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UGLD

Reversal of $DXY may have put a floor on #gold $GLD $UGLD $NUGTThe otherwise bearish gold chart may not touch down on $1400 to $1420 as many expected it to. Trade wars and tariffs along with the debasement of all fiat currencies may trigger the return to higher gold prices. Gold bugs who have been frustrated again and again over the last 5+ years may now see another large scale move as short positions are covered heading into the end of the year. The long-awaited event may be at hand. Goldman Sachs says gold is going to $1,600 www.kitco.com Here is what that might look like. Otherwise, look for support around $1415.
OANDA:XAUUSDLong
by blloyd
1
GOLD & SILVER STOCKS ARE OVER BOUGHT! HYPE IS DRIVING THEM UPFolks, we hate to burst the bubble but... Has anyone looked at the charts of the GOLD and SILVER stocks? RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about. To top this argument off, the big companies like GOLD and NEM are making nothing, no big profits, to run to the bank with. Both companies recently purchased other gold producers and as of late, neither company can turn a nice profit. Look at the earnings reports...It's the truth! In fact, GOLD barely hit estimates and revenue was down missing estimates. WHY..? ASK YOURSELF WHY? THE NUMBERS DON'T LIE! Why are all these GOLD & SILVER companies in Canada? We've never done well with Canadian stocks because at the end of the day, most if not all turn out to be a huge scam. Both GOLD and NEM have had plenty of time to sell gold at these record prices but yet both companies are unprofitable or making a few cents. Why is this? We cashed out of all our GOLD & SILVER stocks today and we will not look back. Even if GOLD hits maybe 1600 to 1800, and SILVER hits $20 to $25, none of the stocks we follow are making money and from what we can see, they will continue to lose large amounts of money into the future. Take your profits in the stocks and move into the Indexes, ProShares, SPDR's and ETF's to play it safe. Here's are several for you to research: GDXJ, JNUG, UGLD, GLD, GDXJ, UGL, GDX, DGP, BAR, GLDM, IAU, SLV Every piece of GOLD & SILVER these companies find & produce is sold forward which means, they missed out on the record high prices as of today. Also, where are the nice 2%, 3%, 4% and 5% dividends from all these companies if they're doing so well? Wall Street wants you to believe that because GOLD & SILVER are at record highs, GOLD & SILVER stocks should follow. This argument is one big FRAUD AND A HUGE SCAM! TAKE YOUR PROFITS AND DON'T LOOK BACK...WE DID TODAY...NEVER ARGUE WITH A PROFIT!! BEST OF LUCK TO EVERYONE WITH YOUR TRADES! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
NYSE:GOLDShort
by UnknownUnicorn3159981
Gold: current view: upturn soon.There was a huge rapid upswing in gold from 2008-2011. After a large rapid rise there is often an expended sideways consolidation IFFFF the longer term bull market is not over. I favor it is now over as I still favor long term the US dollars fall is not over. The action from 2012 to now may be part of such a extended consolation. We now have potential saucer bottom or if you like a complex inverse head and shoulders pattern. When the current short term downtrend is broken I will go long with then most recent low as my stop on a close. If all goes well my longer term target is given. Process your way. Have a good weekend.
COMEX:GC2!
by goodguy
4