Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[THREE-DAY-TRADER]

Short term Gold/GDXJ/JNUG has a chance to rally (like it is today some it seems) whether it be for temporary $USD weakness or for short covering reasons. However longer term I personally am bearish Gold in the current bullish stock market, strong $USD, & interest rate increasing environment.

If the stock market & economy stay bullish for a couple years yet or more in terms of trend, we could easily see a re-test of 1040 area lows on Gold or down toward 900-1,000 before it finally bottoms (and Silver @ 9-11 area).