Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

Thought this was an interesting perspective to consider from another website.

"Nationwide maternity wards are packed with millennials having babies. Imo we should have a near term consumption cycle starting followed by a longer term inflationary cycle in a year or two. We should also factor in the baby boomer transfer of wealth via vacated jobs and inheritance to our inflation outlook. Near term gold prices are more a measure of fear but long term we should see real inflation beginning relatively soon. Due to the emotional attachment that so many have with gold I have to assume that a new low will be put in before all time highs are broken.

Near term GOLD may go above $1300+ but G)LD Below $1000 is where I would start to commit long term/legacy money."