littleriver

"Golden Nuggets", a look at NUGT and the underlying commodity.

COMEX:GC1!   GOLD FUTURES
353 8 2
This chart is comparison of gold             and the ETF NUGT             . I would like to thank JR again for pointing this play out. I went back and compared the last bull run in gold             . I have highlighted many of the big green candle days in gold             and the corresponding day in NUGT             . What i thought was intriguing is the bounce in NUGT             often did not occur until the following day. Infact, it was down many of the green candle days in gold             . The great thing about this is it allows investors the opportunity to take little or no risk while reaping all the rewards. As I understand it, this is a leveraged ETF and will be having a 5 for 1 split on April 1. When that bull run in gold             occurs, this looks to be an investor friendly play.
Lagging Bounce. Nice find
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littleriver
3 years ago
Thanks JR but you get the credit. I look forward to playing it. Thank You!
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QuantitativeExhaustion PRO littleriver
3 years ago
I'll play this as well
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Fiboholic
3 years ago
nice...i even dont know how to use it :D
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QuantitativeExhaustion PRO Fiboholic
3 years ago
every time gold goes up by a lot you buy NUGT the next day
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