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Thread: UGL - Ultra Gold

  1. #1

    Default UGL - Ultra Gold

    Gold is looking ready to make another move, although there are some open gaps below that I'm not crazy about.

    I bought some UGL this morning at 51.36 looking for the 2019 prior pattern (double bull flag) to repeat itself.



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  3. #2

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    Default Re: UGL - Ultra Gold

    Still riding UGL?

    Miners retesting breakout on weekly. Looks like another bullish setup for gold and gold stocks.

    gdx break.JPG

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  5. #3

    Default Re: UGL - Ultra Gold

    Quote Originally Posted by Bullitt View Post
    Still riding UGL?
    I actually sold that position on for a 7 cent loss after the failed breakout in early Feb. But coincidentally I bought some again today on the pullback.

    Description PROSHARES TR II PROSHARES ULTRA GOLD
    Price 56.59

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  7. #4

    Default Re: UGL - Ultra Gold

    Quote Originally Posted by tsptalk View Post
    ... coincidentally I bought some again today on the pullback.

    Description PROSHARES TR II PROSHARES ULTRA GOLD
    Price 56.59
    Stopped out! Filled at $53.221

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  9. #5

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    Default Re: UGL - Ultra Gold

    Can't bring up chart right now, but forced selling in metals may have capitulated today. Big money sold their gold to raise cash.

    Markets in general should start to find a floor here.

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  11. #6

    Default Re: UGL - Ultra Gold

    Quote Originally Posted by Bullitt View Post
    Can't bring up chart right now, but

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  13. #7

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    Default Re: UGL - Ultra Gold

    On the cusp of a reverse H&S breakout here?

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  15. #8

    Default Re: UGL - Ultra Gold

    Is UGL (2X gold ETF) giving another opportunity to buy near inv. H&S the breakout levels? It also filled that open gap today. There is another open gap down near 56.


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