27, 8:01 PM
    • Lefty6x6: plan to develop and attempt to open FEWER new mines in the next 3-5 years. 1, they can't afford the capex to do and 2, it is consistent w
      Aug 27, 8:02 PM
    • Lefty6x6: reducing supply by way of less production. juniors merging is the default way to acquire more mines without the costs of doing it yourself.
      Aug 27, 8:05 PM
    • Lefty6x6: then again...the more I know - the less I understand.
      Aug 27, 8:06 PM
    • Robert Edwards: Sounds like you have a lot of wisdom Lefty. Thanks for sharing!
      Aug 27, 8:21 PM
    • shopvac20: "The more I know, the less I understand" love it lefty !!!
      Aug 27, 9:13 PM
    • shopvac20: nice run up in gold starting last night, carried through... looking now as the past three days this is where it would breakdown.
      Aug 28, 8:52 AM
    • shopvac20: NG touches 4.05 ... interesting, looks like the forecast is about 79 .. see what happens!!
      Aug 28, 9:29 AM
    • Robert Edwards: sold my JNUG in premarket in 24.20s but bot back 23.80s and now dumped nearly all 24.09. Will buy on dips till we hit 25 to 26
      Aug 28, 9:45 AM
    • Robert Edwards: In aftermarket yesterday, got some BKW 30.15 and sold in 30.60s today. Still own half a position looking for 31+ Will buy on any weakness
      Aug 28, 9:47 AM
    • Robert Edwards: just sold 1/4 position of BKW 31.07, holding onto 1/4 position for more pop
      Aug 28, 9:51 AM
    • Robert Edwards: sold remaining BKW 32.00, nice run there. will likely be buying UGAZ following report at 10:30 a.m. EST
      Aug 28, 9:56 AM
    • shopvac20: Looking at DUST, RE, the pattern the past couple days looks to be playing out again, gold strong early am and fades.. thoughts ?
      Aug 28, 9:56 AM
    • shopvac20: PS sold out of my NUGT right after market opened, either looking at buying back lower, or riding dust lower then switching again
      Aug 28, 9:56 AM
    • Lefty6x6: it's our morning pop..there is almost always a spike at the open (which makes holding overnight enticing for those that don't need sleep)
      Aug 28, 10:00 AM
    • Lefty6x6: then then sell the high one and buy the low one mechanism of the teeter totter comes into play the ride that one up thru the day and dump it
      Aug 28, 10:01 AM
    • Lefty6x6: make money on both sides. the reality is that $ can (and should) be made in these ETF's regardless of direction - that's why they exist.
      Aug 28, 10:02 AM
    • Robert Edwards: caught some JNUG 23.66 on that dip, will continue to buy dips in JNUG till we hit above 25
      Aug 28, 10:02 AM
    • skysurfer83: When do you see it hitting 25 RE? Do you think dips will be back in low 23s?
      Aug 28, 10:25 AM
    • Robert Edwards: I think JNUG could hit 25 tomorrow or even later today if gold turns around and starts to rally.
      Aug 28, 10:28 AM
    • donnavet4pet: CLF is down 4.5% to 15.17. Bought some at 15.30 when started going back up.
      Aug 28, 10:38 AM
    • Lefty6x6: in jnug @ 23.65 -sell order for 24.75 , in jdst @ 10.75 -sell order for 11.25 lets see if either side of that teeter totter goes that high.
      Aug 28, 10:41 AM
    • RCamuti: Avg JDST position is now 11.87, bought more in the premarket. since then, gold has weakened quite a bit. Gold cant seem to hold early gains.
      Aug 28, 10:41 AM
    • RCamuti: All the US data came in today above expectations, which is pressuring gold in the US market. I am of the view that gold peaked this AM.
      Aug 28, 10:47 AM
    • RCamuti: and will continue to weaken as the day continues.
      Aug 28, 10:47 AM
    • Robert Edwards: looking for one surge in gold to get everyone excited and then failure, thinking that surge should cause JNUG to hit 25 before rolling over
      Aug 28, 10:47 AM
    • Robert Edwards: we have not had any intraday strength in gold and think we might get one surprise gold surge during day to get out of JNUG & buy JDST cheap
      Aug 28, 10:49 AM
    • Robert Edwards: might be a news event, may be a large buy order that overwhelms the market, but looking for one surge up before rolling over
      Aug 28, 10:50 AM
    • RCamuti: RE, with the kind of trading action we had in gold the next few days, what are your expectations for tomorrow so far?
      Aug 28, 10:50 AM
    • RCamuti: Gold has slipped below 1290 again, do you expect another run up in gold? or is that what you would prefer?
