If GDX gets to $25.90 and holds, it could run to $36
Meaning NUGT will run to $240++ We can only hope!
I kinda enjoy when people cannot comprehend what they read. lol
You may want it to be Goldman, but it's CITI.
Goldman reversed their short.
It took a while, but the PMs FINALLY made their starting move.
Things take so long to evolve!
$6.60 to $10.80 One year and 5 months.
Well,I'll say this. You've got b allz.
But, in the longer term,if AU and AG move like I believe they will, you may actually make a fortune.
Apparently, he has no clue of what he thinks he bought.
And, by the sound of it, I'd wager he probably not only bough it to hold, but worse, he may have bought calls!!!!
He doesn't understand the built in erosion/degradation in the 2x or 3x etf/ecns.
No downside risk?
So tell me, what happens if say tomorrow, the South African case is decided against the miners? No downside?
Have a core long in AG miners.
Will be getting out of trading posit today .....or tomorrow. They could drop it in next few days. Will re-enter at $16.30 ish if all gores acording to plan.
It's called a GSMFR.
Goldman Sachs mini fake reversal,taking up in blips.Then, they will drop it for a shakeout in the coming days.
They are in the process of adjusting. So not quite all out but getting there. Reversing stance on dollar/yen and i rates related.
Actually, you'll read about it over the weekend.
They did, and are blaming it on the job report, thus "changing" their stance on what the Fed will do.........and reviewing their dollar denominated investments and recs.
He doesn't understand the correction, which was shallow,already happened.
Even the Elliot Wavers admitted as much yesterday as they started jumping on.
IMO, you are in the midst of a market pullback, which will leak into next week x2 in all likelihood. Much sideline money is NOT in PMs and miners.
Much of the sideline money will read what's happening over the weekend and IF any minor upside in PMs Monday, BOOM! They will not want to miss this.
The charts ALL point to break outs with little resistance now.
GDX in fact shows a run to $33-36.
How's that workin out for ya?
LAst night I told you you'll be crying.
IF yur a short term trader you really MEZZED up and obviously don't look at ANY techncals.
True, nothing goes traight up, and either will this. BUT, if we get past $26.26 next--$33 will follow quicker than a blink.
Be VERY careful if yur short!
And, by June, regardless, the 20s will all be distant memories.