If you will, tell me your personal opinion of Gold here. Is this a buy opportunity?
https://www.surveymonkey.com/s/VJ2CWX3
Thank you,
OA
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Joined Aug 2, 2009
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That was some epic volume. These friday covering rallies indicate the big money is not ready to short into the hole. I suspect we’ll trade above 1180 for a little while just to get the bulls back in.
Ha ha! I *so* wanted to click the granpa dot, but I played nice…
+1, going to take a guess with 15% granpa dot
yoshii – I couldn’t see results, but will be interesting…
gettin back in the game with TWTR yolo 41’s
and I’m out
Haha. Love the title
From someone far smarter than I
http://www.globaldeflationnews.com/gold-elliott-waves-forecast-a-multi-month-bear-market-rally-ahead/
I’ve seen so many contradictory Elliot Wave analyses on Gold that I suspect the method just sucks at predicting future movement.
I wish Elliot Wave would focus more on risk management or how to use the information to trade as opposed to try to explain every single market move with 6 alternative scenarios.
Gold at 1500=NUGT at 70+
This gold rally is like a last ditch blitzkrieg on Utah beach, August 1944, while Allied troops reach the Seine and liberate the frogs, and head toward Berlin.
Long $GLD. Believe USD has appreciated rapidly due to Russia sanctions, deflation concerns and speculation of a early 2015 rate hike. In addition, believe ECB negative has forced large EUR holders into USD in search of yield. Fed will eventually have to fight deflation and rising USD. Will be drawn into fight once CNY devalues to counter Yen/Won. USD now approaching 2003 value. Difference between 2003 and 2014 economies should be apparent to all on this forum.
If one were to infer risk appetite from Utitlity shares, one might conclude we are in Risk On mode and Gold shares should crater lower as investors swap out of safe harbors.
If it’s Brown…
Flush
it
down!
i suspect we’ve seen some bear trap and while i can’t dismiss we will search new bottoms it’s year end , and my jnug never looked better then now
JNUG looked better on Tuesday
I didn’t see my choice in the monkey, so I’ll do it here.
I’m “bullis”…
…till the end of the day.
Ok I’m not bullis anymore. I’m seasick.
did i forgot to say there’s some FITX that wants hard to snap that fab and easy 50% from where it is
talking gold , among the others , there’s some ANV beggin for attention .. go figure
so, if OPEC doesn’t cut production, and oil craters…gold becomes less attractive, that money funnels into the market and we continue higher. OPEC meets in 2 weeks, so we’ve got 2 weeks of a gold rally or slightly up to flat, and then it could be right back down based on OPEC status quo
Whatcha think about FSLR here OA?
Time frame?
Jan. Calls?
Watching the hammer.
GLD Gap fill to 115 – what it does there will make or break the trade.
failed right at Oct lows…let’s see what happens from here
Yup, looks like they found a motivated seller – now it is interesting
Not to be the “indicator guy.” But there seems to be a bullish divergence between GLD and the stochastics on the weekly chart. If GLD closes above 112.95, I see more strength for GLD in the coming weeks.
If the GLD can crack 115 I’ll turn from short term bearish to short term bullish.
If you’re neutral, just don’t vote. It’s the same thing. Unless one just has to take part I suppose.
Not the same thing because it displays the level of “uncertainty/confusion” of willing voters.
Holy fok. Turned away for a second and gold goes ballistic.
115 is key for gld
21 seems key for jdst
lol at you turning away for even 1 second
No kidding – went to a meeting and then BAM!
VSLR looks like it’s getting ready to possibly make a move to 14 in the short term as long as it holds diagonal support from Oct 15 to Nov 11 lows.
TWTR really is a thing of beauty…next stop 50+
‘bullis’ needs to remain and be its own category, like levered 1.25X or something
When my friends and I have a weekday off from work, we play the Bchu drinking game. Everytime he mentions solar or gold we have to take a shot…by the end of the afternoon we are pretty lit up. LOL (just joking Bchu, hope you’re not offended).
thought you were going to say you take a shot at the other side of his position…
you must like betting against OA then. tsk tsk.
I think he has severe compulsion to talk about his position in gold/solar. He has been diagnosed with “CDO”. It’s a case of “Obsessive Compulsive Disorder” that it is so severe that it is renamed so the letters are in alphabetical order.
