Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

SMH. What has this board turned into??? It's a hype-train based on theory's of collapse and grandeur.

So many congratulating themselves last night and talking ridiculously high levels for Gold/NUGT instantly based on a geopolitical move...only to wake up to see the entire move wiped out when reality sets in. For the umpteenth time...MOVES BASED ON GEOPOLITICAL ACTION ARE NOT THE TIME TO MAKE DECISIONS for NUGT (or really for Gold either). If you're in when they happen and can take advantage, awesome/congrats.

Also, FYI, I keep reading this on here, but...NUGT/JNUG do NOT have to "catch up" to Gold...read a freaking prospectus. If you want something leveraged based directly on Gold moves...trade UGLD/DGLD, not NUGT/DUST.

You can be bullish something, I have no problem with that...but be realistic for crying out loud. All JMO. GL!

EDIT: ...and I will add, GC chart shows it's way overheated on negative divergence. Current daily candle in process is nasty. This does not look like the beginning of a move to me, rather, the end of a move (at least for short-term).