Replies to post #224 on Direxion Daily Gold Miners Bull 2X (NUGT)

[properlynumb]

You and me both!
I didn't expect it to drop.

I'm holding tight and have a few bucks to buy.

The American dollar has gone from it's lows in May to highs in July and made a low in September that led to the Gold price to rise.
This gave us a big bump up in the Gold miners, GDX.

Early October (about October 7th) Gold had a high of $1798 US.
Since then we had a drop to today's low of $1705.00.

My opinion?.......................

Yes, today is a good day to buy before Bernanke's and the Federal Reserve's commitment for QEIII.

It's a gamble. But That's my opinion.
I'll buy a little to accumulate.