"buy when there is fear... remember ?"
"nothing goes up forever (NUGT ?) or go down forever (DUST)"
"sell when every one is greedy (NUGT ?) .... or buy when no one wants it (DUST?)"
makes sense ?
I think u have got it all upside down yeah ?
"NOTHING GOES UP FORE-EVER"... jrc this thing is UP 700 % in 4 months.. and u
are soooo right.... NOTHING goes up forever... so shouldn't this thing go down now ?
a direxion 3x etf ?? you don't "keep on buying" stuff like this unless it is at the bottom... do u realize it has rallied 700% in the past 4 months ?? on no solid
fundamental news ??... buying anything when it is UP 700% in 4 months is
an act of self destruction... u should be "selling" this thing since there is no
fear and every one is buying (based on ur philosophy)....
yes.. and trend towards staying in couch more than driving.. buying stuff on the net rather than from the malls... ordering dinner on the phone rather than driving to a restaurant .. and on and on.... too much oil out there..
beerbuddy... GDX (the "anti parent" of DUST) had NO reason to go up 100+% in 4 months
actually.. the fundamentals point to gold under 700 by year end... which would essentially
put all mining companies in serious trouble - because currently it costs them $1200 ish
per ounce to produce (some have it around 990)... but under 1,000 ALL MINERS will be
losing big times... imagine what that will do to GDX ... she will go under $ 5.... which would
essentially put DUST at around $ 30 in todays price (or $ 300 post split of May 18)...
GDX is a suckers rally in a bear sector... I would not worry at all with DUST at $1.50 ...
take it easy ... live well.... u only live once...
deflation ?? guy that is POISON for gold... gold thrives only in INFLATIONARY environment
she was under 1200 just a few weeks ago and will again be under 1200
soon... at which time miners start to lose money ... I predict we see massive
BK filings from the miners coming
In early February 2014, the World Gold Council noted that the average industry cost of production is $1,200/ounce, with 30% of the industry becoming unprofitable if the gold price drops below that level (Rudarakanchana, 2014).Jun 28, 2014
so if NUGT is dependent on gold price.. why did it decline 99% while gold
was almost unchanged for a year in 2014-15 ?? I thought NUGT is dependent on GDX - not gold.... am I missing ?
DWTI went from 60 to 500 and is now back down to $ 90 .. within 4 months... no splits needed..
NUGT will be under 10 without any splits within 4 months..
So.. starting point GDX at $ 25.50 NUGT at $ 115
Day 1 GDX goes down 10% to $ 23.00 NUGT down 30% to $ 80
Day 2 GDX goes up 11% to $ 25.50 NUGT UP 33% to $ 105
Day 3 GDX down 10 % to $ 23 NUGT down 30% to $ 69
Day 4 GDX up 10 % to $ 25.50 NUGT up 30% to $ 90
ouch... GDX stays at 25.50 at the end of 4 days... NUGT down $ 25 to $ 90
a few days of back and forth by GDX .... and we see NUGT at ??
very STRONG resistance at 27.17..... she plays around there for while if at all.. fails to pierce and makes a new all time low by year end or by 1q 2017... too much bearish and bullish sentiment on this sector.. implies the fizz goes out.. the volatility dies down and heads get a time to cool off... 10%
rally from here MAX...