Direxion Daily Gold Miners Bull 2X (NUGT)

[Sgreg]

Over the last 24 hours gold up about 8 bucks and miners drop. Silver also up over last 24 hours. Gold closes at high of day and miners at low of day. Also the action yesterday was hilarious. Inflation fears will make the dollar go down not up and gold go up not down. Yes rates will rise which is a headwind to commodities but inflation is a tailwind and inflation is the stronger force. Gold always goes up during periods of inflation and there are usually interest rate increases. Inflation wins every time. It is amature hour on Wall street right now. Once they get a clue the dollar will fall hard and gold will shoot up and take miners with them. The essence of inflation is the fact prices of tangibles rise while currency falls and yet these clueless "professionals" are doing the opposite. I entered JNUG at close as I see miners being an absolute bargain right now.