Check your clock. It's the 10 am dump. NUGT gets dumped hard every few days at 10 am. Its usually not as hard but its there almost every day. Doesn't matter whether gold goes up or down. It's nothing to do with fund adjustments or decay. This is Toronto and Vancouver playing their games. Miners play in markets that are wide open for massive trader manipulation. It's part of the game. You ride them out and get back. The bad part is that it makes up keep taking 1 step back to take 2 steps forward.
It could be zero as well but its not. This is the 10 am drop that Toronto likes to thrown at us. The action gets pushed up pre-market and then it gets banged down at 10. Like clockwork.
It turns out that most of the signatures were computer generated robo-signatures done by some sort of script file. In other words, they were fakes.
I wonder what controls the daily 10 o'clock sell off. Does the coffee kick in? The office harpies start the trader's #$%$? A conference call? It seems like between 9:45 and 10:15 everything comes unhinged. I can't be the only one that's noticed this. Am I?
Remember what Stalin said about it not mattering who votes, what matters is who counts the votes. We said it in Austria and we saw it in Scotland. Both were rigged. This will be too. The Brits will go down with the EU sinking ship.
It seems like I've noticed this the last three weeks. First thing in the morning after Gold has been going up overnight, it's up in the pre-market and then when it opens it either drops or it goes up until 9am central and then drops like a rock. About 30 minutes later, gold collapses. If this is orchestrated its coming out of Toronto or Vancouver. The Canadian traders in juniors are the biggest bunch of crooks around.
Until it breaks 1281. Gold isn't going anywhere. NUGT is another matter as today was a major screw job on the ARCA Junior miners index. This wasn't decay. This was a massive stuff job.
Its not going to happen. It's not the votes that count, it's who counts the votes. We've already seen this in the Scotland vote and in the Austrian vote. The EU will not allow it as it will break them apart. The politicians in Britain are in it for themselves and are selling out their country. The Euro and the EU is going to die anyway, but its got to make more pain before it goes.
what kills me is I was just about to sell at 18 and then I pushed my number up to 20 because it was moving so fast and then boop, it went down, down, down. Greed is not good. Should have stuck to my plan and my number!!! Emotion is not your friend in trading. Tough skill to master.
there is no linear correlation. It could 120 or it could be 12. This is all about sentiment with the junior gold miner shares and be aware that anything that trades based on Vancouver is a #$%$ shoot because that is one seriously fiddled with market. Based on recent trading action, NUGT should be over a 100 this week and then look at this morning's total collapse in price JUST BEFORE the price of gold collapsed. Its the same traders playing a game.
Something else odd is that NUGT seems to peak around 9:30 am when gold goes up and then stalls out and drops back down despite the gold price. Even more strange is how little it has moved in relation to gold during the last 2 sessions. NUGT is based on the junior gold miners index but some of this movement lately is just plain odd. Its as if there is no faith in continued upward momentum but someone is just adjusting the NUGT price to partially reflect gold's overnight movements. IDK - it just seems weird.
Gold is heading down hard starting this week for the whole month of June at the very least. Today is a head fake before it begins. The Gold-Silver ratio has turned and is heading back up. Ratio up means Bearish for Gold, Ratio down is bullish for Gold.