PICO the reason why i choose to move some $$ into KGC is the fundies looked fine, its highly traded so its easy to get in and out, its really really down due to some negitive reports but it still has 19 anayalst following it with a average price of 18.88 while its not 100% gold as it also mines silver and copper it still follows NUGT and SPOT gold close enought to be able to play with the moves in gold.
so all in all it looked like a intresing play , heck NUGT is a 3x fund so its not like we are investing for the long term we are playing when we trade 3x funds.
2 days ago my attitued with NUGT really got soured when gold was up 22 and NUGT was down. Now the big play in gold is pretty much over as gold maynot go up much from here. So NUGT might be dead in the water for now, hence KGC, I did keep a 2% postion in it just to catch a rebound and try and off set my losses.
But thats what one can expect from a 3x fund now, and that is why you can only put a little play money in it as you have to accept that it may be gone.
I agree. The other aspect which may play a part in allthis is that a larger palyer may sell some to run it down and scre out the weak handsso they can pick up stuff cheaper. After all this is rather lightly traded and as a tripple it doesn't take a lot to move the sucker.