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Higher lows is all it is. Maybe should of gotten in when it was $.72 and now it's as high as $1.83 on the lower. But don't worry! Soon enough it'll climb.
Wow, an ouch to remember!!
Is that a good thing?
Climb them steps please!!
Funny thing is according to 236T568 daily written logs dating back to Oct 22 2014 it's steadily been climbing to a higher high.
Now that is definitely a good thing.
And why is that a good thing? Cause that's what good companies do.
But it is the topic of how this ETF works. NUGT will reverse split or forward split and right now it's in the wave of reversing because of the value. If the value was too high then it would forward. Simple as that. Never was off topic when all the discussion is on NUGT which follows GDX and it is also a 3x ETF which is why it moves so fast one way or the other. There's always decay especially when it's in a down turn but if you catch the wave up then decay doesn't matter.
What's not true? That it follows gold? It does deteriorate at a pace but it also depends of which side of the trade wave you're on. If gold is in a constant rip up so will GDX as will NUGT. If it's in a wave down then it's going to go down too with deterioration then you're gonna wanna be on DUST for that. So what's wrong with it?
Has everything to do with what is said, it will reverse split but it also forward splits like it did last year at $120 plus but as it did forward the price of gold went down as did GDX and NUGT. So after the reverse is done and gold goes up or down so will NUGT that follows GDX that follows gold
Reverse splits or forward splits have the same dollar value. NUGT follows GDX which follows gold so when gold goes up or down the two ETFs mentioned will go along 9 times out of 10. Gold will run up in the very near future as will GDX and NUGT. Watch and see.
Why yes it, it's always good when there isn't a loss. What goes up comes down then back up. That's all good
Absolutely, continued to roll
Oh my YIPI didn't lose anything today!!
Now that's a good thing
Is there a paint brush in use!!! GO YIPI!
Things are churning, I have no idea where this could end but it's definitely on the upswing and for longer term. I sure hope it can get to the double digits
Oh this must be a good thing
Banned
Why sure it could, its always a possibility and a strong one at that. Gold will retrace some and then take off. Then NUGT will follow the GDX upwards cause gold is going up. Also Trump wants the gold standard too so that makes gold go up and the fear is starting to set in. Then come June there won't be a rate hike causing gold to go up then GDX then NUGT to go up but then again go ahead and raise rates cause then gold will go down for a very very short time then sky rocket because now exports are too expensive and the products won't be bought causing our economy to go into a recession therefore causing gold to go up as then GDX goes up as well as NUGT. Either way you look at it $5 is not coming anytime soon cause we'll be in a recession. And why we will be in a recession is because every republican president that was elected goes into a recession in their first year of the presidency. Boy isn't that allot to take in but it's true. Just google it. Golds and gold ETFs are looking good.
Gold is all connected to the miners, gold goes up so does GDX as will NUGT and vice versa. Won't see $5 anytime soon as that won't happen with the reverse coming. At this point NUGT could be anywhere from $40 to $50 a share. Heck it'll probably take off from there cause now it's more inline with the assets causing NUGT to go up but definitely won't see $5 anytime soon.
If it were to go to $500 then that means the price was driven up by the market. The traders drive it up because that means gold went up substantially to hypothetically be that high therefore gold is connected to minors that are connected to GDX and NUGT.
It's early but gold is up nicely so let's hope NUGT follows
Right, gold connected to miners cause miners take the gold out to be sold therefore gold goes up or down as GDX and NUGT do with it. So if people want gold then miners will go up.
Thanks ash
On the contrary, actually people will buy NUGT because of fear which is connected to gold. NUGT goes up when no rate hikes happen or job reports aren't as good as projected or GDP isn't as expected. All fear based therefore people will buy gold as a hedge which will make NUGT go up 9 times out of 10.
It's all connected. Gold goes up therefore GDX, NUGT follow along with it
Which is all connected to gold, nothing false about it. Market goes down then gold goes up as GDX follows gold where NUGT follows GDX. All like legos.
I'm with ya on that statement
Which is connected to gold that takes it out of the ground to be sold therefore they can go up during downturns. Facts are straight
Right into gold as a safe haven therefore causing anything connected to gold to go up as well which is connected to world events so it has everything to do with it
Have s nice day
Gold miners are connected to gold hence the word gold, in order for gold miners to go up or down it tracks the cost of gold. Does it do it 100 % of the time, no but definitely most of the time.
Have a nice day
Thank you
There was a missile test it's breaking news on CNN and other news channels
Started taking a position in SINO, buying on dips and as long as it is under $3 then I'll keep buying
No inside information discussed, it isn't any different from the informative posts on this site. Therefore you're spreading false and misleading information.
Have a nice day
Oops!
I see $.74 at the end of the day.
Have a good day:)
Good luck with your thoughts on this ETF
People were buying this last year when it was $100, $120, $130 and even $150 a share before the forward split so the price of this ETF doesn't really get affected
Been here to long and that's not happening
No it won't, learn how this trades if anything it'll go up. You said $5 in March, never happened
It's great to know, just like 2 years ago when Yipi was guaranteed to be at .05 how's that going?
Yes they do
Oops!!! Back up to .74
Now that's a good thing