JNUG: Finishing Wedge; Still Eyeing 125+ before April
Around Christmas time I made two bold predictions: JNUG and USLV would be sharply higher by April (or before) and my prediction still remains.
It appears both Gold and Silver have held support and are mirroring the move from this past Summer where both failed a break-out, maintained support, consolidated, and are now grinding higher slowly before a large impending rally. The Pre-Fed breakdown and latest breakdowns are nothing more than manipulators stopping out retail investors for liquidity. In reality these are all buying opportunities rather than shorting opportunities.
Compounded over the next 5 years (from 2019-2024 averaged out), Gold and Silver stocks will be by far the best performing stocks in the market.
Both Gold and Silver will continue to grind higher and I expect the rally to start anytime in February. In terms of JNUG, it appears it is 'finishing up' its wedge and can break-out to the upside at any time.
- zSplit
It appears both Gold and Silver have held support and are mirroring the move from this past Summer where both failed a break-out, maintained support, consolidated, and are now grinding higher slowly before a large impending rally. The Pre-Fed breakdown and latest breakdowns are nothing more than manipulators stopping out retail investors for liquidity. In reality these are all buying opportunities rather than shorting opportunities.
Compounded over the next 5 years (from 2019-2024 averaged out), Gold and Silver stocks will be by far the best performing stocks in the market.
Both Gold and Silver will continue to grind higher and I expect the rally to start anytime in February. In terms of JNUG, it appears it is 'finishing up' its wedge and can break-out to the upside at any time.
- zSplit
Related Ideas
