The bull always wants to shake off as many riders as possible
Posted 08 November 2019 - 05:27 PM
well, this sucks but for safeties sake I sold half my NUGT position near the lows of the day. LOMLF, IRVRF and NSRPF saved my week and my UNG trade and I actually made money this week despite losing trades on NUGT and my shorts. I am overweighted those three stocks. Overall with Gold plunging this week it was not a bad week at all. I said before Gold could go to 1425 and it may still. Heck it could go lower. Was just hoping it wouldn't.
Edited by skott, 08 November 2019 - 05:30 PM.
Posted 11 November 2019 - 02:44 PM
my estimate is just a little lower in xau, gdx. gdxj this week. good chance of a low tomorrow. I'm still very bullish but hedged short term. 1425 still in play. I'll most likely be buying things when/ if it reaches that target. I'm looking for a rebound in the miner back to sept highs.
Posted Yesterday, 11:36 AM
not much further to go down for gold and miners. GLD gold is being dumped at same rate as the bottom in late dec 2015 jan 2016
Posted Yesterday, 12:00 PM
all the fanfare, all the new highs and IWM is not even up today. giving back morning pops on the indices
Posted Yesterday, 12:02 PM
forgot to mention, along with all these wonderful new highs,.... VIX is telling a different story. still signaling top
Posted Yesterday, 02:05 PM
Went long some JNUG today @ 55.15 Sold the DUST at breakeven. We'll see how this works for a possible rally back to sept highs and maybe beyond sometime in december
Posted Yesterday, 09:41 PM
I'd like to see Gold get back over 1481 to confirm the ST move is back on. I bought some more LOMLF yesterday. They hit visible Gold, the assays should be out by end of November or therabouts. It should double just on that. Longs way to go to full value. It is a huge project with likely 10-15 million ounces or more. They have proves over a million near surface only but it's a placer deposit. the really good stuff is deeper. Maple gold is very undervalued. Irving Resources is going to be huge next year. We got hits on 7 out of 8 holes. They now know where and how deep to likely hit the boiler/feeder zone. Where grades will be as high over 1000 GPT IMO.