Direxion Daily Gold Miners Bull 2X (NUGT)

[teifhals]

McDonald doesn't believe the Federal Reserve will go through with the three interest rates hikes that are expected this year. While he sees the Fed indeed raising rates in its March meeting, he believes it will be slower to hike after that.
"You want to buy fear," McDonald said Wednesday on CNBC's "Trading Nation." "You want to buy gold miners into rate hikes. It's a good strategy, and we think it'll work this year," he said.
Once the Fed reduces its hiking schedule, "that's where you'll get your 10, 20, 30 percent pop in gold miners."