Must be time to buy!! (short term trade). I bought at end of day today.... And I see nothing but negativity & outlandish end of the world type of mania claims here, so it must be time to buy NUGT here in 9 area. If it rebounds to simply the current 9 day average, it will go up over 75%!! That is how oversold NUGT is... never seen this before!! ....At a minimum, it is reasonable to expect a rally for 20%+ on a day trade soon in a couple days from these $9 levels--- regardless of overall outlook on gold or miners. The Street knows the gold miners are the most oversold sector out there. Look for a huge bear market reversal soon to upside
2 points you are missing: NUGT & Gold never seen this kind of an over reaction sell off-- it is historic, so if ever it would go up huge from lows for reversal up, then now would be right for those conditions such as +75% possibility to 20 its 9 day avg. Next for 2 examples of when NUGT was oversold (but not this oversold as today), in July 2012 NUGT was @ 39 area, then trended to 97 in Sept 2012 for 140% gain... & also in May-June 2012 it had a 2 week run for 84% gain from 39 approx to 72!!! Maybe you are not capable of looking at charts history??