Direxion Daily Gold Miners Bull 2X (NUGT)

[willmakeitrain]

No. In 2009 at bottom gold was 750.00(after a record breaking 1000 oz)---- oil bottomed at near 40.00 after a record breaking 140.00 a barrel.

now gold will bottom near 1000 (after a record breaking near 1900 oz) as oil depending on who wins OPEC...or the Bakken.... near 40.00(after its clockwork stairstepped run back to 110 --5 years later

*golds 1200 support is not holding----1000 is the only true support gold now has. It's next drop thru turns 1200 back into resistance and a cap line per chart technicals.


**trend lines for both commodities are of an upwards lifespan move----its all on how long u want to run the chart out for...
My point is learn the true bottoms of each per technicals.
these 2 sectors will be our (traders today).....THE NEXT GREAT BUBBLE IF YOU (the trader) WILL LEARN THE CHART'S HISTORY.


until than--hedge the yellow stuff :)