Miners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this...
One of them is he ongoing conflict in Ukraine, tensions between the United States and China, and other geopolitical events create a sense of uncertainty that could drive investors to seek refuge in gold as a safe haven asset.
the second reason is gold will go up no matter what ! its just searching for an excuse to go up. it is built to go while fiat value has to...
They're all the same sort of asset, but their eccentricities is what distinguishes their beta value.
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JNUG levered juniors 5 wave C completion into time and price target zone . Time to lever up and go for the gusto guys . No more screwin around . Put the fear on the back burner .
"The safest time to enter a market is on the first reaction against a new trend" W.D.Gann
Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components
of miners that have the most to benefit from rising. On the daily chart, price dropped from
a winter pivot high with a head and shoulders pattern into a trend down with a bounce off
the lows in early March followed by a YTD pivot high in mid April followed by a trend...
As shown in the chart the current price reach to supporting level price in a channel up pattern.
the first resistance level can be in 39.75$ and second resistance level can be around 47.8$
On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.
A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.
I see the potential for a significant gain of the ETF and its call options over about six months.
See also my idea on XAUUSD / Spot Gold for a more...
As shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated...
I think with all the turmoil gold is the safest bet. typically gold sky rockets in times of war. We are floating somewhere close to fair value. JNUG typically is hard to trade because they will do stock splits and the price changes. I remember Jnug was at 6$ just a few years ago. So just remember the price of this stock means nothing. essentially if you trading...
AMEX:JNUG
This chart analysis would serve as a guide to a swing trader or investor
seeking or continuing trades in the 3x gold EFTs JNUG and JDST.
Bu setting up the ratio between the two over time, pivot points
can serve as a reference to buy one and sell the other or initial
position.
The chart shows the JNUG price for May 2022, April 2021 and August...
All i can say is keep adding to position gold os going to go well over $2k in the years to come and here we can go long at the 100ma trendline. BTC is not the same leverage as gold don't listen to that please. Kingdoms were built off gold if things go sour we got us a real deal commodity again.
Me personally would keep adding to position on these dips and playing credit spreads to add to position on the downside right now it's noticeably clear the market is reacting daily and will continue to see gold rise in general. Also bitcoin is not a subtle antic to use like gold or silver so all those post about BTC or Gold are kinda foolsih...
Been on this like a hawk past month or so kept holding above trend and we got a huge breakout, looking for a small retest to the current green level and then a bigger breakout. Target is looking to be a $102 or so ;).... I would stay bullish on oil and gold and continually add to these dips gold seems like it's going to be back in the game till about 2026.
JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however,...
I suggest adding all the gold dips you can, alexander Karp went all in on the actual source lol buying tons of reserve for pltr and well hes a very smart man who sits at several trading table like air bnb and makes decisions for a lot of company's behind the scenes. gold is going to retrace all-time highs and surpass it by 2023.
