Anybody trading JNUG? might be just getting exciting.
Gold's explosive break today was a nice continuation of break-out from 3 days ago. Without getting too deep into the fundamentals, Draghi basically punted the EURO toward the moon and the US stock market's inflationary pressure is rocking the DXY into new lows.
The combination of gold strength and inflation makes junior minors a fun instrument. Careful if the S&P falls over (although, some people have been waiting for that to happen for 7 years.. LOL) because even if gold sky rockets to the moon, gains in miners could be stifled and dragged down by the index. Its a tricky trade, buyer beware.
The combination of gold strength and inflation makes junior minors a fun instrument. Careful if the S&P falls over (although, some people have been waiting for that to happen for 7 years.. LOL) because even if gold sky rockets to the moon, gains in miners could be stifled and dragged down by the index. Its a tricky trade, buyer beware.
