AMEX:JNUG   DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES
Entering JNUG             now and holding to around 16.5 - 17.0. Jnug             has reached support trendline .
Pretty good predictions, and it continued to follow the channel down to current levels. What do you think next, dropping lower or will it break upward?
Balas
@huston4, Haven't taken a look at it because I've been seeing some good opportunities on ngas. Overall I bullish on Gold so I think jnug should also rise
Balas
Because this derivative is backed by movements in the price of gold, what do you see happening macroeconomically that will cause the price of gold to increase at such a pace as you're portraying in your chart? Granted it's at $1268 right now, I just don't see too much confidence in the price of gold at that level versus what the market is doing.
Balas
@bnaryle, Gold is in a downtrend but is due for retracement, similarly jnug is also retracing. I believe Gold should touch 1276 and jnug can increase simlarly.
Balas
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