this scam artist has been claiming medical and tuition bills for his/her family for 10 years now. This is just a ploy to build credibility of which she has none. buy dndn at this troll's rec if you're crazy.
Agree with analyst2987 that we are in a BUYING area, rather than an ideal selling area...a RANGE of potential buy/add points...OR possibly the most-longed-for actual bottom.
Actually think that the relatively NEW POSTER (coverthered), who has been negative overall and claims he sold shares we never heard about (in how many years of reading CDE message boards?), might be a 'plant'...pretending to be a disgruntled long...
to be an 'example' to others to throw in the towel.
Personally think that's the goal of several others on this message board who pretend to be long OR to be concerned about the gold and silver market, but do nothing but carp and criticize LONGS on this message board and sometimes longs on other message boards.
It IS a sign of a bottom when longterm longs capitulate, however. Washout volume in NUGT for many weeks is also a plus, imo.
Also a potential positive: partial profit taking in US broader markets ... with bullish moneyflow into DXD SDS QID ... a sign that some cash may be available to buy miners or metals at these oversold levels.
All my opinion.
Peace Strategies Agape~
why do you expect the miners to outperform when the market crashes? When does the market start to crash, and why? I'm gonna guess this POS hits $7.50 before $13.50... whatta ya think of that? Maybe test Mr. Ed's .56 err... $5.60.. he will still be pumping this POS, too funny.
Didja cover yer short on JRCC? (coal) Has ahd a 50% upmove in about a month.
Why didja arrive here very close to the BOTTOM for precious metals miners?
Why were you trashing JRCC even as it was about to rise and DID rise?
I understand reasonable shorting. I assume you are instead a rep of some hedge fund that wants to cover CDE very low? And also load up?
Just my opinion, based on a glance at your previous 'methodologies' in posting.
Have you guyz finally COVERED NOW? Same fer wild_gold, jimmy_stokss and all the downside bruser cruise crews around these parts.
A clue is either laughing when others lose money (sign of lack of character) or stalking with negative posts and negative recs to longs (as a coupla posters do here on CDE to edmundaronson and to me).
NUGT ... lotta washout type volume ... looks like the 'end' is near for shorts?
I'm planning to be here to buy at the turnaround point, or very close thereto.
You have posted you hate coal miners. Do you also hate precious metals miners?
Peace Prayers Agape~
DUST and NUGT should never be long term plays. The "leverage" means that you are incurring decay and interest costs. I use them for 1-3 month plays. Earlier in the year I was purchasing DUST at the $32-50 level and eventually sold them for $128, $133, and $136, so they sure worked for me! I did the same with NUGT during the lone rally in gold this year and made a near 100% return. If you are running a 1-3 month trade and are correct, you cannot beat the return of these ETF's. I have had my best year trading this year and one of the reasons is a shift to using more of these 3x ETF's.
Do not do simple straight line math calculations over prices on them, because you are leaving out some pretty large distributions. Every 6-10 months, leverage ETF's will have a pretty large distribution. I think recently they had a $10 distribution. Once while I was playing a 2x inverse S&P (back in 2007) I got a $28 per share distribution. These will not show up in your charts or graphs. FYI, here is DUST's return recently:
Cumulative Total Returns AS OF 11/29/2013 (From Fidelity)
4 Weeks +44.61%
13 Weeks +58.62%
It's a summary of ONE of my reasons for buying some miners as low as possible. (Due to need to pay medical and academic for immediate and extended family, I can't buy and hold physical silver and gold, but I'm not selling my silverware !!!)
VXX (volatility index) has shown moneyflow for several days. 'Some' are tiring of the 'heady' daze of market dizzying heights. Personally, I'd love to see a solid rise in markets that was based on SOLID ECONOMIC NUMBERS instead of the lies we see almost daily. (Our family does buy and hold major equities in the US & eleswhere and hope they do well. It's just that...if you look at shadowstats (website), the org website USdebtclock, and zerhedge, as well as what Cato Institute, Heritage and some non-sheeplike non-zombie-followers have to say...you will be wary...
NOT a rec...just an opinion.
Profit for Good Causes
trading BEST BOUNCES where I kin find'em ...
NOT a rec to SELL at these levels, even IF gold falls more.
GLD is close to a retest area. Have started several other tiny NEW positions (not mentioned on any public message board) and am HOLDING those precious metals positions.
This week, next week, this month, or next year...these 'nuggets' (including my 'core' of CDE...will be the long positions with which I'll play ping pong ... once shorts are 'done' playing hardball. I wouldn't NEED to play games IF 'they' were not playin' market games. I like the idea of buy n hold quality companies...holding over a lifetime and even passing on down to the chillen' ... but the 'elite' manipulators play with all the economic numbers while ignoring the REAL unemployment numbers, the REAL effect of catastrophic legislation (like UnaffordableUnCaringAct, EPA strangulations, carbon crimetime crumbles, Cringeful Restrictions on small biz and energy, etc. ... not to menion 126 trillion (at LEAST) in unfunded liabilities)...
so beat 'em at their own game. JUST my opinion.
