Riding The Gravy Train: Gold Positions Update, JNUG Stop Raised

Riding The Gravy Train

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Thursday, July 18, 2019

Gold Positions Update, JNUG Stop Raised


This post is essentially a reprint of this update of a month ago, with the only changes being that we're raising the stop on JNUG considerably to $82.90 and adjusting prices on any stocks mentioned to the current market price.

Keep in mind JNUG underwent a 5:1 consolidation recently, making our effective entry price $37.00 (5x the original $7.40).

As of this writing, the position is +134% in 3 months.


Updating our major positions related to precious metals:

Per this entry on February 20 we celebrated a 30% gain on JNUG in 6 months and booking +36% in 6 months on NUGT.

Originally we had two NUGT positions; the other was sold in early January for a score of 28% in 4.5 months.


That also left 2 JNUG positions, both of which remain open without a stop in place.  One from June of last year at $69.25 and another from last August at $60.75

JNUG currently trades at $86.40


The 1st of 4 JNUG positions we originally had was sold in late January 2019 for a gain of 28% in 5 months.  The 2nd was sold for a 30% gain as noted above.


2 USLV positions also remain, with no stops in place, one of which is still offered at $93.00

Originally we had 3 USLV positions.  One was sold in early January 2019 for a gain of 25% in 7 weeks.


We picked up ARU and ARG in October of last year at $2.60 and $0.90 respectively.

ARU gained as much as 54% to $4.00, then eventually stopped out at $3.10

ARG subsequently rose over 30% to $1.20 but was eventually stopped out for a small gain at $0.94



On April 22 we added more JNUG at $7.40  That position is currently up 134% in just three months.  

As per above, we're now going to place a sell stop on this one at $82.90


The same day we also bid $15.60 for a position in NUGT.  That bid was hit days later and we closed that position recently for a 28% profit in 6 weeks.


On May 10 we suggested NGQ which was at $1.04 and still offers an excellent risk/reward setup as per the original post.

We've also about a half-dozen gold and silver-related junior mining penny stocks per this blog, which we'll update when it's relevant to do so.


On April 22 we posted in bold: "If you're not short stocks, it's a great time to buy TZA and VXXB which trade at $47.60 (split-adjusted) and $25.45 respectively."

These rose 20% and 31% respectively and are now back down to roughly the same levels as on April 22.  (VXXB now trades as VXX).

We again strongly suggest that if you're not short stocks, it's a great time to do so via TZA and VXX which last traded at $46.36 and $23.01 respectively.
 




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