If you truly believe gold is heading to December lows...buying NUGT at $27 is suicide. By the time gold would reach those levels from here...NUGT would be nearing THall's $5.00 target (really)! Actually, if this wedge confirms as breakdown...it might get there in the next few months anyway.
Not to mention, trying to fill a position from $27 and then $20 just doesn't compute on a 3x ETF. Why would you want to go over 30% negative in the first portion of your position before filling the rest?
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