Riding The Gravy Train: JNUG Stop

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Sunday, August 04, 2019

JNUG Stop

In re: this recent update on our gold-related positions, we're finally placing a stop on the JNUG position opened in August of last year at $60.75

We'll sell if it trades below $80.27, which is just below Friday's close.

Gold is shooting higher this evening on news of China devaluing its currency.

We believe that should JNUG trade below its Friday close it'd show remarkable weakness, so we'd be happy to reduce exposure while booking a considerable gain on this position.

Still no stop on the JNUG position opened at $69.25 last June.

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We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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Riding The Gravy Train

Sunday, August 04, 2019

JNUG Stop

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