Replies to post #44159 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Yep. That's why my attempt yesterday was a day trade only. Took the L and moved on. Folks that are assuming it's the same as it always was...are going down a slippery slope.

The entire sector is breaking out. From metals to individual miners. Literally, everything. I'm not saying there won't be minor pullbacks along the way...but it does not appear there will be a significant correction at this point. GDX seems to want 31's no matter what.

The only hope for DUST short-term is that this is wave 5 of this move and it tops out soon. Then, it could definitely get a solid pop. The LT charts just are too bullish right now to think this trend is going to change overnight (unless the Fed doesn't pull the trigger on 7/31, then it gets wrecked).

I did too many trades yesterday, so no cash to be in NUGT today. Tomorrow is another day. :-)

[trunkmonk]

I can only say the sharks and whales are coming, some are here, technically almost worthless to fight them. I’ll wait till current is more natural and orderly. Big money is buying physical, it will override and synthetic manipulation until it doesn’t. I see 1450 this month.