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lunsmoke05/30/2020 14:52

$Direxion Daily Jr Gld Mnrs Bear 2X ETF might be good to consider. Add it to your watch list.

@lunsmoke

$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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Filmnerdramsfan·05/31/2020 00:33

What about playing JNUG to the down side once it hits overhead resistance? Your previous post said it could drop 20 Points again.

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Dan·05/30/2020 18:20

I agree with this 100%

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