Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

and IF this 'decay' is out paced by a BIG influx of demand...;^)



The reason gold AND miners dipped is the market believed that the 'fed was going to keep hiking/'normalizing' interest rates,of which, gave the false belief the economy is 'amazing'.

Then the 'fed' started stimulus(cutting rates and increase balance sheet by 100's of billions) Causing the current gold rally. Market doesn't have as much confidence in the 'fed' and will have even less when the market turns within the next year. Confidence/USD will only fall further while gold rallies.

Now imagine the demand not being cut short due to the 'fed' being corned with less 'ammo', 'tools', 'stimulus'...etc(already doing QE and rates are @ 1.5)

Smart $ won't be tricked again.(look at Japan)

glta