Awesome Run and Congrats to those who held...but here's what's coming..
Super run up no doubt, also lucky enought to bet on FB at 18.65 and I will never sell under 50. Basically Gold sub 1700 is critical but to break the 1660 level will be very difficult to do, in my opinion. I will be buying and going long on NUGT very soon, hope to get shares under 14....there are two reasons for this......1) Another Bailout in Europe of some kind will push gold higher to end of year and 2) the Bull channel for gold is still intect and ready to explode. Most importantly NUGT just completed a Goldon Cross and upside should be explosive once it takes off thru 15.00.....;......I finally have my thumb on the gold bugs, just have to watch what dollar does.
Now selling NUGT later today, perhaps tomorrow and looking to enter DUST again. I'm looking for the US dollar to turn and gold to chase $1725 then crater. It could shoot to 1750 but I doubt it. Reason being is the greenback....would love to get dust under 24.....cheers.
I agree about all of the problems but these are a few of my concerns.1 Jim Rogers was on are Canadian bus. channel a week ago and said that He is shorting everyting except agriculture. 2 TD SECURITIES sent out a letter to clients saying they thought gold could correct to 1600 to 1650. 3. I heard that if Romney wins then He will appoint a new federal reserve chief and that may be the end of Q.E. I have read so many articles written by gold bugs and they always say buy.Iam fed up with gold, it is a lot like having a crazy cousin.I may go to nugt but I may just jump off a cliff instead.GL