BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Not everything is golden

[laffinatbaggies]

So maybe there will be a bounce in HVU soon.  Just want HVU to join the party.  Most of my capital has been allocated the last month or so in shorting gold and precious metals. Everyone said that was crazy.  Doing very well and took profits in a small portion of my shorts. Bulls just can't let go of the bag.
Speaking of bags, I just added more HVU this morning and brings my HVU total cost now to $4.89
Since my shorts in precious metals are doing so well, HVU is only 3% of total portfolio.
Happy trading and thanks for the one star in advance.

[darthsidious666]

What made you want to short gold?

[laffinatbaggies]

Simple answer, to make money.  Since this is the HVU board, I will keep my posts on here about HVU. I have stated my reasons for going short gold/silver on several of those boards. You can read it there. But I will leave you with this, gold stocks ran too far and the weekly charts for gold stocks look negative.

[darthsidious666]

I figured, i thought they were overbought too. Good time to buy on the dip for longs.

[laffinatbaggies]

I copied and pasted below a post I made on August 3rd on another board. The move for precious metals moving higher is soon coming to an end. So with minimal upside, this is where I come up with the thesis the next big move will be to the downside. But, it won't be a waterfall type move, it will be slow and methodical. This will get more people buying dips until they have no more capital to

[flipher]

This post has been removed in accordance with Community Policy

[toxbridge]

Soros has been shorting the market since the beginning of 2016. He bought in gold stocks along with it. He did so to hedge his shorting position. While most think the gold is going to continue to hike, he sold most of his gold stocks about two weeks ago. Why did he do that? You now know.

[curiousbuild]

Couldn't agree more with your post.. I am not in HVU yet, last time I thought it was the time I ended up exiting 5% loss. So this time I rather miss little bit upside. I also agree and as posted so many times here just short garbage gold stocks.. AR, AGI, IMG, YRI all garbage.. What we need now is a freaking Chinese investor dumping 5 tons of gold again overnight like last year :) I am staying