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NUGT - Precious Metals Risk The Return Of Complacency - David Brady (12/04/2019)
Direxion Daily Gold Miners Index Bull 3X Shares
By David Brady, CFA
The title to last week's article began with "Gold stuck in limbo," and although not very sexy, it was spot on! We're still stuck in that limbo, and silver and the miners are trapped there too. But based on yesterday's price action, we may get resolution one way or the other very, very soon. Recent developments suggest it could be to the downside.
Monetary Policy
It remains "risk on" and stocks continue to move higher reducing the need for rate cuts or QE anytime soon. In fact, for all of the