Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Bro, I'm really not sure what charts you're looking at...but the USD is breaking down HARD after getting rejected at support twice in the last week or so (EDIT: after looking at the chart, "technically" it's had 4 candles/shots at breaking resistance...and failed all 4 times). It's fallen not only out of its rising trend line, but also out of the upward triangle. USD could be ready to get pummelled in short order...



Conversely, Gold is running towards breaking the falling channel as I type this (not sure there is enough time left for a full break today). Barring a complete collapse in Gold and GDX in final 30 minutes...this appears to have major carry-through to Monday...