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JNUG trade ideas

$JNUG - Quantitative Easing | 1-Year Low | Long on BricksThe government is printing money like it is going out of style right now. The US National debt is almost at 28 TRILLION, which is roughly 128% of our GDP!!! If this does not alarm you I don't know what will. Do you hear any plans to fix this or just hear more plans to spend more money? This problem started when we went away from the gold standard in 1973, at this point the dollar was backed by? NOTHING aka the Fed, who can just print as much as they want. Seriously how is there not a limit to money printing? The value of the USD is now near 5-year lows. It is for all these reasons that I am a huge Crypto/BTC enthusiast - you can't just print more, there is a finite amount. No one governs it, it is more easily broken down into small quantities, the list of things you can buy is growing, no one person or company controls it, and you know transactions can't be tampered with or changed. We are here to talk $JNUG right? LOL. To me, BTC is the new gold, but that does not mean Gold is going anywhere, they will coexist. The last time I traded $JNUG was March 2020 and I experienced exponential gains, this won't be that dramatic, but we have a great opportunity in front of us. JNUG provides geared exposure (2x) to the Market Vectors Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. Technical Analysis - Strong Resistance @$94 - We can't break $88 or we break the uptrend and we need to re-do our TA. - Options or share entry @$94-$96 - Price Target #1: $112 (Strong Resistance) - Price Target #2: $131 (Weak Resistance) - Price Target #3: $154 (Strong Resistance) - Price Target #4: $190 (1-Year High)
AMEX:JNUGLong
by ObiWanJacoby93
4
BUY $JNUG - NRPicks Ene 10Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares is an exchange traded fund launched by Direxion Investments. It invests through derivatives and through other funds in stocks of companies operating across materials, metals and mining, gold, silver sectors. The fund seeks to track 2x the daily performance of the MVIS Global Junior Gold Miners Index. Technical: Support in Fib retracement 0.236 ($117.00) Support in 200 MA vs 50 MA Elliot Impulse Wave (5) Accumulation Zone
AMEX:JNUGLong
by NewroadTrader
LONG Gold Miners on Consolidation Breakout & Close on D1Long all four names on pullback/retest just above consolidation breakout zone on continued earnings flow & dividend increases sector-wide. Initial stop below most recent swing low below the breakout zone. Hold long position through further price markup into monthly R2 pivot resistance line, at which point reduce exposure by 1/3 just below monthly R2 level and bring stop to above break-even average cost-basis price, targeting December 2020 monthly pivot point R2 zone. Not advice but does appear to be higher probability setup as the Gold Miner should continue to print big revenues & earnings into early next year. Keep eye on NUGT & JNUG as they are 2x levered to the GDX & GDXJ respectively. Not for faint of heart, but is attractive nonetheless; however, only with proper rigorous risk-management by experienced trader should these even be considered. The safer (non-levered) play here (in my humble, non-expert view) would be the SGDM & SDGJ, as they are not levered ETFs.
AMEX:JNUGLong
by AlphaBeta
1