Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Last available post of the day, but had to comment on your monthly chart comments...

You are dead on!!! How does it "suddenly" stop holding after 4 years with little to no effort? OH, let's mention this is all on volume declining for the last 2 years. Also, look at Stochs and Williams...both bull wedging. OH, OH...and money flow is IMPROVING. How likely is all of that to happen at once? LOL.

You can say that Gold won't be 1400 by end of month (I don't think it can, but 1250-1300 is feasible) or that GDX can't be back above 50 MA by end of month...but today is the half way point...and if they can drag it down here in 15 days...I sure as shit know they can take it back up just as quickly. That's a win in both directions for those in control. Burned the shit out of the longs first half of August...burn the shit out of the shorts in second half of August. Maybe?

Certainly am not declaring that is going to happen (and still expecting further downside out of gate tomorrow), but you kid yourself if you think it's impossible. OHH...and when's all that "seasonality" BS come into play???? LOL

WB out (at least until tomorrow).