Replies to post #8923 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Nightridertwou]

Well as I said a few days back gold resistance is in the 1245-6 area ,as of late and if it can get over that then look out above. Even after it did get over the 1245.00 and rose to the 1254-5 range it was ready to shoot until the knuckleheads had to preach taper no mater what the stock market does. The point is even after they scared the market with their BS, pertaining to tapering their funny money that as we all know allows gold to drop, gold still came back to the resistence of 1245.00. IMHO I still believe gold will push back up to the 1260-1270 range in the not to far future. When it gets to that point I see NUGT in the 36-39 range at which time I will take half my money from there and hedge with DUST. GLTY