Member
Posted 30 November 2015 - 11:59 AM
Snagged 1% on uvxy and out.
Mike Burk:
We are looking at a nice combination of seasonal strength along with improvement in the breadth indicators and, seasonally, the coming week has not been down since 1987.
Friday's NUGT buy @ 24 is up 5%. Fed moved is likely priced in. Backwardation is in effect on gold.
Physical price above futures.
Gold Backwardation Showing Signs of a Bottom, Potential For Fed Misfire
Edited by Rogerdodger, 30 November 2015 - 12:12 PM.
Member
Posted 30 November 2015 - 12:23 PM
I traded NUGT this AM for a quick gain of >3%. NUGT/DUST is the play book for next 30 days...(if you are a follower on the Twitter...you already know this)...
Gold bottom or a technical (round number) rebound ~1000 is what I am focusing on...
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
