bclemms
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Had to take some profits and reduce my exposure in NUGT today after hitting $36 this morning. Was in it long since mid 20's then added some around $36 then added more around $28 after it pulled back. At the same time still holding some long which isn't what that ETF was designed to do but I'm also scared of selling since gold continues to hold really strong in the face of what would normally be downward pressures and then pops when expected to. Still looks like a low risk, high reward type situation. I just wish the funds did a better job tracking gold over longer time periods.
It's going to be really interesting to see how Iran escalates and it's impact on the markets. Big sell off today but it's just basically giving back yesterday's gains and then will likely be back to business as usual. If Iran pulls off some sort of terrorist attack against the West or even worse in the US then I don't see how the next step isn't war.
It's going to be really interesting to see how Iran escalates and it's impact on the markets. Big sell off today but it's just basically giving back yesterday's gains and then will likely be back to business as usual. If Iran pulls off some sort of terrorist attack against the West or even worse in the US then I don't see how the next step isn't war.