NUGT has reached the initial target of 16.74 and closed at 17.30. If this trade was entered at the trigger level of 12.33, the closing price represent a gain of slightly more than 40%. It would be prudent to move the stop to the initial target to protect the gain or scale out a portion of the position to lock in some profit.
(click on the chart to enlarge)
GDXJ is 9 cents away from reaching its initial target. If the target was reached and the trade was entered at the trigger level of 24.98, a gain of 17.5% would have been attained. One should consider setting a stop to protect majority of the unrealized gain while it continues to move toward the target.
AU has reached its initial target. If this trade was entered at the trigger level of 8.80, a gain of 22.4% would have been realized with today's close of 10.77. The closing price has exceeded 2R and one should consider either scaling out a portion of the position to lock in some profit or use a 2 tiers stop to protect unrealized gain (first stop to lock in profit and second stop to trail.)
AUY has reached 1R level, one should consider either move the stop to breakeven or scale out some to lock in partial profit.
ABX has moved back above the trigger level after the pullback from initial trigger. It has also pulled back after it has filled the price gap today. One might consider tighten up the stop to reduce exposed risk. (note: the chart for ABX is an intraday time frame chart)
