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Crude up 1.70-Comex gold UP .80 & the $ is down .210–JNUG down 6.85%–JNUG May 3rd $8.50 call is .11 cents
–I was thinking JNUG in the 6 or 7 buck range would be a buy–that’s down from a Feb. 18th 2019 high of 12.36…right now at 7.29 that’s almost a five buck discount and seems like a good place to buy an initial position…I’m just not sure that gold is a viable investment vehicle anymore…now does that opiniom make this the greatest contrary indicator ever? In any other market, I might say yes…but I’ve never seen, in 25 years, a more world-wide concentrated effort by the official govvie sector to remove gold from the investment landscape…so weird…countries are buying gold and capping it at the same time…