Friday February 15th, 2019 by Mike Paulenoff$NUGT is acting extremely well, which makes sense (as much as anything does these days) because if all of the world's central banks are reverting back to intensive easy money practices to support global growth, then the escape valve is higher prices (inflation). This is not the first time we have suspected this scenario, but it is the first time NUGT's technical set up is on the verge of inflicting serious damage to its Sept. 2017-February 2019 downtrend... Last is 20.23/24$NUGT $GDX Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.