2 replies to this topic

[Russ]

Summary

Over 82 million shares were traded in the triple leverage gold stock ETF (NUGT) on July 17, 76 million in 40 minutes, which is about $1.7 billion worth.

This is triple the previous record of 27 million on December 15th, 2016, after which NUGT doubled in two months.

Stops may have been run so somebody could place a really big bet.

Gold mining stocks haven't budged as gold has fallen 8.5% since April.

 

 

https://seekingalpha...d-mining-stocks

 

[gannman]

thanks russ i have heard people talk about 900 dollar gold like it is in the bag

 

i think we are close to a major bottom but lets see a rally out of here i think the bottom 

 

occurs within the next two weeks fwiw

[Russ]

You're welcome Gannman, I believe there is going to be a summer rally now, after that we could see a final washout but I am always open to alternatives ideas like yours. I am long nugt now.