Miners are alway's last,? is costs. Miner's have turned the corner on the bottom line, across the board. NUGT is the way to catch up late on the gold run. Plenty of buyers of miners & ETF's,NUGT will be found quickly as a leverage play. It is a newbie that not many know of,for now.
I have been waiting also....I think yesterday might have been the best opportunity to get in.....I will be a buyer today.....As long as the opportunity is there.......
with this gold and silver price continuing to rise it will be impossible for the market to continue ignoring Minco`s(symbol MGH) awesome portfolio of mining properties...producing or non producing...IMHHO
check it out and do your own DD
Mant analysts belive gold miners have not kept pace with price of gold.
the high price will help companies margins driving prices higher, right now, they are undervalued.
From observing the last six months, NUGT is tied to both gold and to the stock market, depending on the period observed. Until the end of June, it went down when the S&P 500 and gold (GLD) went down. From early July until mid-September, it generally went higher with GLD. When the S&P crashed again in September, the gold stocks went down together with S&P. Gold also went down from $1900 to $1600, but it was not as strongly affected by the crash. (I refuse to call this a 'correction' -- broker double-talk) Several times gold actually rose, when the S&P fell.
What to make of this? There seem to be some strong buyers, whenever gold drops to about $1600 -- probably the Chinese and Indians, as well as others who suspect currency devaluations in the near future. The dollar is strong now, but for how much longer? Until Bernanke slips in another "money-printing" QE avalanche? That would probably cause a rise in gold, and also in gold stocks, even if the regular stocks stay in the gutter.