Direxion Daily Gold Miners Bull 2X (NUGT)

[dude iligence]

chart read By: tradingspaz
19 Jul 2013, 10:26 AM CDT
Rating: post rating 5 Msg. 1261082 of 1261275
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NUGT$6-$6.20's/Gold $1294 chart higher lows forming wedge with the big gap down ($7-$8)and the the 50ma above. Nice set up for a big rally to close the gap and punch the 50ma. Gold chart pushing $1300 level for a move above $1300 a retest of April May lows would be $1340-1375 approx.
http://finviz.com/futures_charts.ashx?t=GC&p=h1

http://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=3&dy=0&id=p64074157078

Here is some of the larger holdings it tracks GG the largest at 16% of the index

http://stockcharts.com/h-sc/ui?s=GG&p=D&b=5&g=0&id=p83231509303

http://stockcharts.com/h-sc/ui?s=ABX&p=D&b=5&g=0&id=p26385895889
http://stockcharts.com/h-sc/ui?s=NEM&p=D&b=5&g=0&id=p43279498866


UGLD 3X long Gold

http://stockcharts.com/h-sc/ui?s=UGLD&p=D&yr=0&mn=3&dy=0&id=p89028476308

NUGT/USLV/UGLD are all good trades right now.