JNUG looking UP

As the market starts to roll over, investors will begin to turn their attention to "safe havens". I've been following GLD for the last few days and it appears to be forming a "cup and handle" pattern. As money moves out of equities, I am starting to go long on other asset classes. I see JNUG as being a big benefactor during this transition out of equities. JNUG has also found support on it's 2.618 fib retracement. First target is $83.

Not financial advice