Fed meeting next week....I would wait and see. Any hint at a rate increase will be a negative for gold and could cause a fall here. I've got a small position here with a tight stop....showed some volume and strength on friday coming off lows(JNUG was better)....could add next week or not....
Sounds like I'm on the same boat.....with today's volume, NUGT should have done better.
By the by, Nasdaq....how did you come up with a target of 5.55?
Curious day....recovered from lows with high volume and formed hammer.....I would be very careful here....
agree...hugh engulfing red bar on JDST yesterday...will sell my NUGT when JDST gets back to 10 or trailing stop loss gets hit.
Me too! I've got the same feeling....never selling my 50 shares....no matter what happens ever!
Sentiment: Strong Buy