I have a hard time looking at NUGT -
at least until we see a reversal in the continual deterioration of GLD, SLV, UGL, AGQ, USLV, etc...
IF the price of the metals doesn't improve, THEN the producers will continue to see their margins get pinched.
and with NUGT being a basket of companies, there will be the weak of the herd limiting the upside...
I have considered maybe some of the strong of the herd... GG, SAND, NGD, PVG, etc...
We do have nice basing patterns developing... and that's why I am hoping Jumanji can give an opinion. I know he holds solid knowledge and trust his thoughts.
I need to spend some time this weekend going back over some of the charts that make up GDX and GDXJ.
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