Direxion Daily Gold Miners Bull 2X (NUGT)

[Surfint]

It seems to me that the pop on extended QE (stimulus) by one month is being priced in and might not last very long. The dollar also dropped to a recent low.

I'm not sure where this stacks up relative to a season for gold.

I've decided to play tight channels. GDX's rise today is on low volume ( implies that it cold fall back even though nugt/dust were more excited about it ( both have higher volume)).

I switched back to a channel strategy because a potential " season" for gold could come into play.

But from what I hear/understand ( reputable analyst), gold needs to come down more at some point between now and Jan. to flush out more miners.