Direxion Daily Gold Miners Bull 2X (NUGT)

[stonehorse]

My hats off to the experienced traders, but to get to the experienced point it has to be pain in the beginning. I have made another post on the uslv board about gold and silver being close to a bottom. A average person with a long term view is suppose to find quality stocks that has been beaten down for one reason or another. Gold and silver has done this, their stocks are tied to futures contracts through this etf. I feel that a long term investor can buy at these levels and hold for more than a year, forget about the large swings because it will be some and when gold gets close to the old high it will be a huge gain in this etf. To feel that gold is over with as an investment you would have to think that the Europe governments can survive and not eventually go bankrupt, the same with US gov. The money situation is not sustainable in these governments, but throughout recorded history the only thing that has been is gold.