Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[ReservedRisk]

$JNUG See around $20 then,(could easily go higher) like 08, a fall back to the lows..

Play the volatility until market settles.

Miners will NOT v-bottom more like an L with tons of tech trading opportunities.

There are still tons of ppl that believe the 'fed' can save the market(9 out of 10) that aren't ready to buy the gold trade. They will need a bigger slap to the face first. Plus metals will perform first with miners lagging relatively far behind. Ppls world will be rocked when they figure out this is a dead cat in real wealth in the market due to it being completely 'fed' induced. Dollar set to collapse hard. There will be more indiscriminate selling, gold based assets included, but they won't go as low as some will think once a major support is broken(thinking around 1,350) and they will think all hope is lost. That's the opportunity to LOAD. $JNUG could come right back to these levels after a major run, but I'll be a buyer again after I catch this massive run. Right now gold based assets are tied to the broader market. This will change and most will think this is that moment, but they're wrong imo. Miners will expose more value as 'traders' indiscriminately sell due to the virus. This bear has legs and gold isn't ready to decouple. If gold ever does decouple. I think the fed will go all in and destroy the dollar to prop up the markets(401k's and retirements). After all, it's an election year. Sending both stocks and gold to space. I just think gold's headed to Pluto and the broader markets are headed to Uranus with the purchasing power of all currencies headed towards the sun.. ;^)

After this is done bouncing, if you get board/impatient certain volatility indexes should be bottoming. Money/gains don't dissappear they just flow somewhere else..

Glty