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Gold price dropping, rate hiking, rebalancing... I'm betting on JDST for the weekend win.
Don't forget GDXJ rebalancing is upon us, GDXJ could get hit hard. Currently holding JDST.
Was going to stop playing until after GDXJ finished rebalancing, but JDST at $65 was too good an opportunity to resist. Think JNUG, GDXJ, and gold have hit the top.
Interesting close, almost as if JNUG was like wait a minute I can't close green don't know how to do that anymore.
Yen is above 111.5 again, so likely to see lower before higher unless Kim Jong Un goes crazy.
I'm staying out of JDST due to the North Korea wild card.
Stop got triggered on that one. Staying out of this one until we have a clear sign of a bottom, and there is no support until around 4. Use extreme caution if holding or day trading this until we have a bottom.
Just put my entire life savings into JNUG right now, literally all in. Gap up and 20% gain to come Monday.
Share creation suspension over after today so we dropped to NAV. Just be patient, Monday should be good.
Think we may see gold sbove 1300, yen below 108, JNUG above 7 Monday. Watch the French election Sunday. 4 candidates basically tied, 2 want to leave EU, top 2 make runoff.
Higher low by 10 cents today so far...
So why haven't you sold JNUG and bought JDST yet?
If you truly believed JNUG was going to 4.75 you would have shorted and not be long. Just because a stock doesn't trade as you expected doesn't mean there in a conspiracy. This will pop back up as it always have, JNUG has always been very volatile.
Couldn't disagree more, please refer my stickied post.
Extremely bullish on JNUG, we will see $7 again by Monday.
This will be back above $7 within a week. Just be patient and hold.
Still think we could close green today. Huge data release at 2pm.
Seems to be a lot of false information here. GDXJ is made up of individual smaller cap mining stocks, mostly Canadian. Gold price has to stay up consistently for these to increase profitability and thus increase in share price. JNUG followed GDXJ 3x until this week, where it now trades at a premium. Derexion does not control the individual mining stocks or GDXJ, it only tracks GDXJ. The reverse split of JNUG is irrelevant as it has no bearing on GDXJ. Trade based on what you think smaller Canadian gold mining companies price will be, that's what JNUG is, a leveraged bet they will increase in profitability and thus share price.
French election may save us, runoff between 2 candidates wanting France to leave EU is possible. 4 candidates are virtually tied, top 2 make runoff, 2 want to leave EU. Also, don't discount North Korea. Would not recommend holding JDST for more than a day trade.
Just wait until later today.
You got close, should have set buy at 6.10.
Still think we will see green today, holding strong.
About the same dip as yesterday. We are down PM, but am not worried, we will close green today and possibly in a big way.
Do you have a rubber band? Now hold it out lengthwise without stretching. Bottom is where we could be if we had followed gold. Now stretch it down, this is where we are now. Now let go and see where it goes, higher than it was unstretched. This is the rubber band effect, and I think we are likely to see this IF gold breaks 1300.
And that's the definition of trading at a premium. But, GDXJ first must be up.
No volume, no action today. If gold manages to break 1300 and yen 108, maybe our pay day will come? Tomorrow could be our day, how many down days can GDXJ have when gold and yen are moving up?
Wait for the power hour pop, we may close green.
Maybe end of day, seems to like the end of day bounce.
GDXJ needs to go green, just so we can see what the leverage factor is on JNUG.
Gold and yen are climbing...
Aussie GDXJ components are having one of their worst days ever coming off a four day market weekend. Think we may get a triple bottom on gold at 1282. If gold manages 1300, think we could see rubber band effect on miners and even more so with limited share number JNUG. Otherwise, hope we just get enough of a bounce tommorrow can bail with minimum loss.
If GDXJ manages a 5-10% day while JNUG has limited shares, this would hit the sky. Might be worth holding shares just for that as limited remaining downside.
And closed in the $6.50 - $6.70 range...
No more new creation units, so limited downside and extra upside. Only effects JNUG, not JDST. See my stickied post.
Why not sell JNUG and buy JDST then?
Gold and yen are dropping, but we are starting to bounce. Can never predict this one.
Our 1 month low of $6.29 held and yen is about to get rejected.
Probably close around 6.50-6.70 range.
Power hour is almost here, time to go green.