Direxion Daily Gold Miners Bull 2X (NUGT)

[trdwatch]

warren buffets gold target 550

lol, No, I believe his goal is to keep his owned stock up as long as he can before he sells it all and his gold in his Liberty Safe. He's been a political tool in front of the cameras, not much more.

He's not selling his gold. Just an FYI, a supply crunch started a few months back with gold/silver producers that will take a few quarters to be really realized. They started putting the manipulators between a rock and a hard place at these current prices because they can. And the CB's know it now. It’s the first time they’ve had to deal with the POG and real inflation. I don’t think they seen the cutback in producers supply coming. The business is cutthroat but there is also solidarity when pushed to a zero profit limit. They’re talking to each other, I guarantee it.

So now we seem to have a conflict between the commercials flipping back with the Fed’s, and the large spec’s flipping to level off the take down, (by design? Don’t know yet) and the producers holding back the supply. The next five years will be very interesting with the thick smoke falsely holding up the world currencies.

P.S., thanks for the current stock split info.