Direxion Daily Gold Miners Bull 2X (NUGT)

[Rastignac]

LOL, i gave you my reasons 3 days ago and they were ON TOPIC. You have very short memory:


Rastignac Friday, 04/21/17 09:08:19 AM
Re: nyy13 post# 33463
Post #
33464
of 33531 Go
2 things:
- The last jump from $1250 is only (geo)politically driven
- When you chart all time resistance and all time support you'll see that there's plenty of room for gold to jump back and forth. It just seems to me it's to early to get out of it.

Gold consolidated around $1240 a few times already so it's a natural support, at least for some time. I'll be buying NUGT again when it gets there OR when we break $1300 because of Le Pen/North Korea.

I'm not saying that's 100% just that it's the most probable course of action IMO. trunkmonk, for example, looks at it differently and only time will tell who was right.