John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Davy Crockett who wrote (16004)	6/5/2014 6:05:01 PM
From: Davy Crockett	Read Replies (2) of 33421

This low risk trade (GDX or NUGT or better still JNUG) that I suggested last Friday; is playing out pretty well as could be expected. If one was playing say JNUG your bid would've been @ a average of $14.00/share last Friday as opposed to the closing price of today @ $15.74 not bad for a 12.5% return for the week. All I know if I told a bunch of people that the Toronto Dominion bank was offering @ 12.5% return for a week (never mind the compounding over a year), the lineup around the bank would go on forever as the sheeple line up waiting for their piece of the pie. It sure beats the 1.5% return that TD offers on their GIC's. Next week who knows... as I said earlier, I think that we have reached some sort of a bottom in GOLD. Does it hold? Only time will tell. I'll post a chart later. FWIW only, Davy

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