Replies to post #45148 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

Hmm.. Looks as though gold will be up, dollar down, and miners within the GDX index produce earnings in the next couple weeks..

https://www.cnbc.com/markets/

I wonder where NUGT will go..? ;^)

Curious where we'll be in a week or two..

Glta

[ReservedRisk]

$USD has been somewhat a safe haven play since may 2018, but is that finally over now? The dollar is looking to completely decouple and becone significantly inverse to $GOLD/$NUGT due to Powell's statement that he would need to see 'really significant' rise in inflation(dollar devaluation) before hiking rates..

Careful what you wish for..



As you can see the dollar has been trending with gold/NUGT in May 2018 and june 2019 due to the false perception the dollar is the prettiest horse in a glue factory. Is this over? Is gold taking the up the mantle as the one true safe haven play?

Will we get a dollar dead cat bounce before the 200 dma break?

Glta