Post by
laffinatbaggies on May 15, 2018 10:08am
this is just the beginning of the fall of gold
Todays 8% drop in JNUG is just a taste of things to come for gold. Gold will revisit $1050/ounce and then take a run at sub $1000/ounce in the next couple of years. I have been bearish on gold the last few years and will turn bullish in a couple of years when it has bottomed again.
I was extremely bullish in gold and even more so silver 15-20 years ago. But turned bearish 6-7 years ago near the peaks. Money can be made on both sides if you are stuck with your views in only one direction. I will be extremely bullish in silver/gold, but not yet. Let them bottom first. That being said, one can take a "trade" when there are big daily overreactions, but the trend for silver and gold will be down for the next couple of years.
Comment by
laffinatbaggies on Aug 15, 2018 3:08pm
JNUG is down about 50% from this May post. The one star bandit must be down big! Don't worry I was loaded up in JDST and up huge. You keep your one star and lose money being a gold bull/nutbar. I will be a bagholder of profits and cash with JDST.