Direxion Daily Gold Miners Bull (NYSEMKT:NUGT)

CAPS Rating: 1 out of 5


Player Avatar TelsaRowe (45.09) Submitted: 4/28/2013 9:44:13 AM : Outperform Start Price: $122.40 NUGT Score: +6.67

The gold selloff was fraudulent, pre-meditated and transient. A huge shortage globally for the metal has come about with the selloff and will go straight to the miners bottom line quickly. Weak oil prices will also go to the miners bottom line as well. Lower than expected US GDP data insures the continuation of QE for the forseeable future. The selloff was overdone and the rebound will be big.

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