Official Short-term Investments Thread

[Rat Fink]

.

[Dinan]

SR, still holding silver short....

[SilverRex]

yup my stop is above 15.20

also still holding my hod.to, if oil makes it back above 72-72.50 then it would be short term bullish again, I'll use that as my stop until then I'm holding it as long as I could until it heads lower into the 67s then I will attampt to sell half and anticipate a break down.

[Sugarphreak]

....

[civic_rida]

So what was everyones profit for the month of August?
I made a 5% return on my investment.

[Dinan]

Originally posted by SilverRex
yup my stop is above 15.20

also still holding my hod.to, if oil makes it back above 72-72.50 then it would be short term bullish again, I'll use that as my stop until then I'm holding it as long as I could until it heads lower into the 67s then I will attampt to sell half and anticipate a break down.

what about NG/HNU :guns: :facepalm:

[bg_27]

^

Originally posted by SilverRex
yeah not looking good for NG at the moment, but then again I only have a very small unit will see what happens. NG is quite oversold, I am expecting one more rally especially we are heading into september which typically is a good month for NG.

for those who are heavy in NG, may consider selling out half your position. it would be better to hold oil short then it is NG.

[DRKM]

Originally posted by civic_rida
So what was everyones profit for the month of August?
I made a 5% return on my investment.

August was absolute shit, made 900 all month. Could not get into the market at all.

[SilverRex]

ok yesterday the dollar did not give us the break out we need and so I expected a pull back, but the pull back was sharp and tested our support to the max. and because of it, oil was unable to break lower, although right now technically oil is very bearish, looking at the chart this morning, either oil's correction is finished and we will begin headed south towards 67 but if the dollar drops a bit, then oil may be incline to retest the broken up trend line near 71.5, I will only be concern with oil if it takes above 72. and even more critical above 73.20, however we wont see new highs unless oil can take out 75. until then short term I Expect oil to soon hit more weakness once the dollar breaks out to the top side.

http://i278.photobucket.com/albums/kk118/genmaster/oil090109.jpg

looking at the dollar index, it couldnt break out yesterday but the retracement was sharp and tested our main support trend line again, notice it is running out of room in both direction. I believe we will get a break out this week and soon we will know which way the dollar is headed. my expecation is obviously up based on my EW count. but until it does break out, we cannot confirm.

http://i278.photobucket.com/albums/kk118/genmaster/dollar090109.jpg


and euro looks like a similar story, the red demand trend line is very critical, breaking this is key to dollar's rise, notice euro tried to break out eariler overnight, but was unsucessful, if this false breakout to the top side comes on the heel of breaking below the larger up trend line, this could be powerful. my expecation is a breakdown is near.

http://i278.photobucket.com/albums/kk118/genmaster/euro090109.jpg

and finally gold, last week was all about swing trades. until we get a direction or a trend forming with the dollar, gold will continue to struggle amid headed slowly higher over time, breaking below 946 appears to be just as critical, either gold's ABC correction in blue is finished and we could see a sudden collasp today or if it is incomplete then I expect gold to make it between 955-957 to complete a smaller correction, then drop.

of course this is based on the assumption the dollar is on the verge of a break out. all bets are off if the dollar breaks down such that oil, and gold may advance beyond expecation. but ultimately I need not revise my bearish outlook this fall for gold unless it can break away above 971. until then look for short opportunity with tight stops.

http://i278.photobucket.com/albums/kk118/genmaster/gold090109.jpg

[DRKM]

Oil is indecisive this morning. Cant wait for volume to pick up this month.

[tylere]

Anyone who sold their HOD yesterday buying back in?

[Vanish3d]

Originally posted by civic_rida
So what was everyones profit for the month of August?
I made a 5% return on my investment.

Profit???
i wish :banghead:

[Dinan]

come on NG, you can doo it!

[davidI]

Haha, UTS is coming back down. Guess I should have taken my profit. Oh well, hopefully it settles above my break even!

[Vanish3d]

ya NG is putting up a fight at these levels.... Hopefully it can start an uptreand, or at least a one day bounce.

[Dinan]

Originally posted by Vanish3d
ya NG is putting up a fight at these levels.... Hopefully it can start an uptreand, or at least a one day bounce.

lets not jinks it now:nut: :rofl:

[Vanish3d]

^ sorry dinan, i think i might have just done that....

[Dinan]

Originally posted by Vanish3d
^ sorry dinan, i think i might have just done that....

