• Robert Edwards
    Time To Stand & Be Strong & Not Fold $NUGT, $GLD, $GDX, $NEM. New article, click http://seekingalpha.com/p/1g8nd No $DUST.
    11/25/13
    Reply (153)
    • bobzic: $NUGT : I am staying with u, Robert.
      11/25/13
    • Robert Edwards: My son just put his entire IRA in GDX, loading up at 21.69 to 21.72, ave. price now 21.89. He held NOK thru the $1.64 low. He will hold now
      11/25/13
    • ptTL9: http://seekingalpha.com/a/13vlz
      11/25/13
    • shopvac20: Im standing in there.... getting hard to watch.
      11/25/13
    • Robert Edwards: It is not every day one can buy anything in this market at a 5 year low. At some point, GDX will be at a generational low.
      11/25/13
    • WallysWrld: "Colour Sergeant-Major Edwards" calms the rank&file. Though it feels like ZuluDawn (1879, Isandlwana), I'm with you sir, hold the line boys!
      11/25/13
    • davePx: May be a good day to play!
      11/25/13
    • davePx: I feel a bit like a deer in the headlights.
      11/25/13
    • Robert Edwards: Deer in the headlights is good. That means you are freezing and letting the market move around you without knocking you down or killing you
      11/25/13
    • Robert Edwards: Don't look now but gold is at 1242, nice pop once the real traders are around to support it. That overnight smackdown not working now.
      11/25/13
    • justin.zhou10: Luckly did not do the reposition today. Did not avg. down though. Wait for the pending home number, fingers crossed.
      11/25/13
    • justin.zhou10: Bot more gdx @21.9
      11/25/13
    • $DUST: Averaged down a bit more, hoping this is it.. so tired of the sleepless nights.
      11/25/13
    • Robert Edwards: if u can't sleep, never wrong to sell half. just make back on remaining half and buy back lower only if u want to ave, down
      11/25/13
    • Robert Edwards: gold above 1240 is where it was last Thursday so weakness Friday & today in gdx is not justified based on gold
      11/25/13
    • shopvac20: thinking about one more avg downwards.. starting to run low in investment jack tho. RE, Gold popped back up and nugt fell, thoughts ??
      11/25/13
    • Robert Edwards: selling relentless in miners. not justified based on gold price but what else is new. may take a gold rally to get miners off the canvas
      11/25/13
    • $DUST: yah this is some sad show given by miners now.
      11/25/13
    • Robert Edwards: NEM outperformed Friday but acting quite weak today to make up for it.
      11/25/13
    • Robert Edwards: new rule to be applied in future. never invest over 50% in NUGT so have equal funds to buy DUST in case of need to hedge. Key rule for sure
      11/25/13
    • $DUST: I am at a loss what to do really, if a gold rally does not help gdx wtf is going to If we dont bounce today I am selling.. this is pathetic.
      11/25/13
    • Robert Edwards: Did you ever flush a bug down the toilet. U now know how the bug felt being in GDX/NUGT/NEM.
      11/25/13
    • ptTL9: gld at 120
      11/25/13
    • $DUST: if nugt breaks 30 I am out, that is as much as I can pull my nerves
      11/25/13
    • davePx: Well I think if I had my money in equities I'd be getting nervous, we need a shift away from equity frenzy to spark gold again
      11/25/13
    • davePx: Also gold needs the US dollar to crack
      11/25/13
    • njtoms: Anyone else agree that Something does Not Feel Right here?
      11/25/13
    • njtoms: Who Led the "bug" to gdx/nugt/nem?
      11/25/13
    • newbie872: Miners watching gold to see if this is 'flash in the pan' spike followed by more bears or the start of a major bull run?
      11/25/13
    • justin.zhou10: out of gdx, nugt, I am done.
      11/25/13
    • davePx: Have not had to endure so much pain in a while!
      11/25/13
    • davePx: I only wish I had another big chunk to invest right now.
      11/25/13
    • shopvac20: wtf ... this is insane.. now miners which are way oversold, cant keep up with gold during the bounce.. faith running low... need inspiration
      11/25/13
    • njtoms: Have a Feeling Someone might Pull an "Exit Stage Left." in Fairly short order.
