Hey smarty pants! Where were you when NUGT was at 24-25-26?? Sleeping?? You should've been buying there. Then you'd have nice avg down (like i did) in upper 20's. I also sold some NUGT today, too.
Switched out of UGAZ recently... Now i'm starting to scale into DGAZ.
I'm predicting/speculating for short term eventually to 13+ by January time frame for DGAZ. Maybe 14, but I see minimal likelihood of reversion toward 13+. Nat gas will almost certainly pullback to 3.95-4.00 area, maybe 3.8-3.90. Beyond these numbers I'm not basing a trade, but possible to do more on pullback, especially if winter warms up as it could in coming weeks.
Basically I today started scaling in at lower 9's, and if it drops possibly to 7-8, then I will add a ton more. Anyone who has an average under 10 should make a good trade. Keep this in mind as we have the Thursday inventory report hurdle in front if us--- that if it drops on that, look to accumulate on post reaction weakness.
As noted earlier, i started a position in low 9's today. Beginning scale in phase for DGAZ. It could hit 7-8 maybe, but will be ready to load up there. We'll see 13+ on DGAZ by January (or sooner)for short term trade; which is simply based on a typical bounce back reversion toward 20 day avg area (even if we're in a nat gas bull market, this reversion is likely to happen short term) Mark my words.
I don't worry much about 3x leverage issues. It gets lost in the shuffle in short term. I got in UGAZ last month near 12, scaled out 16-17-19, made a killing on it despite 3x related decays issues, etc. As long as you plot a proper scale in strategy at extreme oversold conditions & plan for the multi day or multi week swing trade, the moves will far outweigh any issues people complain about with 3x funds (by staying in short term swings). Just focus on the trade & proper scale in with patience, and don't let emotion affect your objectivity.
Yep, but too bad RBY still at lows hovering .77 area. I think if you like risk, you should be taking advantage of .77 for start of entry. Eventually RBY will have a major bounce back toward 1's again. I've been watching RBY for a while, now becoming interested.
The overall tend in relationship to 5 yr avg for inventories is something to respect, however that does not mean nat gas can't pull back in interim short term. DGAZ might not yet be bottomed(but too risky not to start position today), but also see a reversion back to 13+ regardless of overall inventories, etc. Nat gas had a swift move up in short time since November & has the cold weather recently & these inventories priced in mostly at this point. I started to buy at lows today. Will add more if it drops to 7-8, etc. Relatively oversold DGAZ is compared to upside here. I see reversion to 13+ by January. Mark my words. Anyone who has an avg under 10 will get paid well later.
I took a position starting in lower 9's on DGAZ. i'm prepared in case it drops to 7-8 yet, which a possibility. But certain we see 13+ by January. If lucky enough to get it cheaper yet, I'll buy more DGAZ. Maybe some more weakness on Thursday after inventory report, & will add more then. with a week or so, I bet we start to see nat gas pull back.
My NUGT & SVM made me some $$$ today. Took some profits, but not all yet.
I'm debating adding some DGAZ for first time scale-in @ 9.30 area or less. I think the recent storm, weather, etc, is getting priced into expectations, which includes the inventory report, which traders expects to have another draw down. Nat Gas up from 3.30's to nearly 4.30 in 4-5 weeks is too fast of a move. Due for a pullback. Like I said earlier, DGAZ will likely return to 13+ minimally for short term trade bounce regardless of when exact bottom is soon. DGAZ has risk to 7-8 in my opinion, but is getting cheap here.
wow!! what are you going to say next, I wonder??? Next, gold will disappear from the Earth perhaps & people will put back into the ground? Maybe gold will be worth less than your nasty hairy scrotum?? Your posts are excessive, really!! LOL
That's what all you naysayers always say. I make good trades, but I never get any credit. you all don't know anything, so who cares what you say. I'm up nicely on NUGT. Told you all a while back I'd make money on it. same as SVM other miners.
I see it is in low 9's now. i'm tempted to start buying some DGAZ. I still haven't yet. I think regardless of where the bottom is, DGAZ will return to 13+ at a minimum in short term once it rebounds. So any buying near 10 or under should pay off handsomely by January. (All my comments are short term based--- FYI)
As of pre-market of 12/10, i'm still on sidelines. I haven't grabbed any DGAZ yet. I see it is in low 9's. ...I suspect near future this thing needs to short term bottom. Nat Gas has gotten out of control too quickly.
you are using a technicality to attack the above poster improperly. What govt department exactly prints an actual dollar is besides the point. It is general speak when referring to money printing. The point is devaluing the US Dollar.
Yep!! If his physical metal goes up 10%, the junior miners for example will go up at least 3 times that
That is a person "with no life"...LOL. There are plenty of those 24/7/365 posters that are incessantly obessed with msg boards. It is sad.
You haven't noticed the gold mining sector is falling as a whole?? That's predominately the reason RBY is falling. Whether it has secured financing for next year's mine expansion is irrelevant at this point. It is all about gold currently. A lot of gold miners-explorers are in similar position as RBY regarding worries about $$$, etc, or future expansions, costs, and so on. This thing will stabilize at some point & then rebound in short term for a trade based upon gold (unless a surprise news event hits RBY such as financing this early on). i'm not quite yet long, but I'm looking soon at picking up some shares. Bottom not exactly known if it is .83 today. Maybe risk to .60-.70 area, but mark my words, when it rebounds with other miners, it will go back to 1.10+ for short term trade.
you seem to be having a different conversation than me. I'm not going to on a daily basis waste my time on your vitriol, especially your prior post calling me a coward. You don't make any sense.