Tuesday, June 21, 2011

Miners Trading System

So far so good, if you took system 1's signal from last night you should have about a 5% gain in NUGT today thus far. I feel pretty confident system 2 will give a signal to go long NUGT tonight.

In either case, as I explained last night, both systems are outperforming 99% of the hedge funds out there so if you didn't take last night's signal, I don't think you are missing out on too much. System 2 actually performs better then system 1 and these trades tend to last a couple of weeks so if we get a signal on system 2 tonight and you didn't already enter NUGT, it's likely this is just the start of the move.

I like the fact that volume increased today on NUGT.

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