Direxion Daily Gold Miners Bull 2X (NUGT)

[Watchtower]

My own honest view is that the "natural" dynamics should take it up, but the "unnatural" ones may attempt to take it down. Which will take the trend? We shall have to see..

Renewed bullish sentiment on oversold miners, some prior bears turning their sights as well..

I cannot predict, but I am preparing to bank off either direction. I am leaning towards the bullish view since it is true the the miners are oversold and technicals are supporting short-term reversal. For long-term, definitely bullish. I don't care what manner of manipulation transpires, the long-term is definitely bullish for precious metals - and I daresay that is a captain-obvious statement. Just my own opinion, I am forever a fellow student of the market and am eager for the next lesson.