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Direxion Daily Gold Miners Bull 3X ETF Message Board

  • lekinsh01 lekinsh01 Apr 12, 2013 2:38 PM Flag

    why this company is down so much today?

    what is good entry point?

    Sentiment: Hold

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    • jabergmann66@att.net jabergmann66 Apr 13, 2013 2:07 AM Flag

      I am sitting in my office late this evening attempting to make some sense to this sell off! I first ask myself has anything changed,FUNDAMENTALS OF GOLD? The answer is NO! Why the sell off of this magitude??? Tech .Selling and stops triggered on the way down! YES! Too many chartist and S/T traders and emotional traders PANIC, it's normal, has happend before and will happe again. What am I going to do????
      NOTHING! There are many reason for a turn around BUT only time will tell! Will China or India, Japan, Banks BUY, Is this a FALSE breakdown? That has happened before in 1971,1972. Could it go further down. Margin call, more scared traders you bet it can! Where is the bottom. I don't know and nobody else knows either. IF YOU OWN THE POSITIONS IN STOCKS OR ETF'S IN CASH! HOLD. IF YOU HAVE ADDITIONAL CAPITAL WAIT FOR A 2-3% TURN TO STABILIZE THEN BUY! Can't stand the HEAT, SELL! Wild card is outside unknow happening?????I have no idea where the botom on a PACIC selloff is! I am holding look to buy in! The Old Man PS Watch DUST and ABX for a clue to a turn!

      Sentiment: Hold

      • 1 Reply to jabergmann66
      • jabergmann66@att.net jabergmann66 Apr 13, 2013 11:23 AM Flag

        Addition to previous posts! For those who like some facts to base conclusions on! You nay go to the comments at KITCO "Latest Gold News" for additional insight for the action on Friday! There are many who will point finger as to WHY??? I look at what MY options are. I started to nibble on NYGT at 20.5, then bit more the following day at 18.5, 1.35, and then 16.72 I buy larger positions when scaling in to the downside (providing I am still conortable with the position I am in) I did't add additional shares going into the weekend. Avg. price is 18.10. I am now is a holding phase and wait for next week. I don't know wher it will open BUT I am comfortable to say I will buy more depending on price Monday or Tuesday. I will not add to the upside unless a 2-3% bounc is made and held. The pants wetter may just PANIC bale out. Then a decsion to add more become a possibility. Fundamentally I have not changed my outlook for Gold at this time. IF YOUR POSITION IS PAID FOR OR LITTLE MARGIN @ 75%, THEN EITHER ADD CASH OR EXTND MARGIN IF A BOTTOM COMES INTO PLAY! I BUY IN 500 TO 1000 SHARE LOTS, DOESN'T MATTER JUST ADJUST YOU BUYS TO YOUR TEMPERMENT. DON'T PANIC AND WATCH WHAT THE OTHERS DO. SHOULD BE AN INTERESTING WEEK! i AM DOWN AT 7.1% ON THIS TRADE. The Old Man Watch 1480 Gold SUPPORT close on monday! Fundamental nothing I can see in the fundamentals. Excellent profits ar made when the crowd go one way and you go th other. Good Luck!

        Sentiment: Hold

    • this is an ETF, not a company, it follows gdx, also an ETF

    • All support levels have collapsed including the all important one at $1495oz. Easy slide now down to maybe $1300oz. Whatever NUGT is at then...buy,buy,buy.

    • Co.???

 
NUGT
11.163-2.0870(-15.75%)9:30 AMEDT

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