Replies to post #37815 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Well, that didn't take long....

Granted, this hourly period just started so a long way to go to get it to close back in the flag, but if it continues and stays below...break of flag confirmed.

Gold is actually acting the way it should (at the moment) in response to this! Of course, we have to get past the 11:00 ET hour when the "whoops" 4.1 billion sale of gold happened last Friday, so we'll see if it continues.

NOW, c'mon miners...literally EVERYTHING is in your favor right now. Break this resistance for crying out loud!