NUGT has hit top of trend line with neg divergence–monitor…
http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=1&dy=15&id=p23356016618&listNum=1&a=385256974
http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=1&dy=15&id=p23356016618&listNum=1&a=385256974
Very likely scenario. Short term PM’s have positive momentum.
But COT’s are bearish so you can’t expect too much bullish case until commercials are ‘proper’ positioned again 🙂
One surprise to me is that gold is intra-day strong at the same time as US$ is…
Thanks, excellent feedback…