:guns: :whipped: :guns:

[997TT]

oil getting fkn crushed.

in HOD at 11.40 this morning

tank baby tank.

[SilverRex]

about time, being waiting for this break down technically for days

[SilverRex]

euro broke down a very critical trendline

that means dollar is also breaking up, dont underestimate this breakout

[997TT]

HND just popped 0.5
frmo 20.6 to 21.09

wow...how low can HNU get?

under $2?

[Red@8]

I wanted to get back into HOD but my order didnt get filled. Ugghhh, may have to up my bid here.

[Dinan]

fucking NG!!!!:banghead:

[Rat Fink]

.

[997TT]

Bam ... $12.15 HOD

[Red@8]

Looks like I had perfect timing for HOD. Upped my bid and got in well under $12.

Edit: Just got stopped out. I'll happily take that flip!

[SilverRex]

ok given hod huge resistance near 12.50

which is also around 67-67.50 oil

this is the magic number oil needs to break down below, if and when it does

the sky is the limit because hod will have nothing holding it back until 14-16

I would suggest to hold oil until 67 area, then sell half in anticipation of a break down for further gains.

mind you you can take a chance and sell and buy back

but something tells me the break down for euro and up for dollar is more than just a intraday swing move.

have fun.

[Z_Fan]

LOL I went out this AM so sold my HND and $20.10 fuck me.

Then it tanked to $19.4x and I missed a buy order at $19.55 fuck me again!!!

I was also looking at HOD this AM and missed that boat too. Oh well, at least I didn't lose any money! Just missed opportunity cuz I had to go out...pisser.

[DRKM]

Originally posted by SilverRex
euro broke down a very critical trendline

that means dollar is also breaking up, dont underestimate this breakout

What I am worried about is that this may turn into the last 2 falls in price. If the market can get past this antipersistent feel then I will bet on a break. But until then I would not hold onto either hou and hod. Just think about the Whipsaw we have been having...

[Rat Fink]

.

[Vanish3d]

Originally posted by Dinan
fucking NG!!!!:banghead:

im gettin out by the end of the day regardless of price, it was very stupid of me to even get in knowin there is no bottom for this POS!

i bet you if we take our money now and just dump it in HND we'd break even waaaaay sooner than leaving it i HNU

[Dinan]

Originally posted by Vanish3d


im gettin out by the end of the day regardless of price, it was very stupid of me to even get in knowin there is no bottom for this POS!

i bet you if we take our money now and just dump it in HND we'd break even waaaaay sooner than leaving it i HNU



if i would have done that a month ago, then sure, but now, not too sure now, we are really close to the winter months and this POS is about to move, shittttt.... with my luck i'll sell HNU and buy HND and NG will pop....

but i'm getting reall close taking a HUGE loss here and just moving on!:facepalm: :cry:

[Z_Fan]

Yeah FUCK HNU!

[Dinan]

Originally posted by Z_Fan
Yeah FUCK HNU!

NO, fuck natural gas!

[Dinan]

damn, silver and gold just poped!!! :eek:

[Red@8]

HOD under $12 - contemplating getting back in.

[Sugarphreak]

....

[Dinan]

Another Natural Gas Bull Sticks His Neck Out; Natgas Stock for 4th Issue

Posted by Keith Schaefer on September 1, 2009

I was focused on writing the 4th issue for subscribers, due out the second week of September, but I came across a research article I wanted to share with readers.

Martin King, an energy analyst at First Energy in Calgary is the latest to trot out the “it’s-darkest-before-the-dawn-buy-natural-gas-stocks-now” theme, in a 5 page note on August 31. I’ll tell you about his key points in a minute.

But first, I want to say this guy has a track record that I follow. Back on February 19 of this year, he put out a similar research note on natural gas stocks that was uncannily accurate. Just like now, sentiment for natural gas stocks was very low, and he stuck his neck out saying it’s time to be a contrarian and buy.

And natural gas stocks did have a strong spring - much stronger than I anticipated. Investors following Mr. King’s thesis made good money through the spring, as the Amex Natural Gas Index went from 300 to 480 over the next 3 months, and Canadian natural gas stocks bottomed within 10-14 days of his call, and had a great spring. Both the index and many stocks jumped 50% or more in the next 3 months.

So this man has my attention. I am now going to introduce a natural gas stock to subscribers in my next issue.

