Ultra Gold ETFs

[tsptalk]

Ultra Gold ETF differences.

NUGT vs. JNUG...

http://www.tsptalk.com/images/mb/122813a.gif


DUST vs. JDST...

http://www.tsptalk.com/images/mb/122813b.gif

[CrabClaw]

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.

[MrJohnRoss]

Wow, looks like NUGT & DUST are for sissies. I have one word: Insanity.

[tsptalk]

If anyone's broker has shares of DUST available to short, can you let us know who it is? Scottrade never has any available.

[Weather]

Alot of volatility in gold lately. Anyone playing NUGT lately?

[tsptalk]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

[weatherweenie]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

And not the good kind of hammered. ;)

[tsptalk]

One leads to the other. :)

[Weather]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

3X ETFs will get you hammered in a hurry.

[kohaku2]

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.

[k0nkuzh0n]

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 (http://blogs.barrons.com/focusonfunds/2014/07/24/goldman-on-gold-target-1050-an-ounce-but-1200-is-the-real-floor/)
From Sept 2014: Gold Downside Risk Seen (http://www.bloomberg.com/news/2014-09-24/gold-downside-risk-seen-significant-to-goldman-sachs.html)

[tsptalk]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.
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.

http://www.tsptalk.com/images/mb/100914a.gif

http://www.tsptalk.com/images/mb/100914b.gif

[tsptalk]

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.


Now I see ... Sometimes you get lucky.

http://www.tsptalk.com/images/mb/100914c.gif

Of course it's early and this thing will likely be all over the map today.

[tsptalk]

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
Sold NUGT @ 20.49. Never liked the action and should have sold earlier. I will take the loss here on today's gain before it breaks down again, which it looks like it could.