Direxion Daily Gold Miners Bull 2X (NUGT)

[IGOIO]

Sickening that NUGT is down roughly 50% in just couple weeks.
IMHO, NUGT will not get back up to $50 unless China, Russia, or the Swiss had enough of the game and announce a gold-back currency and let the physical determine the price, not paper.

As currency war gets worse, I think the power that be will manipulated the paper price to zero if they have to, giving themselves the opportunity to accumulate the real physical stuff for dirt cheap just before craps hit the fans.

I think I'll buy some DUST.

http://srsroccoreport.com/trick-or-treat-jp-morgan-gold-inventories-continue-to-drain/trick-or-treat-jp-morgan-gold-inventories-continue-to-drain/