Direxion Daily Gold Miners Bull 2X (NUGT)

[Sgreg]

Imo this is a great environment to buy gold stocks right here. The two main reasons to buy gold silver or gold stocks are inflation concerns or stock market turbulence. In early 2016 we had a market correction and gold stocks went nuts. The last time I remember any real inflation was the couple of years before the housing crisis of 2008. I remember gold and gold stocks doing great in 2004 through 2007.

If you look around we currently have a correction in the markets and at the same time inflation worries are starting. It won't matter if the fed raises rates. That won't make gold go down. Inflation will over power and make gold rise just like in the past.

Gold is very reasonable right now and silver is cheap. Gold stocks are at great prices. I also like the chart setup. Plenty of room to rise. It usually takes a few weeks of market meltdown before gold stock rise. Add that inflation is here as well and I can think of no other asset I would want to get in at this moment.