Direxion Daily Gold Miners Be (DUST)

[Nightridertwou]

The .618 Fibonacci was hit yesterday ( 1182) and a gold bounce is in the cards. We will see what happens tomorrow on a short day. I'm thinking if NUGT goes down to that 7.20-7.30 range to take a position. We all know they will raise the interest rates next month. With that said I believe the interest rate raise is going to run out of gas early and as a a result the dollar will reverse sooner than later still with room to go a bit higher but once it reverses a gold rally will ensue. JMHO