NUGT........52 week lowsI was gone on holidays for two months and got back last week. I was at the world cup in Russia. Then I got talked into going to France later for the tour de France. As I haven't beeen back to Europe for a few years, I said sure why not.
Only had a few positions in the market and was able to not look at the markets at all for almost two months. I knew my large position in JDST would be fine and I wouldn't need to check on it since it was the safest and easiest trade to make and go away for awhile.
I posted in the spring that NUGT and JNUG were going to be in pain and the "big hurt" will come in the next couple of years when gold heads to a $1000/ounce.
I was buying JDST in large amounts at the bottoms and now up over +43%.
The gold bulls are down big and there is much more pain to come for the gold bulls in the next couple of years.