Palisade Research - Wed, Jul 18, 2018

This Is The Most Important Chart for Gold Investors to See Right Now

picture of two piles of gold coins on top of a stock chart

There's a lot of talk about the relative strength of gold stocks in the recent sell-off for gold.

But nothing sticks out quite like this. . .

The Direxion Daily Gold Miners Bull 3X Shares (NUGT) traded its entire market cap yesterday.

Yes, you read that correctly - its entire market cap in just one day.

Just look at the volume. . .

one-year line chart for (NUGT) Direxion Daily Gold Miners Index Bull 3X Shares ETF showing 14X volume today

That equates to $1.2 billion - or 14x the daily average. . .

One can only surmise that there was a massive buyer(s) in the mix. Otherwise, we could have expected the sector to fare far worse, on a day where gold dropped $14, to close at $1227.

Is this a classic bear trap - or will gold stocks soon play catch up?

Only time will tell, but yesterday's action in NUGT could be a very strong sign that the bottom is in.


InvestorsGuru.com publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.

Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or to post at our AnyTicker.com Bulletin Boards. Free!

Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.

comments powered by Disqus

Detailed Quote Portal

symbol lookup | (TSX add :ca)

Membership Privileges

  • Investors Guru Small Cap Stock Observer - newsletter emailed monthly!
  • Featured Stock Profiles - emailed on occasion!
  • News by Email - as it's released, according to your My Preferences!
  • My Portfolio - login to view or update your holdings, or have it emailed daily!
  • My Watchlist & Alerts - login to view or update your stock radar list, and set price triggers for email alerts!
  • Bulletin Boards - no need to request boards, just Quote it! Social Sign-on & Share your ideas, observations & trends!
  • Find it all! Find it Fast! Comprehensive stock research webpages. No more endless clicking!

Email: (see Privacy Policy)
Password: (4-15 characters)
Username: (4-15, BB posts etc)

unsubscribe anytime


Bookmark and Share

 Subscribe in a reader

Our Mobile Site