Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

Looks as though the 'media' & the 'fed' are reluctantly signalling a pullback in the markets through visible market insecurities. This comes after the 'fed' dovish stance & reclassification of $GOLD to a tier 1 asset vs what they had it at b4(tier3)..

The "4 horsemen" hypothetical in the video below is pathetic.

Its funny, all they talk about is the 'fed'. This market is a JOKE. If you don't think so, kiss your god('fed') feet.

Let's look at what the fed is doing.

Prior to April 1, 2019, gold was considered a Tier-3 asset. What that would mean would be that a country that would own gold on their balance sheet would only be able to declare 50% of its value on the balance sheet, thereby denigrating the ability to transact international business and, probably more importantly, sell bonds.

reclassify gold as a Tier-1 asset in 2019. I say that to you because in 2018 the central banks bought more gold than at any time in the previous 55 years. In 2019, so far, the numbers reflect an 80% increase of central bank acquisition over 2018.

Putting it mildly, you have the most sophisticated, well-informed, and influential and well-financed investors on the planet rushing to accumulate gold and sell dollars. The only other Tier-1 asset prior to this year were U.S. treasuries and dollars. And so what you would have would be an incentive by the world central banks, evidenced by their selling of gold for many years, to shed gold and to accumulate dollars and treasuries.

https://www.streetwisereports.com/article/2019/12/30/basel-iii-and-bailouts-what-do-they-mean-for-the-markets.html


Get ready! If you don't like chasing buy the possible feb gold pullback heavy.

Glta