Replies to post #8828 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Bayou Man]

JNUG and its big brothers held up nice considering the days action.

I felt sure once it got down to that $6.20 it was fixing to start running stops to the mid to upper 5's.

But the line in the sand was drawn, and the bids were out the kazoo protecting that $6.20. It did not drop below.

I feel like we will have a lower price tomorrow, as I feel gold will be selling off more for the short term.

Looks like folks are buying the financials, DOW, OIL and so forth. The Dollar and the USD/JPY seem to be in rally mode.

All can change in a moments notice though.