Replies to post #45087 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

You were right.

Lost a couple %

[Citrati]

No erosion of your skills. :-)
Nice work and call.

[weazelboy]

It's either trying for this...

PSS- If you're holding, you gotta hope (not a good strategy) this is a shake before a whipsaw higher. EMA 4 has not negatively crossed EMA 8 as of this post.

...as move this morning coincides EXACTLY with the EMA 4 about to negatively cross this morning at the open price.

OR

This is just a gap-fill on intraday charts from yesterday morning prior to resuming course lower.

FYI, IMO the Gold weekly chart is not ready to turn higher. Of course, all it takes is for some typical shenanigans on Fed announcement tomorrow to change that. Gamble accordingly...

[ReservedRisk]

Do you factor higher gold prices into your $NUGT trading? If so, why would you see gold going down in this environment?



What do all these traders have against gold? There's so much bias in the market against gold. This will only help squeeze the price much, much higher.
(When they finally believe in gold and not the ponzi called the 'fed' it will be time to sell)

I get the feeling all the smirking when gold is brought up in conversation will be ending soon..

Glta