Direxion Daily Gold Miners Bull 2X (NUGT)

[SgtJBone]

I remember that you said the same thing to me last year but, it's already dropped $65 as of right now, and dropped under a key support level around $1296. Honestly I don't think it's looking too good right now. I wouldn't try and be a bull right now. I made my first move over to the bear side when gold topped out. The RSI on Gold, GDX, and GDXJ were all smoking hot. Everything cooled down for a pullback shortly after; but now gold looks like a reversal after dropping passed $1296.