      11/25/13
    • newbie872: WOW - Gold:GDX ratio 57.5!! All time high - very favorable to DUST. If it can snap back would highly favor NUGT on the drop.
      11/25/13
    • davePx: NUGT is highly speculated on and it went to the neg. if gold maintains and starts to inch up NUGT will slingshot to the upside
      11/25/13
    • glaserdx: sold half position in NUGT; avg price now 35.7
      11/25/13
    • akm907: dont sell if you dont have to. stick with rob if you can. NUGT Approaching my target 28-30 earlier than i thought. Run up starts from here.
      11/25/13
    • akm907: just ignore your account for a week if you can. you should be good to sell at 40 than here at 30. Discard the price or buy if u can at 28.
      11/25/13
    • akm907: *** Dont trust me, this is just my stand and my bets. This is what i predict to stand for. I am not worried if NUGT goes to 23 from here.
      11/25/13
    • glaserdx: akm- will take your advice--will hide out with the turkeys
      11/25/13
    • glaserdx: understand it is your bet and view-- but it makes sense
      11/25/13
    • justin.zhou10: Until last Tues. I was still in DUST. The thing here is the general direction of gold and miners I got wrong.
      11/25/13
    • The Count of Cristo: sell before it's too late fed about to taper. gold will go down to $1,000
      11/25/13
    • justin.zhou10: Right now, best thing to do for me is wait outside for the big turn of gold to happen.
      11/25/13
    • Robert Edwards: Gold has given me no reason to panic. Looking at GDX, the chart looks like total panic. At some point these must resolve. Double kill.
      11/25/13
    • Robert Edwards: Being in GDX has been double worse during the drop, will be double better on the rally when it finally kicks in. I will hold thru here
      11/25/13
    • Robert Edwards: Record nastiness is record oversoldness. What we r seeing is record bearishness which is extremely bullish longterm, very nasty shortterm
      11/25/13
    • $DUST: all out,, huge damages from this piece of shit stock. going to take a while to recoup.
      11/25/13
    • Robert Edwards: If u can't handle the nastiness of NUGT due to leverage, one can always switch out and buy GDX instead. even in here. my NUGT stop is 22
      11/25/13
    • Robert Edwards: If I do sell out of nugt even at 22, I will take remaining funds and buy GDX. Also take other funds available and add to gdx there.
      11/25/13
    • Robert Edwards: If GDX breaks 20, I will leave NUGT, but plan to double down on GDX there.
      11/25/13
    • justin.zhou10: If gold could jump 1-2 percent, it is always not late to jump back. May miss the first 10 percent, but normally
      11/25/13
    • Robert Edwards: 2008 bottom was very nasty low -- but quick down, then quick recovery. This has been slow fade like 2011, and should find footing soon
      11/25/13
    • justin.zhou10: nugt will still have much upside room for one shot.
      11/25/13
    • justin.zhou10: This downturn is way too brutal. If do not trade, will not lose anyway.
      11/25/13
    • Robert Edwards: Last time NUGT stopped 37.83, I was willing to hold till 30. Did not have to. Now I don't see 20 in GDX but I have been wrong so far.
      11/25/13
    • Robert Edwards: They r treating the miners worse than they did the dow & S&P in March 2009 when they bottomed. GDX will bottom too in due time. Any time.
      11/25/13
    • $DUST: lost a good portion of my recent makings, definitely harsh to eat it up.. my first one so big.
      11/25/13
    • $DUST: will stick to day trades from here on out. scaling is just too dangerous and unnecessary.
      11/25/13
    • Robert Edwards: They have killed all gold bulls, leaving just the crazies. Reminds me of nat gas under $2 last year. By a miracle it recovered, so will GDX
      11/25/13
    • Robert Edwards: Just when it looked about as hopeless as it can, a ray of hope. NEM pushing back towards 25, GDX held 21.52, now if gold would make new HOD
      11/25/13
    • justin.zhou10: I agree, dust/nugt is best for day trading, if there is a big win, probably could stay to ride the trend. I entered this trade on last
      11/25/13
    • The Count of Cristo: gold has no value thus no bottom yet. it was expensive at $1900 to begin with.
