Official Short-term Investments Thread

[secol]

yes oil! was close to pulling the trigger when i saw oil dip a bit mid morning, but glad i held on to see if it would bounce and break out a bit more

[SilverRex]

just wanted to post Barrick gold chart here.

while I Was expecting gdx to come down to 29 and hasnt. looking at Barrick, the chart looks more in line to what I was expecting from a technical correction point of view.

with barrick bouncing off the 50DMA (so is goldcorp), a good follow thru daily swing in the next day or two would potentially seal the low. RSI has also hit oversold. as you can see every time RSI is oversold has resulted in the next up leg.

will this time be no different? we will soon find out

[SilverRex]

added back two core miner positions after a 6% drop in a bit over a week.

My portfolio is now back to 70% miners, 20% energy and 10% cash.

[Marsh]

Originally posted by secol
HNU was mentioned earlier as a x2

Maybe I wasn't too clear about. Interested in playing the futures curve itself, not just a general leveraged position in NG.

[troyl]

Originally posted by Marsh


Maybe I wasn't too clear about. Interested in playing the futures curve itself, not just a general leveraged position in NG.

Hmmmm You could try HUN-T which holds January next year Nymex contracts.

[Marsh]

Originally posted by troyl


Hmmmm You could try HUN-T which holds January next year Nymex contracts.

thanks will check it out!

[BavarianBeast]

Come on ARIA!

I need a 570s in my garage!

[SilverRex]

not much to comment.

Gold continues to consolidate towards an eventual upside breakout.

oil has closed above 46 which is even more bullish than I thought. today's oil inventory and Janet Y's speech will be market drivers.

setting a stop under my entry for Natgas. it needs to pop soon or it is starting to look corrective as a wave 4 heading to one more lower low.

Im 90% core miner and 10% leverage in my mining exposure. If gold does reach my target are by hitting 1320 and gdx 29s I will start to covert towards more leverage play

[Vanish3d]

Finally, my JDST paid off. I'm out and waiting for a good entry on JNUG

[SilverRex]

miners finally selling down into the sweet spot with gdx between 29-30.

now we will see where the bleeding stops.

[bspot]

Sold LABD. I think this triangle consolidation takes another couple days, then I'll reevaluate direction then:


» Click image for larger version

[SilverRex]

oil inventory a draw of 2.5m, talk about timing when oil is at a critical resistance. or was the rally ahead of the report leaked?

[ercchry]

Well, got a full position in dgc now, looking for a 50%+ gain once gold takes off, which would be good considering my meg contracts expire this week and I'll be lucky to break even at this rate

[SilverRex]

with oil continue to trade above 46 dollar, inventory was positive. BTE looks like it is in a 1-2,1-2 setup. I wonder if it is now poise to make a run towards 8 dollar.

Natgas finally breaking out of consolidation. if this is wave 5 up, I expect UGAZ to at least break above 50


this is what a 1-2, 1-2 setup looks like for bte. while it can go either way. I am putting my bet on the green path.

Meg is also in a similar pattern

[bspot]

Originally posted by bspot
Sold LABD. I think this triangle consolidation takes another couple days, then I'll reevaluate direction then

*record scratch*

That didn't take long. Saw a pennant forming and bought a partial position. XBI has since broken down out of this trend.

Lost $20 on the flip-flop, so could be worse.

Edit: And it is worse. Headfake and I fell victim. At least only a partial position.

[SilverRex]

Janet speech in 40mins, my bet is that she will be dovish as to prevent any significant sell off in the stock market and continue to hold it up if not light a fire under it leading up to election.

[SilverRex]

after initial negative reaction on gold, now it is favoring the upside

[bball2]

Great little rally in gold in the last 5 mins :-)

[Vanish3d]

YES ! GO GOLD GO !

managed to get in JNUG at 287 before noon. Let's ride this bitch up

[Disoblige]

I set a limit on NUGT for $146.9 like 10 minutes ago, but it was in the 148+ range for the longest time. Did I get lucky that it got filled? No idea how that even happened.