Replies to post #20300 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Lowjack]

Looks like some Democrats were not paying attention to last months Fed meeting where Powell said that tapering wouldn't happen soon if at all.

Now that they have sold their Gold and went short, they can't cover their shorts and also repurchase their Gold at a decent price.

The only way tapering can happen now is if the US does not increase debt limit to keep the ponzi scheme going.