zSplit
Long

JNUG: Tip-Toeing to 350 by 2020; Over 600 by Q4 2020

AMEX:JNUG   DIREXION SHARES ETF TRUST JUNIOR GOLD MINERS INDEX BULL 3X SHARES
For many reasons I have explained clearly in my several Gold posts, Gold is expected to soar through Q4 2019 and well into 2020 and possibly 2021 as well. As we gear up for a long and long awaited bull run for Gold as a result of a strong 6 year base of an almost nothing-burger in Gold , be prepared!

One thing that is important, is that Gold will inevitably rise, but there will always be retracements. Before we get to 1500, the retracements will be stronger than once we top 1500. However, it is important not to make any major sell moves unless the movement lingers for at-least two trading sessions; never panic sell.

I expect JNUG to reach 350 no later than January 1 2020. Of course, not in a straight line as depicted, but as close to one as physically possible.
I also expect JNUG to reach 600 and beyond before 2021.

Any entry on JNUG below 90.00 is not just excellent long position - its an epic one. Don't miss the boat - buy now and hold!

- zSplit
Comment: This week (August 5 to August 9) will be the last week to purchase JNUG for 89.00 or less.

Buy & Stay long.
Perhaps this is the case, but it looks like it needs a retrace first.
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zSplit Keindinsky
@Keindinsky, Theoretically, perhaps. Technically, no. This entire Gold bull run which I called 3-4 months ago (which I am predicting to ramp up from late 2019 through 2022-2023 and probably last for most of the next half decade depending how bad the currency devaluation gets) could be overbought. Sounds unrealistic but most historic bull runs are overbought. Retracements? Of course. Doesn't need to plummet 20% though.
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agree
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