that's like trying to guess when the right day to buy a stack of scratch off lottery tickets trader537, that is unless you think you can outsmart wall street's think tanks and crooks . good luck with that
keep in mind there is no need for gold we have mined enough for 300 years, expect and endless game of new low till BK
are you taking into to consideration tht there is absolutely no need to mine gold for another 300 years ? Millennials dont see it as an investment and the jewelry and electronics industry can be supplied with current stockpiles for 300 years
at the current rate of decay bothe Dust and Nugt should both be below $1.00 by 2019
there is definitely a need to get under a $1 for NUGT, there is no need for gold anymore as it is not cherished by millennials in any nation
miners can make EPS what ever they want by keeping multiple inventory pools that have vastly different mining costs. - Want to show a profit just sell gold from the low cost pool. want to hide profit just sell gold from unproductive mine subsidiaries.
now the number is 121, Oh and the bear fund should be getting interest on the cash generated by the short.
Gold is your grandfather hedge against whatever
everyone was yelling, " it's different this time "
when I posted on July 10 - proof you're getting scammed Dust x Nugt = 142.88
the product will be below 100 at the end of august because the fund keeps stealing from the sheep
I imagine most people have no idea the expense for margin and overnight insurance ( they are all insured in case the index they are derived from loses more than 33% AT any given open)
If you were paying no fees the product of Dust and Nugt should be about the same , In reality the product shrinks almost every week. Next Friday the product will be about 141 and then the next Friday it will be 139. eventually around the middle of 1018 the product will be about a dollar meaning If dust is $1.00 Nugt will also be about $1.00