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NUGT trade ideas

Target for $NUGT at different $gold spot prices $GDX $NUGT $JNUGThe ascending triangle in the gold price displayed here: Has produced the consolidation wedge displayed in the green triangle pattern above in $NUGT. A return to the recent highs will likely send $NUGT back into the $36 to $38 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the inverse correlation with USD is now the primary driving force in the price of gold. Lower interest rates and (not QE ) QE are repricing the US dollar against major world currencies and gold:
AMEX:NUGTLong
by blloyd
NUGT - up or down?Sitting at its 200 day line and an important breakout area. I see this going higher. AAPL analysts raising targets to $280, market at all time highs, and a belief that the Fed may stop easing because all is well, just seems too good to be true in light of all the issues cropping up in other areas. Brexit and China "deals'" saved the market once again. Both NUGT and GDX are working on an 8 week downtrend line. Everybody wants the breakout on gold at $1365 to be the test area. Miners at an inflection point. Which way do we go?
AMEX:NUGTLong
by BobbySpa
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