Replies to post #30377 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ash111]

Political noise, Fed pushes euro below $1.05 http://mobile.reuters.com/article/idUSKBN161035?il=0

The mewing is that's the bottom.as I mentioned before EUR/ USD could be 1.20 and above the coming months.

[MD-420]

I agree to a degree. I think a slow steady climb of the dollar is actually good. Or, maybe it was the range of 101.40-101.50 that gold liked yesterday. When the dollar index was outside if this range on either side, gold pulled back.

Take a look this morning and you will see that gold and the dollar are higher than the close yesterday. Slow and steady up on the dollar appears to be good for gold.