Direxion Daily Gold Miners Bull 2X (NUGT)

[SgtJBone]

I think it's safe to say we all play both sides. I jump into what ever is up and moving. I jumped out of Dust only to see what the interview would be about and then I jumped back into DUST as soon as I heard she would be in favor of a rate increase. So with two of them out in public saying they are in favor of rate increases right now as long as nothing bad happens in the market, then they would raise rates in Jan. Nobody will buy gold IMO when they know in just a few months it's going to be worth a lot less, so I think gold is going to go back down for that reason alone next week and take the miners with them so that's why I'm going to see what DUST will do. I jumped out long enough to see the interview and then jumped back in just for that reason. I put myself in the position of buying actual gold for a long term investment, so it wouldn't do me any good to think of gold as a long term investment when I know the value of that gold will go down in Jan. when they raise rates. I'm just using logic here not any charts in this case. It just make sense to think like that. Now if we have a meltdown in the market then I would rethink buying gold but hopefully we don't have another devastating crash like 2008.