Replies to post #10220 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Stocknawe]

Yep, but typically gold is a leading indicator for the mining sector as a whole, today and yesterday it's been lagging, when it cracks 1285, watch GDX go higher. Usually after several failed attempts at a breakout, the issue will trade lower, or tank, but gold today seems to be consolidating at 1284-1284.50, perhaps like a coiled cobra getting ready to strike. Right now gold and silver are Tweedledee and Tweedledumb, seemingly clueless and without true direction. :)

[SilverSurfer]

Monday's reversal was key