On the supply side, King says producer shut-ins will be huge, lowering supply. The new shale gas and unconventional plays will not make up for the natural declines in conventional North American gas production.

On the demand side, he says there is a possibility of a record natural gas withdrawal from storage this winter season. And any pick-up in industrial demand could have a dramatic impact on storage, he adds.

While he is calling for higher natural gas prices than most people for next year, he does expect gas to hit the low $1 range in Canada and low $2 range in the US before the end of October. That is the time to be buying natural gas stocks, he says.

His arguments are similar to what both Tristone Capital out of Calgary and Sanford Bernstein & Sons Co. out of New York have said recently.

After looking at the many factors surrounding natural gas, everybody is looking into their crystal ball and guessing at future prices. I will be telling subscribers in my next issue what some of my favourite natural gas stocks are in case Mr. King, Tristone and Bernstein are correct.

[997TT]

NG ...what a gong show. its like the endless pit sucking all that cash away.

[cosmok]

Looks like gold's making its correction, lets see the big drop now :clap:

[SilverRex]

http://i278.photobucket.com/albums/kk118/genmaster/oiltoday-9.jpg

do we have a break out for hod?

[SilverRex]

also NG when 3.00 did not hold it was obvious the next support is at 2.80

remember many weeks ago I said based on my own NG EW count I suggest it was headed to 2.6-2.8?

well we got that on sept's NG contract, unfortunately a week ago it rolled over and since it made another run back to 2.8 area.

will it be 2.6 or 2.8?

looking at UNG, it appears we are very very much due for a good rally

http://i278.photobucket.com/albums/kk118/genmaster/ungtoday.jpg

take it or leave it but if there is a rally I Expect NG to rally back to around 3.2-3.3 area, and if we get the typical ABC wave like we did the last two times, then it could be a shot up to 3.2 pull back then another shot up to about 3.5s that is just my opinion based on how NG is moving in the last couple of month

what warrants a mini rally? because it is very much hit the length of its projected target from the last big drop off 4.57, it is extremely oversold, there needs to be a short covering rally or pull back,

I am going to say 2.80 NG is good place for a bounce. and down side is about 2.6

[Super_Geo]

^Interesting read on NG...

Only issue is storage. As it approaches capacity it will throw all technical analysis out the window unless the producers shut in a shitload of gas wells.

If supply outstrips demand and there's nowhere to store the gas, there really is no telling how low gas will go. $2.60 might even be high... we're slightly closer to storage capacity here in Alberta and we've begun the slide to $1 gas...

To get gas prices back it'll need to be a combination of:
- Increased industrial use.
- Increased peak electrical generation demand (the baseline is mostly covered with coal plants).
- Increased consumer heating use.
- Increased consumer electrical use.
- Producers shutting in production.

Otherwise it's going to be ugly for Alberta and HNU holders out there...

[997TT]

i'm tempted to buy HNU but this scares the $hit outta me

In the bigger picture, whole medium term fall from 13.69 resumed after completing triangle consolidation from 3.155. Such decline is treated as the third leg of the long term consolidation pattern that started at 15.78 back in 2005. Hence further fall should be seen to next target of 100% projection of 15.78 to 4.593 from 13.69 at 2.50 and possibly below. Nevertheless, we're expect strong support between 1.96 (02 low) and the 2.5 projection target to finally conclude the whole decline from 13.69. On the upside, break of 4.162 resistance will now be an important signal that natural gas has finally bottomed out.

we're at $2.82.... $2.50 or lower (ie $1.96) would be bad

[Vanish3d]

^ dont buy!!!!:thumbsdow lol
seriously, why would you even bother with HNU, there are many many many other places to make money that have a much better chance

[SilverRex]

Originally posted by Super_Geo
^Interesting read on NG...

Only issue is storage. As it approaches capacity it will throw all technical analysis out the window unless the producers shut in a shitload of gas wells.

If supply outstrips demand and there's nowhere to store the gas, there really is no telling how low gas will go. $2.60 might even be high... we're slightly closer to storage capacity here in Alberta and we've begun the slide to $1 gas...

To get gas prices back it'll need to be a combination of:
- Increased industrial use.
- Increased peak electrical generation demand (the baseline is mostly covered with coal plants).
- Increased consumer heating use.
- Increased consumer electrical use.
- Producers shutting in production.

