This is what I do keeping in mind that entry and exit levels have to be adjusted up as we are on a long term gold escalator. Very predictable.
Ha ha! Like the folks on this board think gold and the miner that track it are going DOWN over the next 3-6 months? You've got to be kidding....oh. You are. Sorry. I missed the joke.
And it's indexed to MINERS, not gold. Just please be clear on how NUGT works.before you get the wrong idea. Huge upside potential but very volatile. Class is over.
It's a fund. Get it?
Good thing NUGT isn't a gold stock. We are in an historic period of long term world wide change and uncertainty, not just a stock market crash. Suit yourself.
Long term NUGT is the place to be as the EU unravels and the world economy starts to feel the pinch. IMF says it's fragile as is. What about all those Gulf countries and China holding GBP in their baskets?! What about the fragile emerging economies? Repercussion will be big and long term. Dollar will be OK but a new trend toward global slowdown has begun.
Gold flew to $1360 over night and pulled back to $1320. Now at 4 AM ET US futures down 480. Sure to bungee NUGT up for a while but I think it will settle solidly at about 120 over the next 2-3 week. What do you think?
Let's all mark easytrader's words on this and remind him of what he said next Monday morning. We're on to you easy.
"Everything" is a lot of thing. It will bounce back to where it was before Brexit speculation, widely straddling 100 up and down. Same old same old. And why are you so concerned with my welfare pleading "please?" You don't want me to get hurt that badly? Don't worry about me. Thanks for caring.....for yourself.
Your problem is the 10 year time frame you're applying. Who is going to hold NUGT for 10 years? This is a very short term quick hit options play or a one-two-year long depending. Go back 18 months and they track just fine. Maybe someone who knows the history of gold mining securities can explain the "then and now" 2006-2016. I'm satisfied with the current correlation patterns for my purposes.
I agree with your conclusion but your rationale is weak. The Middle East and US intervention there has been a mess at least since Saddam was removed. Nothing new here.
This does sound good but needs validation. Let's see what Yellen and the others do. Lone wolf?
Dead MP = no Brexit after all. She was a beloved Remainer killed by a Brexite. Halts campaigning and tips the scales. Oh darn! Terrorists win again!
Yeah. Right. Sure as it drops, it will spike again. My but you have a short memory. NUGT is a decent long hold unless you can't take the swings. Short players welcome in the interim. Have fun all.
My sentiments exactly. If you have the time and energy to focus on NUGT day in and day out, I guess you can time your strikes, straddles, dips and peaks and come up with big $$$ quickly. the remarkable volatility certainly provides an opportunity to do so. But I have a life. I am too busy living it with plenty of other things to do than hover around my computer all day. So long I am, and very relaxed about it knowing that gold will be rising on its own without my fretting about it. No need to push the river...it flows on its own. Like Rip Van Winkle, I think I'll take a snooze. Wake me around December. Relax and enjoy. No luck needed.