Goldtent TA Paradise

Lost 1% on my short.   HGU at 8.75

Miners are telling us something.

Bo: You said I was the one.
Jim: You deceived me.
Bo: All my plans for us….
Jim: Never like you say.
Bo: This time I’m sure.
Jim: Whatever.
Bo: Can we just, you know, one more time?
Jim: No.
Bo: KWN still wants me.
Jim: And I have the dogs.
Bo: You’ll miss me.
Jim: No I won’t.

….by the miners relative “strength” in the face of POG weakness?

There has been deep, long term divergence using (Matrix’s) favorite indicator (tweaked).  Still many believers out there.

This is not a done deal……yet.

Sold the last of my physical.

I’m not a gold bug anymore. Not even one ounce of me.

Tired of the cult.

Tired of being a social malcontent.

Tired of clinging to a tired financial ideology.

14 years.

What a ride.  🙂

With a hat tip to Matrix…..

Bo “the snake” Polny has done it again.

His July 22 public update (Calling yet another  bottom  at 1281.50) has been redacted and replaced with a document saying the bottom is now ahead!!!!!

Written in September with a July 22 date!!!!   WTF??????

This is an ongoing pattern. This guy is really sick and dangerous. Beware.

You will be missed! Thanks so much for your great insight. Enjoy that bucket!

Out with 15%

Position reversed (long HGU).

No trend yet…just the usual grind that has decimated traders in this sector.

Using the Matrix TSI indicator lately. I like it.

All paper will burn! They’ll print to infinity! It’s worthless confetti! Only gold can save you!

….and will soon make his move.

Gassed myself for a loss.
Short the miners again via HGD.TO 2x short (the mirror is HGU.TO 2x long)

A breakthrough would be very significant.

Instead of watching live gold, I’m watching live natural gas.
Instead of trading 3x gold, I’m trading 3x natural gas.
Instead of searching for gold fundamentals, I’m searching for natural gas fundamentals.
I feel much better now. Really.

I am not an investment professional. I am a rodeo clown.

If you lose money because of my twisted view of the universe, I don’t care.

But I did stay at a Holiday Inn Express last nite!

– natural gas price trading in a 5 yr range between 2-6 $ or so.

During this time the index of producers/explorers has more or less doubled.

The 3x short producer ETF has been beaten down hard.

Conclusion: Producers are very expensive. They are either predicting higher prices or waiting for their turn in the barrel.

I’m in the barrel camp and long GASX.

I no nothing of except that I think there is too much of it.
The short side is overbought with waning volume. Just enough to keep the dumb money (me) 🙂 out? I’m going to watch this closely and study the funnies a bit better.

Plunger made me do it.

Extremely rare “cookie monster” trading pattern.