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.
I see mentally handicapped people are on the loose here at the msg boards trying to pump gold & post fear mongering, lame theories about chaos and the end of the world, etc. You people are pathetic!!
"OMG, gold soaring this morning, OMG gold going to $10000000000000----- ga-zillion --- trillion per ounce!!!!".... there, now i sound like you #$%$
watch the $USD & $GVZ - gold volatility index. Those all have higher to go & $GVZ is breaking out!! No bottom in gold based on those dependable short term indicators. Look at NUGT somewhere in 30's (under 38 at least).
I'm still waiting on NUGT entry. Waiting on $USD to finish its current advance, and waiting for $GVZ(volatility gold index) to top out, & hence another leg down in gold. I called correctly the NUGT for start to scale-in last month at 38 & also correctly on DUST at 25-28 for start to scale-in a couple weeks ago.
and Johnny, i pointed out that your post is easily perceived by anyone who reads it that you don't know what you're talking about with nat gas trading(and that's a reasonable assessment), but you want to deny it and go after me with a defensive and over sensitive mentality, which is probably why you'll never be a good trader as you don't have thick enough skin to hear blunt posts from smart people & because you get over emotional. I was only blunt to you and you couldn't handle it. Rather than learn from your posting mistakes, you'd prefer to focus on lecturing me--- too funny.
It all makes sense, a person just has to understand expectations vs market when trading: Other than day-to-day volatility for explanation of prices, it is easy to understand trends on UGAZ - Nat gas trades.
***Obviously supplies (inventory on Thursday's) affect Nat gas, but when weather is either warmer or colder compared to seasonality, then "WEATHER" dominates the trade the most, which is what is happening since October & is what happened last Winter--April (when temps were much colder than avg).... and until early November, the supplies increasing while warmer than expected weather has made it oversold, & also once Nat Gas (UGAZ) became very oversold since last week, the weather became even more dominant of a factor, and thus what you have is colder weather shaping up & demand picture looking bigger for traders, so that is why it has been predictable in my view to buy UGAZ on very oversold conditions since early November (12's, etc.) & it is why people are scratching their heads about UGAZ advance despite recent supply increases. It is about expectations compared to current trading when anticipating a trend (trade) in advance, & knowing how the supplies/demand affect these expectations in relevance to weather expectations that matters with nat gas.
you whine like a baby Johnny! I was helping you out with info ---FYI. ...Sorry for the seemingly arrogant manner that I did it, but seriously, look at your original post above as I could not resist! You wrote with a guessing type of prospect in your post & & you clearly did not appear to know much about Nat Gas trading based on your post. A person that knows this trade does now say "I'd think" or "trick" when referring to what affects this trade. you lacked certainly in your post which appeared to make you look ignorant on the subject. Your post begged for a little sarcasm with an answer. Maybe you don't agree with me or like it, but I'm right about your post.
My posting history & trades have been very accurate, especially on UGAZ/DGAZ. (mt history is proof). I suggest you simply learn from this, suck it up.
My UGAZ advice over the last 11+ days has been spot on. anyone following me got in at average way under 13 & so far ti is advancing toward my speculated area of 16-17 minmimum. I said buy approx the day last week it bottomed under 12 with scale-in strategy. i also said buy UGAZ in early August under 14... and in April I said buy DGAZ &12 or less approx & that DGAZ would bottom in April prior to most of the summer.
Watch the $USD & the Gold Volatility index ($GVZ). Only buy the gold miners (NUGT/GDX) when the Gold volatility index has become overbought. Currently, as I've been posting in recent past, $GVZ index is oversold & due to rally back into mid-upper 20's. After the dollar advances another 1-2% & Gold volatility index goes much higher, then start a scale-in strategy of NUGT/GDX.
FYI--- my track record on NUGT, DUST, UGAZ, DGAZ, DWTI, UWTI is exemplary (see my msg posting history)
I never used the words "straight up". I said a short term reversal trend back toward 16-17 as the weather gets colder (see my prior posts for over 11 days now).
