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Gold and Gold stocks are getting crushed…perhaps too crushed. Bearish sentiment is off the charts.

 

Let’s try a short term levered counter trend play using a 3x levered fund NUGT.

 

TRADE IDEA

Buy to open NUGT Oct 14 calls (expire 10/14/16) 

1.65 debit

 

These are the weekly options that expire next Friday.