Replies to post #2428 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[CowBoE]

Not likely...dollar is destined to move higher because
Japan has been working to devalue their currency for 2 years now,
and Europe started doing it since May this year.

Many countries in Asia and Europe are also looking at more QE,
whereas US is trying to end it and raise rates,
and that will attract more money into USD.

Other than daily up/down fluctuations, look for dollar to be on
uptrend through roughly first half of 2015 when Asia and Europe's
economy start to improve.

And this is what's going to drive gold down further...
unless oil can rebound, which causes inflation, and
that it will help to bring up gold.