Direxion Daily Gold Miners Index Bull 2XSharesArca
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Gold has soared and broken downside consolidation & resistance based on what will eventually be a double cut (ECB/Fed) cut in September contingent on an extreme escalation in the USA-China trade war.
I will refrain from going into too much detail for my reasons and the specifics to avoid redundancy. Please check my numerous and incredibly accurate predictions on Gold in my profile.
My Monday target is 44.91 as a conservative value which represents a further 10.96% increase from Friday. A potential (but not for certain) target will be 47.38.
The race to the bottom for currency is on. Long Gold/Silver in a big way.
I would keep both. At this point nothing can beat JNUG/NUGT ROE. Sure you might lose some money in the short-term depending on your entry, but in the next 1-2 years they will be surging astronomically. I am long in both. a 50-50 split or a 40-60 (NUGT:JNUG) is ideal.
In this gold bull run the juniors will surge, but are also inherently more volatile. I see a need for both of them in your portfolio.