Seeking Alpha
  • Robert Edwards
    Like action in $JNUG, $SEAS, $KING, $UGAZ, $GRPN, etc. Playing teeter/totter using $NUGT, $DUST, $JDST, $GLD, $GDX, $GDXJ
    8/24/14
    Reply (409)
    • Robert Edwards: wrote new article, click http://seekingalpha.com/p/1wj2b
      8/24/14
    • Lefty6x6: certainly should be a profitable week.....
      8/24/14
    • AlphaOne777: Thanks for the heads up on the new week!
      8/24/14
    • WahahazZz: Thank you RE for the heads up
      8/24/14
    • 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.
      8/25/14
    • 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 :/
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • Robert Edwards: the top end to everyone's dismay. They have to bring it down or it will snap back towards 1300 resistance.
      8/25/14
    • Robert Edwards: Bot more JNUG 22.60, will add again 22.30 and 22.00 if it wants to drop that low
      8/25/14
    • zaw77: sold out $KING at 14.79 making a super profit.
      8/25/14
    • 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
      8/25/14
    • Robert Edwards: Bot very small position CLF 15.57 and will add every 50 cents lower.
      8/25/14
    • Robert Edwards: http://yhoo.it/1qbLn9E Farmer's almanac predicting another cold winter. Great for UGAZ if it becomes true
      8/25/14
    • shopvac20: I have seen the cold winter prediction several places... would launch UGAZ towards the end of the year.
      8/25/14
    • WahahazZz: US new home sale below forecast.
      8/25/14
    • zaw77: Home Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March - Gold should get some support
      8/25/14
    • WahahazZz: This week report does not look good for gold beside today. US core durable, Consumer confident, and GDP. EU is reporting as well.
      8/25/14
    • 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
      8/25/14
    • davePx: Sold some HALO on the rise 9.72 will buy back on dip...
      8/25/14
    • davePx: Watching MNKD breaking out this morning ...I have a ton of it and am looking for recovery...possible buy opp
      8/25/14
    • 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
      8/25/14
    • AlphaOne777: Just maybe we will get an afternoon pop on JNUG ..... :-)
      8/25/14
    • WahahazZz: looking to get into dgaz at 4
      8/25/14
    • WahahazZz: i mean around 4
      8/25/14
    • Robert Edwards: This is 5th down day in JNUG and should rally a couple days starting tomorrow. CLF just boomed. Any news?
      8/25/14
    • zaw77: Strange acording to http://bit.ly/1wsgy6w, put volume on CLFs ramps last friday, so I was looking more downside
      8/25/14
    • shopvac20: Looks like CLF just approved a $200 million buyback .... nice catch RE
      8/25/14
    • shopvac20: looking at getting some NUGT ... seeing if we will continue to drop to the EOD .. thoughts ?
      8/25/14
    • Robert Edwards: We have not tested gold highs anytime today, so either going into the 1:30 p.m. EST close or right after we close, looking for 1280+ surge
      8/25/14
    • Robert Edwards: If we go sideways to lower going into 1:30 p.m. close, then should pop late today.If we rally going into 1:30 p.m. close, then may fade late
      8/25/14
    • Robert Edwards: Right now looking like we stay sideways through the 1:30 p.m. EST close and then start move higher in gold in the afternoon
      8/25/14
    • Robert Edwards: Bog more JNUG 22.30 and 22.15 so will hold what I have and will sell some 22.50 or higher later today hopefully
      8/25/14
    • Robert Edwards: Either today and early tomorrow, might be a good place to unload some JDST on current strength to buy JDST at 10 to 10.50 in a couple days
      8/25/14
    • Robert Edwards: Gold is holding above 1273 and should therefore retest 1300 before going lower. Just need to hold support for today and tomorrow nice bounce
      8/25/14
    • Robert Edwards: Gold broke below 1300 support and also 1290, and so before really going lower, needs to retest 1290 to 1300 area in Dec Gold. A failure
      8/25/14
    • Robert Edwards: to move above 1300 will cause bears to reshort and get power to force lower. However, if gold retakes 1300 then bulls can retake control
      8/25/14
    • Tatt2d: 1300 gold equates to Nugt$? I'm in red and debating averaging down to hopefully break even.
