"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.
nice...i even dont know how to use it :D
every time gold goes up by a lot you buy NUGT the next day
Almost seems too good to be true. Great analysis!
Thanks, but JR really pointed me in the right direction. I need to correct what I said in the description. It will be a reverse split in April and not a split.
I took a second look at this in the am using another charting software to confirm the chart. The The chart did not confirm. Seems this one is too good to be true . Sorry gentlemen but a bad chart. I believe having gold on top ( a 24hr commodity) is throwing the data out of sequence on the dates. Here is another look with NUGT on top. The divergence is gone and so is the bounce.
Thanks JR but you get the credit. I look forward to playing it. Thank You!
I'll play this as well
Lagging Bounce. Nice find
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