We have a little more of a base for GDX/NUGT and GLD as well, I tend to favor GDX although it doesn't make a lot of sense to me, the signals just look better especially in NUGT long or DUST short.
I'll probably look in to either GDX calls (Dec. 24) or a NUGT long TRADING POSITION and very short at that.
I think the potential "noise" is still high probability and all of these assets have more pullback to go, but very short term I think it is a little easier to go long NUGT or GDX calls, it's still aggressive and still very speculative, but now at a position that it is worth a shot for me as it wasn't yesterday or before.
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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