What is the poll result?
OA, I think gold will go up. it broke triangle lower edge and turned up. this kind of fake move usually means the real move will last for a while
gold hits 1400 next year
Long NUGT
Agree John hager..
JDST is right at the spot buyers showed up a few days ago to start the rally. If you’re gonna take a shot this is THE spot to do it!!! Know if you’re wrong very shortly…
Buyers starting to show up… See if they can protect from here
I’m”Bearis” on Gol
Not trading much lately but did buy a few $LOCK 18 calls yesterday at .55 after a mention by RC.
JNUG has MASSIVE volume today…it’s going higher
yes it is. so oversold its laughable.
Long 33000 NUGT @ average price of 17.2.
I will be having the last laugh at you jokers. all of you clowns were making fun and now want to hop on the bandwagon. No thanks – keep shorting and I will keep buying
oh right on cue the return of the old sfasdasfasfsda what a surprise…..
is he the anti-chub
keep shorting and I will keep buying. Epic Short squeeze in the making. NUGT prints 50+
who said I was shorting, you usually cue me when to take profits though
please sell. I will be on the other end of the trade.
This is the buying opportunity for the next 3-5 years in the metals
I think this gold rally is real. Rarely seen so much pessimism on gold lately. My father who was a long term perma bull capitulated two weeks ago. CNBC had a commentator talking about the vomiting camel pattern on gold a week ago or so… I think we are about to see a short squeeze on the Euro…all good for gold.
exactly. the long dollar/short metal sentiment if of epic proportions – jeff included. He thinks gold hits 700. Good luck with that
If you’re gonna spew your garbage at least get your story straight… Show me one time Jeff called for $700 Gold. Good luck with that….
he did idiot – said he would not buy until his neighbors and family capitulated and said that would be around $700 oz. get your tongue out of his ass. I respect his trading ability immensely but have said all along he is wrong on the metals
weren’t you also ‘rooting’ for a terrorist event on 9/11 this year? some great guy you are
No dumbass… he has been calling for the volume pocket to $950… Like I said get your fucking story straight before you call names princess.
Big boys are definitely playing right now
Obama is squeezing the metal until Putin is all-in, then he’s gonna rug-pull the sucker, like he’s doing to black gold. Obama is a trader’s trader! 😉
What a terrible entry in JDST I took at 26. Should have been more patient and waited until today where risk was much easier to manage…
I bought JDST stock yesterday. Bailed out at even today as it plummeted. The stupid volatility just doesn’t work for my trading style or nervous system.
Definitely not an easy trade, especially if you bought north if 25. I am still waiting to see today’s resolution. If gold closes above 115, then I would cut losses
In a world of 6000 stocks I can find better risk reward opportunities. I’m sure those who are more in tune with gold’s movements can do well here.
still holding this NQ short. Hoping for a late day sell off instead of the usual ramp.
Everyone who is panicing on Gold slow down for a second…
1. We’re still below the breakdown of the triangle in GLD.
2. When we broke down it was on more volume then this.
3. GDXJ is not even close to it’s breakdown point yet.
4. JDST is still above the lows.
The Gold Bulls aren’t going to just roll over and die. That would be too easy.
dumb
Shouldn’t you be out cleaning some windows on the street corner or something instead of playing in you paper trading account. Go to your room and let the grown ups talk here.
Gold closes the week above 1180 and the shorts will be running for cover Monday morning
LMAO at JDST
jeez louise, this guy makes me appreciate bchu more
overstayed your welcome on shorting gold eh?
I’ve never traded gold dumbass I’ve just noticed you are your own worst enemy. you only care about someday being able to say I told you so, as you go broke
really? I’ve made $66000 on this move alone today but that will be peanuts compared to what is going to happen in the months ahead. Keep buying the USD.
alll you do is talk shit. you tell everyone else to shutup. you need to stfu
GG prints 30+ next year
just so I understand how you calculate making money (i.e your 66K on this move alone), you have a cost basis of 17.2 in NUGT, correct?
yes. under water on average price but account has improved 66k on todays move. I won’t even consider selling until NUGT hits 40-50
wow – just wait til the JDST and DUST margin calls come in later today. LMFAO
this is just a minor glimpse of what can happen when they allow a 100:1 leverage on the metals. and the paper shorts are about to get hammered.
