Replies to post #4573 on Direxion Daily Gold Miners Bull 2X (NUGT)

[kei]

is this time to buy NUGT (gold)?..i wonder how the market respond to mr. obama's speech yesterday...

[ZombieSecurityAgent]

Bro, Obama sent the task of determining counter measures to congress yesterday. My iPhone was lit up with alerts yesterday. I am only guessing but, I see a bill move coming to a stock near you and like you say a possible further cooling off period for precious metals.

JMO

[3kidsplus1]

I will not jump the gun by opening a position long or short until we get some clear direction. However, I'm guessing we could get a move to the downside. Miners have been somewhat seperated from the head as relates to them tracking gold. This to me was the tip-off when in the background gold has been quietly pulling back, now about $30-40 from recent highs without attracting much attention. This gives it away for me, if I am interpreting this move correctly then gold is about to have its bottom fall out again.