Hitting Gold On Bedrock

With gold prices and gold stocks plummeting, where is this going to stop? For two stocks, the triple-bull ETFs NUGT and JNUG, the bottom "Bedrock" is close and smart money buyers are betting on traders that bought highs: NUGT on 10/8 at 24.75 and JNUG on 10/8 at $11.87. Traders say "How Can I Be So Wrong" on that trading cycle. When everyone hates the stock, smart money starts buying it. When the "voodoo" really starts, like now with NUGT under $10 and JNUG under $3, you just go for it with positive expectancy that past record keeping in your journal will prove successful future performance once again. Here is the next big trade play...hitting gold on bedrock!!

DISCLAIMER:  MOJO Day Trading, or any of its employees, contractors, or shareholders or affiliates are NOT an investment advisory service, nor a registered investment advisor or ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.