All Gold related Long positions are rising sharply today and so is Silver. That includes GLD, SLV and NUGT. The best gains are in NUGT. After an initial decline this morning, DJIA, SPX & IWM will also rally.
The best buy today is NUGT
As we had predicted DJIA did make a low on Friday below the Wednesday's lows.
Here are the charts for last 5 days:
DJIA
SPY
IWM TZA should be sold today in the morning if you have not done it so far.
NUGT Wait for some intraday decline before you buy this
Dollar Index: Dollar is rising against most currencies . It will go above 84.0 soon. Indian Rupee will hit a new low soon
Germany DAX index and British FTSE will go back to recent highs this week or so.
The best buy today is NUGT
As we had predicted DJIA did make a low on Friday below the Wednesday's lows.
Here are the charts for last 5 days:
DJIA
SPY
IWM TZA should be sold today in the morning if you have not done it so far.
Dollar Index: Dollar is rising against most currencies . It will go above 84.0 soon. Indian Rupee will hit a new low soon
Germany DAX index and British FTSE will go back to recent highs this week or so.
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