Ken take a close look NUGT stopped going down yesterday and began rallying today as gold was getting pushed off a cliff. NUGT tracks $GDM, the gold miners. The Gold/Silver miners are oversold and are being bought for that reason despite what is happening to the price of gold/Silver. It is good Gold is taking a much needed correction and when it resumes the ascent it will lift the miners with it. Many of the mining stocks could easily gain 50% from their current prices based on valuations and dividends. Multiply that by 3 and you have the reason I'm here loaded up on NUGT.
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