Long from Positive Divergence
AMEX:JNUG DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES
Positive Divergence from 11/11 to 11/25. With GOLD forming a on 11/25 may indicate that a near term reversal will happen. Expecting a rise up to the next Fed fund rate decision in mid December, will either break the longer term down trend at that date, or continue lower. Opposed to classical thinking where the raising of rates will lower the price of Gold there is a possibility in my mind where it actually increases the price as funds are pulled from the Bond markets and invested in other markets, with possible amplification in Gold due to economic uncertainty of a Bond Market Crash, and this may be why the Fed keeps pushing the line to increase rates, they need to deflate the bond market first.