sentiment on gold is very bearish right now but there is some signs of at least a swing low put in place last week. Depends on who you talk to, Im playing for a bounce.
Ultra Gold ETF differences.
NUGT vs. JNUG...
DUST vs. JDST...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
sentiment on gold is very bearish right now but there is some signs of at least a swing low put in place last week. Depends on who you talk to, Im playing for a bounce.
Wow, looks like NUGT & DUST are for sissies. I have one word: Insanity.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
If anyone's broker has shares of DUST available to short, can you let us know who it is? Scottrade never has any available.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Alot of volatility in gold lately. Anyone playing NUGT lately?
Current allocation: 90-L2030 10-L2050. Trust in God and keep your powder dry. Oliver Cromwell
I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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One leads to the other.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
gold futures are even more volatile. Am short now which is good but half an hour later may change by $500 per contract. The 50 day ATR is 15 which averages $1500 move per day per $6500 margin.
Goldman Sachs is bearish gold.
From July 2014: Goldman on Gold: Target $1,050 an Ounce, But $1,200 is the Real ‘Floor’ - Focus on Funds - Barrons.com
From Sept 2014: Gold Downside Risk Seen
Saw some positive action in gold recently, possibly trying to bottom. I'm buying a little NUGT on this morning's pullback.
Bot NUGT $22.2699
I'm not sure how I got that good of a price. It was trading at 22.44 when I entered a limit trade and I got this chart just a minute or so after purchasing. It's a mover.
Last edited by tsptalk; 10-09-2014 at 09:22 AM. Reason: added GLD chart
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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