Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

I think both the market and gold will have an initial rally in the near term on news of a .25 cut. Then pull back in the short term to test bid support for an up trend.

NO CUT = Dramatic pull back and buy gold low, but stocks will fall like a rock.
.25 point cut= Initial rally into a consolidation/pull back buy gold on the pullback.
.50 point cut= BUY almost anything but DUST ASAP.(Gold long/stocks short term)

PS- Buy gold not stocks on the pullback IMO.

Holding 70% gold holdings long;30% flipping for lower at where ever I see bid/technical support . Out of NUGT.

Too risky to sell more for flip IMO, but I might be a tad to greedy in holding 70% because a pullback more likely then not.

No risk, no reward.

Glta