Direxion Daily Gold Miners Bull 2X (NUGT)

[CowBoE]

NUGT range bound to $14 to $17 for 7 trading days, and prior to that it was range bound to $10 to $14 area for about 10 trading days.

Right now, gold seems to like $1190 to $1200 range.

According to the polls on Kitco news I read last night,
some 97% of traders are bearish on gold!

So, is gold bound to go down some more?
Or does that mean all shorts have shorted already, and gold can only go up from here?

That's the million dollar question... LOL