Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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Golds does what gold does during a major market decline. Namely it rises. If yesterday was just a sucker rally this could bounce hard along with gold. This related to my UVXY idea from last friday and the action of leading big stocks.
I don't believe that the market is a FED puppet and it might just prove that soon.
Trade active
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Trade hit my stop hence rendered the idea as business cost for now. NUGT is testing the early september low. Still on my watchlist.