If one buys CDE in 10's and AUY in 8's and AEM in 25's...my opinion is one will come out smelling like roses rather than horse-poopie. I DO believe MEANINGFUL diversification is worthwile...however...but not MINDLESS diversification, simply for the sake of holding a 'category' of whatever. Diversifyting or a REASON.
I spend a few hundred hours/year examining which biotechs, niche stocks, etc. to trade 'around.'
ONLY an opinion.
You're full of it! A dime up off a 52 week low is no bounce! This thing has been setting lower 52 week lows all along! I was not here when gold was almost 2,000, but I'll bet you have been saying the same crap all the way down! CTR
117.50 lod GLD...now rising.
'Darth Traders (Precious Metals Shorts and MIning Shorts) will see their Death Star exploded...SOON. jmo
Fund money sometimes finds its way into the market near the end of the trading day.
BUYERS of those who are tax loss SELLERS...will be the fortunate holders of GDX GDXJ CDE and many other miners next year.
DESPITE any volatility from this area. I sometimes trade out at breakeven or slight loss to trade more heavily intraday where there is technical clarity or solid news....in one of my other positions.
THE DARK SIDE IS ALMOST DONE WITH THEIR 'DIRTY WORK'...'DEATH STAR' creating precious metals downside
SOON TO END...
READY TO ADD...AGAIN...lookin' fer strongest movers...CDE has been held down very 'nicely' (from a longs point of view, if desiring to add)...and has not (yet) experienced the bounce AEM EXK HL and many other miners have had. AUY also 'nicely' crushed. NUGT is hugely oversold and is one radar, tho I prefer to buy specific miners and trade 'around' 'em. Even after precious metals 'bottom' (or bounce) may still be some volatility due to tax loss selling. Neanmoins, the fund/institutional buying should snarf that it if 'they' have half a brain.
JUST my opinion.
Peace Strategies Agape~
Sold entire position of 31,125 shares bought a couple months ago and ate about a $70,000 loss. What a POS stock this thing is and it looks like it will get worse. I will not be buying back into it either. CTR
Touching a downtrend line & bounce...may be intraday trade back up...
Peace Smile Agape !
Yep. Posted on the other thread...as always...my small adds are tentative...and need confirmation...so I sold the 'additional shares' for both CDE and LODE...Had added in 10's to CDE and to LODE in 1.70's. Sold both about breakeven.
DO have cash from these sales and will be taking profits elsewhere for the eventual bottom here. Hns (negative) formation for gold was UNLIKELY to fail...but thought we might have at least a tradable interim bounce.
Will continue to evaluate all positions (when I'm here to do so).
Looks like 10.31 intraday reversal for CDE...fer now...Not sure if 'they' will try to smack it down below the lower BB.
Please no hope with all mining stocks! They are ALL awful! Hitting new lows every month!
CDE continues to violate previous support line...
Could recover EVEN IF gold/silver are given one more huge smackdown...IF investors/traders EXPECT the smack down will be followed by a significant short covering upmove or even a reversal.
GDX GDXJ CDE all violating recent support...need to snap back fast to convince me they will not test lower...tho the test MIGHT be a huge buy op with a rapid upmove.
Bullish inflow some volatility indices...near term for major US index...Some articles 'touting' a trade of 'VIXes' rather than grabbing some precious metals miners...I think both...but miners .... heavily ... only after a clear reversal. Already see nice looking vol for VXX and related.
Bearish hns formation for gold appears to be ready to follow through:
EXTREMELY NEGATIVE for gold....not sure how much MORE miners have to fall...GDX new low of day...ditto CDE....sold my small quantity of additional shares of CDE and of LODE due to all of the above...holding small core 'CDE' and several others.
Was NOT overweight miners with respect to other industries/holdings.
Still overweight overall in certain biotechs and energies (PRAN +15% today...with overall move from lows for DNDN from 2.30's low to about 2.99...with CYTX bringing up the rear from low 2's to high 2's., followed by pullback and another bounce. Took partial profits in CYTX on recent bounces and will add again. Also have some nat gas/energies and niche positions...trading these....along with the uranium miners...some also up another 6% today. UGAZ, which I've been mentioning repeatedly, has moved from 11's to 18's...now overbought. UGAZ also has 8 consecutive days of upside volume and needs a breather. Ditto weather (respite)
Holding AEM...long term...purchased recently in 25's...along with small 'core' CDE...current plan...
May overweight precious metals miners again, at least short term, after the hns for gold plays out.
Thanks again for insights/comments.
Profit for Good Causes
Its no secret that I am short miners right now (this year I have only been long miners for about 2 months), "
jboe, if ever there there was an example of "EFTs are for selling" it would surely apply to the 3xNUGT.
After reaching a high in early Sept 2011 at around $2100(adjusted for reverse splits) it now trades under $28 today. So, what's that?- about a 98% loss? I wonder how much the sponsors made riding 3X DUST up? Good goin' getting a piece of that move.
Snook, I will agree that buying another miner at the top of the market was repeating their previous mistake - especially seeing that it took years to recover from it.