Otherwise it's going to be ugly for Alberta and HNU holders out there...

what your saying is right, and so my target for a ultimate NG bottom is about 1.9-2 dollars that is the technical projection

but technically it is due for a bounce as well.

look at oil, supply is certainly more than demand yet price doubled off the low, you can say it is a retracement, inflation what ever.

well I never suggested NG has bottomed, but we could be near A bottom

[997TT]

Originally posted by Vanish3d
^ dont buy!!!!:thumbsdow lol
seriously, why would you even bother with HNU, there are many many many other places to make money that have a much better chance

Ya i wont. just tempting .... never thought it would get this low.

[Vanish3d]

^soon a reverse split then it'll have the chance of going even lower :thumbsdow

[SilverRex]

^ diversification is the magic word for the day

just because technically it is going one way does not mean it will. had you short euro, gold and oil today for example. you would be good with euro and oil, but gold went no where really.

never put all your money in one basket

there will be days where gold/silver will move to my expecation and not the other markets.

there will be atime when NG will move as well.

[Dinan]

Hahahahah, that will be the day! :(:(

It better, I"m fuckeddd!

Originally posted by SilverRex
^ diversification is the magic word for the day

just because technically it is going one way does not mean it will. had you short euro, gold and oil today for example. you would be good with euro and oil, but gold went no where really.

never put all your money in one basket

there will be days where gold/silver will move to my expecation and not the other markets.

there will be atime when NG will move as well.

[SilverRex]

and if you guys dont have the stomach to trade NG's volatility, then may i suggest you either wait until 2 dollar NG or NG above 4.32 to begin a longer term approach.

I've alredy warn a month ago to stay away from NG and if you must play, short it and the target I projected was below 3 dollars.

I do feel sorry for some of you :facepalm:

[rex2009]

tck is now 25.70. good to get back on?

[997TT]

Originally posted by rex2009
tck is now 25.70. good to get back on?

I just bought some at 25.67. wish i picked some up 30 cents cheaper but i wanted to see it stablize.

I sold the shares i bought yesterday today at $26.75

thing with TCK is doesn't have the upward momentum as it did a few weeks ago. Anything north of a 0.50 gain and i'm taking it.
As over the past while TCK may open up but quickly falls into the red.

If you long, i might wait for a better price.

[SilverRex]

very good volume for hod in the last few session, this should set up oil to further collasp even if oil is to suddenly retrace. I expect it is only a matter of time until oil breaks down further. feeling very comfortable in calling 75 oil as our top

[rc2002]

Here's an interesting article for those of you buying or holding HNU/HND and HOU/HOD. An ETF buying up more than 30% of the outstanding natural gas contracts is ludicrous.

The article is about the US, but there similar regulations could be adopted in Canada.

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/energy-market-probe-puts-etfs-in-limbo/article1265846/


.With U.S. regulators desperate to rein in speculation on the commodities markets, exchange-traded funds that specialize in oil and natural gas are on a multibillion-dollar collision course with authorities who could change the way investors make money from them.

U.S. government officials are on the verge of regulating the way ETFs can accumulate the physical resources needed to create their products, and the industry's largest players have stopped issuing new shares until the new rules are laid out.

“What you're seeing is the average investor potentially being penalized for trying to invest in commodities for diversification reasons or as a hedge against inflation,” said Adam Felesky, chief executive officer of Toronto-based Horizons BetaPro.

“The big players – pension funds and the like – have a far greater effect than any ETF could ever have on prices,” he added.

ETFs, which trade on stock exchanges, own the assets in their funds – giving investors a way to directly invest in a commodity or index.

The funds have become popular in the last five years as a low-cost way to diversify a portfolio, and regulators have long voiced suspicion that as the funds gather the resources they need to issue new shares, they are distorting the actual market for the underlying commodity.

“This is not to portray all ETFs in a bad light, but the commodity ETFs generally use the futures markets, which requires them to constantly roll over their positions,” said Stephen Foerster, professor of finance at Western's Ivey School of Business. “The United States Natural Gas ETF is so large that it needs to go beyond futures contracts and enter into swaps, which is a much less transparent market.”

U.S. Natural Gas finds itself at the centre of the controversy after the ETF, driven by demand from investors, bought more than 30 per cent of the outstanding gas futures contracts in the U.S. The fund, which was worth about $4.5-billion (U.S.) in July, up from $727-million only three months earlier, said last week it would temporarily stop issuing new shares until guidelines are clarified.

