Replies to post #26043 on Direxion Daily Gold Miners Bull 2X (NUGT)

[DownWithPumpers]

Bullish sign for gold IMO, market doesn't see the gold drop as affecting miners profits that Much so signalling not a strong bear.


False beliefs are bullish? That's an odd position to take.

What it actually signals is lots of investors are averaging down, because they're unable to admit gold stocks are lousy investments right now.

[GuTA]

I think it's less about how much the market thinks miners profit at today's spot price and more about where the mining market sees gold prices heading into 2017