      11/25/13
    • justin.zhou10: Wednesday. Other than the early morning pop before Fed minutes, there was no profit at all. Lesson learned.
      11/25/13
    • The Count of Cristo: gold provides no growth, no income, and no value. SELL NOW
      11/25/13
    • Robert Edwards: In 2008 GDX was under 16 on low. GDX bottomed when FXI bottomed, China did stimulus and GDX would eventually rally to 66.11 in 2011.
      11/25/13
    • Robert Edwards: China is going strong and buying gold like crazy. Only central bankers playing paper gold and derivatives holding gold down. We have not
      11/25/13
    • Robert Edwards: Not seen the high in gold or in the high of GDX. China will eventually own the world and JUAN will be reserve currency and pegged to gold
      11/25/13
    • Robert Edwards: Gold will be several thousands of dollars when priced in worthless U.S. dollars. This may not happen for 50 yrs, but it is the future IMHO
      11/25/13
    • davePx: Amazing the difference 26 days can make...
      11/25/13
    • Robert Edwards: I assume the gold options expire today at the 1:30 New York gold close. After that could rally over 1245 maybe get over 1250 this afternoon
      11/25/13
    • justin.zhou10: Last Oct. I bet gold will go to 1200, I got busted. This time I bet it would hold 1250, I got busted. Guess it was bad luck.
      11/25/13
    • davePx: ......nugt pushing up some inflow now
      11/25/13
    • Robert Edwards: This much carnage is only possible thru big time shorting. Those shorts cannot cash out their big gains without buying. That buying will
      11/25/13
    • Robert Edwards: That buying will often propel us much higher on shortcovering rallies than anyone would imagine. More dangerous being short now than long
      11/25/13
    • justin.zhou10: I am waiting for gold big turn point to try again. Right now, gdx is in the big guy's hands. NUGT is down from 60 to 30 and it may go down
      11/25/13
    • justin.zhou10: another leg or 2, but I will be back when it is up 10% someday.
      11/25/13
    • vanebfbc: Sold all NUGT and DUST last week at FOMC, and restarted my position in NUGT at 29.80 earlier today. Seems like the right choice now.
      11/25/13
    • Robert Edwards: Great timing vanebfbc. If GDX closes back above 22, but especially if it closes above 22.25 today, this could have been the bottom.will see
      11/25/13
    • Robert Edwards: after options expire, we popped to 1248 in gold futures, above 1245. Need to move above 1250 and gold will look much better as well
      11/25/13
    • Robert Edwards: My son just texted me that he thinks GDX could close today 22.35, but his phone changed the number to 23.25. I told him that is why they
      11/25/13
    • Robert Edwards: they call it a smart phone, even the stupid phone knows that a 22 handle in GDX should be 23. Gold hit 1248, needs to overtake 1250
      11/25/13
    • Robert Edwards: Trying to form hammers today. Even if we close up, we could still struggle in here for as long as the rest of the week, but not fall much
      11/25/13
    • Robert Edwards: A hammer in new lows today in NEM would look great. It might still not boom for 3-4 more days but I can wait on it
      11/25/13
    • Robert Edwards: Check out the NEM chart. On 10/09/13 it made a hammer after trading new lows. Then 48 cents lower, bottomed 4 days later, then boom up!!!
      11/25/13
    • Robert Edwards: Today's low in NEM is 24.68, so NEM may not go below 24.20, and if correct, GDX will be rallying beginning next week at the latest.
      11/25/13
    • Robert Edwards: If NEM makes a hammer like it did on 7/10/13, we bottomed today and the pain is over. Either way, a hammer is very encouraging. About time
      11/25/13
    • Robert Edwards: Gold just hit 1249. Now tell me that large order kill down to 1226.40 at 1:00 a.m. NY time was anything but market manipulation that failed
      11/25/13
    • vanebfbc: NUGT is green. I repeat, NUGT is green!