While the Commodities Futures Trading Commission (CFTC) – which can regulate trade on the Chicago Mercantile Exchange and IntercontinentalExchange Inc. but has no jurisdiction on overseas holdings – hasn't indicated what it may do to drive speculators out of the market, it's expected to impose restrictions on how much of a given commodity a fund could hold.

Any restrictions would be a heavy blow, as funds issue new shares to grow and those shares require the purchase of the underlying commodities.

A move could also drive the funds out of the well-regulated U.S. market to countries with looser rules, which could introduce a whole new level of unintended volatility. The CFTC has already reached out to London, said Morningstar ETF analyst Bradley Kay, because its commodity exchange would be a likely refuge for fund managers looking for options.

“Ultimately, these funds may have to resort to overseas markets ... that expose the funds to higher risk,” Mr. Kay said. “That doesn't ultimately get you any further on your goal of controlling speculation.”

Following U.S. Natural Gas's decision to suspend issuing new shares, Barclays Global Investors stopped issuing new shares for its iShares S&P GSCI commodity indexed trust fund, also citing the regulatory uncertainty.

“We've taken this temporary step to protect existing investors from being adversely affected by market reaction to proposed new regulations of commodity futures that have created uncertainty,” said Michael Latham, co-chief executive at BGI, in a press release.

Mr. Felesky said his company doesn't plan to follow suit, nor does Claymore Investments, which also has a natural gas ETF. When a fund stops issuing shares, new investors pay a premium for ownership, which takes away from the appeal of ETFs as low-cost entry-points for individuals.

While neither would speculate on the effect of any regulatory changes on their funds, both played down the effect of ETFs on the broader market.

“If anything, these funds have broadened investors' ability to gain access to a market,” said Som Seif, Claymore's president. “Maybe if you look at some of the larger funds, there may be a little impact – but that's just another part of an active market.”

[Dinan]

whats with the high volume on HNU? are ppl shorting it? who would at this price anyways, or selling?? or even buying???

it's been doing 36+ mill these past days......

[sputnik]

Originally posted by Dinan
whats with the high volume on HNU? are ppl shorting it? who would at this price anyways, or selling?? or even buying???

it's been doing 36+ mill these past days......

The volume is deceptive because Horizon is always on the other side of every trade.

So if everyone is selling, Horizon is buying.

I don't think anyone would short HNU since HND is available.

[Dinan]

Would it be better to short hnu then buy hnd? With the huge contango and clear downtrend and cheaper then hnd, shorting hnu seems better then buying hnd, no?

So wouldn't that go for hod too? Or any etf, and the volume is always high on hnu, even when it was in the 6's

[troyl]

Originally posted by sputnik


The volume is deceptive because Horizon is always on the other side of every trade.

So if everyone is selling, Horizon is buying.

I don't think anyone would short HNU since HND is available.

From July 31-Aug 15 HNU had the highest number of shares sold short on the tsx, at around 22 million.

http://www.tmx.com/en/pdf/short_positions/Aug15-2009.pdf

[yoda124]

[QUOTE]Originally posted by Dinan
[B]whats with the high volume on HNU? are ppl shorting it? who would at this price anyways, or selling?? or even buying???

BUMP

[troyl]

Originally posted by sputnik


The volume is deceptive because Horizon is always on the other side of every trade.


Not sure if i agree with this statement. Say I want to buy 1000 HNU at $2 and you sell 1000 HNU at $2. Shares change hands between us not Horizon and volume would go up by 1000.

[KappaSigma]

Rumours of big "VMS" news in the next month or so. Heard from a friend of a friend. Take it for what its worth just a rumour.

Just a heads up for any risky penny players!

[SilverRex]

ok yesterday was expecting either oil to resume decline or to retest the broken uptrend line near 71.50, we got our wish and price since made a lower low. unfortunately it was held up by the bottom of trend channel which is at 68.

with the breakout of the US dollar, I am not calling 75 a top unless price can retake above 72.50, other wise I would look for places to go short. if price like yesterday makes a bit of a rally, a good place to short would be near 69.50 follow by 71.50 once again. but I feel a break below 68 is near, since both USO and HOD has already broke down and up respectively, if you had follow my short when price hit 73.50, then now you will have some buffer to work with. you can either sell half of your position to anticipate a break down for further gains. or you exit now if you feel oil at 68 will hold. your call.

