Replies to post #6432 on Direxion Daily Gold Miners Bull 2X (NUGT)

[3kidsplus1]

Possibly but it depends where the bottom is, at some point buyers will come in as they did at 1180-1450, that was about a 300 point run. Lots of longs got washed out, guys are now calling 1150, 1050, 900. Who knows but at some point buyers will jump in and gold could do another rally 150-500 points depending on bottom. For now I just want to see a close under about 1275 for a confirmed down trend.