Official Short-term Investments Thread

[ercchry]

Gold is starting the week pretty strong!

[TYMSMNY]

ding ding ding. lets start the week off strong.

[jacky4566]

Originally posted by TYMSMNY
ding ding ding. lets start the week off strong.

Just flying out of the gates today.
Even will all the news neither MEG or JNUG have moved.

[SilverRex]

selling my ndm.to on today's new high. quite happy with the 125% return on this position. Will buy back if a big correction unfolds otherwise going to stay out and free up some cash for other opportunity.

[secol]

Originally posted by jacky4566


Just flying out of the gates today.
Even will all the news neither MEG or JNUG have moved.

it is a US holiday as somebody else had mentioned so that probably has an impact

[jacky4566]

Originally posted by secol

it is a US holiday as somebody else had mentioned so that probably has an impact

OH right. D'OH!

[KO22]

Whats up with the silver price? Just shot up before close

[jdmXSI]

Gold is up crazy big

Edit: since im a newb at this trading thing, would it be a good idea to buy jdst today or is gold still trending bullish?

[jacky4566]

Had stocks in AMD that tanked this morning. Triggered my stop @ 10. Not really sure why that happened. No news or recent changes. Oh well, at least gold is up!

[Disoblige]

Gold looking strong, USD stays weak.

JNUG may be closing high of the day or close to it.

[ercchry]

Hopefully it takes out $1220 overnight and that's the catalyst for miners to finally pop!

[SilverRex]

Originally posted by ercchry
Hopefully it takes out $1220 overnight and that's the catalyst for miners to finally pop!

the 1200-1215 area is a very important resistance zone. a previously strong support turned into resistance, the longer we stay above this, the more bullish gold gets and it will open up the 1300s again. with 1240-1250 being the next major short term target

[secol]

likely will help gold bulls. the 1 hr chart on gold looks really nice since the low in mid december


http://www.marketwatch.com/story/tru...ket-2017-01-17

[SilverRex]

kgc has a neckline breakout and an invested head and shoulder pattern targeting above 4s. that is another 16% higher from this level. while not all charts have the same setup. can it be a bullish sign that miners have further up to go?

I am sure those shorting gold must be feeling the pinch. about time

[SilverRex]

looking at gdx. either wave 3 is under way or this can still be a wave B bounce (due to the weak performance relative to gold)

wont be adding any more positions unless gdx can drop back to the 21 level.

[SilverRex]

GDX #1 on the SoS list todAY

http://online.wsj.com/mdc/public/pag...moneyflow.html

If pattern continues it looks like tomorrow will be a down day for miners.

hopefully that means it could be the start of that much expected wave C low.

would like to rebuy a couple of jnug positions before she takes off

[Disoblige]

There were a few big sell blocks of GDX after-hours as well.

[SilverRex]

gold in the 1215-1220 is a major resistance zone. cant rule out one last effort to complete wave 5. appears we have an extended wave 3 structure. if my count is correct, i hope to see gold correct back down to the 1180-1200 area and a chance for miners to finally crack and gdx headed back to 21.

leaning towards a drop is imminent scenario due to the fact that miners continue to under perform. it made it to the top of the sell on strength list today. hopefully it has topped so i can get in on the cheap in the coming days.

first sign is gdx breaking under 23 tomorrow

[Magic-8-Ball]

Originally posted by SilverRex


LABD is at 15.20

i aslo sold all my biotech at 42 2 days back. just didnt want the volatility with the Trump speech ahead and my focus is on gold now

Well...I was on holidays and missed my chance to get out in the 42's on my LABU. Any thoughts on where BIOTECH may be headed short term?

[ickyflex]

Brutal holding energy when the whole US Tariff news is ripping Canadian Energy lower