Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

While I think it's "likely" they raise a 0.25% (just because the market is "expecting" it)...I don't believe it's beyond possible that they kick the can, yet again. If they kick the can, the reaction will be dependent on what reason they give for not raising. i.e.-they see headwinds in the economy. If they say something like this, Gold will skyrocket and the over-blown market will implode. Even if they do raise, I'm pretty sure that's already baked into everything at this point. I continue to read reports that put the likelihood of a Fed raise at 95-100%. By the time it actually happens, it's a moot point.

As for the Sharia law thing...I haven't read much, but if I read correctly...it mainly opens them up to trading paper GLD. They won't have access to miners (GDX, NUGT, DUST, etc). So, not sure what the impact will be?