Look for Nugt to do mass volume this week as new investors flood in and buy before we top $150 and move higher. Gold seems to be the only (play/investment) right now with potential to make big money on the UP side and the world stock markets trade down and oil goes sideways. And we all know U.S. economy is slowing so Gold has no where to go except UP.
First off you need to do your homework. Barrick has very little debt after company moves in 2015. Barrick probably is one of the best leveraged gold plays going forward. Kinross is rated a strong buy or buy from several analysts. Your junior minors you mentioned are really not followed by any analysts or talking heads. So the upside potential won't be as much as ABX, KGC, etc. I'll take a 5% to 10% jump higher any day versus a 2% jump with very low volume, To each his own but I buy and hold miners that have a solid track record and are followed by more then one analyst.
Should see a "complete wash out of Gold Short" this coming week as gold breaches $1300 an ounce and sets it sights on $1400 an by mid May.
and as if you didn't know - when China reports things are always 10 times worse - since the Chinese government lies about everything.
China’s purchasing managers index (PMI) for the manufacturing sector slowed to 50.1 in April, down from 50.2 in March
just as it did back in 2014. But by next Friday we should be $1400 an ounce and setting our sights on $1500 an ounce by end of May.
It's Deja Vu all over again - That said, it was certainly a contributing factor. The metal’s safe-haven appeal intensified Thursday when US President Barack Obama announced plans to deploy up to 300 military advisers over to Iraq “to help its struggling security forces fend off a wave of Sunni militants who have overrun large parts of the country,” as per The New York Times. Also pushing gold up, according to Money Morning, was the dollar’s fall to its lowest level in almost four weeks. That happened on the back of news out of the FOMC meeting, at which the Fed “suggested a more aggressive pace of interest rate increases starting next year,” but “lowered projections for the long-run target interest rate.” That, the news outlet states, means interest rates won’t rise in the near future, and, when they do, “will still sit at low levels.”
and we should break $20 on Monday as gold sets its sights for $1400 an ounce sometime in May. Never fight the FED especially when they just signaled no rate hike until late this year (if then).
as U.S. economy comes to a stand still as Yellen tells Fed Board "NO RATE HIKE THIS YEAR".