Browse Symbol Stacks: NUGT: NUGT 2 hour 8.15.png

NUGT 2 hour 8.15.png

Just a follow up from the same chart I posted on 7/23. My first option of a retest of the previous low developed rather than a sideways correction. Now we have had or are having the next wave up which I suggested would be strong. Personally I closed out my position in NUGT today as a gap in the “parent” stock GDX was closed and because of some short term indicators I look at suggest there may be some correction. But my closing out will likely lead to a huge advance. Best of luck. Tom

Comments

yazzeryazzer
nice - I don't so the 3x leveraged ETFs for reasons of keeping my sanity...but will do the 1x GLD and SLV....dipping my toe into some SLV today....may be chasing but, with strength today, this could indicate a nice gap up tomorrow...time will tell. 8/15/13
BIGOLDEDBIGOLDED
Nice chart, thanks( : 8/15/13
TombTomb
Appreciate the feedback. T 8/15/13
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