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Don't be surprised if the central bankers short the crap out of gold once more and drive it down even as they create $75 billion PER DAY to prop up the stock market.
Why do they do this? Because they hate allowing an escape hatch of gold for the average Joe. They'd rather have everyone chained to the currency they control.
Just wait until they enslave us with their digital currency tied in with a social credit system while making gold 'illegal.'
It follows junior miners, not gold, but the miners should follow gold and so yes...one would think this would be flying back up. The market is minty green thanks to countless $billions being shoved in its gullet daily and gold is up $100...but JNUG is a slug.
What happens when gold has a pullback? You can bet JNUG will collapse.
Only possible when they conduct still yet another reverse split.
It went from $104 down to almost $3 in just over two weeks. Anyone expecting this to go back to $100 over the same amount of time is in for a sore disappointment. A tremendous amount of decay--rigor mortis--has set in. It needs a good Frankenstein-like zapping.
I was making a JOKE. That's why I added 'LOL'
For heaven's sake, I'm not misleading anyone. Do your own DD.
With gold up almost a $100 JNUG moves back up like it's wearing concrete overshoes. Yet when gold sneezes, it collapses $20 in a day.
That's all I'm saying.
They're cutting leverage on a lot of their funds. I was making a joke.
https://seekingalpha.com/news/3554240-direxion-cuts-leverage-on-10-funds-closes-eight-funds
JNUG GOES DOWN FAST AT 3X, BUT UP SLOWLY AT 2X, LOL
That sounds like a good plan.
Question: When the Fed purchases securities, bonds, and treasuries...who is the owner? Certainly not the taxpayers. The Federal Reserve is a private organization.
Just wondering.
UVXY looks done at this point. The Fed will prop up the market no matter what.
Markets are still red--but so is UVXY.
Markets have turned south and so has UVX-WHY?
SURE YOU CAN RIG IT IF YOU'RE THE FEDERAL RESERVE PUMPING AND RIGGING BY PUTTING $125 BILLION PER DAY INTO THE MARKETS!!!!!!!
GOLD IS THEIR BITCH AND HAS BEEN FOR A LONG TIME~!!!
JNUG MAY OR MAY NOT GO UP REGARDLESS OF WHAT IS POSTED HERE!!
GOLD STOCKS AND GOLD PRICES ARE STILL RIGGED BY CENTRAL BANKERS--THEY CONTROL GOLD AND THE FUTURE OF JNUG!!!
RAH RAH SIS BOOM BAH!!!
The Fed is buying up anything and everything and they can create endless 'out of thin air' currency to do it. They're buying $125 in securities every day. They're buying stocks, bonds, and treasuries.
Who will own everything? The illuminati central bankers, of course. They will eventually buy up the world and everyone will be their slaves.
What does this mean for TVIX? It means TVIX is over--it has nowhere to go but down if the markets are rigged. And they are.
The disconnect is really getting attention now--a lot of silver is getting sold out but the price doesn't go up. It's not capitalism by any means--it's banker fascism.
Yeah, you're right...but rising gold should be good for gold miners. The math doesn't always play out as expected, though.
Gold is up $60 and JNUG can't stay over $4?
NOT GOOD!
They want to go to digital currency in order to completely subjugate humanity. "They" being the illumnati and central bankers, of course. Once everything is digital, there will also be a social credit system. Fall below a certain level, and money will be turned off.
It also makes it easier to track and tax everyone. We should all mightily resist such enslavement.
Mister Meaner will get a whole lot meaner before this is through.
And look for JNUG to crater further tomorrow.
My prediction for JNUG tomorrow? Think of the voice of Mr. T:
"PAIN."
Surprised to see there is little interest in this ETF considering its run.
If you want to see JNUG's future, take a look at Direxion's 'GUSH.' It's in the pennies now.
This is a deflationary depression. People need to raise cash--I don't care that they're throwing trillions into the stock market, people still want 'King Dollar.'
When everyone has sold the last of their gold and silver for a pittance just to pay the bills, THEN the precious metals will rebound.
Yes. It's beyond broken--it has been atomized.
Do you really want to hold this garBAHJ over the weekend, though?
Could this be shut down next week? I sure won't be playing this junk any more.
That's because it's a crooked scam. JNUG does not do what it's supposed to do.
"It's unexplained and it's wild. "
DIVE DIVE DIVE!
This wants to go down no matter what gold does. LOL
You know it. For sure. The decay is strong with this one. Humpty JNUG had better put itself together again, but we're seeing deflation and that's not good for gold or the stock market in the short term. Throw the golden baby out with the virus water.
This POS is broken. Done. Finished. Kaput. Sayonara.
These people are crooks and there's more proof.
Good thing gold is up today. If it was going down, JNUG would drop to a buck quicker than crap through a goose.
You can bet those dealers would want to give you back something closer to the bid price if you are selling, though.
I thought it would bounce today with gold on the rebound. NOPE! No windfall, just a continued fall.
Stick a fork in it. It's done.
I agree--these bums should be shut down.
Gold is up and the market is up but JNUG can't bounce. What a shocker.
It's too mired in downside decay.
That's outrageous! They get to change the rules as they go along?
I'm done with this crap.
From $104 to $4 in three weeks.
You just underlined my point. You know what you're doing--that's fine. Too many don't and get screwed royally. It's safer to stick to bullion--and you don't have to pay absurd premiums for those Eagles.
Never...ever EVER buy a numismatic coin from apmex in particular, but from any coin shop in general. Everyone probably knows this already, but those damn rare coins are always designed to screw the average and ignorant 'investor.'
Always stick to bullion.
Reverse split seems inevitable now.
There is goes again. BAWOOSH!