Replies to post #10948 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[SgtJBone]

The bottom fell out of the dollar but gold still hanging way down. Any pop in the dollar could send it back down and that's the danger.

[SgtJBone]

I'm still hoping that what I seen in the charts comes true. I told someone that gold would bottom at around $1242. The last few pushes down has been about $20 higher lows than the last, with pushes higher than the last with the exceptions of the last two stalling at resistance. My theory is that this next push up will finally get past $1300 on gold. If it doesn't pass then that's three strikes and could turn it into a bear market again.