Gold Bug Spray: Weekend Wrap By BGINVESTOR: Part Trois

SIdebar: After months of ignoring the truths being brought to light by this blog, SMT-Exposed and even Avi Gilburt, Mr. Gary Savage decided to ask us to give him credit for his winning trades. That is the equivalent of a doctor that kills a family member due to malpractice, reminding you that months back he administered a Flu shot to said family member.

Gary, you are reckless, dangerous, arrogant and deceitful. You want me to stop you panzy? Ass hurting too badly? Fine.

1) Take my Still falling for your bullshit post.

2) Put it up on your premium and free blog for 2 weeks

3) Annotate it clearly to explain how and when you sent the message to sell JNUG, rather than keep adding. Explain how you closed trades on the weekend, where the losses went.

4) If your explanations are logical and truthful, I will stop completely.

Weekend wrap! Bginvestor

What can I say, so much entertainment this week! Why go to the movies, when you can see “Gary the gold Guru” trying to convince the gold bugs to be herded into the equity markets!

UPRO – Daily

Admittedly, I think Gary mentioned that he was trying to catch the top of the daily cycle. But, cycle analysis suggests that the end of this daily cycle starts into the intermediate cycle low. I think he’s hoping the price will hit the moon first. I don’t know, we shall see!

$VIX – daily

The VIX shows just how crazy the SM markets are right now. Price has been in the channel for months. I’ll bet the complacency ends sooner than later. DUCK: The spike should be shorted by VXX. Look at 1990’s VIX stayed low for very long periods of time.

DIA – daily

I’m going to be patient and wait for a decent correction. This does not scream low risk right now, you know what I mean? Besides, most of the SM sectors are clearly over bought and profits should be taken before they are taken from you.

VNQ – daily

One exception is REITS; they got pounded for a few weeks and one of the few sectors that are over sold.. VNQ bounced off a well-defined support at FOMC..

I’m already in baby!

DUCK: Everyone here knows how I feel about REITS.

CHN – daily

This is just a reminder that there are ETFs other than the metal sector that kick ass!

DUCK: China leads the commodity markets quite often.

ULE – daily

I missed several opportunities this week. This is one of them. I noticed that bullish pattern early on, but didn’t pull the trigger.

The downward trend has been broken. I repeat, the down ward trend line has been broken. ;)

DUCK: 2 ECB members talked about rate hikes. Just a reminder, in 2008, USD and EURO interest rates were about the same and the Euro was at 1.60. I think we will hit 1.20 easy this year.

$USDJPY – daily

We’ll see if there’s enough steam to push through supports next week..

GDXJ – daily

Obviously, there was going to be a breakout! I told you. Mission accomplished. ;)

GDXJ – daily

Oh boy, I hope price hits that support line. I have the 3X gun off of safety and ready to pull the trigger.

I bought in low like a lot of you, but could not resist capturing the profits from the vertical move. So far, it worked out very well. I’m up over 15% in my account just for this week alone.

By the way, Mark showed me a chart that suggests there’s no way price is going to get down there! And he may be right.

So, if you want to go long, I suggest scaling in, seriously.

GS – daily

Goldman got kicked in the sac today! Is this an early sign of market weakness? hmmmm

DUCK: I am short this one with av average price $248.50 adjusted for puts and calls sold. I round tripped this in spectacular style as it fell right after I went short, but i have still not covered. If TLT explodes higher GS will definitely meet its 200 moving average which is more than $50 lower.