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lunsmoke05/30/2020 14:45

$VanEck Vectors Junior Gold Miners ETF I would be very careful about the gold complex: $VanEck Vectors Gold Miners ETF $Barrick Gold $Newmont Corp $Direxion Daily Jr Gld Mnrs Bull 2X ETF . This recent drop looks like it has more drop to come. I sold JNUG already a couple of weeks ago near high 80s. It doesn't make sense fundamentally right? The fed prints more money which leads to inflation which makes gold a good buy. I think that's true but it looks like short term pain ahead. I expect another 10% drop from 5/29/20 prices for GDX, GOLD, GDXJ, and 20% drop from JNUG bc it's leveraged. You can look to buy after the drop. That's my intention.

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debsid·06/01/2020 06:26

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Brady2575·05/30/2020 15:02

I politely disagree. The price of gold is doing extremely well. Buyers came is when is dropped under 1700 right before it got to the 1680s support, which is a great sign. That line of support NEEDED to be tested in order for gold to climb higher. Now it looks like it is clombing strong, even temporariliy breaking the 1735 resitance yeaterday. If you watch the harts during the day and at night, you will are how both sides of the world are viewing the yellow metal. Since the US and china are in an akward place politically, you can watch gold rise during the day and again at night, meaning the world is mostly bullish on gold. The fact that it didnt drop below 1725 yesterday is another bullish sign. I predict 1750 this week

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debsid·06/01/2020 06:27

see image above

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ps500·05/30/2020 18:39

well said. I agree.

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