Replies to post #276 on Direxion Daily Gold Miners Bull 2X (NUGT)

[lifter]

out 5.68

[properlynumb]

I'm loosing my shirt holding on to the Gold Miners!
I've got to say that Gold miners, that's the 3X NUGT equity,
are at the bottom of the list of investments by most.

1)The masses of investors aren't ready to invest in speculative shares.
2)Money is simply unavailable for speculation.
3)The gold miners themselves have bought other miners and land that hasn't produced.
4)There is no dividend of respect for investors.
5)Costs for production have risen.
6)The US Dollar has risen simply because all the comparative currencies are worse.
7)There is no real inflation index as all money is being devalued (US Dollar devaluation is very small even with $80 Billion minted by the Fed each month).


There's just too many negatives.

I thought there was a bottom but I'm wrong.
Good luck to you and me!