      11/25/13
    • Robert Edwards: Feb gold just hit 1254. Hmmmm
      11/25/13
    • Robert Edwards: Bears always know we are going lower, but when even the bulls nearly all give up because they know we r going lower too, we r going higher
      11/25/13
    • justin.zhou10: Double back as I promised.
      11/25/13
    • shopvac20: nugt shows green ... big swing today ... holding fast !
      11/25/13
    • Robert Edwards: Hopefully this is the bottom today, but even if it is 3 or 4 days off, very good action today to bounce off new lows. New GDX low 69 cents
      11/25/13
    • Robert Edwards: This will be an experience someday u can share with your kids. If we continue to rally & make it out of here alive, we need to get T-Shirts
      11/25/13
    • Robert Edwards: The T-Shirts Should Say "I survived the gold miner GDX/NUGT wars"
      11/25/13
    • njtoms: Any RE sightings recently?
      11/25/13
    • cnype: this is why they have stop orders...
      11/25/13
    • njtoms: Someone Missing in Action?
      11/25/13
    • glaserdx: it's been awhile b4 I could say this - 3 points to breakeven
      11/25/13
    • njtoms: Paging R.E......Paging R.E. .....Please Come In. Have a GDX question. thx/Noel
      11/25/13
    • dan1981: I hope a new article will come in support of gdx , nugt :D
      11/25/13
    • Robert Edwards: Stop order really helped those placed under 22.21 today and filled below 22 in GDX.....Not! No thank you. I will trade out of it just fine
      11/25/13
    • vanebfbc: Gold longs have made a decent comeback today, but the problem still remains. We already know that it is to some government and hedge fund
      11/25/13
    • vanebfbc: 's interest to keep gold price down, hence the manipulations and volatility. This is not good for the market in general.
      11/25/13
    • newbie872: Need a NUGT close around 31 to set up very favorable bullish pattern. Signal bears have no more influence here.
      11/25/13
    • Mighty_e: At 2:07 PM Eastern time, I am calling it - the tide has turned. Ladies and gentlemen get your flight suits on!
      11/25/13
    • vanebfbc: Moreover, it's always the investors who are suffering from these manipulations. We have won the battle today, but the war is not over yet.
      11/25/13
    • WallysWrld: See Kitco-60day chart, just like oct15, from London low spot rallied over $100 by 2 weeks later, today's action nearly identical to oct15
      11/25/13
    • justin.zhou10: Moved out around @33.2, covered most of the loss. Will day trade tomorrow if gold turns. What a day!
      11/25/13
    • Toastypro: Robert, you nailed this move. It rallied back up
      11/25/13
    • davePx: Watching closely today. Holding for a run up if equites turn further
      11/25/13
    • Robert Edwards: I am not going to take any credit, as I was early on a previous failed rally, but I was right to encourage people to hold. That was correct
      11/25/13
    • rodh7858: Rob: Can u pls elaborate more on the hammer ur looking for? Is that closing daily candle? Also shd it be green or red or does not matter?
      11/25/13
    • Robert Edwards: vanebfbc is correct to caution about celebrating too soon. We could still have 3 or 4 days of sideways to lower action before the final low
      11/25/13
    • Robert Edwards: the hammer is when the real body is towards the top 25% and the color does not matter, red or green. Long bottom tail is what matters.
      11/25/13
    • Robert Edwards: Hammers are very bullish sign but sometimes u rally immediately and sometimes u have to retest lows and may make minor new low before rally
      11/25/13
    • justin.zhou10: Gold GOFOs refused to turn negative, that is one thing I gave up this morning and do not want stay overnight anymore. But the oversold
      11/25/13
    • Robert Edwards: I would very much prefer a positive close today as it increases weight in the eyes of many traders. Slight up or down really does not matter
      11/25/13
    • justin.zhou10: bounce should be easy to catch just like today. Hopefully we could do it again early tomorrow morning.
