Direxion Daily Gold Miners Bull 2X (NUGT)

[sumotrader]

Given that NUGT/JNUG tanked even when Gold was flat or slightly up would suggest further pain for the miners, especially if we see 1190 Gold that many are calling for.

$USD not showing any signs of weakness and still putting in higher highs. With so many headwinds it would take a MAJOR geopolitical crisis to get Gold turned around anytime soon IMO.

I got me arse handed to me today betting on an early technical bounce today, hope you did better.

Sumo