      8/25/14
    • 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
      8/25/14
    • Robert Edwards: long side and buy signal is getting stronger which gives me more confidence of moving back above 1280 shortly in Dec Gold.
      8/25/14
    • 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.
      8/25/14
    • 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.
      8/25/14
    • RCamuti: Treasury yields continue to rise, dollar continues to gain strength, and equities are setting records every day.
      8/25/14
    • 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.
      8/25/14
    • RCamuti: The demand in China & India does not seem to what many of us thought it would be.
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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'
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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.
      8/25/14
    • Robert Edwards: Sold my low JNUG shares at 22.55 so now I have money freed up to add on any more weakness.
      8/25/14
    • 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.
      8/25/14
    • 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.
      8/25/14
    • Lefty6x6: it's not hard, it just takes patience resolve and a smart sheppard such as our own RE !
      8/25/14
    • WahahazZz: Oracle RE! thank you again for advises and great opinions. In additional, I don't see that SPY can stay above 2000 yet.
      8/25/14
    • 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
      8/25/14
    • WahahazZz: even the US economic datas are good
      8/25/14
    • RCamuti: Ukraine, ISIS, Israel War, Downed Airliners, Problems in Libya lately, Gold prices should have exploded to 1400 and they didn't.
      8/25/14
    • Lefty6x6: in JNUG @ 22.50
      8/25/14
    • 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.
      8/25/14
    • Lefty6x6: let 'em tug....that means the teeter will totter.
      8/25/14
    • 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!
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • AlphaOne777: Thanks-might buy some more on this dip!
      8/25/14
    • 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
      8/25/14
    • 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.
      8/25/14
    • AlphaOne777: RE: Thanks in again at 22.36 looking forward to tomorrow.
      8/25/14
    • 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.
      8/25/14
    • Robert Edwards: Today we formed an inside day closing down pattern, which is bullish and has 66% chance of closing higher tomorrow in gold.
      8/25/14
    • 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.
      8/25/14
    • Robert Edwards: I am going to add more JNUG 22.25 and 22.15 if we should slip that low.
      8/25/14
    • Lefty6x6: I too am looking to add JNUG around 22.25
      8/25/14
    • Lefty6x6: added @ 22.25 looking for more @ 22.00
      8/25/14
    • 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...
      8/25/14
    • Hope128: Just bought small $JNUG 22.15. Start learning day trading & use this as a practice.
      8/25/14
    • 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
      8/25/14
    • 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.
      8/25/14
    • 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.
      8/25/14
    • davePx: Just bought some Jnug
      8/25/14
    • WahahazZz: add more at 22.07. GL everyone.
      8/25/14
    • Jaybone20: Added at 22.12 and 22.14
      8/25/14
    • AlphaOne777: Bought more JNUG @ 22.02
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • 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
      8/25/14
    • zaw77: I add $JNUG at $21.86 in after market
      8/25/14
    • AlphaOne777: I am averaged in JNUG @ 22.18 so with a pop tomorrow or Wednesday should be fine.
      8/25/14
    • AlphaOne777: Zaw77 : Congrats on that low price purchase!
      8/25/14
    • Lefty6x6: solid work everyone. we should all have opps to make a few bux during the week. patience and resolve.
      8/25/14
    • 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
      8/25/14
    • WahahazZz: I think gold should hold for durable goods and consumer confident. but GDP on Thursday is a scary one.
      8/25/14
    • Robert Edwards: New article on JNUG GamePlan click http://seekingalpha.com/p/1wmdr
      8/25/14
    • 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
      8/26/14
    • 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.
      8/26/14
    • AlphaOne777: Do you think we will get much above $22.80?
