ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Even though NUGT made a new low today, it may be far from a bottom.

Here is something I found over the long weekend. It could happen again.

https://www.benzinga.com/trading-ideas/long-ideas/15/08/5749867/leveraged-gold-miners-etfs-to-host-reverse-split-party


Also, this weekend I was looking for a 'strength of the dollar' indicator, but haven't found a good one yet. Best one i found so far is at the bottom below.

https://seekingalpha.com/news/3384216-betting-gold-prices-will-fall-record-high-analyst-says-potential-tipping-point

"It ties into dollar action. It ties into perceptions about growth," he says. "There are so many different messages you can blame for the inevitable reversal in these positions. If gold reverses, it will mean that the dollar is topped out."

The dollar may or may not be topping right now, but the elections are still two months away. I'm guessing Trump will work to keep economic indicators from dropping before the next elections.

https://www.marketwatch.com/investing/index/dxy/charts