I'd say there's a very high probability of a pullback very soon in GDX and NUGT, I think that extends to GLD and likely SLV, I've decided to take about half off the table in NUGT, it's all of the gains and then some, but I'll leave half in position.
I feel the highest probability near term is for a pullback toward the 10-day moving average where I'd want to add the shares back.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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