      8/26/14
    • ptTL9: I hope we get 15% move up, as RE projected yesterday
      8/26/14
    • AlphaOne777: That would make my week!
      8/26/14
    • shopvac20: I am loving NUGT .. picked up at EOD yesterday ... Also NG hit over 4 this am .. lets see what happens
      8/26/14
    • 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...
      8/26/14
    • WahahazZz: Hmmm. US core durable good report was actually below forecast, interesting. Consumer confident is up next.
      8/26/14
    • WahahazZz: Consumer confident is above expectation, data came in at 92.4 which above expectation of 89
      8/26/14
    • donnavet4pet: ADEP fell because of earnings report. Dougherty has upgraded it from neutral to buy with price target of $12.50.
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: maybe tomorrow. Today should still close up however and I will be playing from long side in any case.
      8/26/14
    • Robert Edwards: Sold SEAS 20.46 & 20.52 so only holding a small position now. Will add more at 20.01 and lower.
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • RCamuti: RE, the attached articles from Kitco discuss gold demand in Asia not being as strong. Any thoughts. http://bit.ly/1AQXuxy
      8/26/14
    • RCamuti: Also, they are saying that they are not seeing any sort of big rally or drop off in price in the near future.
      8/26/14
    • RCamuti: Thats how I read it at least.
      8/26/14
    • RCamuti: Does anyone see JNUG popping back up again today?
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • Robert Edwards: GRPN is breaking out in here, hitting high 6.40s but resistance is just ahead at 6.50 and higher.
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • RCamuti: Calendar for economics next week. A lot of US date on teh calendar. http://on.wsj.com/pyt06K
      8/26/14
    • RCamuti: August employment is on for next friday.
      8/26/14
    • 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
      8/26/14
    • RCamuti: Gold hit a resistance @ 1292 and then fell off. RE, could the morning run up in gold be short covering?
      8/26/14
    • Robert Edwards: First rally is always short-covering initially. Right now looking like 1295 and 1300 are significant resistance. I am still getting minor
      8/26/14
    • Robert Edwards: buy signals in gold but not as strong as yesterday.
      8/26/14
    • 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!
      8/26/14
    • RCamuti: RE, what are the trading volumes like today in the gold market?
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: see if there are order imbalances which is similar to what you get buying or selling on weakness in Wall Street Journal.
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: direction we are heading later in the day and/or the next day.
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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?
      8/26/14
    • Robert Edwards: Doing the opposite works for very short-term intraday plays, but not necessarily overnight. But all professionals daytraders that I know
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • Tatt2d: I got SDRL couple weeks ago.
      8/26/14
    • skysurfer83: Thoughts on NG RE?
      8/26/14
    • RCamuti: Bought a tranche of JDST @ 11.15
      8/26/14
    • 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
      8/26/14
    • donnavet4pet: TIme to buy some UGAZ. I am glad I sold my in profit shares earlier.
      8/26/14
    • 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.
      8/26/14
    • rxraider: If nat gas price falls on or before Thursday morning, it may be a UGAZ buying opportunity.
      8/26/14
    • 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. :)
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • skysurfer83: trying to fig out a better move for this week.
      8/26/14
    • Robert Edwards: JNUG broke out above 23 so I might have to buy now on a dip back to 23
      8/26/14
    • 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?
      8/26/14
    • WahahazZz: out now JNUG, also bought some DGAZ this morning at 4.05 like RE said NG seems to have trouble breaching 4.00
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: JNUG won't correct so I bot a few shares at 23.30
      8/26/14
    • Robert Edwards: will add every 15 cents lower in jnug
      8/26/14
    • Tatt2d: Still expect to trend up next day or 2 ofter this pop?
      8/26/14
    • AlphaOne777: Sold too soon but still made good money today...Thanks RE
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: JNUG went from underperforming gold to overperforming gold and hard to predict when the light turns on green in JNUG.
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • 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.
