It has ! They are questioning their strategies and their understanding of the market - some are still just blindly doubling down which could be VERY painful
im reading a lot of stuff about banks looking at monetary easing , can you explain what that is exactly and what it does to the economy and NUGT/DUST
We might be testing $43 area if it continue to arise tomorrow or it would dip and wait for another cycle.
Gold would stay flat or down. This is running out steam, if it is up tomorrow, it would be miracle.
Not being terribly familiar with the way this is structured (sometimes there are complicated futures formulas and such), I was wondering the same thing.
It's odd how gold the commodity can be virtually flat for two trading days and yet NUGT is up over 40%.
Can you spell B U B B L E ?
That NUGT did a reverse-split going from sub-$3 last week and then after being in the $30 range is now something that funds can buy (since they avoid equities below $3). An article today brought in late-comers.
The rest of this week should be interesting. How high can NUGT go when gold the commodity remains flat? I know it follows the interest in gold mining stocks. So, right now the movement and speculation is exaggerated on the upside. We'll see how long it takes to keep this momentum. Reality may kick in by the end of the week.
Sentiment: Strong Sell
True but Friday was encouraging closing out 23-24% up. Hopefully we can get a nice close up 15% for the day. 2 days like this might stoke some fear in the shorts.
Hopefully we close with the same vigor as Friday. Only pause for concern is JNUG is not performing as well as the NUGT!!