Re: with gold up $8, kind of expected to see the etfs nugt and jnug being a bit more 'reactionary'
It is apparent but it isn't the "folks" who aren't buying. It's driven by algo. & front running robo-traders who, I suspect, are trying to bomb the prices ahead of more substantial govt. affiliated entities who want to paint a picture of a dead, weakened," barbarous relic" so that the "folks" don't take a mind to buy in, ergo lose confidence due to an uncontrolled destruction of currency "value". Now JNUG is performing to its usual pattern within its current zone. Always the question; have the zone parameters changed? If one can pull 5 to 6% every few days it kinda beats 30 year govvies. Of course zone change (even with pattern-same trading tactics)will depend upon the minor miners represented AND the POG. So it pays to remain awake!