      Aug 28, 10:52 AM
    • RCamuti: European data all came in below consensus. With ECB meeting next week. Dollar should continue its rally against the Euro.
      Aug 28, 10:55 AM
    • Robert Edwards: placed small buy order in CLF 15.20, will add on any further weakness
      Aug 28, 10:57 AM
    • donnavet4pet: I set a buy LO for DUST @ 15.29 and buy LO for JDST @ 10.30 in preparation for gold's rally but my prices might be asking too much of gold.
      Aug 28, 10:59 AM
    • donnavet4pet: RE - goo buy price for re-entry into UGAZ...sold my profitable shares this morning and am thinking about waiting until a correction.
      Aug 28, 11:11 AM
    • Robert Edwards: I am still getting buy signals based on order balances in gold & need a surge to get the indicators to get overbought enough to turn to sell
      Aug 28, 11:14 AM
    • Robert Edwards: Right now, gold is 2 steps up, one step back, slow melt up and needs to get short-covering/buying to change the dynamic.
      Aug 28, 11:15 AM
    • Robert Edwards: I have a count system (cycles) that I use that tells me when something is about to turn up and it is calling for a low today in CLF and CLF
      Aug 28, 11:23 AM
    • Robert Edwards: should start moving up tomorrow, and should pop at least $1 off the low, so if $15 holds as support, should pop to $16 by Monday or Tuesday
      Aug 28, 11:24 AM
    • Robert Edwards: If 14.50 is the bottom on this down move, should get back to 15.75 in the next few days. Will be fun to see if this works out.
      Aug 28, 11:24 AM
    • Robert Edwards: My "Count" system is totally hocus pocus and I am very suspicious of the results but I still watch to see if things work out as planned.
      Aug 28, 11:26 AM
    • Robert Edwards: CLF is at a perfect place in time and price level to turn back up for a small rally and then will probably roll back over & turn weak again
      Aug 28, 11:27 AM
    • Robert Edwards: Leaving UGAZ alone as I do not like the action. Pop above $4 is failing in here. Will wait for lower prices to buy.
      Aug 28, 11:28 AM
    • Robert Edwards: Donna, you did well to take advantage of today's rally to dump from UGAZ. That's the way to do it. Thanks also for pointing out CLF dip
      Aug 28, 11:29 AM
    • RCamuti: RE, looks like your getting the move you wanted in JDST & JNUG
      Aug 28, 11:29 AM
    • Robert Edwards: as I had not looked at it today when you mentioned it. Then did some research and figured out I wanted to buy a bit in here for fun.
      Aug 28, 11:29 AM
    • RCamuti: Gold should be hitting resistance around 1291.50
      Aug 28, 11:31 AM
    • RCamuti: at least that was the resistance based on yesterdays closing price.
      Aug 28, 11:32 AM
    • Robert Edwards: overnight gold hit up around 1297 and I am still waiting for a day that the overnight highs are taken out.
      Aug 28, 11:49 AM
    • skysurfer83: Today reminds me of that discussion we had about trading while on the beach as it's exactly what I'm doing in FL. Thx RE, i feel like a
      Aug 28, 11:58 AM
    • skysurfer83: Dream came through and I can def get used to this life haha.
      Aug 28, 11:58 AM
    • Robert Edwards: Dumped my JNUG at 24.20 because JNUG was unable to extend the rally and we only came close to the highs seen in premarket.
      Aug 28, 12:02 PM
    • WahahazZz: Nat G. injection of 75, below 78 expectation. DGAZ is forming bullish engulfing in daily chart. NG chart doesnt look good for the bull.
      Aug 28, 12:10 PM
    • RCamuti: Donna, your 10.30 JDST may come in.
      Aug 28, 12:34 PM
    • shopvac20: with cooler weather coming up (but not cold enough to turn the heat on) I would imagine NG to drop alittle.. still some hot days ahead tho
      Aug 28, 12:44 PM
    • shopvac20: we also have hurricane season with threats happening .. which would rise the price.. and still under the 5 year avg..
      Aug 28, 12:45 PM
    • shopvac20: if i can grab more UGAZ at 13 - 13.50 .. i would love it going into winter .. dont know if we will get that low again tho
      Aug 28, 12:45 PM
    • WahahazZz: Depend on the autumn weather really, which is difficult to predict in term usage in gas, 14 might be a baseline buying in UGAZ
      Aug 28, 12:54 PM
    • ag5059: is it time to buy JDST
      Aug 28, 2:05 PM
    • WahahazZz: what a swing in UGAZ and DGAZ.
