Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

Well lets play it out..

Say the 'Fed' doesn't cut. What will happen?

Imo, the saturated market will have a serious sell off and the fed will be blamed by the people and the president.

And possibly cause a socialist to come to power and completely destroy the markets.

https://www.usdebtclock.org/

'Fed' is cornered. Interesting times ahead.

Gold or most commodity based assets have very low risk high return long term. Silver miners have serious room imo.

$EXK $FSM

There's few silver miners worth buying. Which will further limit risk. On top of the gold to silver ratio peaking, silver being a laggard to gold makes it easier to predict trades, outperforms gold on a % based, it also is more volitile.

Even my major gold mining holdings are heavy silver producers, but used to be primarily silver mines. They've had to conform and adopt gold mines due to the serious bear market in the metals.

$HL $CDE

If I were to bet in the near term we break upward not downward, but the best part is ppl can be confident it will be higher in the long term. so either way you'll be able to sell higher. Worst case scenario would be a big bounce off the 50 dma for a week for gold..

$NUGT great for trading.