A GDX close today around $23.70 would represent a 50% retracement of the move from recent low to subsequent high (and on lowish vol.) I think I'll see what happens at the open tomorrow with an eye toward buying more NUGT.
You got alot of guts. I'm not playing any short-term swings, however expecting some sort of financial shock, in the next 3-4 months, to cause a rush into the $-mostly likely will take commodities down. Depending on policy responses, then I'll be a buyer.
I might be foolhardy but I have some paper profits from buy at $4.70 that will give me a little cushion if I double down. Barring extraordinary events it looks to me like NUGT could go to $8, but as always, WDIK? We'll see. UGAZ doing OK for now. Trying to be nimble, not prescient.