http://i278.photobucket.com/albums/kk118/genmaster/oil090209.jpg

the dollar was being forced into a corner in both direction in the last few days, and I suggested a beak out on one of the side will no doubt set the tone, I expected it to break upwards and we got that, this also caused euro to break down from its own up trend line which in my opionion is a significant first move for dollar strength this fall. if all things play nicely I expect a bit of a pull back for the dollar which it is happily doing right at this moment, then make another run, I do not expect it to crack 79.30s on 1st attampt so this would be a key resistance area holding the dollar in check.

http://i278.photobucket.com/albums/kk118/genmaster/dollar090209.jpg

and for gold, not going to say too much the break out on the dollar only pushed gold down about 7 dollars, then price quickly regain where it left off, gold still needs its own technical break down below 947 until then, buying pressure on both front will be there. I expect 957 continues to provide resisitance if failed next level of resistance will come in near 961-965.

I would say 965 is now our critical make or break for gold's bearish view and above 971 will open 991. if gold is to remain extremely bearish for the coming months. price imo should not break above 965. Given gold's safe haven nature, it may or may not place inverse against the US dollar, while my view is still bearish, if gold does break down I would consider not shorting anything below 900 and focus more on other currencies such as the loonie or euro. gold will be very volatile and could swing 50-100 dollars in both direction, making trading extremely difficult once fear sets in.

while nothing exiting happen in gold's chart I will post silver instead, silver is the only pair I am surprise that it refused to collasp. while I did expect silver to drop then make a higher high, I did not expect it to hold up so well. so something has to give, other silver is setting it self up for a very sharp fall or it wants to break out to the top side. the daily chart suggest there is a very ciritical trend line coming down to about 15.19 which is also a previous top. I will remain bearish on silver unless this level is taking out. and silver needs to break down below 14.70 to accelerate further selling pressure.

edit: just spotted a rising wedge on silver. while the breakout is quite intimidating, but none the less we could be in for a drop off here pretty soon. now revise the break down below 14.80 in stead of 14.70 for good measure

http://i278.photobucket.com/albums/kk118/genmaster/silvertoday-3.jpg

[Dinan]

damn NG really wants to take ppl's money ehh,, oct contract is up like 1 cent and november is up 4 cents... lol :banghead:

[SilverRex]

oil inventory today?

oil broke the 68 trend line after briefly touched 67.2, it is back near 68 testing the break out.

I've already convert one of my hod position into hnu yesterday, so with one position remaining I will hold it in anticipation it can break down to about 65.

[Super_Geo]

API says oil reserves dropped... Guess we'll have to wait and see what the EIA says.

[cosmok]

API said inventories were down 3.19 million barrels

[Super_Geo]

Out of HOD at 12.52... going to wait it out. I remember reading somewhere that the EIA agrees with API nearly 3/4 of the time.

Not a bad take on HOD though, thanks SR :)

[997TT]

Originally posted by cosmok
API said inventories were down 3.19 million barrels

cmon oil ... massive draw. Need a bump to drive up the positionsin equities i took yesterday.

fkn OSK, gold up pretty good and its up 1%. should've just bought HGU

[Dinan]

Originally posted by SilverRex
oil inventory today?

oil broke the 68 trend line after briefly touched 67.2, it is back near 68 testing the break out.

I've already convert one of my hod position into hnu yesterday, so with one position remaining I will hold it in anticipation it can break down to about 65.

hnu?? or u mean hou ?? lol

you adding more into your hnu?

[Pacman]

My timing is brutal.

I sold my AIG November $30 Puts yesterday for $5.80 and this morning they are at $7.30

I hate leaving money on the table

[SilverRex]

NG on the move, lets hope this is the bounce im after

[Dinan]

Originally posted by SilverRex
NG on the move, lets hope this is the bounce im after


how high you think this bounce will go?? 3.20NG ?? isn't that around where you bought HNU ?? or did you buy more?

[SilverRex]

^
I have my eyes set at 3.2 and 3.5



DOW 9221 critical support. look for it to hold if price hits

but in the mean time, hopefully this will pull gold and oil down further.

gold running out of gas, touched 967 a critical resistance. while I Expected 965 to hold, anyways a good swing point high shorting opportunity

[Dinan]

Originally posted by SilverRex
^
I have my eyes set at 3.2 and 3.5



DOW 9221 critical support. look for it to hold if price hits

but in the mean time, hopefully this will pull gold and oil down further.

gold running out of gas, touched 967 a critical resistance. while I Expected 965 to hold, anyways a good swing point high shorting opportunity

did you buy HNU at around 3.20 ??? so thats the top and you think will start heading back down to 2.5 ???


want to figure out what to do here....

