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Direxion Daily Gold Miners Bull 3X ETF Message Board

  • vanheus44 vanheus44 Apr 17, 2013 11:53 AM Flag

    Walked into one of the largest Vegas pawn shops

    A bunch of freaks, rednecks, recluses, criminals, pimps, and executives bringing in duffel bags full of gold to sell. To funny, I've never seen anything like it, I'm not making this stuff up. For good or bad, the trend in gold is down for now, and the panic selling appears to be growing. It is also funny the lag between wall street and main street, although this time I think main street does have it right, the downtrend does continues in coming months as gold approaches 1200 an oz. (or lower) This will destroy the gold minors margins going forward. I see NUGT breaking $2 in coming months.

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