Yes, I agree and I'm in NUGT and JNUG as well right now, especially that pps is so attractive/low currently. However I have been trading those ETFs for almost a year now and gold has been manipulated very badly. If you watch detailed chart, you can see that gold has gains through the night and once the US market opens, paper gold is dumped. And this occurs almost daily.
Asia/Russia/Europe is buying and the US is dumping... and then on a top of that GDX/NUGT is manipulated as well meaning that they dont always move up when gold has a good day... very frustrating.. so yes, logically and theoretically gold miners should be a very good buy but unfortunately seems like everything depends on algos ... also that new Trump economic adviser says that he would be buying dollar and selling gold right now lol he is such a joke imo the guy has a track of more bad calls on economy than good ones lol Trump picked really good pumper who knows how to paint everything in pink and continue rally on WS but we all know what it is coming..