RE:RE:RE:RE:HGU / JNUG play?MayorRobFord wrote:
You betcha. Maybe just a day trade for JNUG.
If you're looking to trade gold, I'd suggest starting to watch DGC (Detour) and PVG (Pretium). I used to trade HNU/HND and I still do, usually when I'm trading intra-day. But when I'm playing swings I tend to go long/short these two companies instead. Reason? These stocks "over-react" on gold futures moves much more than HNU/HND, even considering that HNU/HND are leveraged 2:1. You need to watch them relative to gold futures for a while before you execute any trades against them though. They may not move the way the rest of the sector is precisely because of prior overreactions. And the risk of trading individual securities means you do need to keep tabs on any upcoming news more than you would if you were trading HNU/HND.