Direxion Daily Gold Miners Bull 2X (NUGT)

[Surfint]

Gold prices and oil prices both climbed 3Q for miners. Many larger miners ( making up GDX) have "buy ratings" and appear "undervalued" based on consensus price targets.

If they cleaned up operations, balance sheets, etc. 2Q, they might actually look pretty good this earnings season.

As for the outlook for gold ( and what they might say during earnings CC) .... Seems like that if gold bottoms (lower) between now and Jan '14, they ( the better miners ) might mention it in terms of forecasted 4Q....

Wait a minute, Silversurfer mentioned "demand" .... With "fewer miners producing" (see article), with constant demand (maybe it's growing in China, etc.), then the supply wold be coming from fewer producers ( thinking out loud...sorry)......ok, better revenue most likely for the survivors.

(Re-thinking it )Earnings season might actually look pretty good for some miners.