SHORT GOLD! BUY INVERSE ETFSGold is extended. period
we are due for a pullback.
either short gold, or BUY reverse ETFS.
Manage risk accordingly!
Key facts today
Key stats
About Bank Of Montreal MicroSectors Gold 3X Leveraged ETNs due January 29, 2043
Expense ratio
0.95%
Home page
Inception date
Feb 21, 2023
SHNY is an exchange-traded note, a debt obligation of the Bank of Montreal, which provides 3x daily leveraged exposure to the performance of SPDR Gold Shares Trust, with which trades under the ticker GLD. As such, SHNY is not a buy-and-hold product and is best designed for short-term tactical trading purposes only. Returns can vary significantly from 3x exposure to shares of GLD if held for longer than a day. SHNYs underlying fund is the first ETF to invest directly in physical gold. NAV for the underlying fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), which results in an extremely close relationship with spot prices. As a debt obligation, investors are exposed to the credit risk of the bank.
Comparing the new SPYU to UPRO and SPXLI am not sure if anyone else noticed, because quite frankly I completely missed it, but there is a new leveraged share on the block that aims to track the S&P 500 ( SP:SPX ). That ticker is $SPYU.
Now this isn’t a conventional leveraged share. Most leveraged shares are between 2 x to 3 x max. Howev
GDXD 1M Twirl That Cash For Gold SignGold is no haven...not at least as far as I can see.
It is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. Are you looking for something to buy ho
Short term play idea: FNGD on the 4H ChartI'm entering a long position in FNGD today at market open using 60% of my equity.
Why:
RSI momentum positive.
RSI about to cross 55. I consider he path between 55 and 70 an ideal long.
FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss:
4%
Will move up manually is it
Bullish short GDXD :DLet go! It looks like we are soft landing and the gold and silver bugs are gonna feel it.
FNGU - MicroSectors FANG Index 3x ETN 1/8/2023DPO 62 being used with chart TA above the 0 and below the 0 line. No Options on MaxPain maximum-pain.com Must trade this as cash.
FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt
I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51
Take Profits at $10.17 and $10.51
Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will che
Quick Flipjust bought hopefully towards the bottom of this over sold move and will be selling between 147-157.69
that should be a quick 20% build off of the 20% made on FNGD
That may be my last trade. Possibly go into FNGD again at the top but may be looking for a VIX play to go off volitivity
GDXU - It's time for a pull backWave i was strong enough to break the resistance line only to fall back to ii. It looks like a false breakout but it's right on plan. Look for a pullback to the 24 range.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.