Well the way I am reading this is that the market is thinking Yellen may hold back the taper and if that's the case NUGT could push up to the 45-50 range however if she decides to continue with the taper NUGT would fall back to the 37 range. Looking at the market subjectively it has rallied hard off the lows in the last few trading sessions and with that in mind one has to ask why would she not continue with the taper?
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