He mentioned "HUGE MOVEMENT OF GOLD AROUND MID OF JAN 2014" I hope he is right. No wonder Duy put million dollar in GOLD. So excited.
Thank you for the good info. This make me feel much better.
Merry Christmas and Happy New Year all my friends.
danny-TOM DEMARK WITH RICK SANTELLI. plug that into youtube search. it should be good for your stomach ache. i am going to try and dump my positions around 2nd week of jan and start slipping into gold.
NG rallied after the market closed yesterday, so it is actually up compared to yesterday's closing. But the spot market rallied after market closed and day closing on spot was much higher the market closing... It pulled back big, in my opinion it will sell off even bigger but I think that was the confusion.
I have a small position of SLV, bigger position in SCO but as you already now my money is in DGAZ. I think DGAZ is the safest trade at this level, and Shorting Oil at 99 is the second best, I know you guys are big in metals and I do have a small position in SLV but another tapering in 3 months, I'd not surprise if we see gold at 1000. Don't put all your eggs in one basket. Good luck!
I listened to big guys discussing about gold the last couple days, I think they may be planning on it. If they take action on buying, we will be good. I say we stay still and be cool.
I only can say "thanks God" for sending an angle to look over my accts. Today is a good hunting day. We are not celebrating until we see USLV at 60s and NUGT at 53s. Thank you for believing on my calls. One of the accts was up more 6 digits.
NG down 1.2%, but DGAZ only up 9 cents. It doesn't make sense. Someone is holding it down here.
and the final piece of the puzzle, the taper and interest rates. first the fed is sill in the printing biz big time. couple with that they are not going to raise rates, and gold still looks valuable. but keep an eye on interest, at 6%, folks will go to cash in the bank rather than gold.
""The Fed also sought to enhance its commitment to keep short-term interest rates low for a long time after the bond-buying program ends. Fed officials inserted new language in the policy statement that stressed they will be in no rush to raise rates once unemployment reaches the 6.5% threshold the central bank has set out as the point at which they would start considering raising rates, as long as inflation remains in check.
The Fed said that “it likely will be appropriate to maintain the current target range for the federal funds rate well past the time” that the jobless rate dips below the 6.5% threshold, “especially if projected inflation continues to run below the Committee’s 2 percent longer-run goal.”
The details of the $10 billion cut: The $10 billion reduction is split in half, with plans to spend $5 billion less per month on long-term Treasury bonds, lowering the central banker’s purchases to $40 billion per month, and a cut of similar size in purchases of mortgage-backed securities, to $35 billion per month.""
oth, i figure at $1100, pog, about half the miners can't make a profit, (jmo). if true, that can't be good for nugt.
"Darby also has a surprising outlook on what will happen with a drop in gold prices. While some have argued that production will automatically stop now that prices are below $1,250, Darby says the opposite will occur – at least in the short-term.
"Ironically, as we break through our target, we will start to see companies actually initially trying to produce as much as they can because they start to face some cash flow problems," says Darby. "But, we think that around about this level, over the next 12 to 18 months, companies will be forced to cut back on production as, unfortunately, their cash costs start to turn negative."
i'm seeing the strategy of holding nugt, it is now about pe relative to other comps, not where gold is going. have you checked on miner pe's, are they indeed too cheap here?
Morgan Stanley’s Paretosh Misra, Piyush Sood and Marcus Lindberg today are building a bull case for gold-mining stocks based in part on cheap valuations following the selloff.
They also note that gold miners managed to expand their EBITDA per ounce of gold by about $50 per ounce on average during the third quarter even as the price of gold was falling — the fruits of recent cost-cutting efforts. See the chart to the left.
If those miners are making deep cuts today, tomorrow’s earnings are that much likelier to reflect the benefits of being lean.
There is guarantee trades in the market but if i must pick one... I'd say DGAZ at low 8s, this is the only position I feel comfortable about eventhough I'm currently in the most red in terms of $ among all my positions.