Shesa's Investment Blog

Since last few weeks NUGT has been going down. Currently, it’s trading around $20. As a matter of fact, this ETF is down almost 27% since it was added to my portfolio.  There are many issues surrounding this downturn. However, if we also won DUST, which is the opposite of NUGT than we need not worry as it’s up more than 100% since the time it was added to the portfolio. Let's quickly look into some of the factors impacting NUGT at high level.  At this point, I am putting an HOLD to NUGT. I will re-evaluate after some time. But let's analyze the Pros, Cons and Strategy. Cons: i. US Dollar is almost at its 4 years high. Strong dollar hurts the commodities price and so also Gold. Dollar has been on the up turn against all the major currency viz. EURO, Pound, Yen etc. This is a major catalyst. ii. Continued strength is US stock market. Investors are expecting better return with equity rather than gold.  iii. Tame Inflation. Inflation is very lo...

                        21 September 2014 SEPTEMBER 2014 Investment Blog Shesa Nayak    U.S. Stock Market Commentary Hello and Welcome to my September investment blog. This month I do have a lot of updates so please read with patience. The US Stock market made further new high last week. DOW Jones closed last Friday at 17,279.74 , S&P 500 closed at  2,010.40 and NASDAQ closed at 4,593.43 points . DOW and S&P 500 hit new all time high before giving up some gain towards the close of the market.   The inflation readings remaining moderate and the labor market have modest pace of improvement. Based on Fed’s view, the stock markets have begun to adjust expectations for interest rate hikes starting in mid-2015. Current US Stock Market Trend and Wall Street this week The U.S. economy produces almost a quarter of the world's wealth. T...