CrabClaw,
Someone sure wanted Gold not to hold the 1250 level today.....the crooks more then likely. It looks like we are going to gap down tomorrow at the open (gold is currently down), so I will be adding some for sure in my trading account. I'm not sure what I'm going to buy NUGT or JNUG....I'll let the price decided, but JNUG has had a nice run since I bought shares at 13.10 and lower. NUGT might be the better buy, and it is very liquid for trading, but it's a coin toss for now.
I'm not going to add to my position trade GDX or GDXJ, unless gold test the June lows of 1180, and I sure hope that doesn't happen. I'm concerned about the gap on my HUI chart, but I'm still going to add and keep my position size small. It seems every time HUI leaves behind a gap it gets filled, and that would be another real beat-down holding NUGT and JNUG.
Some of the paid services I follow went back to cash today and sold the miners, but the two main trading services I use for wave and TA data are holding, and one was adding today both NUGT and JNUG. NO ONE can know for sure what will happen in the short-term, but I'll be buying the dip.....and if we head lower I'll just hold and maybe add. I still think we are very close to a multi-week rally, but I have been wrong so many times in 2013 it keeps my position size smaller then I would like.
Good luck on your trade if you buy.
$HUI - SharpCharts Workbench - StockCharts.com
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