Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

And the 'Fed' is meant to keep everything stable.

If you were to hold this in 2016 when gold rallied what did NUGT do? I know the rally abruptly failed, but that was due to the the markets false belief the 'Fed' would be able to normalize/raise rates under Trump.

I know they were never going to try if Hilary had won due to the economy falling back into a serious recession, but most thought she would have been the bees nees if you go by the popular vote. Trump gave the market hope and the 'Fed the best chance it had at normalizing rates through investor sentiment/confidence.

The reason gold resumed its rally is because the market is slowly realizing the 'Fed' CAN'T 'normalize' rates. 'Fed' keeps things unstable and worse it allows those close to it to consolidate massive gains creating the giant wealth gap/inequality..

Imagine where NUGT, JNUG...etc will go WHEN gold hits and inevitably breaks 1900 and oz.

Data leads to technicals. If you know where the data is going you know where the technicals will be..

There will be a lot of miners with earnings in the next 2 weeks that will directly impact $NUGT, $JNUG, $GDX, and $GDXJ. The short term trade will have been buying the lows last week and selling into earnings.(buy rumors, sell news) problem is you'd make 10-20 percent and pay a massive penalty in the form of short term capital gains.

Imagine paying long term capital gains on 100's of percent gains..

Or you can believe the Fed is all powerful and can manipulate recessions away forever..

The 'fed' power hinges on this obviously undeserved confidence through complete ignorance.

“Power tends to corrupt, and absolute power corrupts absolutely.”
-John Emerich Edward Dalberg-Acton

Nothing is forsure except math. 2+2=4



Now imagine the economy tanks and Trump and Capitalism is successfully blamed and one of these serious communists gets in LMAO Serious things ahead..

We need ppl to see Socialism got us here..



Its hard to have hope when I dont know if any of you out there reading this truly understand, but I try.. Easy to buy gold and gold based assets and make tons off the cycle market cycle created by the 'fed' if you get it... ;^)

Glta