Direxion Daily Gold Miners Bull 2X (NUGT)

[eddyimano]

Awesome!

Uncertainty over whether Trump will back the House Republican tax plan is another reason Druckenmiller bought gold, he said. The Republican leadership has proposed a 20 percent border-adjustment tax on imports as a way to encourage more manufacturing in the U.S. If instituted, that plan could lead to as much as a 25 percent gain for the dollar, according to various analysts, which would - in theory - lead to a crash in the price of gold. Needless to say, Druckenmiller is therefore not a believer that the BAT is coming any time soon.