Here's your answer: Welcome to Wall Street where day traders lose 99% of the time. It's a scam man, wake up. You can't win even when you make all the right decisions. They got ya by the you know what each and every time they see your trade.
Oil was also up in the morning when GDX and NUGT were up so your theory makes no sense. The scammers went to work and pulled the gold ETF's down and took your money and mine when it looked like being in gold was a sure play today. Final thoughts: Your better off trying to win at the casino.
Oil was up in the morning when GDX and NUGT were both up as well but the scammers went to work and GDX and NUGT fell through the day for no reason so your theory has no basis.If you have been successful and I actually am still up for the year myself, you will lose your behind if you continue to try to trade these because of days like today when the scammers go against all logic and wait for you to load up on what appears to be the logical play.
For those of you that are thinking that you can buy and short gold through GDX, NUGT, DUST, and others and make money, today was your wake up call. There is no explanation and no reasons just more scamming going on. If Nugt was a true ETF following gold like they advertise, it should have been up over 10% not down 13%. Hats off to the scammers, they got us again but no more. I have pulled everything out of the market as there are no reasons, just more scamming.
Gold was up today too but GDX and NUGT down so what difference does it make since scammers are in charge. Gold could be up 20% and this could still be down.
Good question. Based on the gold index, it should have fallen significantly this afternoon, yet NUGT closed way up. I do not get it.