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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thinking about investing $5k into GDXU. I'm betting gold hits $5k in the next year if not sooner.

Thoughts from other gold investors?[/quote]

I have a bunch in it. If we don’t raise rates or do stuff to counter a falling dollar that would be good. It’s insane how much this thing goes up. Also, look at NUGT and SHNY.

I mean fk it. I’m buying all 2x leveraged tech stuff like AAPX, LRCX, and QPUX and just holding on for a while. This is a frothy market. It’s a crazy market. Buy some leveraged Rigetti and just let it rip for a few months. Who fking cares? Fortune favors the bold.[/quote]

Are you day trading GDXU or holding it? If so, how long have you owned it?[/quote]

This thing is a 3x leveraged etf and subject to leverage decay. That said. I have been holding for a month and it’s gone up like 80%. I see continued inflation, dollar decline, investor “uncertainty”, and the like for the foreseeable future. Or at least 6 months. I mean I am letting it fking roll. Gold is on a fking tear right now. People don’t know what and where is safe to put their money. The world is also on a gold buying spree.

So yeah, I’m swing trading it. But holding for a least another month. During this time I am also buying 2x leveraged stocks like LRCX and aplx that are sort of data center related. Might as well play it crazy with the ai boom while that lasts.

I’m sure all the fuddy fussy folks on here who think just buying VOO and waiting 30 years are aghast. But this is so fun. I buy boring azz index funds in my 401k as well, but swing trade risky stuff.[/quote]

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