Gold looks to have put in a daily, and possibly an intermediate cycle low, on July 10. We exited our NUGT trade last week because we expected that it might turn lower when GDX reached its 50-Day Moving Average (DMA). As you can see on the chart, GDX slightly broke above the 50DMA, and then dropped hard yesterday. Since it is still early in the cycle, we are going to repurchase 5% NUGT. Tomorrow there … read more Trade Alert