Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

If you go back and actually read the posts here from when gold was at the highs...you'll see that I was saying gold was overheated back then. The only reason I sold my DUST position at a huge loss was because Kim Jun kept launching rockets like they were firecrackers...and the uncertainty level wasn't fading. Of course, in hindsight, it did (as it always does) and thus the sell off ensued. I also called for a pullback to this exact level back then too. Now, here we are. Let's see how the next few days unfold before declaring a 'bear market'.

PS- yes, gold is down 65 points in the last 3 weeks...but it's also still up 100 points from the low back in July. Nothing goes straight up (or down) in a direct line.