NUGT 3x Profit Potential (2/17)

For five years, from 2011 to 2015, the Gold Miners ETF (GDX) fell every year to bottom down 77% from the 2010 close. Last year, the crash reversed, and GDX gained 53%.

In the first eight months of 2016, the 3x Gold Miners ETF (NUGT) gained 637%, and then promptly fell by 85%, leaving it up 57% for the year.

ETF PM currently has long positions in (NUGT).

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5 Reasons Gold Prices Will Explode — In a Good Way!

GLD, JNUG and NUGT are set up for massive profits

Jeff Reeves, 1/19/17

Gold prices were sleepy in 2016, on paper. The precious metal rose 9% compared with roughly the same gain for the S&P 500 index and the Nasdaq 100 Index.

But a closer look shows significant volatility along the way. In other words, if you bought gold at the bottom of about $1,050 a year or so ago and sold at the top of $1,400 or so in summer, you made a nearly 35% gain. On the other hand, if you bought the mid-year top and sold during the December lows for gold prices, you lost almost 20%.

This kind of movement is common in commodities like gold, crude oil and other materials. And wise investors know how to use the volatility in gold prices to their advantage.

Click here for the full article.

 

 

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