      8/26/14
    • Tatt2d: Bailed on JNGT at break even, keeping NUGT for hope
      8/26/14
    • NicoDuzit: RE...are you holding JNUG overnight?
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • 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
      8/26/14
    • Robert Edwards: caught that dip to 23.10 in JNUG, that is better, now sold out shares bot at 23.30 for small profit.
      8/26/14
    • 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.
      8/26/14
    • 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.
      8/26/14
    • RCamuti: Sold out of my JNUG shares for a profit, and positioning to buy more JDST on weakness.
      8/26/14
    • Robert Edwards: Late today made up for the part I missed from 22.80s to 23.30, LOL!
      8/26/14
    • 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.
      8/26/14
    • RCamuti: Something doesn't make sense to me here.
      8/26/14
    • 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 &
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • 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
      8/26/14
    • RCamuti: European data tomorrow will most likely put pressure on the Euro and put strength into the dollar.
      8/26/14
    • 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
      8/26/14
    • 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.
      8/26/14
    • Robert Edwards: Bot JNUG in aftermarket 23.13. Will hold for morning pop.
      8/26/14
    • 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
      8/26/14
    • 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.
      8/26/14
    • Robert Edwards: New article on Burger King (BKW) click http://seekingalpha.com/p/1wq51
      8/27/14
    • Robert Edwards: bot BKW 30.06 & 29.86
      8/27/14
    • Robert Edwards: Sold my JNUG 23.60s in hopes of catching a dip to buy lower.
      8/27/14
    • Robert Edwards: bot more BKW 29.54, hopefully 29.50 stops the selloff for now. Have not bot JNUG back as acting weak
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: BKW and not BTW, typo
      8/27/14
    • AlphaOne777: RE. ... Any thoughts on SWHC ?
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: bot some JNUG 22.99, will add on further weakness for quick scalp, but sell on a small pop
      8/27/14
    • 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!
      8/27/14
    • 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.
      8/27/14
    • donnavet4pet: Oops, not yet below yesterday's low....
      8/27/14
    • AlphaOne777: Bought some SWHC @ 11.29 hoping for a pop end of day.
      8/27/14
    • Robert Edwards: Bot some UGAZ 15.22 for scalp
      8/27/14
    • Robert Edwards: Bot more UGAZ just under 15.10, and now sold my high shares 15.30
      8/27/14
    • Robert Edwards: Sold low UGAZ shares 15.45. Now flat.
      8/27/14
    • Robert Edwards: Found this article for RC, about gold not selling off, click http://yhoo.it/1p8qt7k
      8/27/14
    • RCamuti: I'll read it now, thanks for looking out RE.
      8/27/14
    • RCamuti: This light volume is making it very hard to do much of anything in the gold miners.
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • davePx: Equities will be taking a break money should move ...supporting gold
      8/27/14
    • Tatt2d: RE - SEAS, you forecast the same upward trend rate when we pass $21?
      8/27/14
    • Robert Edwards: $21 is initial resistance in SEAS. Will have to see if it can break through and shoot for 24 or not.
      8/27/14
    • 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
      8/27/14
    • 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 ...
      8/27/14
    • shopvac20: to be a non mover since falling this morning..
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • RCamuti: With this light volume, any of the reports tomorrow can move the gold market to either extreme.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • RCamuti: RE, i don't doubt you are a technical genius, you always are right now the money. At least that what I think.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • RCamuti: You know your technical trades better than anyone, and your research always takes as many factors as possible into account.
      8/27/14
    • RCamuti: I guess I have a hard time conceiving though as to why gold should go higher, when my research has me thinking otherwise.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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.
      8/27/14
    • 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.
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • Robert Edwards: There are takeover rumors in Junior mining sector, helping GDXJ and JNUG and hurting JDST. Takeovers could rally the Juniors with gold
      8/27/14
    • Robert Edwards: actually falling in price. The takeover potential could someday pop JNUG big and kill JDST, making JDST especially vulnerable long term.
      8/27/14
    • 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.
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: out and balancing some where you can by buying dips in NUGT/JNUG.