[SilverRex]

3.20 is a support turned into resistance. hence it will be the 1st place I think price will get rejected if a rally is to be had.

I have a position below that and another one near 2.81 so I will see what happens.

[997TT]

order just filled at $8 for HOU

c'mon inventory reports ... how about a nice intraday pop

shit load of shares so tight stop at $7.90.

[KRZY403]

in hou as well

[Dinan]

thanks SR, i'll take some positions out of HNu at 3.2, not sure if i should buy few more shares now and hope it doesn't fall further so i can take more shares out...

[Dinan]

anyone buying HGD ??

[guessboi]

out of HGU. trying to get into HGD right now.

[skandalouz_08]

Just got into HOU as well. Let's go oil.

[sputnik]

Originally posted by troyl


Not sure if i agree with this statement. Say I want to buy 1000 HNU at $2 and you sell 1000 HNU at $2. Shares change hands between us not Horizon and volume would go up by 1000.

The difference is that there is also an offsetting HND ETF.

So there is basically twice the volume because instead of selling HNU short you would simply buy HND.

So there are no transactions that go from investor to investor but rather it is always investor to Horizon on both buys and sells, effectively doubling the volume traded.

[Vanish3d]

Originally posted by Dinan
thanks SR, i'll take some positions out of HNu at 3.2, not sure if i should buy few more shares now and hope it doesn't fall further so i can take more shares out...

lol dinan, you just did a huge no-no. You dont use the word "buy" with the symbol "HNU" in the same sentence!:rofl:

come on 3.2 NG! what is that in HNU? around 2.65 ?

[skandalouz_08]

Bought oil too early as it drops to $7.84....:banghead:

[Dinan]

[QUOTE]Originally posted by Vanish3d


lol dinan, you just did a huge no-no. You dont use the word "buy" with the symbol "HNU" in the same sentence!:rofl:

come on 3.2 NG! what is that in HNU? around 2.65 ? [/QUOTE

and yet i never learn :( lol....

[997TT]

the classic stopped out and recovering back to entry price stock
lol

oh well i get that with my tight stops

[Dinan]

why is november contract up double then the october contract today, that will kill us with the roll over, no ?? :(


NG seems to be following oil today... it dropped when oil dropped right after the inventories came out and now it's recovering...

[Dinan]

damn bought few shares of HGD at 6.13 and it just dropped right after lol... GOLD seems to be heading up, maybe i should sell... anyone else buying this?

[Meback]

SR please let us know when to sell some HNU positons!!

[997TT]

ya i'm looking at HGD at $6.

HOU $8.20....WTF
lol

[Super_Geo]

Oil's back in the mid-68's!

[Vanish3d]

Originally posted by Meback
SR please let us know when to sell some HNU positons!!

go ONE page back, look for 3.2 / 3.5 NG

[Z_Fan]

I bought some HGD just before it dropped too. LOL.

I was on the phone with RBC Direct wanting to buy HOU at 7.91 and by the time I was off and able to buy it was up to like $8.15 PISS ME OFF RBC

[Dinan]

wow, what just happened with GOLD, any news out or anything???

[Meback]

WTF HAPPEND TO GOLD!?:eek:

[SilverRex]

gold just broke a very important resistance at 971, now expecting higher gold prices

[tylere]

Originally posted by SilverRex
gold just broke a very important resistance at 971, now expecting higher gold prices

Is 991 the next resistance for gold?

[Dinan]

how much higher, ?? should we get out off HGD, but then again it doesn't really track gold, oil gold stocks., how much higher can they go...


there some time when gold is down 10$ and HGD is up few cents or not even... :dunno:

GOLD

Intraday bias in Gold remains neutral for the moment. We'd expect some more consolidation between 931.3 and 974.3 and will stay neutral as long as Gold stays in this range. Though, a break of 931.3 will indicate that another fall is indeed underway for 904.8 support.

In the bigger picture, price actions in gold remains choppily bounded in converging range between 865 and 1007.7. While there are some possible developments inside such range, there is no change in the preferred view that it's merely consolidation to larger rise from 681, and should be near to completion. On the downside, in case of another fall, strong support should be seen at 904.8 support level and the case of deep fall to 865 is not likely. On the upside, break of 974.3/992.1 resistance zone will be the first alert that rise from 681 is resuming and will turn focus to 1007.7 key resistance level for confirmation.