NUGT??
hey Jeff – how you doing? is today’s hammer in the metals changing your view?
I’m good. Not a bad spot to resurface. 1190 changes my short term view in GC. Today’s high marks the retest.
I’m surprised you haven’t turned more bullish on the metals considering the overwhelming long dollar/short metals sentiment. at historic LOWS.
My in laws haven’t cried uncle yet. Just the resident dip buyers and gold bugs.
go have a beer with your family and neighbors and check their metals sentiment
I’m developing a bullish stance on Copper…but not Gold. My in laws were just telling me Gold “has to bounce soon.”
Anyone who would let 1 day change their view is a retard
Where were you last week?
one day? good check the charts corky. This turn has been in the makings for WEEKS.
ChessNWine called the bottom yesterday. Showed a chart that price was at 2008 crash lows. Has GDX on breakout today with first target of $21.25. Would not want to be holding JDST here
chesswine is wise.
Once GDX hurdles 25 – its off to the races. Dust will be back in the teens soon enough
I had JDST on long radar but it looks like it might close below the ma…short term bearish.
ChessNWine also is taking on shorts in the market here though…I don’t like that call. I’m with OA re: bullis market in to the holidays
Thanksgiving thru New YEars favors the Bulls.
Long JDST at $21.20
that’s as good a surgical entry as you can get if you’re playing it long
today is the the text book definition of a HAMMER for the metals
Based upon the comments section, seems the consensus here is “short term bullish”…long term bearish? ….interesting.
http://www.youtube.com/watch?v=iUOP-s3duY4&sns=em
Jeff – what if your in laws never cry Uncle and hang in til the next Gold Bull Market??
There is still a fed meeting on Wednesday to consider. September’s favored the metal, October’s not so much…
they sure in the hell aren’t raising rates anytime in 2015
They are just saying what they are thinking about doing – and yet that moves the markets….point is that if someone even perceives excessive hawkishness or dovishness sentiment can shift on a dime. JDST was at 19 before the last fed meeting….went to 41, previous meeting was at 22 and went to 15.
Jeff can’t have it both ways – sentiment in the metals is at alltime lows. for all we know his neighbors might be excellent contrarian investors
Ha, if you only knew.
are they bozos?
Always on the wrong side of the turns. In at 07, out in 09. AAPL at $700, Sell at $400 type of shit.
Generally speaking, that’s not usually how it works.
Such passion here
imagine if this were a trading floor
LOL…good point ecchymosis!
wow, gold certainly gets the CROWD excited. With this many people yelling about it best left alone. There is so much resistance overhead and no way it just pushes though. For GOLD to make a sustained move it’s going to take weeks. Felt I had to give my 2 cents as everyone else has 🙂
go back to the reservation and smoke a bull Chief. Leave the metals trading to the white man
Idiot (dfasd)
Hey dfasd,
I know you, your the guy who lives in that tiny house at the end of the street from me .
yep – just 3 Wigwams down from you
Hi chief,
Today has all the making of a JDST bull trap and run. Look at the volume reversal off highs and accompanying engulfing candle. DOesn’t get more uglier than that. Just being objective.
Agree that gold has a lot of work to do in order to get bullish…so much technical damage
posters without avatars should always be
ignored
or used to take opposite position
Jeff will like this: someone just bought 1125 contracts of the March 15’s NUGT for $3.3.
Yeah – NUGT is really going lower. LMAO
I’m about to cream my drawers thinking of where NUGT is going to be
JDST down 20% today. Beautiful move.
Other than X and LULU, have you had any public picks in the past three months that haven’t gone to zero?
No. All my trades lose money. I never win.
my gift to the forum: buy CTIX. its going to $10.
when is the 1-3 reverse split? haha, just playing 🙂
their pipeline is valid and will be fast tracked approved
I’ve got a friend with psoriasis, so for her sake and the general well being, I hope they make some advances that are approved.
DUST and JDST margin clerks cracking their knuckles and getting their fingers warmed up
here’s me checking my account:
http://cdn.socialtrade.com/comsys/imgs/Mickey_Mouse_by_garrett_btm_VXH8AA_m.jpg
End of day for the gold trades is going to be fun – I doubt the session is going to end calmly and in order.
speaking of gap fills – JNUG has one to fill at $10