JNUG: Last Legs of Corrective Phase; Then Up We Go!
Gold has undergone a medium sized correction and has remain suppressed for the last few months. What is positive for the Gold bugs is that many of the top performing stocks have actually made yearly highs except for some of the more overbought mid-tier and seniors.
JNUG is on the last stands of its corrective value and will likely consolidate in the $52-58 range on average for the next 2-3 weeks before steadily rising new to yearly highs to the 120-130 level through mid Q1 2020. While a touch just under 50 or just over 60 levels are possible, the average will remain as stated.
Investors should avoid leveraged funds as based on simple math, they decay towards 0. In addition, many of the stocks "included" in the etf distributions here are heavily induced by short interest.
For investors that are more conservative but looking for growth, I recommend FNV and KL.
For investors that want some risk, I recommend stocks with upside potential such as GCM, GORO and IMPUY which happen to be my three favourites.
For investors that want to be exposed to a potential winner and speculative, I will direct your attention towards AGG. AGG is in my opinion, one of the very few highly speculative juniors that will likely be a winner in the upcoming Gold run.
- zSplit
JNUG is on the last stands of its corrective value and will likely consolidate in the $52-58 range on average for the next 2-3 weeks before steadily rising new to yearly highs to the 120-130 level through mid Q1 2020. While a touch just under 50 or just over 60 levels are possible, the average will remain as stated.
Investors should avoid leveraged funds as based on simple math, they decay towards 0. In addition, many of the stocks "included" in the etf distributions here are heavily induced by short interest.
For investors that are more conservative but looking for growth, I recommend FNV and KL.
For investors that want some risk, I recommend stocks with upside potential such as GCM, GORO and IMPUY which happen to be my three favourites.
For investors that want to be exposed to a potential winner and speculative, I will direct your attention towards AGG. AGG is in my opinion, one of the very few highly speculative juniors that will likely be a winner in the upcoming Gold run.
- zSplit
