Dumped all JNUG today and re-bought a partial position$1.50 lower.
Feels nice to have entry in the 18s instead of trying to average down from 22. If GDX does make it down to 25, I'll be loading the boat.
Dumped all JNUG today and re-bought a partial position$1.50 lower.
Feels nice to have entry in the 18s instead of trying to average down from 22. If GDX does make it down to 25, I'll be loading the boat.
gold has finally about to test the 1330 area I mention a few days ago, amid taking a bit longer than I hoped. with gold opening lower possible dragging miners down to start. Must be gut wrenching time for those that are over exposed and trapped in the market at higher prices. (personally thanks to a couple of good swing trades and staying no more than 25% leveraged has helped me stay pretty stressful as gold continues to work off it's correction before the next rally.
Looking at this, I have to say, gold really needs to find support in around the 1330 area simply because there are a confluence of support here.
sloping channel line, 200 EMA, 38% level, previous resistance turned into support.
while I am not concern technically unless gold closes below 1320, it looks as though it still needs to make one more wave higher over 1342.
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2019 IS350 AWD
20xx NX350 AWD
Taking a bath on MEG. It's a very long hold for me, so not the end of the world, but I still look forward to the flexibility that will come when I unload it. Probably next year.
I took a big loss on MEG 8-9 months ago. Don't know what I was doing holding it in the first place... Sold it and have made that up and then some shorting oil. The lesson I learned is trying to time jumps/drops when you know the overall trend is going the opposite direction is just stupid.Originally posted by bspot
Taking a bath on MEG. It's a very long hold for me, so not the end of the world, but I still look forward to the flexibility that will come when I unload it. Probably next year.
Same. That's why I'm sticking in. I still feel oil, although largely sideways the last few months, is still in an up trend. I do think we see $50+ within a year, and I will hold until then.Originally posted by dimi
I took a big loss on MEG 8-9 months ago. Don't know what I was doing holding it in the first place... Sold it and have made that up and then some shorting oil. The lesson I learned is trying to time jumps/drops when you know the overall trend is going the opposite direction is just stupid.
Today Is a Precious Metals Option Expiration on the Comex, will see if that does anything to gold
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2019 IS350 AWD
20xx NX350 AWD
there are divergences occurring for gold on the 15m and 1 hour setting. miners also interesting open in the green despite gold was down. I think a near term bottom is in and gold is due for a good rally imo
adding a 2nd tranche here for Jnug.
Last edited by SilverRex; 09-28-2016 at 09:09 AM.
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2019 IS350 AWD
20xx NX350 AWD
^JNUG getting slaughtered. Anyone on the sidelines must be laughing. I added more at 16.10
regardless of which direction miners will go, you cant rule out it may be now in a triangle consolidation pattern.
it is quite possible that the market may be in a side way grinds until the election.
perhaps range trading is the best strategy at the moment
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2019 IS350 AWD
20xx NX350 AWD
Small position in at $15.95. Let's see what happens.
LABD now has a higher PPS than JNUG
Doing the same with BTE (Baytex). Thought I was being all slick putting in low-ish limit orders, but it has gone down significantly since then.Originally posted by bspot
Taking a bath on MEG. It's a very long hold for me, so not the end of the world, but I still look forward to the flexibility that will come when I unload it. Probably next year.
I have about 10g cash lying around that I'm super tempted to dump into BTE or MEG. It can't get much lower than it is now. Can it?!!? (I thought that last time when I bought BTE for 6, and it is now sitting at 4.9
Scalped JNUG as it seems to be resisting and not comfortable holding overnight.
Small position in DWTI @ $79.5 with lots of room to average down if need be.
I don't buy the whole "oh we may have reached a deal, but won't tell until November" BS.
Originally posted by Khyron
Was trying to stay out but can't resist joining the party at 16.15
Originally posted by Disoblige
Small position in at $15.95. Let's see what happens.
Well done!
Letting it run?
Joined in on the JNUG fun with a small play as well. Lets see what happens
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current ski quiver:
park, all mtn 181 ON3P Kartel 98
park,all mtn: 181 Armada AR7
big mtn, pow: 185 Armada JJ
some earlier tweets are saying OPEC reaches deal to limit production, execution in November this is giving all sectors a boost it would appear
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2019 IS350 AWD
20xx NX350 AWD
I bought more JNUG @ 16.4, probably going to unload a bit here soon.
edit: sold half my JNUG at 18.8. Will probably get rid of the rest if/when it breaks $20.
Last edited by bjstare; 09-28-2016 at 12:34 PM.
yup I had double up on my position. Will let my 1st one averaging at 20.00 go once it breaks even and let the one I bought at 16.00 ride it a bitOriginally posted by cjblair
I bought more JNUG @ 16.4, probably going to unload a bit here soon.
Poo, shouldn't have went in DWTI, but nice JNUG run! Got in again in the low $17s as it looked like it broke resistance.