Direxion Daily Gold Miners Bull 2X (NUGT)

[zambono]

It seems we are just more forward thinking. The market was pricing in that there wasn't going to be another rise in the rate this year for some reason and the fed has indicated that there probably will be. I actually doubt it since there are still a lot of head winds. The day or reckoning will come, the question is will the gold longs still be around to see it and will our positions not have decayed to oblivion. Gold is still a good ways up from the the beginning of the year, but look at the miners it's like if they are going o loose money or something. These gold etfs, and probably the rest as well are overrun by software that fleeces investors like us. I would have outlawed any kind of software trading years ago, or imposed a time delay on their transactions.