Replies to post #16747 on Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

I have to say

I think your commentary is on the money for the longer view, I'm not a gold bug but see opp short term on the long side trade, and why I've been posting ideas for nugt to fill 60 gap

Go into next few years, Fed, CB policy handling will have DJI above 20k, + pres election cycle, etc, it's the only way to feed the goose and retain political power

But yeah - gold to 3k-5k ideas, I don't buy into

http://www.macrotrends.net/1300/gold-at-3000-only-if-bubbles-repeat
http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
http://www.macrotrends.net/1311/asset-price-bubbles-since-1976