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Thread: Bear Cave 2 (Bull Allowed)

  1. #445

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    Default Re: Bear Cave 2 (Bull Allowed)

    Quote Originally Posted by robo View Post
    The Bears would should like to hit the stops at 1180....and maybe they will!
    they're trying!!

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  3. #446

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    Default Re: Bear Cave 2 (Bull Allowed)

    Quote Originally Posted by CrabClaw View Post
    they're trying!!
    They are running plenty of stops today...I thought the miners would be much lower, but many of my limit orders still haven't filled. However, it's still early so maybe I will be buying some in the low 24.00's later today. I'm going to add a few more shares now in the low 25.00's, and add some more limit orders at lower prices. I will be buying GDXJ in my wife's Roth this morning.

    12/31/2013 957 AM ET NUGT Bought NUGT @ $25.25 Executed


    Trade only - Next limit order for NUGT @ 24.76....

    Added GDXJ for an investment in Roth's.
    Last edited by robo; 12-31-2013 at 08:45 AM.
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  5. #447

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    Default Re: Bear Cave 2 (Bull Allowed)

    glad you were able to get some shares at lower prices this morning. nice pop in the miners so far, good to see.

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  7. #448

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    Default Re: Bear Cave 2 (Bull Allowed)

    CrabClaw,

    I trade in the extended market sometimes at Scottade when we get large gaps down using limit orders. Lets see how this plays out, but the Bears still might have a trick or two to play. I added some GDXJ in my investment accounts at a nice price this morning. This could just be a short-covering rally, but I want to start the new year off long the miners. NUGT could head up to 40.00 real quick if we can get a rally going....The short Bus is full of those that are short the miners, and could really get things going if we can get some buyers.

    Good luck on your trade.
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  9. #449

    Default Re: Bear Cave 2 (Bull Allowed)

    Quote Originally Posted by robo View Post
    The Bears would should like to hit the stops at 1180....and maybe they will!



    This is update #1958 for Tuesday early morning, December 31, 2013.


    Additional higher lows were touched on Monday morning for many metals, with the most active gold futures contract sliding to a 3:40 p.m. low of 1193.30 U.S. dollars per troy ounce and silver slumping to a 3:45 p.m. intraday bottom of 19.460. This effectively knocked out all long-side speculators who had placed sell stops near 1200 and 19.75 or 19.50 respectively. Some were likely encouraged to add new short positions. Knowing how traders behave, the financial markets will always ensure that the fewest possible investors benefit from any significant move. Now that nearly all uncommitted bullish traders are out of the market, while stale bearish traders abound, a sharp short-term rally for all metals is increasingly likely to occur.


    True Contrarian
    Right on cue. Nice big white candle after touching the double bottom. We've been expecting this.


    gld.png
    CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017

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  11. #450

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    Default Re: Bear Cave 2 (Bull Allowed)

    MrJohnRoss,

    We sure have and lets hope this is it.......The key is we need that 1180 to hold, and we just might see some buying into the new year. Tax selling should now be over, all gaps are filled, so maybe we can start a nice move up.

    I'm keeping my NUGT for now, but will sell some for Risk Management reasons if this rip continues. NUGT and JNUG are for short-term trading coming out of cycle lows, and GDX and GDXJ are for investing. It would be nice to see a High Volume day early in the New Year to get a bottom confirmed if we have one.....STBD.

    Good luck on your trade.


    Also, Nice chart.
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore


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  13. #451

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    Default Re: Bear Cave 2 (Bull Allowed)

    Views from Gary Savage – Tue 31 Dec, 2013


    Is this a precursor to a disaster in the gold market on Thursday?

    Is this a precursor to a disaster in the gold market on Thursday? « Korelin Economics Report
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  15. #452

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    Default Re: Bear Cave 2 (Bull Allowed)

    Selling some NUGT shares that I bought in the premarket for Risk Management reasons. My position size is getting to large. Keeping all GDX, GDXJ, and JNUG shares.

    12/31/2013 1:29:52 PM ET NUGT Sold NUGT @ $27.18 Executed
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  17. #453

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    Default Re: Bear Cave 2 (Bull Allowed)

    We will know soon if some of the selling of gold the last few months was related to year end tax selling.

    I put in the transfer to move funds into my 2014 Roth accounts at Scottrade this morning from my bank account. My wife is still working so I will take advantage of it until she retires in the next couple of years. The funds are in the queue for now since the banks are closed today, and I will be buying GDXJ with all of those funds. Good luck to all in 2014.

    I'm not a Big Follower of CNBC or Eric King, but I do follow Art Cashin and Rick Santelli and give them extra weight to any comments they make about the markets or indexes I'm trading or investing in.

    A comment from Art Cashin:

    Eric King: “With sentiment at historically negative extremes on gold, do you think that metal might surprise investors in 2014?”

    Cashin: “I think it well could. We should find out early. I think some of the late pressure may have been tax-related selling. This may have given us this December down-spike that we’ve seen. We’ll know that rather quickly. If the selling does continue into next year, then we will have to take another strategic look at where you want to go. If in fact it is tax-selling, it should abate and gold should begin to firm up early into the (new) year.”

    My Blog


    I have NO IDEA if Art is correct, and as it points out, we will know soon.....
    Last edited by robo; 01-01-2014 at 10:31 AM.
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  19. #454

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    Default Re: Bear Cave 2 (Bull Allowed)

    Gold is moving up tonight to start out the new year, but will it be just another Bull Trap? We shall see....


    Gold Charts | Gold Price Chart | Gold Interactive Chart
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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  21. #455

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    Default Re: Bear Cave 2 (Bull Allowed)

    I see upside potential if 1220 holds.

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  23. #456

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    Default Re: Bear Cave 2 (Bull Allowed)

    Quote Originally Posted by CrabClaw View Post
    I see upside potential if 1220 holds.
    Looking good Brotherman....it would be nice to see a rip-your-face-off short covering rally for the miners. I'm currently up nicely on my JNUG and might have to reduce my position size due to the gains. Selling will be based on the rip going higher...if will sell off I will hold.


    Total Mkt Chg ($|%): 13.27% Portfolio G/L ($|%): 35.46%
    Last edited by robo; 01-02-2014 at 08:42 AM.
    “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore

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