I've been right on UGAZ so far on when to enter & usage of strategy.... Anyone followed my trade on UGAZ is up huge right now(having entered 11-13). And that 'decay' means little to nothing in short term of a few weeks and is a term only amateur traders continue to obsess about here on message boards. Decay is a real problem with 3x funds longer term, but not if you are playing swings for trades only a couple weeks. forger decay and focus on Nat Gas prices & UNG, then plot your strategy for buy/sell on UGAZ.
**I was also right in early August about UGAZ to buy for short term trade under 14, & I was also right about buying DGAZ under 14 back in April 2013 (And said it would bottom approx April for the summer). My msg history proves my track record.
---FYI, UGAZ breaking out this morning to a new short term high 14.20+ since my call to buy over a week ago. If this gets to 16+ minimally, I'll be right 100% again on buy & sell.
It is all about the weather right now for nat gas, as any common trader that knows anything would tell you the last few weeks. And if you aren't aware of the affects on the nat gas trade, then you should not be trading UGAZ or UNG.
Bottom line--- If we get a colder streak(which is likely), UGAZ is going to my minimum expectation of 16's.
CERP dropping as I'm hoping under .013.... I correctly called CERP in early August & late Sept this year for nice quick trades. I think perhaps in next week or so it will form another bottom which should be bought (for short term trade).
As an alternative, look to CERP. I like to swing CERP once in a while & am looking at CERP on a current developing dip. And at least CERP has some really big news hype for potential catalysts going forward, which can really move up the price every few weeks. I correctly called CERP in early August & late Sept this year for nice quick trades. I think perhaps in next week or so it will form another bottom which should be bought (for short term trade).
My main concern is with a pending rev split that they seemed to have authorized over the summer. Otherwise ECOB has been good for occasional good swing trades.
I agree that ECOB is only a short term trader's stock & has great swings for profit ability, as I've visited this stock before earlier this year & look back at is now and then. Right now I'm questioning if near .007 is approx a spot to start buying for a short term trade reversal. i'm not at all suggesting this thing is long term good(just to be clear for those of you nimrods who like to spin people's posts). All my posts are regarding Short term of a few weeks, etc. Even junk like ECOB have their good trading possibilities, & the bashers must acknowledge that if they're at all objective with their criticism.
I'll be interested in trading it again. News (catalysts hype for stock price) certainly looks good going forward for short term trading and buying on sell offs.
I said over a week ago to sell BRD in .70's.... And all summer was right to wait for big drops typically in the .40's. Although I believe also that BRD fundamentals are among the best among all miners, I still only swing trade it & only buy after big sell offs. I'd wait for that to possibly happen yet. Good luck to all.
As i posted early this morning here & at UGAZ (approx 10:30am Eastern time), I chose to sell all out of UGAZ temporarily(from low 12's entry to 13.99-14.00 this morning during supply report)... My intention has been to accumulate UGAZ at lows since Monday & ride up a short term trend toward end of November as likely, toward 16-17+, but based upon the intra-day action I saw following the Nat Gas supply report, I chose my contingency of a 11+% profit (in less than 3 days) on what i won so far of UGAZ and thus I sold. But my intention is to possibly re-enter in near future as I think UGAZ trend will be higher in a a couple weeks or so.
*** For quick swing trades, I'm also looking at SVM (2.70's or less)... & NUGT if it sells off hard again toward 30's... But not long them yet. May buy them in a few days if I like what I see.
At the moment, I'm still believing the DUST trend is still intact for at least another week (which I told people to start buying 25-28 last week). I made 26% on DUST a few days ago on that trade by selling near 33-34(scaled-out). But although I played it safe & sold, I still think DUST has a little more upside. Then I'll look at NUGT for next swing along with SVM, maybe BRD if it pulls back a lot again (I rec'd BRD all summer in .40's & recently said sell BRD in .70's)
~~All this is proved in my msg history. Any #$%$ who challenges what I said above is a liar--- FYI.
I'm not buying any SVM yet today, despite i think it is pretty low here. Want to see action a little bit longer yet. I think possible for 2.50's, but 2.70's might be good spot to start scaling in. When it reverses later, should see a typical 20+% or more from bottom in the least (toward 3.15-3.50). Mark my words and this post (as I'm usually right on SVM)