USD bonds are rallying... best bet is US dollar - nothing else..
dollar is UP huge against the Pound and euro.. looks like Ms Yellen wont have to
raise rates any time soon ... worldwide slow down expected along with deflation (the
pound and euro just did)....
God rarely gets mixed up with gamblers ...
however.. look at the whole picture... Gold was at 1300 ish just last
week... and now that Brexit is here.. it is still at 1300... non -event
market will read that as a MAJOR top in gold.. and then it is down hill for
gold as well... my prediction - first major stop at 855
as a common stock ETF GDX will decouple from gold... Russl 2000 is down 6 % DOW is down 600
Nasdaq is down triple digits... Oil down 5 % ... and gold is yet to cross over the other side of 1299 :-((
IF (hypothetically) GDX were to go DOWN 10% every single day for 15 trading days it would
end up at around $ 7.
This means DUST would go UP 30% every single day for 15 trading days and guess what she ends
up at $ 780 per share. And that incidentally is its high set some 2 years ago....
Can she DOUBLE TOP ?? Theoretically yes because fair value of GDX IS around $ 8.00 !!
Can some one do this analysis as well and see if my numbers are anywhere near these ?
do u even know what u are talking about ??.... looks like u had too much to smoke... here read in your
own words.... will dump.. but buy .. ??
"Gold trade looks crowded. If gold jumps, especially before Brexit, I'll dump all of it. Gold could pull back a bit, which would make a great entry, as I think it'll continue to climb. "
oh.. so now you are in agreement that there is NO correlation between Gold and NUGT... u see there cant be one.. because gold is a commoditiy, and NUGT is a 3 x % move derivative of an ETF composed
of gold mining companies (bunch of common stocks).... theoretically
NUGT is of the decaying variety... all GDX is go to do is say stay around the $ 25 pivot and move up / down a few % every day... u will be amazed that under that scenario... GDX could be $ 25.xx six months down the road and NUGT will be under 30.... decay my friend
cannot be compared with the price of a commodity HENCE there cannot mathematically be ANY correlation between the two.. IF you see one in the short term ... it is MERE COINCIDENCE...
what IF Bexit doesnt happen ?? pls enlighten us with you prediction.... my prediction
is BREXIT wont happen (will squeak by)... and gold will sell off to under 900... taking
GDX with it down to under $9 and NUGT will be getting ready to reverse split 1:10
So... what you are implying is that IF Brexit fizzles and UK stays... then gold will IMPLODE
(go down).... am i understanding this right ?
u are right it had NO reason to go up $ 21 in the first place... she is headed to 850 in a few weeks
welcome to the "trolls" club....
why would one want to bet on a "guessing game".... ? weatherman in not a good example... trying to figure out the price of beef based on the stock price of Mcdonalds
would be more llike it (or vice versa)... higher beef prices for eg will adversely affect MCD stock price.. but lets say selling more hamburgers than before can offset that negative impact of higher beef price (because they will be offset by higher revenues) hence
EVEN if beef (commodity) price went up... MCD can go up as well (instead of down)..
on the other hand if beef price fell but MCD sold much less hamburgers. then despite
it being a favorable event (beef price drop), MCD stock can actually move down ...
so in a nut shell there is a small "effect component" of gold price on price of NUGT
but that can be overridden by a lot of other events.....
there is NO correlation available between price of gold and NUGT... gold can move down and NUGT
can stay where it is or even move higher.... or vice versa... gold is a commodity... NUGT is a stock