Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

This is the most manufactured move in Gold we've seen in some time. USD is only up 0.3% right now...and gold is down 20 points and over 1.5%. Literally, straight down since COMEX opened.

And yes, if you draw that bottom trendline slightly different, the price has bounced exactly off of it today...which is where it bounced the last time it hit it on 11/14. If that trendline gives way on a closing basis, we are going to 21.50-80 range on GDX.