Bear Cave 2 (Bull Allowed)

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robo said:
Tops are a process and this one is far from complete in my opinion, but I'm retired now and the Risk Reward set-up is to high for me to be in the C, S or I funds.

Good luck to you riding this Bull.
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Thanks man, that makes sense, I'm about 30 years from retirement so I'm all about the risk right now :)
 
I seldom get cold feet so I'm holding and will most likely add to my positions in GDXJ, GFI, FCX, and SBGL.
 
I got Dusty and took a Beer Money trade….

1/23/2014 12:43:39 PM ET DUST Sold 300 DUST @ $29.6201 Executed
1/23/2014 11:47:45 AM ET DUST Bought 300 DUST @ $29.1252 Executed

I made enough for a couple of six packs of Coors Light and a very nice dinner somewhere…….I don’t keep all of my gains I spend them! I would have held longer, but gold is on the move up again.

Good trading and I’ll be drawing out around 25k from of my Scottrade account in a few weeks for some fun and travel. You can’t take it with you folks…..what's the point in making all this money if you don't spend it once you retire.
 
Birchtree said:
I seldom get cold feet so I'm holding and will most likely add to my positions in GDXJ, GFI, FCX, and SBGL.
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I'll be adding also, but as you know I'm a trader and trade in and out of waves and cycles. This cycle should be coming to a end, and we should see a pull-back into the DCL. If we don't it doesn't matter and I'll just have to pay up to get some more of those sweet Wallflowers....
 
I decided to buy my shares of USLV back before the close.....gold is holding up well, and silver is due to play catch up.... If this is a Bull Trap they just got me!

Good trading.

1/23/2014 10:48:16 AM ET USLV Sold USLV @ $50.1736 Executed

1/23/2014 3:37:54 PM ET USLV Bought USLV @ $49.0084 Executed

I will be selling my TZA before the close....I'll wait for another set-up to short.

Good trading.
 
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Gold Stocks – Still Looking Good
January 22, 2014 | Author Pater Tenebrarum

Let us however stress again here that one should not expect 'smooth sailing'. In fact, it is likely (although it obviously doesn't have to happen that way) that the initial rally attempt will run into trouble and lead to a prolonged period of volatile sideways movement. However, if the trend has changed, there should at least be a slight upside bias evident over time.

One reason why we don't expect smooth sailing is of course the gold price itself, which has so far not shown any indication that it has turned up for good. In order to give us initial confirmation of a trend change, it would at least have to rise above the $1,260 – $1,280 resistance zone. As an aside to this, even if it does manage to rise above this resistance area, one shouldn't necessarily expect a very big rally this year. It seems more likely that if a low has been indeed been put in last year, a year of consolidation will be in store, at least until the seasonally strong period begins in the fall.

Gold Stocks
 
Will Hard Landing Concerns For China Return?
Thursday, January 23, 9:25 a.m.

We had all probably forgotten about the concerns a couple of years ago that the world’s second largest economy, China, might be in for a hard landing into a recession.

The talk faded away as its economy stabilized. However, its stock market remained a disbeliever.

Having recovered only 50% of its loss from the 2008 global financial meltdown, China’s stock market immediately headed back down in 2009 and its decline since has it down 66% from its 2007 peak, and down 41% from its partial recovery high in 2010.

StreetSmartPost


It's not what you don't know that hurts you, it is what you know that isn't so.
 
An important trend line is being tested for gold this morning ( around 1268) if it breaks out we could see some nice action from Da-Bulls.... So we shall see......

Yen down, stocks up. Yen up, gold and bonds up, so keep a very close eye on the dollar and Yen......The dollar could be heading much lower, and if the Yen is moving up it will not be good for stocks. For now we don't know for sure what will happen, but it's very important for the markets possible next move.

http://rambus1.com/wp-content/uploads/2014/01/us-dollar-updated.png


The miners have made a very nice move the last few weeks.....

http://stockcharts.com/h-sc/ui?s=$HUI&p=M&b=6&g=0&id=p54846683276&a=290636225


Looks like the Bulls are a having some trouble with 1268.....

Good trading.
 
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Traders are sure watching support levels today on the Major Indexes ( 1812 S&P 500) and saying..... is this the 5% correction we have been waiting on? I just added some gold miners during this dip this morning, and I will be looking for a chance to go long the C Fund for a trade. The Market loves to bounce on Mondays, so there is a good chance we could see that this Monday, but will it sell-off some more on Tuesday? I will leave all those opinions to the Chart Guys.....and I pay more then just one for that data.

I'm making a move in one off my 401ks today for a Monday bounce ( S&P 500 type fund), but not in my TSP. I want to see if we sell-off some more next week, and not use my TSP moves on a 1 day move. Things are not going to be as easy this year as they where last year.

Good trading.

Home

http://rambus1.com/wp-content/uploads/2014/01/dow-joness.png
 
CrabClaw said:
what are you thinking on these miners? NUGT down decent so far.
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I was busy trading some other accounts, and reading over some data in 2 other chat rooms I hang out in...... Rambus and Savage.....

Bottom line is I'm .....BTFD Brotherman!

Good trading.

I should have left my trailing stop on TZA and not sold it.... It's sure up nicely today!
 
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sniper said:
Still holding BIB, taking a beating today but still up 16% from where I bought it at
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I'm looking to make a play on the C Fund myself.....I almost pulled the trigger today in my TSP account for a one day move. The Market loves to be up on Mondays....will this one be different? I sure don't know. The Bull is going to be much tougher to ride this year.
 
Like the chart, thanks! Im going to wait on the miners for now.

Hindsight is 20/20, as always is the case. I sold my IWM puts and VIX calls way to early, made healthy gains the last couple days though.
 
CrabClaw said:
Like the chart, thanks! Im going to wait on the miners for now.

Hindsight is 20/20, as always is the case. I sold my IWM puts and VIX calls way to early, made healthy gains the last couple days though.
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Nice trade! I'm always early...sold my TZA early and bought JNUG early again....BTFD this morning so that will lower my average share price, and I have some pretty good gains this week to off set loses if I do decided to sell my miners next week if things get ugly. We are getting close to a cycle top and maybe the start of the DCL.... The plan is to add shares for now on weakness.

Good trading.....and I'm not taking any new positions going into the weekend. The shares of JNUG I bought this morning are bouncing back nicely.
 
I most likely will not add any new positions going into the weekend either. I am currently holding TZA & SQQQ. May scale back on those... have not decided yet.

Good trading to you!
 
CrabClaw said:
I most likely will not add any new positions going into the weekend either. I am currently holding TZA & SQQQ. May scale back on those... have not decided yet.

Good trading to you!
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Maybe it will be different this Monday, but they love to ramp the stock market up on Mondays. Some traders think more selling on Monday and Tuesday, but who can say for sure. Good luck holding over the weekend, and I'm going to hold my USLV GDX and JNUG over the weekend myself.


GDXJ and my JNUG are still looking ok.

http://rambus1.com/wp-content/uploads/2014/01/GDXJ-UPDATED-BACT-35.png
 
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