Well, let’s just say we got a low risk entry setting up here with many of the Gold & Silver miners. Looking at the $GLD, the Gold Trust, has found support the last few days at $125. Should we see strength in the metals here, I like the idea of getting long $JNUG or $NUGT, so long as gold can hold support.
With the market a bit dicey here, I feel comfortable with this trade. Let’s see if buyers show up in the morning:
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Here’s a weekly timeframe of the precious metal, via $GLD:
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And, the monthly timeframe:
If iBC didn’t have bad luck, they’d have no luck at all.