Gold Rush Done, Now what?

Gold Rush Done, Now what?

Market Trends
As mentioned in my book gold does well in the first few weeks of the year. So How did I do this year? Overall from the trades I made about a 10% return, which was ok, I would have expected a better return on this one. Things for me to take away with is when it aggressively rallied (which it did 3 times) I should have just sold out and let it pull back to buy in again. But I didn't want to play around with this too much I just wanted it to take it's course. The blue arrows indicate where I bought the pink arrows where I sold or where my stoploss triggered. [caption id="attachment_3628" align="alignnone" width="1170"] NUGT (gold) Daily[/caption] Yesterdays FOMC (Federal Open Market Committee) meeting announced…
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NUGT Found NEW Support Time To Be Bullish again!

NUGT Found NEW Support Time To Be Bullish again!

Market Trends
NUGT is one of my favorite trades! It’s a short-term trade that lasts about 6-7 weeks with a return of about 50-65%. I have been in a position since 12/26/17 at around $25.92 and it pulled back quite a bit this week but is still in the channel (see chart Below) but now shows early signs of support and I have adjusted my stop loss just below the new support today. The one thing I like about this trade is that is has given me a 100% rate of success, and you can see more details of the stats for this ETF in my book. The Federal Open Market Committee (FOMC) had already announced that interest rates will go up in 2018. And their next meeting is set for 30-31st…
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2018 Edition Out Now!

About the Book
New Edition Out Now! About the book In his highly debated book centered on investment, M.G. Roberts challenges the traditional principles of “buy and hold” by adopting a different concept. He unlocks the patterns and trends to be adopted to surpass the S&P 500 by 100%. With an easy-to-use, step-by-step instructions backed up by extensive research and data, on when to buy, when to sell and how to outperform the market, this is a must read for any stock trader. Provided in this book are 41 strategies enhanced with tables and charts displaying the probability of best buy and sell situations and also the probabilities of success based on available records. Current Statics 100% Back Tested! 41 Amazing Strategies! 76.5% Probability of Success! 24.4% Average Yearly Gains! Who this book…
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New 2018 Edition Out Now!

New 2018 Edition Out Now!

About the Book
New Edition Out Now! About the book In his highly debated book centered on investment, M.G. Roberts challenges the traditional principles of “buy and hold” by adopting a different concept. He unlocks the patterns and trends to be adopted to surpass the S&P 500 by 100%. With an easy-to-use, step-by-step instructions backed up by extensive research and data, on when to buy, when to sell and how to outperform the market, this is a must read for any stock trader. Provided in this book are 41 strategies enhanced with tables and charts displaying the probability of best buy and sell situations and also the probabilities of success based on available records. Current Statics 100% Back Tested! 41 Amazing Strategies! 76.5% Probability of Success! 24.4% Average Yearly Gains! Who this book…
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Wall Street opens lower on oil price slide

Wall Street opens lower on oil price slide

marketsNews
(Reuters) - The Dow shed more than 100 points at the open on Wednesday, as a slide in oil prices hit global markets and concerns about the fate of U.S. tax cuts continued to weigh on the mood. The Dow Jones Industrial Average .DJI fell 109.77 points, or 0.47 percent, to 23,299.7.The S&P 500 .SPX lost 13.02 points, or 0.50 percent, to 2,565.85. The Nasdaq Composite .IXIC dropped 39.19 points, or 0.58 percent, to 6,698.68. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva Possible Buy in at $27.54 for ERX
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Wall Street opens lower on tax reform uncertainty

Wall Street opens lower on tax reform uncertainty

marketsNews
(Reuters) - Wall Street opened lower on Monday amid growing uncertainty over a U.S. tax reform deal. The Dow Jones Industrial Average .DJI fell 60.63 points, or 0.26 percent, to 23,361.58. The S&P 500 .SPX lost 6.5 points, or 0.25 percent, to 2,575.8. The Nasdaq Composite .IXIC dropped 19.96 points, or 0.3 percent, to 6,730.98. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva
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Wall St. set to open lower on lack of fresh catalysts

Wall St. set to open lower on lack of fresh catalysts

marketsNews
(Reuters) - Wall Street was set to open lower on Thursday in the absence of fresh catalysts and rising skepticism over a Republican tax overhaul plan that is expected to boost economic growth and create more jobs. A U.S. Senate tax-cut bill, differing from one already in the House of Representatives, was expected to be unveiled on Thursday, complicating a tax overhaul push. The S&P 500 has risen about 21 percent since the election of President Donald Trump a year ago, partly on the back of his promises to cut taxes and other business-friendly measures. However, Republicans are yet to score a major legislative win since Trump took office in January, even though the party controls both chambers of Congress as well as the White House. Investors were also concerned…
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U.S. job growth speeds up, unemployment rate falls; wages flat

U.S. job growth speeds up, unemployment rate falls; wages flat

In the News, US Economy
WASHINGTON (Reuters) - U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but a sharp retreat in annual wage gains and surge in the number of people dropping out of the work force cast a cloud over the labor market. Nonfarm payrolls increased by 261,000 jobs last month as 106,000 leisure and hospitality workers returned to work, the Labor Department said in its closely watched employment report on Friday. That was the largest gain since July 2016, but was below economists’ expectations for an increase of 310,000 jobs. Data for September was revised to show a gain of 18,000 jobs instead of a decline of 33,000 as previously reported. Some aspects of the report, however, were downbeat. Although the unemployment rate fell to near a 17-year…
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