Direxion Daily Gold Miners Bull 2X (NUGT)

[Rastignac]

It's the same story every time. When gold flies high, most people make predictions it's going to fly higher, despite overbought indicators. When it dips, most folks expect it to go lower, ignoring oversold indicators.
I didn't believe all of this "herd" talk, and "buying high, selling low" types of people but after some time on this board I do. I really do.
Of course, everything cheap can get cheaper and vice versa but STATISTICALLY you shouldn't expect that unless you have a very strong REASON to do so.