Palisade Research: Leveraged bullish gold share fund saw 14x spike in volume yesterday


This Is the Most Important Chart for Gold Investors to See Right Now

From Palisade Research
Palisade Global Investments Ltd., Freeport, Bahamas
Wednesday, July 18, 2018

There's a lot of talk about the relative strength of gold stocks in the recent sell-off for gold.

But nothing sticks out quite like this.

The Direxion Daily Gold Miners Bull 3X Shares (NUGT) traded its entire market cap yesterday.

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USAGold: Great prices, quick delivery -- all the time.

Yes, you read that correctly -- its entire market cap in just one day. ...

That equates to $1.2 billion, or 14 times the daily average.

One can only surmise that there was a massive buyer(s) in the mix. Otherwise we could have expected the sector to fare far worse on a day where gold dropped $14 to close at $1,227.

Is this a classic bear trap – or will gold stocks soon play catch up?

Only time will tell, but yesterday's action in NUGT could be a very strong sign that the bottom is in.

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