Gold miners continued to collapse as gold continued to sell. Investors are running for the hills, I am stepping up and buying heavily. I just bought a large chunk of 
NUGT (3x Long ETF Gold Miners). Why? Because there was a master support level tagged today on the 
GDX (Gold Miner ETF) at $22.75. There will be a large bounce off this price point, most likely coinciding with the Non Farm Payrolls Report tomorrow morning at 8:30am ET. I plan to hold this for a few days and sell into a pop. Minimally I am looking for about 10% profit in just days.
NUGT (3x Long ETF Gold Miners). Why? Because there was a master support level tagged today on the GDX (Gold Miner ETF) at $22.75. There will be a large bounce off this price point, most likely coinciding with the Non Farm Payrolls Report tomorrow morning at 8:30am ET. I plan to hold this for a few days and sell into a pop. Minimally I am looking for about 10% profit in just days.Note
BOOOOM! I exited my NUGT for +13% verified profit on a one day swing: verifiedinvesting.com/JennyRebekka . You have to love great trades like that!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.