iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Morning Analysis from chess-Faber-Fleck-Schiff-n-Wine

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Good Lord. I have turned into a gold bug.

Still long NUGT inside 12631 from $41.83.

NUGT has now hit its upper Bollinger Band on the daily chart, though. So, as i wrote last week, the hard part is going to be when to add back to the position. Nonetheless, an aggressive add is what I am looking to do, in some way shape or form.

I still think the miners could have easily put in a major double-bottom here. See my analysis here.

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NUGT

 

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14 comments

  1. StockCats

    Nice call Chess! percentage-wise it’s already a huge move.

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  2. lplongo

    You had me at chess-Faber-Fleck-Schiff-n-Wine

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  3. Chalan

    Hello Chess.

    NUGT has a clear void or blue sky on its daily chart as shown by your chart.
    And the momentum, Me thinks at beast it forms a tight base and keeps going higher at worse it keeps going higher frustrating the wanna be longs waiting for a decent pullback.

    The markets overall seem topping out today in a much needed pullback.

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  4. RaginCajun

    you smoked the $NUGT

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  5. Raul3

    lol nice

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  6. Sooz

    Perfecto, Chess!

    *Faber is one very intriguing guy

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