Since I already have a GDX call position for shorter term momentum bursts, I'm looking for something that can withstand some draw down and still capture a larger trend so I've decided to open the NUGT (3x long Gold miners / GDX).
This is a trading position so it will be 1/2 the size of a core position.
I do like GDX options/ Calls here as well for later expiration, at least October if not longer.
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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