      11/25/13
    • glaserdx: Well, we really needed that rally - sentiment in our stocktalk was hitting lows, IMO
      11/25/13
    • Robert Edwards: gold is back under 1250 on the feb. contract. If it is above 1250 when we close it would help pull up GDX to a positive close
      11/25/13
    • Robert Edwards: Just like earlier rallies, bears don't give up easy and reposition on any strength. Will take awhile for them to stop selling so quickly
      11/25/13
    • Robert Edwards: We need to start burning the bears instead of the bulls, and some real short covering could take place in earnest.
      11/25/13
    • justin.zhou10: need gold turns around. today its volume is puzzling, way below avg. Need a high volume reverse to confirm.
      11/25/13
    • Robert Edwards: This market has beat down even the bulls glaserdx. We all get frustrated with negative action that drags on day after day. Hard to stomach
      11/25/13
    • justin.zhou10: Big guys tortured nugt/gdx holders dearly today but like you said, they have to buy back eventually. I am waiting for them right here.
      11/25/13
    • ptTL9: congratulations everyone! i was ready to sell at 30, but did not. still down, but feel much better
      11/25/13
    • Robert Edwards: What gold volume are u looking at Justin? GLD shares, Dec gold futures, Feb gold futures. Feb gold futures had BIG volume today
      11/25/13
    • justin.zhou10: RE, gold Feb 14
      11/25/13
    • justin.zhou10: What?! My screen shows volume 56488 so far for Feb 14 future. What is yours?
      11/25/13
    • Robert Edwards: I trade the Globex and volume today was 22,911 in Globex (electronic). Friday only 8875, thurs 7407. wedn 6928
      11/25/13
    • shopvac20: Im down for the shirt, and wear it proudly, still lots of work to do first though!! I would have liked to see a green finish though.
      11/25/13
    • justin.zhou10: No sure, I use tdameritrade. From cme website, Dec 13 volume is 178702 and Feb 14 is 56488.
      11/25/13
    • justin.zhou10: Adding pit volume it should not be that big difference. What your Dec 13 volume today?
      11/25/13
    • justin.zhou10: I guess it is my fault I am looking at Feb 14 now, so number is low.
      11/25/13
    • akm907: good luck to all for a bumpy but definite rally to 40... glad u sticked with rob on this.
      11/25/13
    • Robert Edwards: Dust closed up slightly but near lows and far down from opening, making shooting star but tail not that long. Not confirmed yet.
      11/25/13
    • Robert Edwards: Would have to move below midpoint of previous day (Friday's) white candle body which is 41.05 as sell zone for DUST if we drop that low
      11/25/13
    • metalhead: Any particular reason GDX won't test the October 2008 lows (around 19) before turning back up for good?
      11/25/13
    • Robert Edwards: Coming off 66.11, GDX would correct over 70% if it hits 20.00 and way oversold. I don't believe it will fall much more than 21.35, or 21.
      11/25/13
    • bobzic: $NUGT : volume after hours : $DUST 24,000, $NUGT : 154,000. Winner : $NUGT.
      11/25/13
    • bobzic: $NUGT : someone bot 37300 shares of $ABX @4.10pm.
      11/25/13
    • gonetouring: Gold closed above 1250.. calls in the money. Noticed POG can drop day after options expiry The Asian day is ahead .. will see what unfolds
      11/25/13
    • Robert Edwards: Gold closed at 1:30 NY time along with the options today, far below 1250. So 1250 call options closed out of money. Looking for rally now
      11/25/13
    • Robert Edwards: new article posted and thread for tomorrow. http://seekingalpha.com/p/1gam7
      11/25/13
    • gonetouring: RE: Good point.. hard to explain yesterday's rally, the the beating down so far today ...
      11/26/13
    • Robert Edwards: hammers like NEM made yesterday, often retrace prices the next day, but still it is bullish, just need to wait 1-3 days to get going up
      11/26/13
    • Robert Edwards: just need gold to start moving up and we will be set. gold was in the low 1250s all night but now in the low 1240s
      11/26/13
    • Robert Edwards: I have moved to a new thread as I posted another article.
      11/26/13
    • davePx: Don't know how else to say this but NUGT seems kind of perky today...is that technical enough?
      11/27/13
    • davePx: We might see Nugt take a run at the current 200 min moving av!
      11/27/13