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Gold Futures and ETFs - GLD, DGL, GDX, IAU

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. heyimsnuffles

    heyimsnuffles Active Member

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    You're about to see a Major Up move in GDX, GLD, NUGT, JNUG, all the gold stocks. BOJ cannot hold USDJPY up any longer.

    [​IMG]
     
  2. heyimsnuffles

    heyimsnuffles Active Member

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    Been obliterated. Finally woke up today.
     
  3. heyimsnuffles

    heyimsnuffles Active Member

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    No one wanted gold down around 1150...and people still don't want it. this means higher prices are likely :)

    Long Gold from the 109 area. http://eepurl.com/cve9s5
     
  4. StockJock-e

    StockJock-e Brew Master
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    Wakey wakey!
     
  5. StockJock-e

    StockJock-e Brew Master
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    3x gold etfs getting some serious action today!
     
  6. bigbear0083

    bigbear0083 Content Manager
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    April is gold’s fourth worst performing month
    [​IMG]
    Based upon continuously-linked, non-adjusted, front-month futures prices since 1975, April is the fourth worst performing month for gold and fifth worst for silver. In 42 years, gold and silver have advanced 18 times and declined 24 times in April. Gold has posted an average loss of 0.4% while silver actually recorded an average gain of 0.5%. Silver’s better average performance can be attributed to mighty gains of 15.2% in 2016, 28.3% in 2011, 18.3% in 2006 and 29.9% in April 1987. Gold and silver’s record over the recent 21 years (1996-2016) is better, but performance in April is still tepid. Gold up 12, down 9 average gain 0.4% in last 21 years while silver was up 8, down 13 with an average gain of 0.3%. Typical April performance can be seen in the following chart. Note weakness ahead of the eleventh trading (approximately tax deadline).
    [​IMG]
     
  7. Andre

    Andre Active Member

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  8. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Short GLD here. Will be buying some July PUTS today.
     
  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I got my GLD JUL 21 2017 119.00 P @ 1.14 & .99 yesterday.

    Targeting the XAUUSD around 1200 next month.
     
  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    day early and a couple hundred dollars short:rolleyes:
     
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    PUTs are back in the green! I even bought some DGLD this morning after the drop @ 46.61 in my IB account
     
  12. bigbear0083

    bigbear0083 Content Manager
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  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Thanks @bigbear0083.

    I still see room to move down - there is a trendline coming up that will be very important
     
    bigbear0083 likes this.
  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    1242 is a battleground right now - lets see which way this one goes
     
  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Too tempted by this. Back in with some July 117 PUTS @ .73 on the small pop today
     
  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    too soon again. I need to start phasing into these in a couple lots.

    Right idea, wrong execution - still holding the puts.
     
    StockJock-e likes this.
  17. StockJock-e

    StockJock-e Brew Master
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    Its always the execution... always!
     
  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    lost my shorts on this one. I stopped out at 50% loss - right back to where I started:oops:

    About to take a long position... waiting to see.
     
  19. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Something is going to give here shortly.... question is up or down?
    Gold.jpg
     
  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    GLD getting smoked today after the NFP!

    Now that I look back on it GLD looks to have been in a H&S pattern on the daily. I think we see GLD dropping big time next 1-2 weeks. Possibly down to ~1200-1900
     

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