Replies to post #11703 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[SgtJBone]

I'm looking for $1280 but I think it's going to hinge on tomorrow. Tomorrow is the day I make my decision to stay or move to the other side.

The miner bots seem to be programmed to watch the dollar. Just my observation. The dollar has been rising and gold holding but the miners keep dropping with the dollar going up.

[Meximus]

It hasn't done miners much good. JNUG and a host of others are still substantially lower.

Some miners are even lower than after the Fed rate hike!

The real benefit would be to get a crypto or gold backed savings account, so that you can spend the assets or add to them when gold moves.

I bought a lot of coins when gold hit 1150s. The premiums were <1$ and sometimes exactly spot.

I probably would have placed some of that cash into a goldbacked savings account, and would have made 10% on it in a few weeks.

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