With Fed reserve saying "no more rate hikes this year", and wages increasing, unemployment dropping, what does this lead to? Inflation.
Going long JNUG here (small caps seem to be performing better as of late over large caps). Also note the MACD crossover over the 0-line, and fast line moving over the slow line.
Let's see what happens over the next week or two.
Going long JNUG here (small caps seem to be performing better as of late over large caps). Also note the MACD crossover over the 0-line, and fast line moving over the slow line.
Let's see what happens over the next week or two.
Trade closed manually:
Actually I closed my position. Price of gold is at top of "head and shoulders" pattern (left shoulder happened end of Jan at $1225/oz roughly). Gold is now at $1223 / oz.
I'm playing it safe and got out (I've been burned by holding too long in the past -- but I've also been burned by selling too soon).
If gold > 1235 level, AND GDXJ > $34.00 or so,then I'll step into JNUG/NUGT again.
I'm playing it safe and got out (I've been burned by holding too long in the past -- but I've also been burned by selling too soon).
If gold > 1235 level, AND GDXJ > $34.00 or so,then I'll step into JNUG/NUGT again.
I'm taking some profits (selling half) and see what happens with price action.