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Pocket Pivot Review - JNUG + USLV

As the trade war accelerates prices of gold, gold miners, and silver are all benefiting. Whether the debt bubble blows apart today or down the road, either way, hard assets such as real estate as well as bitcoin, gold, and silver will all benefit.

Both JNUG (3x gold miners) and USLV (3x silver) should have 5-day pocket pivots. The trend in both is up. Both are highly volatile being 3x ETFs so position size with care.

3x ETFs degrade in sideways markets so should not be held in such situations as they will lose money even in such markets. In trending markets, however, 3x ETFs can well outperform sometimes above their 3x levels. Note the 16-fold gain in 3x-JNUG in the first half of 2006 vs. the 3-fold gain in 1x-GDX gold miners ETF, beyond the 3:1 proportionality of the two ETFs:

JNUG Junior Gold Miners 3x ETF:

GDXJ Junior Gold Miners 1x ETF:
We hold positions in USLV and JNUG.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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