Replies to post #45145 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

If I saw a major correction coming I'd sell my long positions, but I dont see what would cause gold to go down dramatically. Unless we found a mountain made of gold affecting supply.. I dont see a serious breakdown until after we break all time highs and set some records..



There might be a good flip opportunity for selling half at most of my miners @ 1900 gold in 2020, but thats all I could see that would be worth it.

We will see.

Glta

[weazelboy]

Also NUGT follows gold and the confidence I have in gold would cause me to hold NUGT through the volatility as I have with all my miners that produce comparable gains and somtimes beat NUGT and JNUG.

SMH. This statement right here proves why you are clueless to how NUGT actually works.

Do you know how many times over the last year alone that Gold has rallied hard and NUGT hasn't done squat during the same time period (sometimes, even goes down)??? Just because NUGT has fared well against Gold since you've arrived on this board doesn't mean that's always true.

You'd hold through the volatility??? LMAO. You couldn't even hold for a day last week through a tiny 5-6% down move...let alone holding during a 40-50% drop. C'mon man. LOL