AMEX:NUGT   DIREXION DAILY GOLD MINERS INDEX BULL 3X SHARES
258 7 4
Waiting on a bounce up in Gold             . Please bare in mind that NUGT/JNUG are extremely volatile to trade but money makers nevertheless - trade at your own risk!
Comment: Note: Ignore the time stamp on my price projection. The bounce up should only last a few days before the downtrend in Gold resumes.
I like chart!
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Nightstar Swing_Trader
Thx KingTrader! I'll definitely be keeping an eye on it next week when the US dollar tops momentarily and Gold finds a DCL.
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Swing_Trader Nightstar
what are you thinking now is nugt a short?
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Nightstar Swing_Trader
It's very tempting but I take my cues from Gold when I trade the Miners and I'm not convinced that Gold is gonna drop from here right away.. so I would advise caution shorting against a brand new Bull, especially after Friday's price action.
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Swing_Trader Nightstar
DXY a long
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Nightstar Swing_Trader
My intraday charts aren't looking very positive at the moment. The Dollar could continue to drop into the FOMC meeting...
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Swing_Trader Nightstar
okay thank you.
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