NUGT Daily: No discernible uptrend yet. All indicators continue to rise as does the stock. We've had a 9/20 bullish cross as the first phase of a fresh 'buy' signal and a second phase 'buy' signal when NUGT closed above the high from the 10th, which was when we had a bullish cross of the DI lines. The third phase 'buy' signal will come when the ADX crosses up through the falling -DI line. Based on what's happening in the gold futures market, this ADX cross should happen on Tuesday. Once the ADX has its bullish cross, then there should be some kind of obvious and discernible rising trend for NUGT. Right now it's moving higher but there doesn't appear any trend yet visible. Hopefully this will happen in the coming week.
I added 25 more shares of JNUG to my existing 25 and did this on the 14th at 20$. I tried to add 25 more shares of NUGT on the same day but my order did not get filled. NUGT came within 2-3 cents and I was certain I'd get the fill so I went about my business and when I checked later, no fill. So I will add the next 25 sometime in the week ahead.
The money that is moving into gold is coming from some other asset class or asset classes. I have absolutely no idea which.
