I am getting a medium strength R640 buy. signal on JNUG—its RSI is 40.5—the same as it. was in late June…crimex gold is down .4% & JNUG is down 7.7%…I doubt that I would nibble here cause I. doubt a V bottom is nigh…but I am watching JNUG as a bell weather…if the RSI soon gets down to 30/35, I would probably open some positions for the next leg up…yes, I know, some pundits. I highly respect are calling for. a 4 to 6 week correction and 1420-1450 gold…some are calling for 1380…if stocks roll over the gold correction would [prolly]. immediately end.
https://stockcharts.com/h-sc/ui?s=jnug
The Trannies are up a huge 137 pts and the Russell is up 14–yet stocks look weakish and tentative…just more end game dystopian diagnostic clues…Normally I would. see their strength as a bullish divergence…the entire world financial superstructure is running on fumes…batten. down the hatches…secure the hurricane shutters…