Buy Gold – using NUGT JNUG day trading entry on a swing position

Buy Gold before Federal Reserve meeting.  I wanted to pick up a swing trade in gold with out having to go into a futures contract to lower my exposure on this trade so I picked NUGT. This is the trade on NUGT at 18.39 on 9-20.
Looking for a target of 21.50 and long term target of 24.50 with a stop at 17.28
This is a swing trade but entered on a day trading postion with initial risk of .40 a share.

Trading is very risky pre fed

This could be knocked out on the open, if there is a major sell in gold positions or a rally on the dollar.

Technically we have hit support after a move down from about $25.  This support seems to hold today so looking for a bounce up on the open.  We shall see.

Buy Gold with an emphasis on the miners.  JNUG showed a very low risk entry for my system.

Another BUY GOLD related stock. JNUG the junior gold miners. 

This also showed major support testing down to 17.45 during the trading session.  With a major stop at 16.98 and a target of 21 and 25 this was a risk reward ratio that I was looking for.

The inital risk on the entry was only .35 per share so this was another Gold buy related to a large move down from 25.42 to a major support around $17 then a bounce.

Pre Federal reserve trading is very risky, do not attempt this without experience and knowing how to place stops.  Stops are not guaranteed with stocks and you could risk a lot on this trade.

BOJ and PRE FED sound like a train wreck for the markets but this pre presidential race Fed meeting could be quite dovish.  Although the head of the Federal Reserve or the American Banking Cartel, is chosen by the President, they are supposed to be impartial in political races.  One of the reasons this will be a dovish session will be keeping the markets stable through this election period, supporting Obama and therefore Clinton.

Today could give us direction either to support markets and maybe set in the move to break the highs in S&P 500 or take it down for a correction.  My guess is more consolidated trading, move back up and chop to new highs.

We shall see.