Direxion Daily Gold Miners Bull 2X (NUGT)

[SgtJBone]

I'm just going off of what two members of the Fed has stated that they would like to do. If they convince the other members to raise rates then it will happen. Nothing we can do about it. I never said that rates will increase only why gold is doing what it's doing. Nobody wants to take a chance now with two members saying that they would raise rates because if it does happen then you know the value of the gold you buy today will be worth less in a few months. Nobody is going to take a chance on gold now with these two saying they would like to raise rates in Jan. I wouldn't look at buying physical gold with that possibility over my head. I may have to look at a bond ETF to get into before Jan. along with NUGT and DUST. Everyone knows that rates wont go up this month but because of these two people opening their mouth I believe gold is done. Even the dollar went up after her interview. These people just have too much power, but I do think if we don't raise rates the market bubble will pop, at least with a rate increase it could just slowly deflate the market. If we don't then we'll see something worst than 2008, and then gold would go back up to levels we haven't seen since then. I don't want to see our country go through that again just for gold to go up.