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: I am bullish short-term (looking for move back to 1300) but not so bullish into the end of 2014.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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 $$ in
      8/27/14
    • Robert Edwards: another trade to cover it. I don't have limits on the number of trades that I do per day so with 200 trades per day, I can get big $$ quick
      8/27/14
    • Robert Edwards: Again, why I like futures over stocks because stocks require collected funds. What a ridiculous concept. Funds should be instantaneously
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • skysurfer83: Do you see gold rally again today and tomorrow RE. I was on a plane all day and missed selling JNUG today
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • RCamuti: RE, at this point, i will be holding tight till tomorrow.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: adjustment back in 2015. Wash sales are another ridiculous concept that needs to go away.
      8/27/14
    • Robert Edwards: Just bot some JNUG 23.04, will add more on any weakness into the close
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • Robert Edwards: Sky, I am buying some JNUG in the aftermarket for a morning pop. You should get a good chance to sell tomorrow.
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • 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
      8/27/14
    • Tatt2d: Ya'll keeping each other honest. I like it.
      8/27/14
    • 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...
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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
      8/27/14
    • 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.
      8/27/14
    • Lefty6x6: then again...the more I know - the less I understand.
      8/27/14
    • Robert Edwards: Sounds like you have a lot of wisdom Lefty. Thanks for sharing!
      8/27/14
    • shopvac20: "The more I know, the less I understand" love it lefty !!!
      8/27/14
    • shopvac20: nice run up in gold starting last night, carried through... looking now as the past three days this is where it would breakdown.
      8/28/14
    • shopvac20: NG touches 4.05 ... interesting, looks like the forecast is about 79 .. see what happens!!
      8/28/14
    • 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
      8/28/14
    • 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
      8/28/14
    • Robert Edwards: just sold 1/4 position of BKW 31.07, holding onto 1/4 position for more pop
      8/28/14
    • Robert Edwards: sold remaining BKW 32.00, nice run there. will likely be buying UGAZ following report at 10:30 a.m. EST
      8/28/14
    • shopvac20: Looking at DUST, RE, the pattern the past couple days looks to be playing out again, gold strong early am and fades.. thoughts ?
      8/28/14
    • shopvac20: PS sold out of my NUGT right after market opened, either looking at buying back lower, or riding dust lower then switching again
      8/28/14
    • 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)
      8/28/14
    • 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
      8/28/14
    • 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.
      8/28/14
    • Robert Edwards: caught some JNUG 23.66 on that dip, will continue to buy dips in JNUG till we hit above 25
      8/28/14
    • skysurfer83: When do you see it hitting 25 RE? Do you think dips will be back in low 23s?
      8/28/14
    • Robert Edwards: I think JNUG could hit 25 tomorrow or even later today if gold turns around and starts to rally.
      8/28/14
    • donnavet4pet: CLF is down 4.5% to 15.17. Bought some at 15.30 when started going back up.
      8/28/14
    • 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.
      8/28/14
    • 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.
      8/28/14
    • 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.
      8/28/14
    • RCamuti: and will continue to weaken as the day continues.
      8/28/14
    • 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
      8/28/14
    • 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
      8/28/14
    • 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
      8/28/14
    • RCamuti: RE, with the kind of trading action we had in gold the next few days, what are your expectations for tomorrow so far?
      8/28/14
    • RCamuti: Gold has slipped below 1290 again, do you expect another run up in gold? or is that what you would prefer?
      8/28/14
    • RCamuti: European data all came in below consensus. With ECB meeting next week. Dollar should continue its rally against the Euro.
      8/28/14
    • Robert Edwards: placed small buy order in CLF 15.20, will add on any further weakness
      8/28/14
    • 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.
      8/28/14
    • donnavet4pet: RE - goo buy price for re-entry into UGAZ...sold my profitable shares this morning and am thinking about waiting until a correction.
      8/28/14
    • 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
      8/28/14
    • 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.
