$NUGT

Looks like part of the strength in the miners today is from an analyst upgrade of $ABX lifting all the miners. Unless the fever of the past couple of day’s subsides, I’m not planning to open any additional trades in $NUGT. Not that I don’t think there are opportunities, but I watch closely the Buying Power being consumed by any given position. With $NUGT having gone from $56 to $71 in the last 3 days, I am now at the upper end of my range. I will wait for this weeks and possibly even next weeks positions to roll off before entering any new trades.