The last time I was Bullish GOLD, the options I was looking at went up 50%. You can read more about that great trade idea HERE. Well, on Friday in the 360 Wall St Newsletter, we mentioned how I thought NUGT was ready for a bounce, and we got it! Here’s what happened:
Now not only am I Bullish on the entire Gold Mining Sector, but I also have a hidden gem that I’m really excited about that could revolutionize the industry!
I won’t mention it’s name but today, on Tuesday September 6 at 12 PM ET, I’ll be with Chris Graebe, sitting down with this “Golden” company that is ready to disrupt the business model for Gold Miners, explorers and merchants, focusing on sustainability.
Join us LIVE and at 0 cost in the 360 wall St Chat Room, if you haven’t done so already, sign up HERE.
Here’s what we wrote in the 360 Newsletter on Friday, and why I’m Bullish Gold!
Jeff Bishop is Looking for a Bounce in this Gold Miner’s Index
Jeff is watching the Gold Miners Index 2x Bull ETF NUGT today for a bounce. With the Hawkish Fed and Rising Interests rates, the US dollar has been strong and the price of of gold weak.
After breaking through support and being down 5 days straight, Jeff thinks this is a good spot to get in for a bounce. A small range and increased volume yesterday’s means a reversal could be beginning.
Jeff would have his stop below $23 and is looking for a move above $26 to test prior support.
Here was the result:
NUGT moved right to my $26 target! CHOP! On to the next one!
Here’s what subscribers are saying:
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