The Street and Forbes seem surprised that the price dropped below Friday's close too. The Street even called it a laggard, although it was actually up and Forbes had an involuntary hysterectomy because it dropped below book. Stupidity.
Been hearing this broken record for years. Turn out the lights briefly and the floor is crawling with Pimco Sout Grapes Bears.
"If gold goes below $400/oz, then they just pay the current price of gold"
Hey Pumpkin, you may want to crack a window and call the gas company. You've obviously got one heck of a leak.
They're not paying all that money so they can buy gold at the market price and if the price of gold gets to $400, SLW will be in receivership anyway.
I've heard that Disney is planning on opening a new Fantasy Land for dullards who claim Warren Buffett or the Chinese or Paulson or Icahn or Prince Alwaleed is going to buy out the companies in which they've invested. The admission ticket is a certified deed to the Brooklyn Bridge.
"Obama tells bald faced lies"
But when it come to lies that cost us trillions of dollars, thousands of dead Americans and hundreds of thousands of dead Iraqis ...
In justifying the US invasion of Iraq, George W. Bush claimed:
(a) that there was strong evidence of WMDs, when it seems clear that there was none and that this was well known to Bush and his closest advisors at the time the claims were made 11
Circumstantial evidence: Bush was apparently determined to invade Iraq whether or not evidence was found, but although this indicates dishonesty it does not prove that he actually knew there was no evidence; it just proves that he didn't care whether the invasion was truly justified.
(b) that Iraq had refused to allow UN inspectors (see 3, final paragraph) to confirm their claimed lack of WMDs, when in fact Iraq did allow the inspectors in and the inspectors had found nothing. ("In 2002, the commission began searching Iraq for weapons of mass destruction, ultimately finding none." [W] and "The Iraqi government did what it was required in the 1441 resolution and presented a report of its weapons. The US government claimed that the report was false for not recognizing having the WMDs. It announced the invasion in the Spring of 2003."
(c) that Iraq was connected to the 9/11 attacks (for which there is no evidence):
"thier " - - - - - I before E except after C,
Except for ... beige, cleidoic, codeine, conscience, deify, deity, deign,
dreidel, eider, eight, either, feign, feint, feisty,
foreign, forfeit, freight, gleization, gneiss, greige,
greisen, heifer, heigh-ho, height, heinous, heir, heist,
leitmotiv, neigh, neighbor, neither, peignoir, prescient,
rein, science, seiche, seidel, seine, seismic, seize, sheik,
society, sovereign, surfeit, teiid, veil, vein, weight,
"People back in the day would go to jail for pulling a CON on people."
So how much time have you done? I suppose you're eager to get back before Bubba finds a new "girl."
"Pop above 465, maybe 483 by Tuesday afternoon"
With brief afternoon showers and occasional gusts to $715.
I can feel it in my bones ... and other fool-proof investment theories.
The Nebishes always claim "manipulation" if their never-fail investment strategy isn't borne out by the market. Of course, if the price heads in a direction that confirms the Nebish's prediction, that's not manipulation. That's pinpoint investing.
Nebish philosophy: I'm always right. If the market acts differently, it's wrong and being controlled by evil forces.
The rule of thumb is:
If someone can ask a stupid question, someone will.
"I almost bought this today under $8, but just trying to figure it out real quick."
If your objective is to gain understanding, why would you visit Yahoo?
Since your opening question was to find out what NUGT (allegedly) tracks, while claiming you almost bought it, can we assume that "due diligence" for you means throwing a dart?
"Your are correct."
Gee, KeepShorting, you seem to have a follower. And he/she/it has such a way with words.
Maybe the two of you can make some posters and start your own Occupy Beaver Turd North Dakota, or wherever it is you're from.
Now let's be honest, Jethro. No broker would allow you to short anything.
Unless Toys-R-Us now offers Ken & Barbie brokerage service for the dumpster pickers, you probably only have a cash account that requires mom's signature on any transaction orders.
It's: Shorts lose this week. LOSE, not LOOSE
When you try to make fun of someone, try to spell your scathing comment correctly.
Unfortunately it was up, up, up and then down, down, but still up a bit ... so far.
And on the NUGT board you wrote:
NUGT is position 8 on a top 10 Over Valued listing over on
Extreme Value Stocks
"People smarter than I have described this much better -- "
Well at least it's nice to know that you have no idea what you're talking about or the meaning of the thoughts you're parroting.
Maybe you could go on to share your thoughts on a whole host of topics that smarter people have described much better than you.
"NUGT looks like a loser unless the price of gold stocks is rising"
Actually it tracks the price of gold MINERS, numbnuts. More specifically 3 x the NYSE Arca Gold Miners Index or close to 3 x GDX.
I can only hope you're living in some sort of sheltered housing facility and that some normal person is managing your finances for you.
"Any toughs?" Are you even care to check..."
It does raise the legitimate question as to whether investors in NUGT actually know what it allegedly tracks.
When I used to trade DIG, people would go apoplectic when it didn't track oil prices even though it is clearly stated that it tracks: oil drilling equipment and services, coal, oil companies-major, oil companies etc.
I guess some people regard it as the same thing as stepping up to the craps table in Vegas without any notion how money is won or lost. It makes you shudder to think what would happen if the Republicans turned SS accounts over to individuals to manage.
Wow, you've convinced me with your insightful analysis. When your prescient message leaks out, the market could tank.
At least I'll give you credit for coming out of the closet. It's time for idiots everywhere to follow your example. Incontinence, mouth-breathing, knuckle-dragging and copious drool are no longer something to be ashamed of.