Replies to post #720 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I bought into NUGT today.

https://www.marketwatch.com/story/hedge-fund-boss-who-predicted-the-87-crash-is-likely-making-a-killing-off-a-timely-call-last-week-to-by-gold-and-stocks-2019-06-20?mod=mw_theo_homepage

Tudor Jones told Bloomberg last week that if gold “goes to 1400, its goes to 1700 rather quickly,” referring the potential for bullion prices to catapult sharply higher.

“It has everything going for it in a world where rates are conceivably going down in the United States and going to zero, it has everything going for it.”

Gold soared $48.10, or 3.6%, to settle at $1,396.90 an ounce on Thursday. The 10-year Treasury note also fell below 2%, as investors jumped into the perceived safety of bonds.

FYI, the company I work for is global. I see more and more evidence Europe is entering into a recession, which will hasten a migration to gold. Germany is the one to watch for this evidence, specifically German auto manufacturers. Nothing to do with Brexit.

https://www.google.com/search?rlz=1C1GGRV_enUS767US767&ei=dgkMXem_McXekgWWz7LYCg&q=Is+europe+entering+into+recession&oq=Is+europe+entering+into+recession&gs_l=psy-ab.12...177231.180391..182854...0.0..0.206.671.2j2j1......0....1..gws-wiz.NWN20WRysfE

GLTY