NUGT MONTHLY
I know very few follow these things because of “decay” or whatever. But it and JNUG had the most gains of any of the stocks, etf’s, …. whatever, during the bull phase.
Now, DUST – JDST are carrying on the tradition in the opposite direction. Do a perfchart analysis if you don’t believe it.
Anyway, a nice double bottom would not be out of the question here. Like bookends on the year.
When the Aroon crosses up on the monthly, then you’ll know your in a bull market. 😉
https://stockcharts.com/h-sc/ui?s=GDX&p=D&b=4&g=5&id=p62443323044&a=480363967&r=1476242052960&cmd=print
yes I agree–Nugt was about $2.50 Jan 2016 and went to $24 in about 4 months so it was up 8 or 9 times in 4 months: $100,0000 = $800,000 in 4 months
maybe it might be at the end of january for a bottom if the normal seasonality takes place for a post election year in gold is as follows:
http://seasonalcharts.com/zyklen_wahl_gold_postelection.html
for the us$ it is opposite
http://seasonalcharts.com/zyklen_wahl_usdx_postelection.html