Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GLD - The Last Drop. Bought NUGT Today

|Includes: SPDR Gold Trust ETF (GLD)

I bought NUGT at $4.55 today.

The reasons to buy:

1. Almost all small investors gave up gold/silver stocks now; 99% institutions are called exit;

2. Daily chart shows that it is at strong support at its down channel;

3. Stochastic indicator gives a double bottom buy signal.

Disclosure: I am long NUGT.