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Direxion Daily Gold Miners Bull 3X ETF Message Board

  • drillingsolutions Aug 18, 2013 3:38 PM Flag

    NUGT Uptrend

    Gold has been Incredibly oversold for the last 2 quarters, why? We recently learned it was because several major hedge funds were exiting major positions. Now that the world knows this, Gold, Gold Miners, & NUGT must correct... this means there will be a longterm uptrend for NUGT & downtrend for DUST... This is not an opinion, this is just the way markets work... Look to the weekly charts which support these conclusions.

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