I tried to explain to all the bears from $JDST
why shorting gold and $JNUG
was a bad idea right now, but no... well, $JNUG
back over $6 and JDST headed back down after being unable to hold $2. Do you actually think you can use ST to outmaneuver the Managers of these ETFs? They will keep readjusting you in the right direction whether you like it or not. Past recessions teach us that gold sell off is normal as institutions cover their positions, and that it is immediately followed by a gold rally due to the switch from the dollar to gold as a safe haven. Go with the trend.