Nice pick this morning. Risk/Return doesn't make a lot of sense on short side given it has been crushed from $46 this year and it is trading where it was when Gold was $800. Risking a $1 for $10. Nice to always start up. IMO
I know a lot of goldbugs who have a lot of explaining to do to their sensible wives this holiday season after they were told it was crazy to go all in on something that had already risen nonstop over 12 years. I'm glad I listened to my sensible wife this year and stayed in balanced and stock funds. We are cashing out some nice profits and having a good shopping time. Never go all in on something, especially when it is something that cranky old guys who think the world is ending any day now are the ones espousing the idea as a good one!
No shares available ..because credit sussie.has them all..look at DUST should be trading 70s..where did that go..Worst then Madoff scam
NUGT is using futures and options to "mimic" price of gold miners. That just doesn't work . Those are expiring ,wasting assets. You can hold it if you believe gold will make a big move in a day or two. . Not for longer than a week.
sideways? nice try to make a downtrend more agreeable.
of course when it comes to miners, bulls need not apply.
Even the secular bear mkt for equities of the mid1960-1980's was punctuated by cyclical bull mkts before plunging lower
I guess miners are the exception to the rule..
figure $1 for $10. no doubt a great short this year. think it overshot in a big way. Risk/return $1 for $10. IMO
Caught a little less than 10% a few weeks ago. call it 7/8%. no problem buying here again. waited patiently. some forget this started year at $46, and high is over $60. IMO
folsk todnt seem to anxious for selling. gold/silver are getting hammered and this is down only 2 percent. that has been recent action. Bottomy I hope. I big, juicy bottom...
time for the huge flush to end this down turn. gdx $17-$18?
more pain today bro. but in the big picture it really doesnt distract from the fact thatqe/low interests continue with a vengance. we still have less but still meaty budget deficits and going out we have massive unfunded liabilities. Its sucks I know, i own some of the same stuff you do but 2013 was terrible but selling now may be 'selling at a bottom' or near bottom. the taper of 10 billion is agreat reason for tax loss sellers t finally bail, they now know their wont be a bump from bernake. Low interest rates forever, more debt, more ounces going to asia. Its tough but i gotta think of the big picture and learn from mistakes..