JNUG update

Folks, all I can say is that these extreme daily losses are buying opportunities when they occur so late in the wave count.  Now is the time to begin dollar cost averaging into an unleveraged position.   They say that we should buy when there is blood in the streets.  Well the metals and miners are being shot in the head all around us.  This is panic, capitulation type selling and the momo crowd is all over it.  When the reversal comes, AND IT WILL COME, it is going to be fast and furious.

They say that you make your money in real estate when you buy.  In other words, if you buy it right, which means at a discount of some sort, you will have no problem selling it later when whatever panic which caused the last person to sell subsides and all of a sudden what was considered old is made new again by a new set of buyers.  That saying is not just true for real estate, it is true for any asset that is being bought for speculation that you will be able to find a greater fool to sell it to at higher prices. 

Not long ago, JDST (the inverse of JNUG) was selling for $8.75.  They hated it back then.   Today it peaked at $42.  I do not know whether or not its count is done but I think it is close enough to begin buying JNUG.  As mentioned here, I picked up my first 15% tranche at $3.39.  I will likely do another of the same size tomorrow.  I don't care what the price is anymore  because the wave count tells me that this thing is very near a serious bottom.  It might have already bottomed @ $2.81 today but I don't care if it dips to $1.50 and in fact I hope that it does because I will pile in even deeper.  The juniors are not going out of business.  Not yet at least.  During 3 of 3 of the deflationary crash down?  Well I'm not so confident about that.  But not right now.  The game is just barely started.  Super massive profits lie ahead for those who understand that these swings are just that : SWINGS. Ridiculous volatility is one of the key signs of the end of this fraudulent money system!  What it is in essence saying is that the herd is having a hard time figuring out how to price things in dollars.  This is not a fault of the herd, it is simply due to the volatility of prices on assets that the herd is observing.  Prices rise to the skies and then over a short period of time and in some cases overnight the pumped asset collapses 20, 30, 50%.  I'm talking about evertything from IBM to BBY to NFLX to AMZN to FB to you name it.

For JNUG, the key is to keep your powder dry until the wave count at least gets 5th wave ballpark before moving in.  Then given that the herd has significant discretion over how it finishes a given wave movement (thus making it semi chaotic in nature), average over time so that you will not buy too high with all your money, then get plunged lower, thus forcing you to panic sell and then the shares take off without you.

Let's talk again when this is trading north of $30 (yes, a ten bagger) in a few months.  Perhaps January or so.  Until then enjoy the chart below.