TRADE ON GOLD MINER ETF NUGT $NUGT $GOLD $SLV $DUST $GDX $GDXJ

For us to recommend, a stock must pass at least four of the six screens. We prefer a stock to meet all six screens. Our rigorous criteria has led to enviable performance over a long period of time. We periodically provide intelligence on trades that we do not recommend, but our subscribers may be able to take advantage.

It is suitable only for super aggressive investors as risk of loss is high.

Consider buying up to 20% of  gold miner ETF NUGT in the zone of $7.00 to $8.26.  Stop zone is $6.43 to $6.73.  Target zone is $8.88 to $10.36. For the reasons please see the Morning Capsule and gold and silver ratings.

Gold miner ETF NUGT is now in the target zone.  Consider taking partial profits in the zone of $9 to $9.44 on a 10% tranche.  Move stops on a 5% tranche in the zone of $8.68 to $8.73 and the remaining 5% to break even.  NUGT is trading at $9.19 as of this writing.

Our subscribers range from those who focus exclusively on very long-term positions to those who focus mostly on short-term trades.  Most subscribers are somewhere in between these two extremes.

NUGT is a very, very  short-term trade, not meant for long-term investors.  For this reason there was no expectation for long-term investors to catch this trade.  For long-term positons we give zones typically in advance and there is plenty of time, usually days sometimes weeks to enter the trade.  A good example is the recent ‘New Idea on INTC.’

For short-term traders, we prepared them in advance from Gold and Silver ratings on March 13, 2017.

Neutral in the very, very short-term –The market is positioned to sell gold and silver after four critical events including Fed.  Markets often make fools of the greatest number of people.  In practical terms, those who are positioning now for gold to go down can get squeezed and as a result of short covering gold and silver have the potential to scream higher. If gold does not go down on rate hike or there is no rate hike, aggressive traders may consider buying gold for a short-term trade using ETF GLD and or ETF SLV or equivalent in your country.  Those who want to juice up the trade with leverage and are   not comfortable with futures may consider triple leveraged miner ETF NUGT.  CAUTION: RISK IS VERY HIGH IN ANY SUCH TRADE.

From this Morning’s Capsule,

Gold market is positioned very short.  Any surprise may cause a short squeeze sending gold and silver  much higher.

Those subscribers who were paying attention to gold ratings and Morning Capsule were ready to enter the trade.  Interestingly, based on gold ratings and this Morning’s Capsule many subscribers entered the trade in advance getting a significantly better entry price.

Consider taking profits on all but a 5% tranche on gold miner ETF NUGT before the close of the market.  NUGT is trading at $9.28 as of this writing.  Consider moving the stop on the remaining 5% tranche in the zone of $8.60 to $8.73.