      Aug 28, 2:10 PM
    • shopvac20: love it, as I am still holding UGAZ. if we get weakness going into the fall, then Ill take the opportunity to add. but I like seeing green
      Aug 28, 2:25 PM
    • Robert Edwards: Nat gas hits up to 4.10 area and then falls to 3.98s and now trying to come back half way up. Nat Gas is just wild with no price integrity.
      Aug 28, 2:35 PM
    • davePx: Bought and sold UGAZ twice ....expecting to continue but generally continue upwards...I love it today
      Aug 28, 2:38 PM
    • davePx: Natural gas not likely to be able to reach injection objectives with weather and storm season...lots of volitility on the news
      Aug 28, 2:40 PM
    • glaserdx: Robert-- why not short puts in $CLF?
      Aug 28, 2:59 PM
    • shopvac20: fun action in ng today .. thats about all the fun i had, my other picks are just be duds today
      Aug 28, 3:03 PM
    • davePx: Yes shop not getting much selling done today
      Aug 28, 3:25 PM
    • Robert Edwards: I thought about selling puts on CLF but waiting until tomorrow to see if 15support holds first.
      Aug 28, 3:26 PM
    • RCamuti: Donna, your 10.30 price target is very close.
      Aug 28, 3:28 PM
    • glaserdx: thank you
      Aug 28, 3:28 PM
    • davePx: It seems gold can go either way with issues in Ukraine and US dollar being a safety net as well. Stocks are still
      Aug 28, 3:30 PM
    • davePx: Strong holding money that could flow to gold etf's
      Aug 28, 3:30 PM
    • rxraider: Added some UGAZ at 16. Brings my average up above 14. Like a bear stocking up, getting ready for winter.
      Aug 28, 3:32 PM
    • rxraider: Sold some JDST yesterday at 11, and today at 10.50 at a loss. May reposition on next big gold bounce.
      Aug 28, 3:32 PM
    • Lefty6x6: changed my JNUG sell to 24.50 - as I think it is running out of steam. looking for more JDST @ 10.30
      Aug 28, 3:42 PM
    • donnavet4pet: JDST did get close to 10.30. I am glad it didn't hit it if gold will be higher tomorrow. Seeing it sink from there would be uncomfortable.
      Aug 28, 4:03 PM
    • Robert Edwards: Right on the close, JNUG dipped and I was able to buy at 24.12, sell in a few seconds at 24.30 and buy again 24.12. Great pin action!
      Aug 28, 4:06 PM
    • Robert Edwards: I am now set up with a position to carry overnight in JNUG to sell out on morning strength.
      Aug 28, 4:06 PM
    • davePx: Just closed up 10.58....a nice pop!
      Aug 28, 4:08 PM
    • davePx: That is JDST!
      Aug 28, 4:09 PM
    • RCamuti: I am holding tight with my JDST position. Not sure if the unrest in the Ukraine will continue to bulster gold. US data we exceptionally good
      Aug 28, 4:53 PM
    • RCamuti: CNBC is pushing for people to be in gold, especially when the dollar is rising in correlation with gold. RE, what are your thoughts on this?
      Aug 28, 5:14 PM
    • Lefty6x6: CNBC -- crap n better crap -- that dude santelli yells for no reason.
      Aug 28, 5:31 PM
    • davePx: Gold really has been a safe haven move but the US dollar has been so strong it also is a safe haven ...I would have thought in this
      Aug 28, 7:06 PM
    • davePx: Correlation has a flaw...
      Aug 28, 7:07 PM
    • davePx: Rising dollar will cause money to flow out of gold as an investment I would think
      Aug 28, 7:08 PM
    • zaw77: I am looking for 1300 in Gold today and $JNUG between $25 and $26 - it seems well so far. Robert could pls you start new thread.
      Aug 29, 9:13 AM
    • donnavet4pet: RE: Watching CLF continue to fall. I have 100 shares @ 15.35 and do want to down average. At what price are you getting the pickup truck?
      Aug 29, 9:44 AM
    • Robert Edwards: Next support level on CLF is 14.50 and then 14.00. Best place to buy would be 14.55 and 14.05 if it drops that low.
      Aug 29, 9:59 AM
    • Robert Edwards: I dumped out of my CLF at a small profit already in premarket and bot CLF 14.75, & trying to buy again 14.62 and 14.51.
      Aug 29, 10:01 AM
    • donnavet4pet: Thanks RE.
      Aug 29, 10:03 AM
    • Robert Edwards: This thread is getting too long so started a new thread.
      Aug 29, 10:06 AM
    • davePx: Yes thx Robert, timely advice
      Aug 29, 10:10 AM
    • AlphaOne777: Bought CLF @14.75 out at 14.95 for gas money!
      Aug 29, 10:15 AM
    • AlphaOne777: out at 14.91 error above
      Aug 29, 10:17 AM
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