Gotta love ZERO RISK in the SP500 = $$$

Nine_Ender said:
Ok, enough. The bullshit meter tipped over on you many weeks ago, but you've been claiming you are in triple bull ETFs all the time and now suddenly on a day you'd have been caught on a huge loss you say you are short. Your posts were all bullish on equities going into today.

Stop posting this shit. Your story makes no sense, and you aren't bright enough to realize this.
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I have owned SPXS TZA and TVIX for weeks now in one of my portfolios, and I have had big losses on them, I have no shame, I still own them and have been trading XIV, today I sold out of SPXS after buying it at $19.50 I sold today at 19.60, I bought TVIX above $3.00 in early Feb and still own the shares, Im down big on those, I also own TZA that I bought $11.59 weeks ago...down on those as well.
The only 2x and 3x bull etfs I own right now are ERX, XIV, JNUG.
I will not touch any other 2x or 3X bull etfs until a bigger collapse, which means I won't trade SPXL until it trades under 80 TNA under 70 SOXL under 115 TQQQ under 90 etc etc etc. Way too expensive and overvalued! Would really want to hold off on any long term positions until the market drops to October lows! Which the markets will see soon.


Here is my TVIX post:

  1. Thanks

    now in TVIX at 3.07

    lots of shares, was going to buy this morning at $2.95 but decided let me wait until it drops to $2.75 but all it did was move higher after the open. I shouldn't have chased it but since I made a great trade with XIV I figure why not go the opposite way into TVIX for some extra $$

    Looking for somewhat of a daytrade in this one, looking for $3.15+ at the close but who knows, trading around $3.01, Will see, markets look weak on energy being lower but that could change.
    Feb 10, 2015Report
    #4787 Reply


  2. noddyboy
 
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I am glad I took profits early today...as I mentioned, BTFD seems to be changing, which is a sign that a top might be behind us. Yes, this is another top call.
 
noddyboy said:
I am loading up the truck on GDX...too good to be true?
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I agree, I guess talk of a rate hike, a surging dollar and already a sell off in commodities just pushed gold lower. Im surprised to see gold off as much as it is, I don't trade gold but I thought JNUG looked good the other day, down pretty big on it today though thats why I didn't buy too much knowing how volatile it is, but as quick as it moves Im not worried, Ill average in below $15 if it gets there until then Im holding...as for GDX only go in about a 1/4 position. I will probably buy some below $17.

oh and as soon as the fed comes out and tells wall street were not raising rates in June or Sept gold will rally higher, so no worries. The fed will announce an emergency meeting if the markets fall another 3-4%. They always have a way of calming the markets and will do so in due time if the markets keep falling.


found this a few mins ago on cnbc....talks about a fed rate hike which would boost the dollar and hurt gold prices, don't believe that, the fed isn't going to raise rates and if they do its going to be a huge 1/8th or 1/4 at most! With Trillions in debt they can't move rates any higher.


http://www.cnbc.com/id/102482129

"If we close below January levels, then the most obvious downside would be November's lows of $1,131, obviously there would be big figure support around $1,150."

Markets believe that the strong report could prompt the Fed to soon increase U.S. interest rates, a move that would further boost the dollar, in turn hurting demand for non-interest-bearing assets such as gold.

"We continue to forecast a further strengthening of the U.S. dollar which will keep gold under pressure," Deutsche Bank said in a note.
 
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I understand that gold is priced in dollars etc, but if we have Euro QE, the amount of paper is increasing, and physical is constant. Overall, gold should be going up...but it is actually down even in Euro terms. That makes no sense to me!
 
cnbc hyping up the apple watch today, they started an apple live blog on their site to get things moving this morning, i find it hilarious how much press release this watch is getting, there have been smart watches out now for a couple of years now, what makes this one any different than the next and why is anyone going to spend $350-$1000 on a watch when your phone does everything its suppose to do, we have to be the dumbest consumers on the face of this earth!
 
noddyboy said:
I understand that gold is priced in dollars etc, but if we have Euro QE, the amount of paper is increasing, and physical is constant. Overall, gold should be going up...but it is actually down even in Euro terms. That makes no sense to me!
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My stops on GDX are 50% hit.
 
noddyboy said:
I understand that gold is priced in dollars etc, but if we have Euro QE, the amount of paper is increasing, and physical is constant. Overall, gold should be going up...but it is actually down even in Euro terms. That makes no sense to me!
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If gold spikes in inflationary times, and we're seeing some serious deflation, why would you expect gold to go up? The only thing that should counteract the deflationary pull would be fear. So far, there's no fear in the market. Thus, deflation rules.
 
Tsing Tao said:
If gold spikes in inflationary times, and we're seeing some serious deflation, why would you expect gold to go up? The only thing that should counteract the deflationary pull would be fear. So far, there's no fear in the market. Thus, deflation rules.
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I am net short due to the global slowdown, but the only thing that I can see that will make me wrong is if inflation arrives, as it did suddenly in the 1970s. I am not sure if I "expect" anything anymore, but it seems like a good thing to have as part of my overall portfolio.
 
Yields would suggest there's no threat of inflation any time soon. And with the Fed looking to hike, what little there might be in dark corners of the US economy will quickly dissipate (so long as they actually hike).

In Europe, negative yields (with the exception of Greece, etc)....
 
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