E-Wave Trader Member

NUGT and JNUG: Raise your stops!

by Larry Edelson |

Issue #198

Dear Member,

It’s time to raise your protective sell stops for your positons in NUGT and JNUG. You have modest open gains, and while you can’t raise the stops yet to lock them in, or even to breakeven, I do want you to ratchet the existing stops higher per my trading models.

Please see the specifics in the recommendations box below.

I expect gold and silver to make one more run higher, to as high as $1,225 and $17.45, respectively, at which point I’ll look to have you grab gains, and likely reverse to a bearish position for the metals’ next move lower.

All other markets are in a settling down mode, after the flurry of trading and trending moves we saw over the last two weeks. But don’t be deceived, more volatility should arrive soon, presenting many new opportunities.

Hold all other positions with their stops in place.

Lastly, my apologies for the technical issues during yesterday’s webinar. The good news: I will make sure we spend as much time as needed on the rescheduled webinar on Tuesday, March 31st.

We have a lot of ground to cover, some very important charts that I want you to fully understand. They will be key to the profits I see coming next.

Here are the details for raising your stops for JNUG and NUGT:

For all members who own shares in JNUG and NUGT: 

  • CANCEL and REPLACE your good-till-cancelled protective order to sell 100 shares of JNUG at $12.75 stop. NEW PRICE: $16.49, stop, good till cancelled. 
  • CANCEL and REPLACE your good-till-cancelled protective order to sell 200 shares of NUGT at $7.75 stop. NEW PRICE: $10.32, stop, good till cancelled.

Best wishes,

Larry