Direxion Daily Gold Miners Bull 2X (NUGT)

[Tinkerer]

Good advice. I would add one caveat: gold may or may not be back below 1200 in the coming months. Physical supplies are tightening up and the economy still needs artificial supports from the feds to prop it up. I'm not recommending anyone be a bagholder here, but there is a strong possibility this thing runs for 2 months, into late September, and then cools off for a while. The economy is not recovered; the fact that the feds have to keep propping it up proves that. Take a wild guess what that means for the price of gold in the next 2-3 months?...and tack onto that the usual seasonal run-up which occurs right about now most years. We have a Northbound catalyst for the foreseeable future. Profit takers will hit first thing this morning, and then up we go.