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Beat the SP500 returns for 10 consecutive years
Beat the SP500 returns for 10 consecutive years
kenzo
Day 307
·
Mar 3
Added to my short yesterday on gold miners. My average is 262.78. Slight positive today. I think gold has put a short term top.
kenzo
5mo
Shorting $NUGT at 247.24. $NUGT is a leveraged bull 2x ETF on gold miners. My thinking is that we have seen a local top in gold and miners. I am watching GDX (a gold miners ETF), to retrace to 75 (currently 102.89). If GDX goes higher (105-110), I will likely double my short position. This is a risky play, with a 40-50% target profit. Gold has almost no industrial use; it's all sentiment-based, a…
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