The silver chart did not fully close the 3rd wave gap yet and so there is a good chance that it will be down the AM trade to do so. Maybe JNUG will go down with it, maybe not, but if it does, I will be doubling down on JNUG because it will almost assure that the recent sell off was a 2nd or B wave. We won't know which until after the dust clears but the move up on silver to close the gap at 15.28 would have a profound effect on JNUG, probably skyrocketing it up to $4.85. That would be some nice percentage points folks.
Monday, November 10, 2014
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