      8/28/14
    • 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
      8/28/14
    • 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
      8/28/14
    • 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.
      8/28/14
    • 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.
      8/28/14
    • 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
      8/28/14
    • 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.
      8/28/14
    • 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
      8/28/14
    • RCamuti: RE, looks like your getting the move you wanted in JDST & JNUG
      8/28/14
    • 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.
      8/28/14
    • RCamuti: Gold should be hitting resistance around 1291.50
      8/28/14
    • RCamuti: at least that was the resistance based on yesterdays closing price.
      8/28/14
    • Robert Edwards: overnight gold hit up around 1297 and I am still waiting for a day that the overnight highs are taken out.
      8/28/14
    • 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
      8/28/14
    • skysurfer83: Dream came through and I can def get used to this life haha.
      8/28/14
    • 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.
      8/28/14
    • 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.
      8/28/14
    • RCamuti: Donna, your 10.30 JDST may come in.
      8/28/14
    • 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
      8/28/14
    • shopvac20: we also have hurricane season with threats happening .. which would rise the price.. and still under the 5 year avg..
      8/28/14
    • 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
      8/28/14
    • 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
      8/28/14
    • ag5059: is it time to buy JDST
      8/28/14
    • WahahazZz: what a swing in UGAZ and DGAZ.
      8/28/14
    • 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
      8/28/14
    • 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.
      8/28/14
    • davePx: Bought and sold UGAZ twice ....expecting to continue but generally continue upwards...I love it today
      8/28/14
    • davePx: Natural gas not likely to be able to reach injection objectives with weather and storm season...lots of volitility on the news
      8/28/14
    • glaserdx: Robert-- why not short puts in $CLF?
      8/28/14
    • shopvac20: fun action in ng today .. thats about all the fun i had, my other picks are just be duds today
      8/28/14
    • davePx: Yes shop not getting much selling done today
      8/28/14
    • Robert Edwards: I thought about selling puts on CLF but waiting until tomorrow to see if 15support holds first.
      8/28/14
    • RCamuti: Donna, your 10.30 price target is very close.
      8/28/14
    • glaserdx: thank you
      8/28/14
    • davePx: It seems gold can go either way with issues in Ukraine and US dollar being a safety net as well. Stocks are still
      8/28/14
    • davePx: Strong holding money that could flow to gold etf's
      8/28/14
    • rxraider: Added some UGAZ at 16. Brings my average up above 14. Like a bear stocking up, getting ready for winter.
      8/28/14
    • rxraider: Sold some JDST yesterday at 11, and today at 10.50 at a loss. May reposition on next big gold bounce.
      8/28/14
    • Lefty6x6: changed my JNUG sell to 24.50 - as I think it is running out of steam. looking for more JDST @ 10.30
      8/28/14
    • 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.
      8/28/14
    • 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!
      8/28/14
    • Robert Edwards: I am now set up with a position to carry overnight in JNUG to sell out on morning strength.
      8/28/14
    • davePx: Just closed up 10.58....a nice pop!
      8/28/14
    • davePx: That is JDST!
      8/28/14
    • 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
      8/28/14
    • 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?
      8/28/14
    • Lefty6x6: CNBC -- crap n better crap -- that dude santelli yells for no reason.
      8/28/14
    • 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
      8/28/14
    • davePx: Correlation has a flaw...
      8/28/14
    • davePx: Rising dollar will cause money to flow out of gold as an investment I would think
      8/28/14
    • 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.
      8/29/14
    • 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?
      8/29/14
    • 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.
      8/29/14
    • 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.
      8/29/14
    • donnavet4pet: Thanks RE.
      8/29/14
    • Robert Edwards: This thread is getting too long so started a new thread.
      8/29/14
    • davePx: Yes thx Robert, timely advice
      8/29/14
    • AlphaOne777: Bought CLF @14.75 out at 14.95 for gas money!
      8/29/14
    • AlphaOne777: out at 14.91 error above
      8/29/14
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