JDST is rockin' and NUGT is tankin'Took profits in JDST today at +79% and +$187K. I have posted several times that shorting gold and JDST was the play.
NUGT and JNUG hit 52 week lows again today and are down -70% in the last 52 weeks.
Gold bulls/nutbars believe gold only goes up. So how is that working out for you? More pain for gold bulls as gold drops below $1000/ounce in the next couple of years.
Money can be made in any direction with an unbiased view of the markets. Shorting gold will be the easy play until it no longer is (ie: when it bottoms). Then, and only then, will it be profitable to be long gold. Until then, however, just keep making money on the easiest trade and that is shorting gold.