Replies to post #4963 on 123Tom's TA study group

[Citrati]

For now I am looking no lower than the CORVF daily 50day at $1.01.
What happens when Yellen speaks Wed will be huge for up or down.
Gold just closed below the 500day daily for the second consecutive day today. Hmmm
I will feel better about metals direction after that Wed Yellen speech.

I do think super bargain territory (baring crashville) is between .80-.90.
Fed could accelerate it or stall it. All IMO.

My uncertainty is why I haven't made a NUGT play in a while.

Check out a 3year WPM chart. A full 1year base built and ignoring this latest gold drop.