Direxion Daily Gold Miners Bull 2X (NUGT)

[Sgreg]

Be patient I'm confident that a rise in gold stocks will come soon. You need at least 2 to 3 weeks of market meltdown for people to roll into metals. Also we haven't had any real inflation since 2007. Let that inflation kick in and watch what commodities do. 3 weeks ago I went into UVXY. I did so because of how over bought the market was and how suppressed volatility had been for so long. I also saw huge imbalances in charts. I'm out of volatility now but things are different now. We now have a market aware of inflation which there had been none for over 10 years. Commodities, gold stocks, volatility are the places to be in this new environment. The market will be fine after it settles down some as the economy is doing well. The volatility easy money has been made for now. I expect volatility to slide back and hang around 15 for VIX within a month but no more VIX under 10 stuff. Those days are over. This is a market that has been missing inflation for over a decade. Gold and other commodities and gold stocks should thrive in an inflationary environment. Volatility will be fun and there will be market swings. I expect the markets to be flat to a little up this year because again the economy is good but inflation will cause big market swings. Allow investors time to get their head around this new market and I'm sure as always gold and commodities will be the place the put a lot of their money. Many didn't see this coming at all so they are deer in the headlights. Give time for them to adjust and understand we are entering an inflation period and you will see money come into commodities.