$JNUG - gold miners ETF - popped up on my scanner today as a potential play for tomorrow.

Up on Friday, low float (3m) and currently trading at 6.16 - trading volume has been increasing steadily over the past month too.

I'm going to see how it moves in the morning and may take a position with the intention of holding for the week. If it drops to $6 i'll be out of there but I can see it going up to the 7.90s maybe higher by the end of the week.

Conversely, if I'm wrong about my long, I may consider shorting this if it falls below $6 as it could test support at $5.

Fed hikes in the past have defied popular belief and actually correlated to a rise in the price of gold.

In December 2016, after the interest hike on December 14th, the stock actually plummeted by about 20% - however, this is the first non-December FED hike in 10 years.

The reason the Fed are rising interest rates again (which they are going to be doing 4 times this year in total) is so that when the recession comes along, they will be able to have leverage to decrease interest rates back to 0%

Investors and fund managers will have already begun modifying their portfolios to protect themselves from inflationary pressures and that, I assume, will intensify this week.

Investors are known to typically buy gold when they fear financial danger - gold has its preserved wealth through economic depressions and stock market crashes of the past...

Check out this Investopedia article:http://www.investopedia.com/articles/investing/100915/effect-fed-fund-rate-hikes-gold.asp

The Street also published an article including JNUG 7 hours ago here: https://www.thestreet.com/story/14037710/2/how-to-trade-the-week-s-most-active-stocks-amd-jnug-finisar-and-more.html

Would appreciate any feedback on this - let me know what you guys think?!