Ultra Gold ETFs

[tsptalk]

Ultra Gold ETF differences.

NUGT vs. JNUG...

DUST vs. JDST...

 

[CrabClaw]

sentiment on gold is very bearish right now but there is some signs of at least a swing low put in place last week. Depends on who you talk to, Im playing for a bounce.

 

[MrJohnRoss]

Wow, looks like NUGT & DUST are for sissies. I have one word: Insanity.

 

[tsptalk]

If anyone's broker has shares of DUST available to short, can you let us know who it is? Scottrade never has any available.

 

[Weather]

Alot of volatility in gold lately. Anyone playing NUGT lately?

 

[tsptalk]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

 

[weatherweenie]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

And not the good kind of hammered.

 

[tsptalk]

One leads to the other.

 

[Weather]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

3X ETFs will get you hammered in a hurry.

 

[kohaku2]

gold futures are even more volatile. Am short now which is good but half an hour later may change by $500 per contract. The 50 day ATR is 15 which averages $1500 move per day per $6500 margin.

 

[k0nkuzh0n]

Goldman Sachs is bearish gold.

From July 2014: Goldman on Gold: Target $1,050 an Ounce, But $1,200 is the Real ‘Floor’ - Focus on Funds - Barrons.com
From Sept 2014: Gold Downside Risk Seen

 

[tsptalk]

I think it needs to turnaround first. Those trying to pick the bottom have been getting hammered.

Saw some positive action in gold recently, possibly trying to bottom. I'm buying a little NUGT on this morning's pullback.

Bot NUGT $22.2699

I'm not sure how I got that good of a price. It was trading at 22.44 when I entered a limit trade and I got this chart just a minute or so after purchasing. It's a mover.

 

[tsptalk]

Bot NUGT $22.2699

I'm not sure how I got that good of a price. It was trading at 22.44 when I entered a limit trade and I got this chart just a minute or so after purchasing. It's a mover.

Now I see ... Sometimes you get lucky.

Of course it's early and this thing will likely be all over the map today.

 

[tsptalk]

Saw some positive action in gold recently, possibly trying to bottom. I'm buying a little NUGT on this morning's pullback.

Bot NUGT $22.2699

Sold NUGT @ 20.49. Never liked the action and should have sold earlier. I will take the loss here on today's gain before it breaks down again, which it looks like it could.