Great, CERP sold off!! After this sell off reaction post earnings gets priced in in coming days, then I'b be a buyer. I've been posting about this & waiting--- and I've been correct!! I should be getting thumbs up because anyone who followed me has not lost $$ & had been correctly waiting.
You can feel free to sit on your hands---- while my call on UGAZ is up approx 15-20% thus far for those who followed me & it is reacting along the lines I anticipated since early November based on anticipated volatility & forming upward trend for short term yet.... and to add I gave my reasons & they are coming true for the UGAZ trade. The inventory reports are in a transition phase. You either see it or you don't... Those of us who do are making good $$ on it, and periodically do every 2-3 times per year.
It is anyone's guess where this bottoms, as BIOD is now in 2.20's. With that said, it still is long over due for a nice rally. But thus far any prediction lately of upside has been null.
I made only one point related to your very clear words, which said that Taper does not matter,,, But in terms of the trade & how gold reacts, the 'taper' does matter. When YOU state it does not make a difference, then I am simply saying that is ignorant. If you are also saying that a ratcheting down of taper or now over the long term is small compared to all the stimulus, then yes I'd agree that it does mot matter in that regard to the grand scheme of society & economics, but in terms of making trades & day trades, knowing how the market reacts to the taper is something that does make a difference. Disregarding taper with an arrogant presumptive attitude is ignorance regarding the gold related trades.
I've said ever since Nov 4, etc (when it bottomed), that UGAZ could have some negative volatility on the eventual way back up to 16+, & that those such as me who sold toward 14 area, that a good spot to re-enter would possibly be on a dip a couple days later. The positive Nat Gas reaction to the inventory report this morning suggests this is likely true, a trend high could be evolving in short term yet.
You called him wrong?? But you aren't? you've been a holding fool of DROP garbage. Back in October for example, I said this is a garbage and not to touch it. That allowing has shown over -50% drop since then. Anyone hold DROP for months and longer has been a fool, and even more foolish if you are a holder telling others they're wrong for not being long with you!!
no major pre-earnings pump so far! If CERP sells off more after Earnings, then i'd be looking to accumulate (for short term trade).
I think we see some temporary upward movement in Gold & NUGT surrounding Yellen confirmation Thursday, but my indicators are showing a leg down in gold will likely happen soon afterwards. Then I'll be more short term bullish on buying NUGT for a multi-week swing trade again.
i have been saying buy MSTX in low .40's ever since early summer & recently say again it is time to buy MSTX on developing weakness. Funny how it sells off on great orphan drug designation news today. I'd be buying some about now.
I've been so very right on DROP. Too bad you didn't listen to me.
and my posting history speaks for itself in terms of good results and advice!! LOL
New low recently!! I said it 2 months ago in October & DROP has dropped over -50% already!!! ...and since then there has been little to trade here even in short term... DROP is a garbage stock any way you cut it. all you bulls on this board are sad people who don't want to face reality. You keep averaging down on a penny stock loser. Even to me as a short term swing trader, DROP has been awful for even swing trades for at least 8 months. you people need to get a clue. There are 10,000 stocks to choose from, you should realize how irrational you are being here if you are accumulating it on new lows all the time. You can't average your way out of this garbage... I know what I'm talking about!! It will probably do a rev split in a year or less, then you'll really be screwed.
Everything I say here is REASONABLE advice... and as you can see by past posts I've been right big time so far. Anyone who trashes me for this post is a fool who can;t handle facts & truths!!
Sentiment: Strong Sell
One more thing... if you think the dollar will crash as much as you fear, then why buy GDX if it is priced into Dollars??? Think about that one you silly fool. That is a huge con against a $USD denominated asset. Even if Miners do hold up in price in next 1-2 years, they'll lose a lot in $USD terms, too, so the prospectus you propose sounds the type that comes from a true amateur!
But I guarantee you yet we see wild swings yet in gold & miners and probably a lot of pain yet, so to lose on GDX or gold which are priced into dollars at the same time is what you are proposing, sure sounds like a very risky idea!! i think you should just go to the Casino & strip club & get it over with. At least you will have had more fun losing your $$$.
...and you would think gold bullish fools would come up with new material, too!!!! LOL you hypcorite!!!
don't presume too much buddy!! You gold bulls are also broken record saying same stuff all the time - FACT!!
you gold bulls have been chanting same stupidity ever since 2011 peak, and gold keeps trending down.
FYI--- I'm cautious on gold am not a big time bear or a bull.... But I have the reasonable sense to not presume anything certainly yet. I trade the short term swings on NUGT/DUST every couple weeks, that's best strategy which has been making huge $$$$, rather than compared to you bulls and your losing strategy so far!!
...All you gold bulls who act like you think you're so smart & everyone else is so dumb make me laugh.
In 1-2 years, gold & miners could easily have huge swings, especially lower trending (even if in 2 years gold would go to $2000/oz.). Your advice to buy them now is not safe advice & is a very stupid presumption to make.
By-the-way, I think if gold does turn into a bullish market again and we would go to $2,000/oz, it won;t be for at least 3-5 years. and before ti does, we will probably see 1,000/oz gold, possibly 800-900/oz before it turns bullish again. Anyone who presumes to own gold & GDX miners here and thinks it is 'safe' is a fool who is asking to lose their money with gambling.
Best advice is to play short term swings in gold longs & shorts (NUGT/DUST) & have a cautious attitude regarding gold/silver.
LOL, yeah, sure, there's no risk in housing or flipping them!! Pathetic post, you clown! i'm not a gold bull at the moment either, but your housing alternative is laughable.
I agree. And for a short term trade, I'll be a buyer of gold & NUGT after the $GVZ(gold volatility index) has peaked & after the current advance of the dollar in short term is done (which means 5%+ or more from its last major low in October on $USD). also, $GVZ is now breaking out just hitting 20+. Gold is always best buy when $GVZ goes to at least 25 (25-30 area). I also expect $USD to go up at least another 1% from here, likely 1-2% higher yet beyond today, then will all those phases complete, gold should be better buy and be done selling off in short term, at least that is what is dependable most of the time for indicators.
**If $USD dollar has more to climb, & if $GVZ has much more yet on a break out higher, that means another leg down for gold is due! If we get any upside from current $1267 area on gold, then it will just be short lived volatility or a pause amidst more selling soon to come. Just follow the $GVZ & $USD charts history for comparison... you will see what I mean. gold bugs, be careful!! Gold probably not done going down in the short term.