Thursday, May 9, 2013

Trading Strategy: NUGT & Gold Miners

I have been trading the 3x Gold Miners Long ETF: NUGT since the recent sell-off in gold.


Initiated a buy at the bottom. The stock moves fairly quickly on a day to day basis but if you can hang on during the swings it can pay off. Although this not a direct correlation to gold it will give you risk exposure to companies who are relying on the price of gold to stay steady instead of hedging
their expenses.

When gold did fall recently there was talk of miners getting credit downgrades although that may have faded a little bit, it is still a volatile sector to be in.

No comments:

Post a Comment