Monday, January 9, 2012

BUY NUGT @ $21.90

Late in today's trading session I saw enough evidence that gold's current 4 hour cycle was finished and likely to lead to a rally - however short term. With that assumption in place, I purchased shares of Direxion Gold Miners Bull 3X ETF (NUGT) at $21.90.

What follows are three charts:
NUGT at the time of my purchase
GC 4 hour cycles overview
GC 4 hour cycles closeup

My TSI Trading Record has been updated.


  1. hi John, Do u think the Gold will start its upward march ? or are their odds that it may fall to $1400 in the near term

  2. Thanks SF. If I want your advice I'll ask for it.