as inflation rises and interest rates may not rise comparably, there is, apart from the averall stock market, one who benefits from the process of dispossession: Gold. 2017 could be the year that lifts Gold and other commodities tremendous.
I see a good chance for NUGT to break down through that recent uptrendline, squeezing traders out just to turn then back up into new local highs. I would most certainly be a buyer in the low 9.xx area
I see a good chance for NUGT to break down through that recent uptrendline, squeezing traders out just to turn then back up into new local highs. I would most certainly be a buyer in the low 9.xx area
Trade closed manually:
I went long NUGT and closed my position with a small gain today as Gold was reversing too strongly. Keep NUGT on watch
