about to complet this bull pattern for another leg rup up .. keep holding long or buy positions now in all this area
Looking at the breakdown of the top 3 holdings $NEM $GOLD $FNV and the rounded bottom here on NUGT we might have a nice move to the upside with the seasonality of the gold sector and the Gold futures hitting breakout highs. We will see if we hold the highs this week on the Gold Futures
Miners have yet to catch up to XAUUSD, It looks like Gold at $1620 will happen within the next month. I estimate that would take NUGT to ~$54.
I'm looking for gold to pullback one more time before launch, Great point to short currently. Will start buying near spring. Short now, buy @22.9
NUGT has traded to the top of the uptrend channel on a very strong day for gold. I'm not going to get too excited yet but this is starting to look like a change in character. Miners sold off for three months and have been working on a base over the last month. Hang on this is going to be one heck of a ride! 2020 the year if the metals!
The gold miners' ETF is testing its downward trend line again today, and may be in the process of making a rounding bottom. Buy low in the crescent or watch for a bullish trend line break. Gold has been showing some strength due to Fed policies and dollar weakness. It could break out upward on news of either significant market weakness or a breakdown in the US dollar.
The ascending triangle in the gold price displayed here: Has produced the consolidation wedge displayed in the green triangle pattern above in $NUGT. A return to the recent highs will likely send $NUGT back into the $36 to $38 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the...
Tested smaller FIBs yesterday morning and today. Larger FIB holding. MACD and RSI looking promising. I think gold and miners ready for a little rally. Fed decision and probable future language regarding wait and see on further cuts already baked in. There will be some volatility but my bias is up for now.
Sitting at its 200 day line and an important breakout area. I see this going higher. AAPL analysts raising targets to $280, market at all time highs, and a belief that the Fed may stop easing because all is well, just seems too good to be true in light of all the issues cropping up in other areas. Brexit and China "deals'" saved the market once again. Both...
Pretty messy DW but I like it for a long selling premium on it, sold 25 puts, bought 20 puts for a bull put spread. 163 credit received, 37 days out
BUYING RIGHT NOW LIKE JNUG IN THIS LEVELS THIS BULL 3X GOLD ETF , SOON THIS BULL FLAG WILL BREAK AND BOOM
This name looks like it came back to an important breakout area. We don't buy bottoms but this is probably a good place to start building or adding.
NUGT is in a wedge formation and looks ready to break to the upside on the open. If gold shows weakness overnight, it bounces off overhead resistance and looks to test 28 one more time.