Direxion Daily Gold Miners Bull 2X (NUGT)

[Rastignac]

This is the reason why I think gold may be on track to $1200 ± $10. We broke a 6-year resistance trendline half a year ago. For me, this is the most important reason to sit in gold and miners from the technical perspective. What usually follows after breaking such an important trendline is a retest.
We're like $50-$60 from that trendline. If we get there, I'll move even more of my money to silver/gold/miners. JMHO.