I like the fact it isn't tracking gold tick for tick. The tell was last week when gold was tanking sub 1200 and NUGT was breaking out to the upside. Miners are woefully oversold. Between ALOT of short covering and money managers preparing for the 2nd half upside potential in the miners NUGT could easily double in a very short time from these levels. In @ $4.65 and not planning a single share yet. Still way too early in this recovery.