EPA is paving the way for stalled copper and gold mine in Alaska
This could have devastating effect on the world’s largest sockeye salmon fishery near Bristol Bay in Alaska. This is a very large mine I don’t think there is any way it can be done in a clean way without effect the pristine environment of Bristol Bay the best way to stop this is make it unprofitable if you own gold investments please sell them we need to bring gold below 1100 and once to stop this project.
Gold Miners can be very volatile and these ETF’s may trade at a premium or discount to Net Asset Values check out chart for this month On Wednesday Miners soared. Gold was up Thursday and Friday but miners dropped WTF?
Look at the cart below to see why.
This is chart for March as you can see on Wednesday after close miners were trading at 2% premium odds are they would trade back closer to Net Asset Values
You can find NAV with these links updated about 1 hour after close.
Miners GDXJ NAV GDX NAV
3x Miners JDST and JNUG NAV DUST and NUGT NAV
If you can get a Premium or Discount on the 3x fund and also the matching index fund you have a good chance of making a good profit betting prices will return closer to NAV. Once you have a Asset Gap to trade look for your entry hopefully at open a even larger gap will develop wait for it to start to fade and place your trade if everything else is in your favor gold and NAV moving in your direction the gap will close quickly
Forecast for Mondays open
Jr Miners were up in the after market chances are they will rise premarket. Jr miners GDXJ closed with NAV of 36.13 a 15 cent premium JDST had NAV of 14.73 8 cent discount so we have a Premium plus a discount on the 3x easy profits here if gold is flat or down hope for gap up GDXJ and gold at open wait for gold and miners to start moving down buy JDST or short JNUG watch closely and take profits